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700 Ralston St, Gary, IN, 46406

4beds
2baths
2,250sqft
$205,000
$91price/sqft
$1,918/moest. monthly cost
$76,720/yrincome needed

About This Home

Come check out this beautifully renovated, all brick, 4 bedroom, 2 bathroom corner lot in the growing city of Gary. This property is not too far from the highway, making it a quick commute to get to any surrounding city. This home has nice hardwood floors throughout 3 different finished levels. Downstairs has a bathroom that will give an experience every time you step in it. Don't miss your chance to at least view it!!!

Getting Around

34
WalkingCar-Dependent
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

3/10
4/10
1/10

Construction

Condition

  • Year built: 1947

Type & Style

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

Interior

Appliances

  • Appliances included: Refrigerator,Microwave
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Finished,Full

Bedroom2

  • Area: 120
  • Dimensions: 12.0 x 10.0

Bedroom3

  • Area: 192
  • Dimensions: 16.0 x 12.0

Bedroom4

  • Area: 252
  • Dimensions: 18.0 x 14.0

Bedrooms & Bathrooms

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

Features

  • Ceiling Fan(s),Granite Counters,Eat-in Kitchen
  • Finished area above ground: 1,500

Heating

  • Heating features: Natural Gas,Forced Air

Interior Area

  • Total structure area: 2,250
  • Total interior livable area: 2,250 sqft

Kitchen

  • Area: 192
  • Dimensions: 16.0 x 12.0

Living Room

  • Area: 320
  • Dimensions: 20.0 x 16.0

Primary Bedroom

  • Area: 144
  • Dimensions: 12.0 x 12.0

Property

Details

  • Parcel number: 450701451011000004
  • Special condition: None

Features

  • Levels: Two
  • Patio & porch: Front Porch
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 6,229 sqft
  • Features: Back Yard,Rectangular Lot,Front Yard,Few Trees,Corner Lot

Parking

  • Parking features: Alley Access,Paved,On Street,Gravel,Driveway,Concrete
  • 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

  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Tornado
Cold Wave
Inland Flooding
Lightning
Strong Wind
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 $1,036$12,432
Home Insurance *$250$3,000
Property Taxes $426$5,112
Electricity $206$2,475
Total$1,918$23,016
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$65,760/yr
40% on housing$57,540/yr
45% on housing$51,146/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

$91This listing

vs Other Active Listings

Avg $/sqft

ZIP 46406$51
Lake County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 46406$90
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
2026-05-13Price change$210,000
2026-04-14Listed for sale$225,000
2022-09-19Sold$42,000
2013-08-10Listing removed$59,000
2013-06-20Listed for sale$59,000

For Sale by Agent

AgentTerry Taylor
BrokerageRealty Executives Premier

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