1040 Wallace St, Gary, IN 46404
Property image
Property image
OFF MARKET

$271,200

Trulia Estimate
  • 5 Beds
  • 2.5 Baths
  • 2,789 sqft

1040 Wallace St, Gary, IN 46404

Ambrige Mann
Est. Refi. Payment $1,757/mo*
Refinance Your Home
Currently Off Market - Sold Aug 26, 2024 for $250,000

Home Value

Trulia Estimate
$271K
Since last month
Decreased$4K (-1.4%)
Since last year
Increased$13K (+5%)
Since last sale
Increased$19K (+7.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +522% in the last 10 years
MonthEstimated value
2026
September 2026$269K
August 2026$272K
July 2026$272K
June 2026$274K
May 2026$277K
April 2026$271K
March 2026$266K
February 2026$261K
January 2026$255K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1025 Wallace St, Gary, IN
0.04
Single-Family Home
$178,500
03/31/26
4
2.5
2,475
1122 Bigger St, Gary, IN
0.13
Single-Family Home
$208,000
07/21/26
4
3
2,304
1035 Willard St, Gary, IN
0.22
Single-Family Home
$230,000
05/27/26
3
2
1,808
1517 Jennings St, Gary, IN
0.42
Single-Family Home
$209,000
09/18/26
4
2
2,115
1770 Jennings St, Gary, IN
0.57
Single-Family Home
$249,900
09/25/25
5
3
2,960
1539 Whitcomb St, Gary, IN
0.39
Single-Family Home
$235,000
01/12/26
4
2
1,872
4224 W 10th Ave, Gary, IN
0.35
Single-Family Home
$224,000
07/14/26
4
3
2,508
1735 Hendricks St, Gary, IN
0.52
Single-Family Home
$230,900
11/03/25
4
2
2,090
1166 Noble St, Gary, IN
0.18
Single-Family Home
$153,500
04/14/26
4
2
1,604
1567 Waite St, Gary, IN
0.54
Single-Family Home
$243,000
05/08/26
3
3
1,722

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1025 Wallace St, Gary, IN 46404
0.04
$178,500
4
2.5
2,475
Recently Sold
3733 W 10th Ave, Gary, IN 46404
0.05
$178,400
3
2
2,856
Off Market
1030 Noble St, Gary, IN 46404
0.06
$175,800
3
2
1,640
Off Market
1040 Noble St, Gary, IN 46404
0.06
$138,500
3
1
840
Off Market
3730 W 10th Ave, Gary, IN 46404
0.08
$205,500
4
2.5
1,888
Off Market
1120 Wallace St, Gary, IN 46404
0.11
$78,000
3
1.5
1,188
Recently Sold
1040 Whitcomb St, Gary, IN 46404
0.13
$115,700
3
1
1,632
Off Market
1124 Wallace St, Gary, IN 46404
0.11
$112,000
2
1
748
Off Market
1125 Wallace St, Gary, IN 46404
0.12
$144,000
2
1
1,326
Recently Sold
1122 Bigger St, Gary, IN 46404
0.13
$208,000
4
3
2,304
Recently Sold
1148 Noble St, Gary, IN 46404
0.16
$97,200
3
1.5
2,736
Off Market

Local Information

  • Map ViewExplore the area around 1040 Wallace St.
  • Schools2 Preschool Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1965
2,789 sqft
$97/sqft
Garage

About this House

Step into this stunning quad-level home, where modern updates meet timeless design. Boasting 5 generous bedrooms and 3 beautifully appointed bathrooms, this home provides ample space for family living and entertaining. The completely updated kitchen is a chef's dream, featuring new stainless steel appliances and a large island that seamlessly opens to the dining room, perfect for all gatherings. Enjoy the comfort of 3 separate living rooms! The upper floor hosts a spacious primary suite with a walk-in closet. The main living area is bathed in natural light, thanks to the large bay windows. Recent updates include: new furnaces and new AC units, new roof, new vinyl siding, new floors, new patio sliding door and new windows- ensuring year-round comfort and efficiency. This home is the perfect blend of style, space, and modern convenience don't miss out!
1040 Wallace St, Gary, IN 46404 is a 5 bedroom, 3 bathroom, 2,789 sqft single-family home in Ambrige Mann, built in 1965. It last sold for $250,000 on Aug 26, 2024 (2% above the $245,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $271,200, with a rent estimate of $2,699/month.
Last check for updates: about 2 hours ago
Listed by Vanessa Daley
Listing Leaders, (219) 462-5478
Bought with: Rashonda Frazier, @properties/Christie's Intl RE, (219) 440-0070
Source: NIRA as distributed by MLS GRID, MLS#807854

Home Details for 1040 Wallace St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Finished,Sump Pump,OtherNumber of Rooms: 10Types of Rooms: Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bonus Room, Kitchen, Living Room, Other
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 3Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 1Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 2789 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Microwave, RefrigeratorDishwasherLaundry: In BasementMicrowaveRefrigerator
Heating & Cooling
Heating: Forced AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Levels: One
View
Has a ViewView: Other

Exterior Features

Exterior Home Features
Patio / Porch: Front PorchFencing: Chain LinkExterior: Other
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1Has a GarageNo Attached GarageParking Spaces: 1Parking: Other
Pool
Pool: None
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1844

Property Information

Year Built
Year Built: 1965
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: HouseArchitecture: Other
Building
Not a New ConstructionNot Attached Property
Property Information
Condition: Updated/RemodeledParcel Number: 450807207021.000004

Price & Status

Price
List Price: $245,000

Location

Direction & Address
City: GaryCommunity: Gary Home & Imp Cos

Building

Building Area
Building Area: 2789 Square Feet

Community

Not Senior Community

HOA

No HOA

Lot Information

Lot Area: 9365.4 sqft

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Conventional, VA Loan, Other, FHA

Miscellaneous

BasementMls Number: 807854Above Grade Unfinished Area: 1844

Price and Tax history

DateEventPrice
Aug 26, 2024
Source: NIRA as distributed by MLS GRID #807854
Sold
$250,000
Aug 2, 2024
Source: NIRA as distributed by MLS GRID #807854
Contingent
$245,000
Aug 1, 2024
Source: NIRA as distributed by MLS GRID #807854
Listed For Sale
$245,000
Apr 18, 2024
Source: NIRA as distributed by MLS GRID #801094
Sold
$65,000
Mar 21, 2024
Source: NIRA as distributed by MLS GRID #801094
Listed For Sale
$80,000

Market trends in Gary

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$136K
$2.18KMoM
Sale-to-List Price
98.6%
0.3%MoM
Price per sq ft
$98
$1MoM
Available listings
303
47MoM

Around this home

Neighborhood Overview

Ambrige Mann
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Ambrige Mann

At least 83 Trulia users voted on each feature.

  • 92 % Say car is needed

  • 86 % Say there are sidewalks

  • 83 % Say yards are well-kept

  • 75 % Say parking is easy

  • 64 % Say there's holiday spirit

  • 56 % Say kids play outside

  • 54 % Say streets are well-lit

  • 54 % Say neighbors are friendly

  • 53 % Say it's dog friendly

  • 51 % Say there's wildlife

  • 50 % Say it's quiet

  • 50 % Say they plan to stay for at least 5 years

  • 37 % Say it's walkable to restaurants

  • 36 % Say it's walkable to grocery stores

  • 31 % Say people would walk alone at night

  • 23 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Lj Easter
    "I think it could be a nice place to live if more people cared about where they live and the public "
    4
    Flag
  • Qrcz2hwr7f
    "I can see a looks of improvement in the area. No1 area can be trust . There are crazy’s everywhere 👍🏾"
    0
    Flag
  • Trulia User
    "Nothing to add it’s actually a great place for animals and not far from open fields to let them be free if you have active dogs "
    1
    Flag
  • Trulia User
    "It’s a friendly environment and I recommend it to families with children and pets. I’ve lived there since the age of 7."
    0
    Flag
  • Trulia User
    "Christmas events around Holiday time. When the kids are happy and smiling and everyone is feeling good."
    0
    Flag
  • Marethia B.
    "I know this neighborhood, because over the years, I had family members, relatives. and friends that reside in this area. I also lived close by on 4th & Pierce, where I frequently would take the skyway to and from work. The neighborhoods in the area, was mostly quiet, and peaceful, everyone then kept their yards, nice and clean. I believe this will be a nice area for me to live. Thank you."
    17
    Flag
  • Trulia User
    "this is a great neighborhood to raise children and most people care about their property and community."
    0
    Flag
  • D2KEV1
    "Nice neighborhood! Low crime! family oriented! Decent parking! Yards well kept! Close to hospital, restaurants and gas stations!"
    1
    Flag
  • Gregbrownministries
    "Dogs are welcome in this neighborhood Neighbors are friendly we even exchange phone numbers for emergency purposes"
    0
    Flag
  • Gregbrownministries
    " Nice friendly family oriented community. While I have seen one wild animal in my neighborhood it is a rare occurrence."
    3
    Flag
  • Keyona N.
    "Neighborhood is safe and quiet. The are is well kept and everyone is friendly. The area is accessible to fast food and close to a university "
    0
    Flag
  • Gregbrownministries
    "I see people walking their dogs daily most people I see are friendly and I always say hello upon passing"
    1
    Flag
  • Gregbrownministries
    "We share life events and holidays together from time to time We also share each other‘s home cook meals from time to time"
    3
    Flag
  • Gregbrownministries
    "I see people walking their dogs all the time dogs are welcome neighbors look out for one another we share telephone numbers coming home"
    0
    Flag
  • Pdmfounder
    "Events held by The West Side Theatre Guild such as Lyrics and other plays they put on every year. They are the highlight and the drawing card for the city of Gary for most of the year. The RailCats baseball team is probably the second biggest attraction."
    2
    Flag
  • bootstraps11
    "The crime rate in Gary is one of the highest in the entire country. Expect multiple break ins. "
    7
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-22 01:12:28 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information

Frequently asked questions about 1040 Wallace St

  • What is 1040 Wallace St estimated to be worth?
    Trulia's estimated value for 1040 Wallace St in Gary, IN is $271,200.
  • What is the price history for 1040 Wallace St?
    1040 Wallace St in Gary, IN last sold for $250,000 in August 2024.
  • Is Gary a buyer's or seller's market?
    Gary is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Gary?
    The median sale price in Gary is $136K. That is down $2.18K from the prior month.
  • Does 1040 Wallace St have laundry facilities?
    Yes, 1040 Wallace St in Gary, IN has laundry facilities.
  • How big is the lot at 1040 Wallace St?
    The lot at 1040 Wallace St in Gary, IN is about 0.21 acres (9,365 sq ft).

Explore by feature - Pet Friendly

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Apartments for Rent

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Off Market Homes Near 1040 Wallace St

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