Neighborhood
3980 Pierce St, Gary, IN 46408
2 beds · 1 bath · 824 sq ft · Lot: 5,009 sq ft · Single Family Home · Built: 1953
Est. Value:
$95.4K
Est. Rent:
$1.2K/month

3980 Pierce St Gary, IN 46408

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2 beds · 1 bath · 824 sq ft · Lot Size: 5,009 sq ft · Single Family Home · Glen Park
Est. Property Value: $95,381

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3980 Pierce St is in the Glen Park neighborhood of Gary, IN. It is located in Lake County and ZIP code 46408. This Single Family Home was built in 1953 and is approximately 72 years old. The single family home spans 824 sq ft with 2 bedrooms and 1 bathroom and sits on a 5009 sq ft lot. According to public records, it was last sold in 2014 and has a tax-assessed value of $42,700, which is $116 per sq ft. The Glen Park area of Gary has 3245 residential homes with an average size of 880 sq ft. Analyze and compare real estate investment strategies for properties like this home at 3980 Pierce St Gary, IN 46408 with Property Intel by Whitepages.

Investment Potential for 3980 Pierce St

The property has a current estimated value of $95,381, which is 3% below the neighborhood median, based on public records. It last sold on January 14, 2014. Projected long-term
is $14,400 annually ($1,200 per month) with a 78% occupancy rate.

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Long-Term

Gross Rental
$14,400 per year($1,200 per month)
Net Operating Income
Cap Rate
Occupancy Rate
78%in 46408 zip code
 
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Owners & Occupancy for 3980 Pierce St

This property is owned by Ledon M Griffin. Owner contact information includes 9 phone numbers and 5 email addresses.

Property Owners

Cell Phone(336) ***-****View Cell Phone
Residence****************
Landline(219) 985-8337
Distance from Property**********
Email Address************@sbcglobal.netView Email

Property Ownership Information

Purchase DateJanuary 14, 2014
Property Tax Amount$1,077 in 2023

Occupancy

Resident 1**************** age 58
Resident 2************** age 65
Resident 3********************** age 32

Property Details for 3980 Pierce St

Property Details

Property Sq Ft

Living Area

824 sq ft

6% below market

Lot Size

5,009 sq ft

3% below market

Price Per Sq Ft

Living Area

$116 / sq ft

11% above market

Lot Size Area

$19 / sq ft

6% above market

Property condition, age, exterior, etc. for 3980 Pierc…
Longitude: -87.351291 Latitude: 41.546297 Parcel Number (APN): 45-08-28-155-019.000-004…
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Recommended Properties in Glen Park

Discover more single family homes near 3980 Pierce St in Gary, Indiana. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 3980 Pierce St in Lake County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$95,381
$138,759
-$43,379 (-31%)
$213,290
-$37,107 (-17%)
YoY Price Change
5.26%
-193%
Year Built
1953
1947
6 years
Living Space
824 sq ft
1,104 sq ft
-280 (-25%)
$ Per Living Sq Ft
$116
$125
-$9 (-7%)
Lot Size
5,009 sq ft
8,260 sq ft
-3251 (-39%)
$ Per Lot Sq Ft
$19
$18
$1 (8%)

Net Operating Income
$14,228
-$3,534 (-25%)
Annual Revenue
$14,400
$18,600
-$4,200 (-23%)
$4,008
-$302 (-8%)
Net Operating Income
$14,228
-$3,534 (-25%)
Cap Rate
9.72%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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