Closed

$40,000

395 Matthews St, Gary, IN 46406

2beds

966sqft

Single Family Residence

Built in 1950

6,229 Square Feet Lot

$89,600 Zestimate^®

$41/sqft

$1,288 Estimated rent

Home value

$89,600

$65,000 - $116,000

$1,288/mo

Zestimate^® history

Owner options

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$1,288/mo

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$1,288/mo

Rent Zestimate^®

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$202/mo

Est. payment

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$202/mo

Est. payment

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What's special

Generously sized corner lotFully fenced backyardLarge bonus roomHardwood floors

This 2-bedroom, 1-bath home sits on a generously sized corner lot with a fully fenced backyard--perfect for added privacy or pets. Hardwood floors run throughout the main living areas, and a large bonus room off the kitchen provides flexible space for dining, entertaining, or expansion.The unfinished basement offers potential for additional storage or renovation. Please note: the property will be sold as-is and anything remaining on the premises will be the responsibility of the buyer.Whether you're a flipper, landlord, or savvy investor, this bank-owned property offers strong potential at a budget-friendly price.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Rooms

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

Primary bedroom

Area: 168
Dimensions: 12.0 x 14.0

Bedroom 2

Area: 144
Dimensions: 12.0 x 12.0

Kitchen

Area: 168
Dimensions: 12.0 x 14.0

Living room

Area: 168
Dimensions: 14.0 x 12.0

Heating

Forced Air, Natural Gas, Hot Water

Appliances

Included: Dryer, Washer, Refrigerator
Laundry: Lower Level, Sink

Features

Country Kitchen
Basement: Interior Entry,Unfinished
Has fireplace: No

Interior area

Total structure area: 966
Total interior livable area: 966 sqft
Finished area above ground: 966

Property

Parking

Parking features: On Street

Features

Levels: One
Exterior features: None
Has view: Yes
View description: Neighborhood

Lot

Size: 6,229 Square Feet
Features: Corner Lot, Landscaped, Paved

Details

Parcel number: 450701277012000004
Special conditions: Real Estate Owned

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Condition

Fixer
New construction: No
Year built: 1950

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Brunswick Add

HOA

Has HOA: No

Location

Region: Gary

Financial & listing details

Price per square foot: $41/sqft
Tax assessed value: $41,900
Annual tax amount: $419
Date on market: 7/25/2025
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Price history

Date	Event	Price
9/24/2025	Sold	$40,000+158.1%$41/sqft
Source: NIRA as distributed by MLS GRID #824939 Report a problem
11/6/2017	Sold	$15,500$16/sqft
Source: NIRA as distributed by MLS GRID #415802 Report a problem
10/16/2017	Pending sale	$15,500$16/sqft
Source: Prime Real Estate #415802 Report a problem
10/4/2017	Price change	$15,500-11.4%$16/sqft
Source: Prime Real Estate #415802 Report a problem
9/11/2017	Price change	$17,500-23.9%$18/sqft
Source: Prime Real Estate #415802 Report a problem
6/2/2017	Listed for sale	$23,000$24/sqft
Source: Prime Real Estate #415802 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$46,400 +10.7%
2024	--	$41,900 +6.1%
2023	--	$39,500 +12.9%
2022	--	$35,000 +8%
2021	$894 +37.6%	$32,400 -7.2%
2020	$650 -44.7%	$34,900 +7.4%
2019	$1,176 +50%	$32,500 -2.1%
2018	$784 +53.2%	$33,200 -0.9%
2017	$512	$33,500 -3.7%
2016	$512 -2.6%	$34,800 -30.3%
2014	$526 +6%	$49,900 +3.1%
2013	$496 -23.7%	$48,400 -20.5%
2012	$650 -1.5%	$60,900
2011	$660 -11.2%	$60,900 -3%
2010	$743	$62,800 +5.2%
2009	--	$59,700 +26.5%
2007	--	$47,200 +43.5%
2006	--	$32,900
2005	--	$32,900
2004	--	$32,900 +153.1%
2003	--	$13,000
2002	--	$13,000 +200.2%
2001	--	$4,330