Active

$149,000

518 Cherry Ln, Gas City, IN 46933

5beds

1,260sqft

$1,070/mo

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Single Family Residence

Built in 1965

10,018 Square Feet Lot

$160,500 Zestimate^®

$--/sqft

$-- HOA

What's special

Fenced-in backyardOne-level homeFunctional layoutPlenty of living space

4-5-bedrooms, 2.5-bath home located in the heart of Gas City! This one-level home offers plenty of living space, a functional layout, and a fenced-in backyard. Conveniently located near local schools, shopping, dining, and other amenities. Property is being offered as cash or conventional financing only. Important: Property has previously sold at tax sale and must close by October 20, 2026. Buyers and agents should perform their own due diligence regarding the tax sale and closing timeline. Taxes to be confirmed with title company. Selling As is, please attach an as is addendum with all offers.

5 days
699
39

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1
Main level bedrooms: 5

Bedroom 1

Level: Main

Bedroom 2

Level: Main

Dining room

Level: Main
Area: 100
Dimensions: 10 x 10

Kitchen

Level: Main
Area: 165
Dimensions: 15 x 11

Living room

Level: Main
Area: 182
Dimensions: 13 x 14

Heating

Natural Gas, Forced Air

Cooling

Central Air

Appliances

Included: Refrigerator, Washer, Dryer-Electric, Gas Water Heater
Laundry: Electric Dryer Hookup, Washer Hookup

Features

Ceiling Fan(s), Laminate Counters, Eat-in Kitchen, Tub/Shower Combination
Flooring: Hardwood, Carpet, Tile, Vinyl
Windows: Window Treatments, Blinds
Basement: Crawl Space,Block
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 1,260
Total interior livable area: 1,260 sqft
Finished area above ground: 1,260
Finished area below ground: 0

Video & virtual tour

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Property

Parking

Total spaces: 1
Parking features: Attached, Concrete
Attached garage spaces: 1
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Patio & porch: Deck, Patio, Porch Covered
Fencing: Block

Lot

Size: 10,018 Square Feet
Dimensions: 77 x 128
Features: 0-2.9999, City/Town/Suburb

Details

Parcel number: 270734102095.000018
Zoning: R1

Construction

Type & style

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

Materials

Aluminum Siding, Brick, Vinyl Siding
Roof: Asphalt,Shingle

Condition

New construction: No
Year built: 1965

Utilities & green energy

Sewer: City
Water: City
Utilities for property: Cable Available

Community & HOA

Community

Subdivision: None

Location

Region: Gas City

Financial & listing details

Tax assessed value: $137,700
Annual tax amount: $2,567
Date on market: 9/4/2026
Listing terms: Cash,Conventional

Estimated market value

$160,500

$136,000 - $181,000

$1,624/mo

Price history

Date	Event	Price
9/4/2026	Listed for sale	$149,000
Source: IRMLS #202636726 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,418 +194.7%	$137,700 +13.9%
2024	$820 +22.3%	$120,900 +14.8%
2023	$671 +17.7%	$105,300 +16.5%
2022	$570 +18.5%	$90,400 +8.4%
2021	$481 +2.8%	$83,400 +4.8%
2020	$468 +14.9%	$79,600 +1.4%
2019	$407 +6.4%	$78,500 +3.4%
2018	$383 +4.5%	$75,900 +3.3%
2017	$366 -4.1%	$73,500 -0.7%
2016	$382 +13.3%	$74,000 -1.7%
2014	$337 +1.6%	$75,300 +1.8%
2013	$332 +17.4%	$74,000 -2.4%
2012	$283 -33.4%	$75,800 -5.7%
2011	$424 -6.9%	$80,400
2010	$456 +8.4%	$80,400 -1.5%
2009	$421 -2.5%	$81,600 +7.8%
2007	$431	$75,700
2006	--	$75,700 +11.5%
2005	--	$67,900