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$58,000   Price Analysis
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518 N Miami Pl
Gary, IN 46403
5 bed 2 bath 2,178 SqFt ($26/SqFt)
8,407SqFt lot. Built 1948
Listed 2023-12-23, Taxes $2,567
Ⓧ USDA Ineligible
due to location

near Gary

Investor's Dream: Blank Canvas Near Miller Beach Welcome to an exceptional opportunity for investors and visionaries in the prestigious Miller Beach area of Indina.

This two-story, five-bedroom, two-bath home is minutes from the beach, offering a prime location for those seeking a project with immense potential. Property Features: - 5 bedrooms, 2 baths- Prime two-story layout- Unbeatable proximity to Miller Beach- Endless potential for renovation or reconstructionRequiring a FULL GUT REHAB to restore it to its glory, this home is ready to be transformed into a stunning lakefront property.

With potential after-renovation values reaching as high as $300, 000+, the possibilities are as vast as the lakes proximity. This property offers a prestigious address with access to the area's renowned amenities and natural beauty.Don't let this fantastic opportunity pass you by!


Presented by Ashley Nicole Tarver at
Coldwell Banker Realty.
Listing Agent Photo

Property MLS #543123 from NIRA

Bedrooms: 5

Total Rooms: 3
Bathroom, Kitchen, Primary Bedroom, Living Room
Living Room Dimensions: 12 x 12
Living Room Sqft: 144

Total Bathrooms: 2
Full Bathrooms: 2

Heating Features: Natural Gas

Kitchen Dimensions: 8 x 10
Kitchen Sqft: 80

Deck
Patio And Porch Features: Deck

Lot Size Acres: 0.193
Lot Size Dimensions: 60x140
Lot Size Square Feet: 8407

Garage Spaces: 2

Association Fee Frequency: Annual
Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 1524
Source Listing Status: Active
County: Lake
Directions: US-12/US-20 to Lake Street, Lake Street to miller ave, Miller Ave to S. Grand Blvd, Turn onto Forest Ave, Turn on to N. Miami Street, veer towards N. Miami Place
Tax Year: 2022
Source Property Type: Residential
Source Neighborhood: Gary Beach 02
Postal Code Plus 4: 2072
Subdivision: Gary Beach 02
Township: Calumet
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$81,400 + $18,800
$100,200
$2,567
2020$80,000 + $18,800
$98,800
$2,531
2019$78,500 + $17,900
$96,400
$1,988
2018$7,500 + $17,900
$25,400
$664
2017$7,900 + $17,600
$25,500
$604
2017$7,600 + $17,600
$25,200
$604
2016$7,600 + $17,900
$25,500
$603
2015$78,300 + $17,900
$96,200
$537
2013$74,200 + $17,900
$92,100
$5,436
2012$73,200 + $17,900
$91,100
$5,532
2011$74,800 + $17,900
$92,700
$5,784
2010$73,500 + $18,300
$91,800
$2,529
2008$72,800 + $17,800
$90,600
$5,539
2008$78,600 + $17,900
$96,500
$5,539
2005$66,300 + $17,200
$83,500
$2,966

Price Changed 2024-05-27
$58,000
NIRA
Listed 2023-12-23
$60,000
NIRA
Sold 2021-08-04
$50,000
NIRA
Sold 2010-04-15
$15,000
NIRA
Price Changed 2010-04-06
$14,000
NIRA
Listed 2010-03-16
$24,900
NIRA
Listing removed 2010-02-02
$24,900
NIRA
Listed 2010-01-05
$24,900
NIRA
Listing removed 2009-12-20
$39,900
NIRA
Listed 2009-11-25
$39,900
NIRA
Listing removed 2009-11-15
$39,900
NIRA
Listed 2009-10-20
$39,900
NIRA
Listing removed 2009-04-26
$95,000
NIRA
Listing removed 2009-02-22
$95,000
NIRA
Listed 2008-10-19
$95,000
NIRA
Sold 2007-05-30
$172,900
Public Record
Sold 2006-06-16
$32,000
NIRA

Total Square Feet Living: 2178
Year Built: 1948
Above Grade Finished Area: 2178
Levels: Two
Property Age: 76
Total Area Sqft: 2178

Water Source: Public

Gary Middle School is a public middle school located approximately 0.5 miles away.
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Banneker Elementary at Marquette is a public elementary school located approximately 0.5 miles away.
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West Side Leadership Academy is a public high school located approximately 8.1 miles away.
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Christ Baptist Christian Academy is a private elementary school located approximately 1.8 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.