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1717 West 47th Avenue

1717 West 47th Avenue, Gary, IN 46408
Property in Calumet
Sold Nov 02, 2020
$124,400
$122,735 by Cmg Mortgage Inc
Mortgage Due Nov 01, 2050
Sold Oct 31, 2005
$77,700
$76,700 by Aegis Funding Corp
Mortgage Due Nov 01, 2035
1717 West 47th Avenue has been categorized by the local assessors in Gary, IN as a residential type of property. The building on the property was first built in 1960 and is 64 years old. The home has a total of 3 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1717 West 47th Avenue has 1,134 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,260 ft and across the front of the lot is 1,830 ft. The area measurement of the land has been determined as 23,043 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 460 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as fair. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The roof of the building is made of asphalt. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. Finally, the property is currently sourcing its water from none system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Oct 22, 2020 for $124,400. That's $54.85 per sqft. Prior to that sales transaction, the property was also sold in Oct 20, 2005 for $77,700. 1717 West 47th Avenue was last assessed in 2023. The total value of the property was assessed at $58,100. Specifically, the land the property is located on was valued at $10,400. While improvements on the property were assessed at a total of $47,700. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $555. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Brick
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Unfinished basement
  • Basement Area: 1,134
  • Garage Type: Detached
  • Garage Square Area: 460
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 23,043
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 1,830
  • Total Building Area: 2,268
  • Gross Building Area: 2,268
  • Building Area: 1,134
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,134
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: C. J. WILLIAMS 2ND ADD
  • Land Acres: 0.529
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: C. J. WILLIAMS 2ND ADD. HUSFORD PARK LOTS 1,2,3,4,5,6 & 7

Ownership

  • Current Owner : SMITH TYRELL L
  • Current Owner 2: SMITH TAYLOR A
  • Previous Owner : KNOX DJUAN M
  • Previous Owner 2: KNOX CHERYL
  • Owner Before Previous Owner: MAGALLANES SALVADORE
  • Owner Before Previous Owner 2: MAGALLANES ESTHER MAGALLANES
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lake Ridge Schools
  • Census Tract: 041500

Geography

  • Assessors Map Reference: MP J39-320 254
  • District: 0001
  • Parcel: 45-08-32-278-001.000-001
  • Lot: 1,2
  • Municipality: CALUMET TOWNSHIP
  • Latitude: 41.5331
  • Longitude: -87.3574

    Address

  • Full Address: 1717 W 47th Ave
  • Address - House Number: 1717
  • Street Direction: W
  • Address - Street Name: 47th
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: Gary
  • Carrier Code: C051
  • 4-Digit Zip Code: 4309
  • Zip Code: 46408

Valuation

    Tax

  • Total Area: 2,268
  • Tax Year: 2022
  • Tax Amount: $555
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.2781
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 60
  • Final Value: 154,552
  • High Value: 197,546
  • Low Value: 111,558

    Open Liens

  • Total Open Liens: 4
  • Total Open Liens Amount: $205,341
  • First Open Lien Mortgage Lender: CMG MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Nov 02, 2020
  • First Open Lien Mortgage Loan Amount: $122,735
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2050
  • Second Open Lien Mortgage Lender: AEGIS FUNDING CORP
  • Second Open Lien Mortgage Recording Date: Oct 31, 2005
  • Second Open Lien Mortgage Loan Amount: $19,100
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second
  • Second Open Lien Mortgage Loan Due Date: Nov 01, 2035
  • Third Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Third Open Lien Mortgage Recording Date: Dec 06, 2022
  • Third Open Lien Mortgage Loan Amount: $13,506
  • Third Open Lien Mortgage Term: 334
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: FHA
  • Third Open Lien Mortgage Loan Due Date: Nov 01, 2050
  • Fourth Open Lien Mortgage Lender: INDIANA HOUSING AND COMMUNITY
  • Fourth Open Lien Mortgage Recording Date: Aug 03, 2023
  • Fourth Open Lien Mortgage Loan Amount: $50,000
  • Fourth Open Lien Mortgage Term: 360
  • Fourth Open Lien Mortgage Position: 4
  • Fourth Open Lien Mortgage Loan Type: New Conventional
  • Fourth Open Lien Mortgage Loan Due Date: Aug 03, 2053

    Market Valuation

  • Market Total Value: $58,100
  • Market Land Value: $10,400
  • Market Improvement Value: $47,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $58,100
  • Assessed Land Value: $10,400
  • Assessed Improvements Value: $47,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 22, 2020
  • Current Sale Recording Date: Nov 02, 2020
  • Current Sale Transaction ID: 11796217426
  • Current Sale Price: $124,400
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020-079737
  • Previous Sale Recording Date: Oct 31, 2005
  • Previous Sale Contract Date: Oct 20, 2005
  • Previous Sale Amount: $77,700
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CMG MORTGAGE INC
  • First Mortgage Transaction Date: Nov 02, 2020
  • First Mortgage Loan Amount: $122,735
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: AEGIS FUNDING CORP
  • Previous Mortgage Transaction Date: Oct 31, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $76,700
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Nov 01, 2035

About Lake



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 1717 West 47th Avenue located in?
The 1717 West 47th Avenue is a located in the neighborhood of Calumet in Lake, Gary.
What is the average sales price for listings in 1717 West 47th Avenue?
The average sales price for units in 1717 West 47th Avenue is $0 currently.

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