NOT LISTED FOR SALE

1050 Cherry St Hammond, IN 46324

Estimated Value: $160,000 - $245,000

2 Beds
2 Baths
2,050 Sq Ft
$101/Sq Ft Est. Value

Last Sold October 07, 2022

Last sale price $188,900 $92 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,267/month

Highlights

  • 2 Car Detached Garage
  • Laundry Facilities
  • Community Deck or Porch

About This Home

As of October 2022

Now is your chance to own this wonderful 2 Unit income property located in the heart of Hammond. This ranch style home currently comes with 1 Tenant in place and has 1 vacant unit which would make for a great owner occupied rental property. Both units offer a good sized living room up front, a small nook area off the galley style kitchen, a full bathroom in the hallway and lastly a huge Bedroom in the back of the home. Unit 1 is in really good shape and includes a finished basement with an additional Non-conforming bedroom along with the washer and dryer area and plenty of room for storage. Unit 2 is in need of some minor cosmetic touch-ups and can easily be ready after a weekend of some elbow grease. Unit 2 also includes an unfinished basement where the washer and dryer would be once rented out. Newer mechanicals in both units including some exterior repairs make this property a no-brainer at this price. Call today with any questions or to schedule a showing.

Last Agent to Sell the Property

Jim Samuelson

BHHS Executive Realty License #RB14037860 Listed on: 10/07/2022

BHHS Executive Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,866

Year Built

  • Built in 1949

Lot Details

  • 6,900 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • Side Driveway
  • Off-Street Parking

Home Design

  • 2,050 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 450707179010000023

Community Details

Overview

  • 2 Units
  • Richland Mdws Subdivision

Amenities

  • Community Deck or Porch
  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,866

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1949
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Deck/Patio, Laundry, Pets Allowed, Porch
  • Co List Office Mls Id: GNR368
  • Subdivision Name: Richland Mdws
  • GNR_TotalBathrooms: 2
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • GNR_RealEstateOwnedYN: false
  • GNR_ShortSaleYN: false
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Acres: 0.1584

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached, Off Street, Side Drive

Lot Info

  • Lot Size Sq Ft: 6900
  • Parcel #: 450707179010000023

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2022
Closed on
Oct 31, 2022
Sold by
Cmj Investments Llp
Bought by
Patricio Michael Anthony
Seller's Agent
Jim Samuelson
BHHS Executive Realty
List Price
$188,900
Sold Price
$188,900
Total Days on Market
0
Current Estimated Value
$195,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,812
Avg. Annual Appreciation
1.95%
Original Mortgage
$179,455
Outstanding Balance
$174,558
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$25,024

Purchase Details

Listed on
Sep 24, 2020
Closed on
Mar 10, 2021
Sold by
Goodwin Tarnowski Lori and Goodwin Lori F
Bought by
Cmj Investments Llp
Seller's Agent
Alexis Metcalf
Seramur Properties, LLC
List Price
$170,000
Sold Price
$170,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.90%
Original Mortgage
$136,000
Interest Rate
2.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Patricio Michael Anthony -- Liberty Title & Escrow
Cmj Investments Llp -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patricio Michael Anthony $179,455
Previous Owner Cmj Investments Llp $136,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2022 10/07/22 Sold $188,900 0.0% $92 / Sq Ft
10/07/2022 10/07/22 For Sale $188,900 +11.1% $92 / Sq Ft
03/10/2021 03/10/21 Sold $170,000 0.0% $83 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
09/24/2020 09/24/20 For Sale $170,000 -- $83 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,866 $204,300 $31,100 $173,200
2023 $4,556 $185,500 $31,100 $154,400
2022 $4,556 $170,000 $31,100 $138,900
2021 $4,155 $153,300 $24,000 $129,300
2020 $3,811 $139,600 $24,000 $115,600
2019 $3,841 $133,900 $24,000 $109,900
2018 $3,990 $126,800 $24,000 $102,800
2017 $4,021 $111,300 $24,000 $87,300
2016 $3,381 $108,200 $24,000 $84,200
2014 $3,449 $110,100 $24,000 $86,100
2013 $2,674 $90,200 $24,000 $66,200
Source: Public Records

Agents Affiliated with this Home

  • Jim Samuelson

    Seller's Agent in 2022

    Jim Samuelson

    BHHS Executive Realty

    (219) 746-5747

    7 in this area

    189 Total Sales

    Section Image
  • Alexis Metcalf

    Seller's Agent in 2021

    Alexis Metcalf

    Seramur Properties, LLC

    (773) 991-9690

    1 in this area

    117 Total Sales

    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR520613

Northwest Indiana Association of REALTORS®

APN: 45-07-07-179-010.000-023

Indiana Lake County Hammond 46324

1050 Cherry St, Hammond, IN

This home is located at 1050 Cherry St, Hammond, IN 46324 since 07 October 2022 and is currently estimated at $206,758, approximately $100 per square foot. This property was built in 1949. 1050 Cherry St is a home located in Lake County with nearby schools including Thomas Jefferson Elementary School, Charles N Scott Middle School, and Morton Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Indiana Association of REALTORS® Copyright 2025 MuItiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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