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$325,000 Just Listed
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Property Description
Discover the difference of a truly quality-built ranch in the heart of Lowell. This 3-bedroom, 2-bath home offers exceptional craftsmanship and storage that stands apart from today's production-built homes. From the moment you arrive, you'll be welcomed by the inviting covered front porch, perfect for relaxing mornings and evening conversations. Inside, you'll appreciate the fresh paint and flooring throughout plus the high-quality cabinetry, generous closet space (coat and linen closets), and a functional layout for everyday living. The primary suite boasts a beautifully updated en-suite bath with a modern curbless walk-in shower, creating a luxurious and accessible retreat. Downstairs, the finished basement provides incredible flexibility with a large recreation area, an oversized laundry and utility room complete with additional storage and folding table, plus a substantial bonus room with a closet that could serve a variety of needs. A future third bathroom is already stubbed in nearby, offering excellent expansion potential. An additional unfinished room provides even more storage or the opportunity to finish the space as your needs evolve. Step outside to enjoy the oversized back deck, ideal for entertaining, grilling, or simply taking in the peaceful surroundings. Nestled in a picturesque Lowell neighborhood with no HOA, this is the kind of home you'll be proud to call your own.
Full Property Details
Full Property Details for 509 Gatewood Dr
General
- Price: $325,000
- Taxes: $2,743 (2024)
- Status: Active
- Type: Single Family
- Source: GNIAR
- MLS ID: 845820
- Updated: 9/24/2026
- Added to Site: Today
Interior
- Number of Rooms: 9
- Interior Features: Ceiling Fan(s), Eat-in Kitchen
- Appliances: Dishwasher, Refrigerator, Microwave, Gas Water Heater, Gas Range
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- 3/4 Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Parking
- Garage Spaces: 2
- Parking Features: Garage Door Opener, Garage Faces Front, Driveway, Additional Parking
Location
- County: Lake
- Township: Cedar Creek
- Subdivision: Woodland Hills 3rd Add
- Driving Directions: From Rt 2 in Lowell, turn south on Joe Martin Road (between Family Express & Burger King). Travel to Gatewood Drive turning right. Follow Gatewood until it turns south again (left), house will be on the left.
Heating & Cooling
- Heating Type: Forced Air
Structural Information
- Square Feet: 2,063
- Year Built: 1970
Lot Features
- Lot Size (Acres): 0.2996
- Lot Size (Sq. Ft.): 13,050
- Lot Features: Back Yard, Rectangular Lot, Landscaped, Front Yard
Financial Considerations
- Tax Amount: $2,743
- Tax Year: 2024
- Terms: Cash, VA Loan, FHA, Conventional
Disclosures and Reports
- Legal Description: WOODLAND HILLS 3RD ADD. LOT 46 2000-064045
- Property ID: 451926427004000008
Listed by Langen Realty
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Schools
Schools serving 509 Gatewood Dr
School District:Tri-Creek School Corporation
| Name | Grades | Distance |
|---|---|---|
Three Creeks Elementary School 670 South Burr Street, Lowell, IN 46356 | K-5 | 0.6 mi |
Lowell Middle School, Lowell, IN 19250 Cline Avenue, Lowell, IN 46356 | 5-8 | 1.2 mi |
Lowell Senior High School, Lowell, IN 2051 East Commercial Avenue, Lowell, IN 46356 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 509 Gatewood Dr
Date
Details
Price
Change
Source
9/24/2026
Listed
$325,000
475.21%
MLS
1/28/2014
Sold
$56,501
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 509 Gatewood Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,681
—
$292,400
7%
2024
$2,681
-61%
$274,300
6%
2023
$6,884
185%
$259,700
7%
2022
$2,416
3%
$241,600
21%
2020
$2,352
23%
$199,500
5%
2019
$1,907
—
$189,100
5%
2019
$1,907
-4%
$180,900
4%
2018
$1,980
6%
$173,900
8%
2017
$1,862
—
$160,800
8%
2017
$1,862
21%
$149,500
1%
2016
$1,539
2%
$147,900
2%
2015
$1,512
-9%
$144,400
4%
2013
$1,654
-9%
$139,300
-4%
2012
$1,817
—
$145,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 509 Gatewood Dr
509 Gatewood Drive, Lowell, IN 46356 (MLS# 845820) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 509 Gatewood Drive is currently listed for $325,000 and was received on September 24, 2026. Want to learn more about 509 Gatewood Drive? Do you have questions about finding other Single Family real estate for sale in Lowell? You can browse all Lowell real estate or contact a Coldwell Banker agent to request more information.

