7231 West 5th Avenue

7231 West 5th Avenue in Gary, IN was first built in 1950 and is 74 years old. Although, the building on the property was most recently renovated and altered in 1989. This has been categorized as a industrial property type. It is a single story home. 7231 West 5th Avenue has 2,544 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 9,975 square feet.

Learn more about the property and building on this page. The building type has been coded as 4. The code stands for buildings that have wood or wood and steel frames.. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. The exterior walls of the home are made of concrete block. As for heating, the home is utilizing gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 7231 West 5th Avenue was last sold in Jan 14, 2016 for $170,600. According to our calculations, that's $67.06 per sqft. Current property owners are expected to pay $1,500 in taxes per year. The property on 7231 West 5th Avenue was last assessed in 2021. As a result of that assessment, the total value of the property was placed at $42,100. To break that down further, the land itself was valued at $15,500. While improvements to the property were assessed at a total of $26,600. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.