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$89,900

2548 Madison Street Gary, IN  46407

  • 3 Beds
  • 1 Baths
  • 1,522 sq. Ft

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Property Description for 2548 Madison Street Gary, IN 46407

Welcome to this 3-bedroom, 1-bath two-story home, offering a fantastic opportunity to either purchase outright at $89,900 or take advantage of seller financing. With a purchase price of $95,000, seller financing terms include a 30-year loan at 6% interest and a monthly payment of just $550 per month , making it an affordable option for first-time buyers or investors looking for a rent-to-own opportunity. This home has seen several recent updates to ensure peace of mind for its new owner. The electrical system has been fully updated, and the plumbing has been completely redone throughout the house, complemented by a brand-new water heater. The bathroom on the main floor has been fully renovated with new fixtures, giving it a fresh and modern look. The roof, just 9 years old, and newly installed gutters ensure the exterior of the home is well-maintained. Inside, the entire house has been freshly painted, creating a bright and welcoming atmosphere. The restored wooden floors on both the main floor and the second story add character and warmth to the home, blending the charm of original features with modern updates. The walk-out basement provides additional space for storage, a workshop, or the potential to finish for extra living space. Located just 1/4 block from the expressway with Broadway, commuting is a breeze. Plus, you're conveniently situated down the street from the fire department, adding an extra sense of security. This property is ideal for anyone looking for a move-in-ready home with the option to purchase or rent-to-own at an affordable rate.

Address:2548 Madison Street Gary IN 46407
Status:Active
on site: 18 days
Price:$89,900
Bedrooms:3 Beds
Bathrooms:1 Full Baths
Sq. Feet:1,522
Year Built:1919
Lot Size:0.07
County: Lake
Township: Calumet
MLS #:811536
Property Type:Single Family Residence

Lot Dimensions:25x121
Directions:Broadway north to 25th Avenue west to Madison south to property on the west side of the road.
Total Sq. Ft. :1,522
Basement:Yes

Loan Price
$506
Price And Interest $469/month
Property Tax $0/month
MTG INS $0/month
HOME INS $37/month
Price
$89,900
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$444 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Living Room Info Not Available
Kitchen Info Not Available
Primary Bedroom Info Not Available
Bedroom 2 Info Not Available
Bedroom 3 Info Not Available
Dining Room 12.30 Info Not Available

Tax Year:2023
Mandatory HOA Fee:$

City:Gary
Subdivision: Oak Park Add 02
Zip Code:46407

Total Sq. Ft.:1,522
Interior Features:Primary Downstairs
Appliances:None
Exterior Features:None
Heat:Forced Air, Natural Gas
Total Rooms:6
Jeff Safrin, REALTOR®/Broker, F. C. Tucker Company
Jeff Safrin
Additional Phone (219) 309-9930
F.C. Tucker Company

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Listing provided courtesy of David Whitehead with RE/MAX Lifestyles from NIRA as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 10/12/2024 12:00 AM. 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.





Gary Market Report

74
Avg. DOM
$93.51
Avg. $ / Sq.Ft.
$ 129,000
Med. List Price

The house prices in Gary are indeed dropping at the moment. There has been a decrease in price of $0.00. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

There is no data available at this time for Gary.

The most popular place to buy a home in Gary is null. null is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Gary .

The average amount of property taxes you would have to pay for a home in Gary is $455.65. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Gary are staying listed for an average of 84 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Gary was 749 minutes ago.

At the moment we have 0 open houses that you can visit.

The cost of the most expensive home in Gary is $998,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Gary is $10,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Gary in year 1900 and the newest built house is in year 2024.

The average size of properties in Gary is 1591 sq.ft. , the biggest one being 6400 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.