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555 Taft Pl, Gary, IN, 46404

2beds
2baths
1,532sqft
$188,000
$123price/sqft
$1,745/moest. monthly cost
$69,800/yrincome needed

About This Home

555 Taft Place is a newly remodeled all brick home located in the historic Horace Mann area of Gary. The main level has an open concept layout that seamlessly combines the kitchen, dining and living room areas. The impressive kitchen is bright and airy with beautiful back splash wall tile and flooring, quartz counter tops, and is complete with stainless steel appliances. The charming dining area has plenty of natural light as well as recessed lighting on the main level. Also, on the main level are newly refinished hardwood floors throughout. There are 2 bedrooms and a sunroom that blends indoor comfort with outdoor beauty as it has lots of windows emitting in natural sunlight. The sunroom is perfect for morning coffee, evening relaxation or for hosting guests. The two full bathrooms, one on the main level and one in the basement have Italian inspired polished wall tile. There is a finished basement with new carpeting, a large laundry room, a full bathroom with a shower, and a potentially 3rd bedroom with a walk-in closet and storage space. Garage and fenced in backyard. This home is ideally located near major expressways for an easy commute West to Chicago or East to Michigan. It is near Hard Rock Casino, minutes to Miller Beach and Lake Etta and Bella Boos Play and Discovery Center. Meticulously finished, this is a MUST SEE! Please leave the 2 bedroom lights on and dim the living Room lights. Thank you. Home back on market, NO FAULT OF SELLER!!

Getting Around

34
WalkingCar-Dependent
0
TransitVery Limited Transit
41
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: Stainless Steel Appliance(s),Refrigerator,Gas Water Heater
  • Laundry features: Gas Dryer Hookup,Washer Hookup,Sink,Laundry Room

Basement

  • Has basement: Yes
  • Basement: Finished

Bedroom2

  • Level: Main
  • Area: 121
  • Dimensions: 11.0 x 11.0

Bedroom3

  • Level: Basement
  • Area: 108
  • Dimensions: 12.0 x 9.0

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: Main
  • Area: 210
  • Dimensions: 21.0 x 10.0

Family Room

  • Level: Basement
  • Area: 391
  • Dimensions: 23.0 x 17.0

Features

  • Ceiling Fan(s),Recessed Lighting,Other,Entrance Foyer
  • Window features: Aluminum Frames,Insulated Windows
  • Finished area above ground: 1,016

Heating

  • Heating features: Forced Air,Natural Gas,Hot Water

Interior Area

  • Total structure area: 1,532
  • Total interior livable area: 1,532 sqft

Living Room

  • Level: Main
  • Area: 221
  • Dimensions: 17.0 x 13.0

Primary Bedroom

  • Level: Main
  • Area: 130
  • Dimensions: 13.0 x 10.0

Sunroom

  • Level: Main
  • Area: 126
  • Dimensions: 14.0 x 9.0

Utility Room

  • Level: Basement
  • Area: 255
  • Dimensions: 17.0 x 15.0

Property

Accessibility

  • Accessibility features: Accessible Bedroom,Accessible Full Bath,Accessible Doors

Details

  • Parcel number: 450805335009000004
  • Zoning description: residential
  • Special condition: None

Features

  • Levels: One
  • Pool features: None
  • Patio & porch: Covered,Front Porch
  • Exterior features: Private Yard,Rain Gutters
  • Fencing: Chain Link
  • Has view: Yes
  • View description: City,Trees/Woods,Neighborhood

Lot

  • Lot size: 4,791 sqft
  • Features: Back Yard,Landscaped,Front Yard,Few Trees

Parking

  • Total spaces: 1
  • Parking features: Detached,On Street,Garage Faces Rear,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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 $950$11,400
Home Insurance *$264$3,168
Property Taxes $347$4,164
Electricity $184$2,212
Total$1,745$20,940
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$59,828/yr
40% on housing$52,350/yr
45% on housing$46,533/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

$123This 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
2026-08-11Listed for sale$188,000
2026-08-04Pending sale$188,000
2026-07-14Listed for sale$188,000
2019-12-03Listing removed$925
2019-09-02Listed for rent$925
2016-02-05Sold$15,300
2015-04-09Listing removed$60,000
2014-08-19Listed for sale$60,000

For Sale by Agent

AgentAva Ligon
BrokerageMcColly Real Estate

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