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3740 W 48th Pl, Gary, IN, 46408

2beds
1baths
932sqft
$149,900
$161price/sqft
$1,356/moest. monthly cost
$54,240/yrincome needed

About This Home

Charm abounds in the adorable ranch home in Calumet Township. Convenient location makes this home a must see. The home features refinished hardwood floors in the bright and cheery living room and the two bedrooms. There are built-in shelves and drawers. The kitchen features updated cabinets, quartz countertops and newer appliances. The laundry room is right off of the kitchen. The garage is huge and offers lots of options for storage. The bonus room can be used as a family room or just flex space to fit your needs. The unfinished basement offers additional storage. Mechanicals are all updated within the last few years.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

4/10
Lake Ridge Middle SchoolGrades 5-80.9 mi
3/10
Calumet High SchoolGrades 9-121.8 mi
2/10

Construction

Condition

  • Year built: 1938

Type & Style

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

Interior

Appliances

  • Appliances included: Range Hood,Refrigerator
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedroom2

  • Level: Main
  • Area: 120
  • Dimensions: 12.0 x 10.0

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Bonus Room

  • Level: Main
  • Area: 260
  • Dimensions: 26.0 x 10.0

Features

  • Ceiling Fan(s),Stone Counters,Eat-in Kitchen
  • Number of fireplaces: 1
  • Fireplace features: Electric
  • Fireplace: Yes
  • Finished area above ground: 932

Heating

  • Heating features: Natural Gas

Interior Area

  • Total structure area: 932
  • Total interior livable area: 932 sqft

Kitchen

  • Level: Main
  • Area: 144
  • Dimensions: 12.0 x 12.0

Laundry

  • Level: Main
  • Area: 96
  • Dimensions: 12.0 x 8.0

Living Room

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

Primary Bedroom

  • Level: Main
  • Area: 120
  • Dimensions: 12.0 x 10.0

Property

Details

  • Parcel number: 450831255013000001
  • Special condition: None

Features

  • Levels: One
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 10,018 sqft
  • Features: Back Yard,Front Yard

Parking

  • Total spaces: 2.5
  • Parking features: Driveway,Garage Faces Front
  • Has garage: Yes
  • Attached garage spaces: 2.5
  • Covered spaces: 2.5
  • 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
  • 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 $757$9,084
Home Insurance *$161$1,932
Property Taxes $254$3,048
Electricity $184$2,212
Total$1,356$16,272
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$46,491/yr
40% on housing$40,680/yr
45% on housing$36,160/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

$161This listing

vs Other Active Listings

Avg $/sqft

ZIP 46408$52
Lake County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 46408$94
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
2026-07-24Listed for sale$149,900
2019-09-08Listing removed$1,100
2019-08-22Price change$1,100
2019-08-16Listed for rent$1,200
2019-07-12Sold$58,000
2019-06-26Pending sale$64,900
2019-06-14Price change$64,900
2019-04-03Price change$68,900
2019-02-27Listed for sale$69,900

For Sale by Agent

AgentRebecca Olson
BrokerageListing Leaders Affiliated

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