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9409 W 77th Ave, Schererville, IN, 46375

2beds
2baths
1,116sqft
$315,000
$282price/sqft
$2,279/moest. monthly cost
$91,160/yrincome needed

About This Home

Rare opportunity to own 4.817 acres in the heart of Schererville, offering the perfect combination of country living with the convenience of town amenities. This unique property includes an existing 2-bedroom home with current rental income and is being sold AS-IS. Whether you're looking to build your dream estate, invest, or explore future development opportunities, this property offers exceptional potential. Buyers may investigate the possibility of subdividing the property or applying for village variances, including the addition of a pole barn, subject to Town of Schererville approval. City water and sewer are available. Conveniently located near parks, walking and biking trails, shopping, restaurants, and entertainment, this property is also served by the highly regarded Lake Central School District, including Watson Elementary School, Grimmer Middle School, and Lake Central High School. Enjoy nearby recreation at Peter G. Redar Memorial Park and Rohrman Park, plus excellent shopping and dining at Shops on Main, Town Square Shopping Center, and Crossroads Shopping Center. An exceptional opportunity to own nearly five acres in one of Northwest Indiana's most desirable communities.

Getting Around

29
WalkingCar-Dependent
0
TransitVery Limited Transit
35
BikeSomewhat Bikeable

Schools

8/10
9/10
Lake Central High SchoolGrades 9-121.5 mi

Construction

Condition

  • Property condition: Fixer
  • Year built: 1938

Type & Style

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

Interior

Appliances

  • Appliances included: Range,Water Softener Owned
  • Laundry features: Gas Dryer Hookup,Washer Hookup

Bedroom2

  • Level: Main
  • Area: 168
  • Dimensions: 12.0 x 14.0

Bedrooms & Bathrooms

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

Bonus Room

  • Level: Main
  • Area: 156
  • Dimensions: 12.0 x 13.0

Dining Room

  • Level: Main
  • Area: 252
  • Dimensions: 18.0 x 14.0

Features

  • Open Floorplan
  • Finished area above ground: 1,116

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 1,116
  • Total interior livable area: 1,116 sqft

Kitchen

  • Level: Main
  • Area: 144
  • Dimensions: 16.0 x 9.0

Laundry

  • Level: Main
  • Area: 60
  • Dimensions: 12.0 x 5.0

Living Room

  • Level: Main
  • Area: 252
  • Dimensions: 18.0 x 14.0

Primary Bedroom

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

Property

Details

  • Parcel number: 451122101009000036
  • Zoning description: residential
  • Special condition: None

Features

  • Levels: One
  • Has view: Yes
  • View description: Trees/Woods

Lot

  • Lot size: 4.82 Acres
  • Features: Back Yard

Parking

  • Total spaces: 2
  • Parking features: Additional Parking,Driveway
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

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
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
Inland Flooding
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 $1,592$19,104
Home Insurance *$115$1,380
Property Taxes $388$4,656
Electricity $184$2,212
Total$2,279$27,348
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$78,137/yr
40% on housing$68,370/yr
45% on housing$60,773/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

$282This listing

vs Other Active Listings

Avg $/sqft

ZIP 46375$155
Lake County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 46375$165
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
2026-07-07Listed for sale$315,000
2022-08-25Listing removed--
2022-06-27Listed for rent$2,100
2022-06-18Listing removed--
2022-05-07Listed for rent$2,500
2021-07-20Sold$175,000
2021-07-01Contingent$199,000
2021-05-16Listed for sale$199,000
2021-03-23Listing removed--
2020-09-03Listed for sale$199,000
2020-07-20Listing removed$199,000
2020-04-17Listed for sale$199,000
2018-05-18Listing removed$199,000
2018-02-07Price change$199,000
2018-01-16Price change$205,000
2017-11-01Price change$215,000
2017-08-15Price change$219,000
2017-07-27Price change$224,900
2017-06-26Price change$235,000
2017-05-23Listed for sale$249,900
2009-09-08Listing removed$225,000
2009-08-21Listed for sale$225,000
2005-11-21Sold$199,900

For Sale by Agent

AgentCarol O'Malley
BrokerageHomeSmart Realty Group

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