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263 Taft St, Gary, IN, 46404

2beds
2baths
1,360sqft
$160,000
$118price/sqft
$1,388/moest. monthly cost
$55,520/yrincome needed

About This Home

Welcome to this well-maintained ranch home offering space, functionality, and a convenient location! The main level features two comfortable bedrooms, a full bath, a spacious family room, and a combined kitchen and dining area that creates an easy flow for everyday living and entertaining. The finished basement adds valuable extra space with two additional rooms, perfect for a home office, guest space, or hobby area, along with a second bathroom and dedicated laundry area. Step outside to enjoy a fully fenced backyard, ideal for pets, gatherings, or relaxing evenings, complete with a 2-car garage for added convenience and storage. Located just minutes from Methodist Hospital, major expressways, and the scenic Gary Green Link Trail Trailhead, this home offers both accessibility and outdoor enjoyment. A great opportunity to own a home that blends comfort, versatility, and location, schedule your showing today!

Getting Around

29
WalkingCar-Dependent
0
TransitVery Limited Transit
40
BikeSomewhat Bikeable

Schools

4/10
4/10
1/10

Construction

Condition

  • Year built: 1941

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Washer,Range Hood,Electric Range
  • Laundry features: Electric Dryer Hookup,Washer Hookup,Lower Level

Basement

  • Has basement: Yes
  • Basement: Finished,Interior Entry

Bedroom2

  • Area: 90
  • Dimensions: 10.0 x 9.0

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1

Bonus Room

  • Area: 130
  • Dimensions: 10.0 x 13.0

Bonus Room

  • Area: 90
  • Dimensions: 10.0 x 9.0

Dining Room

  • Area: 182
  • Dimensions: 13.0 x 14.0

Family Room

  • Area: 187
  • Dimensions: 17.0 x 11.0

Features

  • Stone Counters
  • Finished area above ground: 720

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total structure area: 1,360
  • Total interior livable area: 1,360 sqft

Kitchen

  • Area: 154
  • Dimensions: 11.0 x 14.0

Laundry

  • Area: 70
  • Dimensions: 10.0 x 7.0

Primary Bedroom

  • Area: 110
  • Dimensions: 11.0 x 10.0

Property

Details

  • Parcel number: 450805205012000004
  • Special condition: None

Features

  • Levels: One
  • Pool features: None
  • Patio & porch: Deck
  • Exterior features: Private Yard
  • Fencing: Back Yard,Fenced,Chain Link
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 5,662 sqft
  • Features: Back Yard,Rectangular Lot,Landscaped

Parking

  • Total spaces: 2
  • Parking features: Garage Faces Rear,On Street
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
Winter Weather
Tsunami

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $809$9,708
Home Insurance *$225$2,700
Property Taxes $170$2,040
Electricity $184$2,212
Total$1,388$16,656
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$47,588/yr
40% on housing$41,640/yr
45% on housing$37,013/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.6%
9.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$118This listing

vs Other Active Listings

Avg $/sqft

ZIP 46404$63
Lake County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 46404$76
Lake County$150

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-20Listed for sale$163,500
2023-04-14Sold$17,777

For Sale by Agent

AgentElizabeth Velazquez
BrokerageMcColly Real Estate

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