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Gary 46402 Downtown Gary
408 Pierce Street
$83,001
● House - Off Market

408 Pierce Street

Gary, IN 46402
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,239 Ft²
$97,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Welcome to this spacious and well located 3 bedroom, 1.5 bath home that awaits your personal touch and creativity.  While this home requires updating, it presents an exciting opportunity to create your ideal living space in a well  maintained structure with strong bones. Large rec area in basement offers endless possibilities, from an entertainment  hub to a home gym or hobby room. Low taxes. Whether you're a first time buyer looking to put your personal stamp  on a property or an investor seeking a rewarding project, this home is brimming with potential. A clean 2.0 car  garage provides secure parking and additional storage space.
Unit Size
1,239 Ft²
Days on Market
-
Land Size
-
Price per sqft
$78
Property Type
House
Property Taxes
$3
HOA Dues
-
Year Built
1919

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11894133)

Price History

Date / Event Date Event Price
Nov 22, 2023 Sold
Premium
Sold
Sep 26, 2023 Listed by McColly Real Estate $97,000
Listed by McColly Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1919
  • Effective Year Built: 1919
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 2
  • Building Quality: 10
  • Construction Type: 2
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,239
  • Garage Type: 4
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 25

    Dimensions

  • Lot Size Square Feet: 3,746
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 300
  • Total Building Area: 2,478
  • Gross Building Area: 2,478
  • Building Area: 1,239
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,239
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GARY LAND COS 2ND SUB
  • Land Acres: 0000000086
  • Standard Land Use Code: 1001
  • County Land Use Code: 510
  • Legal Description 1: GARY LAND COS 2ND SUB. ALL L.23 BL.9

Neighborhood

  • School District Name: Gary Community School Corporation
  • Census Tract: 012800

Geography

  • Assessors Map Reference: MP J44-128 25
  • District: 0001
  • Parcel: 45-08-04-158-014.000-004
  • Block: 9
  • Lot: 23
  • Municipality: CALUMET TOWNSHIP
  • Latitude: 41.6035
  • Longitude: -87.3524

    Address

  • Full Address: 408 Pierce St
  • Address - House Number: 408
  • Address - Street Name: Pierce
  • Address - Suffix Type: St
  • State: IN
  • City Name: Gary
  • Carrier Code: C034
  • 4-Digit Zip Code: 1054
  • Zip Code: 46402

Valuation

    Tax

  • Total Area: 2,478
  • Tax Year: 2020
  • Tax Amount: $6,000
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.2781
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 60
  • Final Value: 112,883
  • High Value: 144,285
  • Low Value: 81,481

    Market Valuation

  • Market Total Value: $60,600
  • Market Land Value: $6,800
  • Market Improvement Value: $53,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $60,600
  • Assessed Land Value: $6,800
  • Assessed Improvements Value: $53,800

    Sales

  • Current Sale Contract Date: Nov 15, 2023
  • Current Sale Recording Date: Nov 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 538644
  • Previous Sale Recording Date: Aug 09, 2023
  • Previous Sale Contract Date: Aug 02, 2023
  • Previous Sale Document Type: 5
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Downtown Gary

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Mary Aaron, McColly Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11894133
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 408 Pierce Street built and last sold?
The property at 408 Pierce Street was built in 1919 and last sold on Nov 15, 2023 for $155,610.
How much is this home worth?
The estimated value of the home located at 408 Pierce Street is $0.
What are some comparable homes to 408 Pierce Street?
There are currently no comparable homes to 408 Pierce Street.
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