518 North Miami Place

Gary, IN 46403

$60,000
Price
5
Beds
2
Baths
2,178 Sq. Ft.
$28 / Sq. Ft.
2,178
Sq. Ft.
$28
per Sq. Ft.

Description

Investor's Dream: Blank Canvas Near Miller Beach Welcome to an exceptional opportunity for investors and visionaries in the prestigious Miller Beach area of Indiana. This two-story, five-bedroom, two-bath home is just 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...Investor's Dream: Blank Canvas Near Miller Beach Welcome to an exceptional opportunity for investors and visionaries in the prestigious Miller Beach area of Indiana. This two-story, five-bedroom, two-bath home is just 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 great opportunity pass you by!
  1. Listed by Ashley Tarver • Coldwell Banker Real Estate Gr
    P: (317) 442-9064 C: (317) 442-9064 SoldByAshleyNicole@gmail.com

Property Details for 518 North Miami Place

Subdivision
Gary Beach 02
Garage # of Cars
2

Location

Listing Courtesy of Coldwell Banker Real Estate Gr
Add your commute
LISTING UPDATED: 03/04/2024 11:16 AM

Property Details for 518 North Miami Place

StatusActive
MLS #543123
Days on Market120
Taxes$1,524 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1948
Lot Size0.19 AC / 8,407 SF
CountyLake County

Location

Listing Courtesy of Coldwell Banker Real Estate Gr
Add your commute

Building Information for 518 North Miami Place

Stories-Year Built1948Building Size-Lot Size0.19 AC / 8,407 SF

Payment Calculator

$454 per month

30 year fixed, 7.25% Interest

Principal and Interest

$327

Property Taxes

$127

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 518 North Miami Place

Summary
Location and General Information
  • 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
  • City/Town: Gary
  • State: IN
  • Township: Calumet
  • ZIP: 46403
  • Zip Plus 4: 2072
  • Latitude: 41.61
  • Longitude: -87.25
  • County: Lake
Taxes and HOA
  • Annual Tax Amount: $1,524.00
  • APN/Key #: 450532329010000004
  • Tax Year: 2022
  • Association Fee: $.00
  • Tax Legal Description: Legal Description: GARY BEACH 2ND SUB. ALL L.5 BL.D S. 20 FT. L.6 BL.D
Parking
  • Garage Description: Detached
Property
Lot Information
  • Lot Square Footage: 8,407.00
  • Lot Dimensions: 60x140
  • Square Footage: 2178.0
  • Square Footage Source: Assessor
  • Acres: .19
Property and Assessments
  • Property Type: Residential
  • Property Subtype 1: Single Family Residence
  • Year Built: 1948
  • Lot Description: Sloped
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum Siding
  • Foundation Details: Slab
  • Levels: Two
Interior Features
  • Appliances: None
  • Basement: No
  • Total Full Baths: 2
  • Total 1/2 Baths: 0
  • Total 3/4 Baths: 0
  • Total Baths: 2
  • Bedrooms: 5
  • Basement Sq Ft: 0.0
  • Total # Fireplaces: 0
  • Flooring: None
  • Equipment: None
  • Heat Type: Natural Gas, None
  • Interior Features: None
  • Total # of Rooms: 3
Room 1
  • Room Description: Full
  • Room Type: Bathroom
Room 2
  • Room Description: Full
  • Room Type: Bathroom
Room 3
  • Room Type: Living Room
Room 4
  • Room Type: Kitchen
Room 5
  • Room Type: Primary Bedroom

Property History for 518 North Miami Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 518 North Miami Place

Taxable ValueLand$34,900Additions$41,400Total$76,300
Tax Record2022$2,872 ($239 / month)
Home Facts
Baths2Total Finished SqFt2,178 SqFtAbove Grade Finished SqFt2,178 SqFtStories2Lot Size8,407 SqFtStyleDuplexYear Built1948CountyLAKEAPN45-05-32-329-010.000-004

Schools near 518 North Miami Place

This home is within Gary Community School Corp.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Banneker Elementary at Marquette
PublicK to 5

Gary Middle School
Public6 to 8

West Side Leadership Academy
Public9 to 12

New Tech Innovative Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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518 North Miami Place is a single family home for sale in Gary, IN 46403. This property was listed for sale on December 22, 2023 by Coldwell Banker Real Estate Gr, it's currently listed at $60,000. It has been on the market for a total of 120 days and was last sold on August 4, 2021. This listing's school district is Gary Community School Corp. Nearby schools include Banneker Elementary at Marquette, Gary Middle School and West Side Leadership Academy. 518 North Miami Place is a 5-bed, 2-bath, 2,178 sqft single family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Real Estate Gr

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS, Northwest Indiana REALTORS® Association Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association, Northwest Indiana REALTORS® AssociationSoutheastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.