500 E 48th Ave, Gary, IN 46409
Property image
Property image
OFF MARKET

$130,000

Last sold price
  • 3 Beds
  • 1 Bath
  • 1,296 sqft

500 E 48th Ave, Gary, IN 46409

University Park
Currently Off Market - Sold Jun 17, 2024 for $130,000

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

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
436 E 48th Ave, Gary, IN
0.02
Single-Family Home
$100,000
04/17/26
3
1
925
436 E 47th Pl, Gary, IN
0.05
Single-Family Home
$157,000
06/17/26
3
1
925
636 E 47th Pl, Gary, IN
0.11
Single-Family Home
$145,000
07/17/26
3
1
960
419 E 48th Pl, Gary, IN
0.10
Single-Family Home
$120,000
06/18/26
2
1
1,924
631 E 46th Ave, Gary, IN
0.21
Single-Family Home
$79,000
11/18/25
3
1
1,120
4734 Massachusetts St, Gary, IN
0.27
Single-Family Home
$142,500
04/02/26
3
1
1,904
5043 Carolina St, Gary, IN
0.38
Single-Family Home
$140,000
04/03/26
3
1
1,100
4665 Carolina St, Gary, IN
0.17
Single-Family Home
$160,000
11/05/25
4
1
1,684
4766 Pennsylvania St, Gary, IN
0.15
Single-Family Home
$50,000
09/08/26
3
1
1,161
4701 Carolina St, Gary, IN
0.15
Single-Family Home
$180,000
09/08/26
3
2
1,392

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
449 E 47th Pl, Gary, IN 46409
0.02
$144,300
4
1
1,188
Off Market
436 E 48th Ave, Gary, IN 46409
0.02
$100,000
3
1
925
Recently Sold
413 E 47th Pl, Gary, IN 46409
0.05
$131,400
3
-
960
Off Market
436 E 47th Pl, Gary, IN 46409
0.05
$157,000
3
1
925
Recently Sold
437 E 47th Ave, Gary, IN 46409
0.07
$179,700
3
2
1,650
Off Market
425 E 47th Ave, Gary, IN 46409
0.07
$178,400
3
-
2,440
Off Market
419 E 48th Pl, Gary, IN 46409
0.10
$120,000
2
1
1,924
Recently Sold
636 E 47th Pl, Gary, IN 46409
0.11
$145,000
3
1
960
Recently Sold
4829 Maryland Pl, Gary, IN 46409
0.11
$138,900
3
1.5
1,036
Off Market
4690 Delaware St, Gary, IN 46409
0.12
-
2
1
551
Off Market
4822 Delaware St, Gary, IN 46409
0.12
$216,300
5
2.5
2,214
Off Market

Local Information

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

Home Highlights

Single-Family Home
Built in 1955
1,296 sqft
Open Parking

About this House

What's unique:Attached carport
Are you looking for an affordable LIKE NEW construction home? How about $2000 to help buy down that rate and make those payments EVEN less? Well, this is the home for YOU! This beautiful 3 bed 1 bath ranch home with attached carport is ready. With everything down to the foundation and studs brand new! Fresh concrete, wiring, plumbing, flooring. You name it! So, come on by and take a look TODAY!
500 E 48th Ave, Gary, IN 46409 is a 3 bedroom, 1 bathroom, 1,296 sqft single-family home in University Park, built in 1955. It last sold for the $130,000 asking price on Jun 17, 2024. This property is not currently displayed as for sale or rent on Trulia.
Last check for updates: about 2 hours ago
Listed by Jennifer Skippergosh
New Chapter Real Estate, (219) 227-8454
Bought with: Jennifer Skippergosh, New Chapter Real Estate, (219) 227-8454
Source: NIRA as distributed by MLS GRID, MLS#800387

Home Details for 500 E 48th Ave

Interior Features

Interior Details
Number of Rooms: 7Types of Rooms: Primary Bedroom, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1296 Square Feet
Appliances & Utilities
Utilities: Cable Available, Phone Available, Water Available, Sewer Available, Natural Gas Available, Electricity AvailableAppliances: Dishwasher, Microwave, RefrigeratorDishwasherLaundry: Gas Dryer Hookup,Washer HookupMicrowaveRefrigerator
Heating & Cooling
Heating: Has Heating Unspecified TypeHas HeatingHeating Fuel: Has Heating Unspecified Type
Fireplace & Spa
No Fireplace
Windows, Doors, Floors & Walls
Window: Double Pane Windows
Levels, Entrance, & Accessibility
Levels: One
View
Has a ViewView: Neighborhood
Security
Security: Security System Leased

Exterior Features

Exterior Home Features
Fencing: Back YardExterior: None
Parking & Garage
Has a CarportNo GarageHas Open ParkingParking: Attached Carport,Concrete,Driveway,Carport
Pool
Pool: None
Frontage
Road Surface Type: Concrete
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1296

Property Information

Year Built
Year Built: 1955
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: HouseArchitecture: Ranch
Building
Not a New ConstructionNot Attached Property
Property Information
Condition: Updated/RemodeledParcel Number: 450834177021.000004

Price & Status

Price
List Price: $130,000

Active Status

MLS Status: Closed

Location

Direction & Address
City: GaryCommunity: Georgetown Add
School Information
High School District: Gary

Building

Building Area
Building Area: 1296 Square Feet

Community

Not Senior Community

HOA

No HOA

Lot Information

Lot Area: 5706.36 sqft

Offer

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

Miscellaneous

Mls Number: 800387Above Grade Unfinished Area: 1296

Price and Tax history

DateEventPrice
Jun 17, 2024
Source: NIRA as distributed by MLS GRID #800387
Sold
$130,000
May 7, 2024
Source: NIRA as distributed by MLS GRID #800387
PriceChange
$130,000
Price decreased by 2%
Apr 15, 2024
Source: NIRA as distributed by MLS GRID #800387
PriceChange
$132,000
Price decreased by 2%
Mar 30, 2024
Source: NIRA as distributed by MLS GRID #800387
PriceChange
$135,000
Price decreased by 2%
Mar 29, 2024
Source: NIRA as distributed by MLS GRID #800387
Listed For Sale
$137,500

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

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

Based on information submitted to the MLS GRID as of 2026-09-24 13:07:40 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 500 E 48th Ave

  • What is the price history for 500 E 48th Ave?
    500 E 48th Ave in Gary, IN last sold for $130,000 in June 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.
  • What do residents say about the University Park neighborhood?
    Residents describe the University Park neighborhood in Gary, IN as well-kept, pedestrian-friendly, and easy to park in. See recently sold homes in University Park, Gary.
  • Does 500 E 48th Ave have laundry facilities?
    Yes, 500 E 48th Ave in Gary, IN has laundry facilities.
  • Does 500 E 48th Ave have a yard?
    Yes, 500 E 48th Ave in Gary, IN has a yard.

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