The subject property is a 2-bed, 1-bath, 720 sqft single-family home in Gary, IN. Recent comps show a very wide range of sale prices for similar homes: distressed/low-end sales cluster between $500–$30,000, but well-renovated properties within a few miles have sold for $45,000–$95,000, and select outliers in nearby communities achieve $125,000+. Median values in Gary hover around $65,000–$85,000. The property closed for $78,000 in November 2024, which aligns with the upper end of local, move-in-ready comps. Days to close for comparable sales generally range from 30–60 days, with some higher-value homes closing slightly faster, especially if newly renovated or marketed aggressively.
For optimal sale potential, position the property near the $70,000–$80,000 mark unless substantial upgrades have been made since the last sale. Highlight recent improvements, emphasize move-in readiness, and market to investors and first-time buyers seeking affordable entry points. Pre-sale improvements (paint, minor fixtures) can boost appeal. If the property is tenant-occupied, a lease in place at $1,400/mo may appeal to investors. Expect a typical time-to-close of 45–60 days. To reduce time-to-close, price competitively and stage for showings.