500-8 E 48th Pl, Gary, IN 46409
OFF MARKET

$83,500

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 962 sqft

500-8 E 48th Pl, Gary, IN 46409

University Park
Est. Refi. Payment $572/mo*
Refinance Your Home
Currently Off Market - Sold Jan 16, 2014 for $300

Home Value

Trulia Estimate
$83.5K
Since last month
Decreased$2K (-2.5%)
Since last year
Decreased$4K (-3.9%)
Since last sale
Increased$85K (+28,466.7%)
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 +310% in the last 10 years
MonthEstimated value
2026
August 2026$86K
July 2026$88K
June 2026$83K
May 2026$84K
April 2026$75K
March 2026$82K
February 2026$79K
January 2026$97K
2025
2024
2023
2022
2021
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
4929 Maryland St, Gary, IN
0.16
Single-Family Home
$500
07/02/26
3
1
580
4617 Maryland St, Gary, IN
0.22
Single-Family Home
$500
04/14/26
3
1
760
4614 Maryland St, Gary, IN
0.23
Single-Family Home
$500
01/14/26
2
1
750
5083 Carolina St, Gary, IN
0.37
Single-Family Home
$500
04/07/26
3
1
1,248
436 E 48th Ave, Gary, IN
0.06
Single-Family Home
$100,000
04/17/26
3
1
925
436 E 47th Pl, Gary, IN
0.11
Single-Family Home
$157,000
06/17/26
3
1
925
636 E 47th Pl, Gary, IN
0.14
Single-Family Home
$145,000
07/17/26
3
1
960
4821 Pennsylvania St, Gary, IN
0.12
Single-Family Home
$72,550
07/29/26
4
2
1,066
4767 Carolina St, Gary, IN
0.15
Single-Family Home
$1,899
01/13/26
2
1
1,248
825 E 44th Ave, Gary, IN
0.53
Single-Family Home
$1,000
01/14/26
4
2
1,432

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
419 E 48th Pl, Gary, IN 46409
0.05
$120,000
2
1
1,924
Recently Sold
4829 Maryland Pl, Gary, IN 46409
0.06
$140,300
3
1.5
1,036
Off Market
4854 Maryland Pl, Gary, IN 46409
0.07
$118,100
3
-
1,318
Off Market
500 E 48th Ave, Gary, IN 46409
0.05
-
3
1
1,296
Off Market
436 E 48th Ave, Gary, IN 46409
0.06
$100,000
3
1
925
Recently Sold
449 E 47th Pl, Gary, IN 46409
0.07
$145,900
4
1
1,188
Off Market
4822 Delaware St, Gary, IN 46409
0.09
$218,700
5
2.5
2,214
Off Market
413 E 47th Pl, Gary, IN 46409
0.09
$132,600
3
-
960
Off Market
436 E 47th Pl, Gary, IN 46409
0.11
$157,000
3
1
925
Recently Sold
709 E 48th Pl, Gary, IN 46409
0.12
$90,800
3
1
1,188
Off Market
429 E 49th Ave, Gary, IN 46409
0.14
$160,500
3
2
1,428
Off Market
437 E 47th Ave, Gary, IN 46409
0.12
$181,600
3
2
1,650
Off Market

Local Information

  • Map ViewExplore the area around 500-8 E 48th Pl.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1960
Living Area
962 sqft
Price/Sqft
$87

About this House

**Section 8 Friendly Landlord**
(We accept all forms of public aid for certain qualified homes)

AVAILABLE
 Contact us today to find out when we are showing this property!!

3 Bedroom and 1.5 Bathroom house for rent.
Features a Basement!!

500 East 48th Place Gary, IN 46409

It is only $725 a month!! Friendly and dependable landlord. Contact us today before it is too late!

For showing schedule questions call (219) 525-7444

For all other questions call the office at (219) 922-2229
500-8 E 48th Pl, Gary, IN 46409 is a 3 bedroom, 2 bathroom, 962 sqft single-family home in University Park, built in 1960. It last sold for $300 on Jan 16, 2014. More recently, it was listed as a rental in October 2017 with an asking price of $725 per month. That rental listing was removed on November 25, 2017. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $83,500, with a rent estimate of $1,498/month.

Home Details for 500-8 E 48th Pl

Interior Features

Interior Details
BasementNumber of Rooms: 6
Levels, Entrance, & Accessibility
Stories: 1
Appliances & Utilities
Washer
Heating & Cooling
Air ConditioningCooling System: Central

Exterior Features

Exterior Home Features
Roof: Asphalt

Property Information

Year Built
Year Built: 1960
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 8102 sqft

Price and Tax history

DateEventPrice
Nov 25, 2017
Source: Agent Provided
ListingRemoved
$725
Oct 6, 2017
Source: Agent Provided
Listed For Rent
$725
Jul 3, 2014
Source: Agent Provided
ListingRemoved
$775
Mar 31, 2014
Source: Agent Provided
Listed For Rent
$775
Jan 16, 2014
Source: N/A
Sold
$300

Market trends in Gary

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$139K
$14.26KMoM
Sale-to-List Price
98.9%
0.8%MoM
Price per sq ft
$97
$11MoM
Available listings
350
2MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

University Park
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about University Park

At least 109 Trulia users voted on each feature.

  • 90 % Say car is needed

  • 88 % Say yards are well-kept

  • 81 % Say there are sidewalks

  • 79 % Say parking is easy

  • 62 % Say there's holiday spirit

  • 57 % Say it's dog friendly

  • 57 % Say kids play outside

  • 53 % Say there's wildlife

  • 48 % Say they plan to stay for at least 5 years

  • 43 % Say neighbors are friendly

  • 43 % Say it's quiet

  • 28 % Say it's walkable to restaurants

  • 28 % Say streets are well-lit

  • 28 % Say there are community events

  • 25 % Say it's walkable to grocery stores

  • 22 % Say people would walk alone at night

Sourced by Trulia users. Learn more about our methodology.
  • Ryleasha Coleman
    "Nothing we don’t have any community events around here the you hear is sirens Loud music no kids playing "
    0
    Flag
  • Joci
    "I just moved here and already want to move back to another part of lake county that feels more safe and like home."
    21
    Flag
  • ernest d eskridge
    "The neighborhood is wonderful there is nothing bad about this neighborhood whatsoever so ever the people are friendly "
    3
    Flag
  • Trulia User
    "the abandoned homes make the neighborhood unique. I work in the area and meet interesting people. most people seem nice. "
    10
    Flag
  • Trulia User
    "Yes they would. Lots of parks and space for owners to walk their dogs. There is even a walking trail near by."
    1
    Flag
  • Trulia User
    "It’s quiet and peaceful. I love my neighbors and the sense of community. I would recommend this community to anyone looking for a good place to raise your family."
    26
    Flag
  • Trulia User
    "Neighborhood is still in depression state from years of families moving out and leaving their homes. But the area is on the up and up with neighbors taking pride in their land and beautifying their lands. I have been here two years and enjoy it."
    0
    Flag
  • Antoinette722
    "It is important that parents feel comfort moving into the home, your kids are safe, and it’s in the district of great area for children can play. "
    10
    Flag
  • Lynceta G.
    "there's none unless you create for your family and friends. Election years politicians seeking office holds events and community meetings. l like it to be none intrusive."
    5
    Flag
  • Monopoltizeent
    "Not a area that needs to be gentrified, we good with the way it is middle class urban community that dont want any change unless it benefits us that have lived here for years"
    7
    Flag
  • Tamera W.
    "There are new businesses opening. I see homes that need tax and they would have great potential for new home owners. Most homes are very well kept and the neighbors are friendly "
    8
    Flag
  • Emerson
    "It was ok. I think the neighbors didn't like me because i had two pit bull dogs, and one got out of the yard without my knowing. When i found out i retrieved him immediately, but i still sensed that the neighbors viewed me with disdain."
    108
    Flag
  • Brandy K.
    "Somewhat easy on the week day, and on the weekend easy breezy. Love the area but would like to be somewhere way different "
    6
    Flag
  • Cullen B.
    "Lived here 10 year and it’s not the worries and can stand to be a lot better but it’s not that bad either. "
    2
    Flag
  • Michaelmimssr95
    "nothing about this place is unique gary needs work it's every where to many abandoned house some places you rent from be having mold problems "
    4
    Flag
  • Michaelmimssr95
    "it's not gary needs alot of work to many abandoned houses and it need cleaning alot of trash every where you go and renting house of here is not good these landlord don't do nothing and it's to many schools closed down."
    2
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 500-8 E 48th Pl

  • What is 500-8 E 48th Pl estimated to be worth?
    Trulia's estimated value for 500-8 E 48th Pl in Gary, IN is $83,500.
  • What is the price history for 500-8 E 48th Pl?
    500-8 E 48th Pl in Gary, IN last sold for $300 in January 2014.
  • 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 $139K. That is up $14.26K from the prior month.
  • Does 500-8 E 48th Pl have air conditioning?
    Yes, 500-8 E 48th Pl in Gary, IN has air conditioning.
  • How big is the lot at 500-8 E 48th Pl?
    The lot at 500-8 E 48th Pl in Gary, IN is about 0.19 acres (8,102 sq ft).

Explore by feature - Pet Friendly

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