Closed

$27,500

2581 Jefferson St, Gary, IN 46407

2beds

1,280sqft

Single Family Residence

Built in 1947

3,005 Square Feet Lot

$41,000 Zestimate^®

$21/sqft

$1,275 Estimated rent

Home value

$41,000

$32,000 - $53,000

$1,275/mo

Zestimate^® history

Owner options

List your home for rent

$1,275/mo

Rent Zestimate^®

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$1,275/mo

Rent Zestimate^®

Refinance and save

$139/mo

Est. payment

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$139/mo

Est. payment

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What's special

Ranch style home

Ranch style home for sale! 2 bedroom, 1 bath with a basement needs minor updating. Great investment opportunity! Estimated after repair value is 70-80k and estimated rent would be $1,000-1,200 netting you a 27% Cap Rate. Call for more information.Schedule your showing today!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Rooms

Room types: Bathroom, Bedroom 2, Kitchen, Living Room, Primary Bedroom

Primary bedroom

Area: 169
Dimensions: 13 x 13

Bedroom 2

Area: 169
Dimensions: 13 x 13

Bathroom

Description: Full

Kitchen

Area: 182
Dimensions: 14 x 13

Living room

Area: 240
Dimensions: 16 x 15

Heating

Forced Air, Natural Gas

Appliances

Included: Refrigerator

Features

None
Basement: Interior Entry
Has fireplace: No

Interior area

Total structure area: 1,280
Total interior livable area: 1,280 sqft
Finished area above ground: 640

Property

Parking

Parking features: None

Features

Levels: One
Exterior features: None
Frontage length: 25

Lot

Size: 3,005 Square Feet
Dimensions: 25 x 121
Features: Level, Paved

Details

Parcel number: 450816427016000004

Construction

Type & style

Home type: SingleFamily
Architectural style: Bungalow
Property subtype: Single Family Residence

Condition

New construction: No
Year built: 1947

Utilities & green energy

Water: Public

Community & HOA

Community

Features: Sidewalks
Subdivision: 2nd Oak Park

HOA

Has HOA: No

Location

Region: Gary

Financial & listing details

Price per square foot: $21/sqft
Tax assessed value: $19,800
Annual tax amount: $507
Date on market: 2/28/2024
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Road surface type: Paved

Price history

Date	Event	Price
11/8/2023	Sold	$27,500-30.4%$21/sqft
Source: NIRA as distributed by MLS GRID #537581 Report a problem
10/20/2023	Price change	$39,500-12.2%$31/sqft
Source: NIRA as distributed by MLS GRID #537581 Report a problem
9/25/2023	Price change	$45,000-13.5%$35/sqft
Source: NIRA as distributed by MLS GRID #537581 Report a problem
9/14/2023	Price change	$52,000-16.1%$41/sqft
Source: NIRA as distributed by MLS GRID #537581 Report a problem
9/2/2023	Price change	$62,000-6.6%$48/sqft
Source: NIRA as distributed by MLS GRID #537581 Report a problem
8/29/2023	Price change	$66,400-5%$52/sqft
Source: NIRA as distributed by MLS GRID #537581 Report a problem
7/17/2023	Listed for sale	$69,900+323.6%$55/sqft
Source: NIRA as distributed by MLS GRID #533339 Report a problem
9/27/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
9/22/2022	Listed for rent	$875$1/sqft
Source: Zillow Rental Manager Report a problem
6/16/2021	Sold	$16,500-17.1%$13/sqft
Source: NIRA as distributed by MLS GRID #487575 Report a problem
5/5/2021	Price change	$19,900-16.7%$16/sqft
Source: NIRA as distributed by MLS GRID #487575 Report a problem
1/23/2021	Listed for sale	$23,900+4680%$19/sqft
Source: NIRA as distributed by MLS GRID #487575 Report a problem
10/26/2020	Sold	$500+66.7%
Source: Public Record Report a problem
6/12/2015	Sold	$300
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$793 +27.8%	$34,600 +9.5%
2024	$620 +22.3%	$31,600 +28.5%
2023	$507 +7.6%	$24,600 +24.2%
2022	$471 +4.5%	$19,800 +7.6%
2021	$451 +18.7%	$18,400 +4.5%
2020	$380 -91.7%	$17,600 -7.4%
2019	$4,573 +31.8%	$19,000 -20.2%
2018	$3,468 +545.3%	$23,800 -12.8%
2017	$537	$27,300 -4.2%
2016	$537 -19.1%	$28,500 +0.4%
2014	$665 +7.9%	$28,400 +3.6%
2013	$616 -4.2%	$27,400 -1.1%
2012	$643 +5.1%	$27,700 +8.6%
2011	$611 -5.9%	$25,500 -1.9%
2010	$650	$26,000 +16.1%
2009	--	$22,400 +7.7%
2007	--	$20,800 +80.9%
2006	--	$11,500
2005	--	$11,500