Seller's Agent in 2024
David Speckman
RE/MAX
(219) 746-3416
8 in this area
66 Total Sales
1111 Summer St Hammond, IN 46320
2
Beds
2
Baths
1,148
Sq Ft
6,098
Sq Ft Lot
Highlights
- City View
- No HOA
- 1-Story Property
- Wood Flooring
- Front Porch
- Forced Air Heating System
About This Home
As of October 2024The perfect addition to a portfolio or a great way to start your collection of properties. This 2 unit is practically maintenance free with it's all brick exterior and somewhat newer vinyl wrapped windows, front windows were just replaced. On top of that, the sloping membrane roof and gutters are less than a year old. All you have to do is keep the lawn mowed. East side tenant has been there for 11 years, $775 per month paid by section 8. Fridge and hot water heater both newer. West unit was just vacated and rehabbed. Freshly painted throughout and brand new hot water heater and fridge. Did I mention both units have full basements with exterior exits and hardwood flooring running throughout the main levels. Front steps were recently replaced and side entries dressed up. Furnaces in both units have been on a regular maintenance schedule. Tenants pay all utilitites and off street parking is available for both sides, another attractive feature for potential renters. Vacant unit rents for $850 a month give or take a little. Stop by soon, I don't think this will last long on the market.
Last Agent to Sell the Property
RE/MAX Realty Associates License #RB14020434 Listed on: 08/28/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,086
Year Built
- Built in 1929 | Remodeled
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 50x118
- Back Yard Fenced
Parking
- Off-Street Parking
Home Design
- Block Foundation
- Rubber Roof
Interior Spaces
- 1,148 Sq Ft Home
- 1-Story Property
- Aluminum Window Frames
- Wood Flooring
- City Views
- Basement
- Laundry in Basement
Kitchen
- Oven
- Gas Range
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Schools
- Hammond Central High School
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
Additional Features
- Front Porch
- Suburban Location
Listing and Financial Details
- Tenant pays for all utilities
- The owner pays for insurance, taxes
- Assessor Parcel Number 450331381032000023
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Units
- Helbergs Oak Ridge Addition Subdivision
Pet Policy
- No Pets Allowed
Building Details
- Insurance Expense $953
- New Taxes Expense $2,086
- Gross Income $9,300
- Net Operating Income $16,461
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 28, 2024
Closed on
Oct 1, 2024
Sold by
Cruz Angel L and Cruz Cynthia L
Bought by
Brabbs Nicole
Seller's Agent
David Speckman
RE/MAX Realty Associates
Buyer's Agent
Jennifer Vaught
@properties/Christie's Intl RE
List Price
$160,000
Sold Price
$165,000
Premium/Discount to List
$5,000
3.12%
Views
57
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,342
Avg. Annual Appreciation
3.92%
Original Mortgage
$156,750
Outstanding Balance
$155,102
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$16,240
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $156,750 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/01/2024 10/01/24 | Sold | $165,000 | +3.1% | $144 / Sq Ft |
| 09/04/2024 09/04/24 | Pending | -- | -- | -- |
| 08/28/2024 08/28/24 | For Sale | $160,000 | -- | $139 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
Tax History Compared to Growth
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 | $3,547 | $93,400 | $20,600 | $72,800 |
| 2023 | $1,993 | $74,200 | $21,800 | $52,400 |
| 2022 | $1,913 | $71,400 | $21,800 | $49,600 |
| 2021 | $1,168 | $43,100 | $8,700 | $34,400 |
| 2020 | $1,177 | $43,100 | $8,700 | $34,400 |
| 2019 | $909 | $29,500 | $10,700 | $18,800 |
| 2018 | $964 | $29,500 | $10,700 | $18,800 |
| 2017 | $1,098 | $29,500 | $10,700 | $18,800 |
| 2016 | $905 | $27,900 | $10,700 | $17,200 |
| 2014 | $849 | $27,100 | $10,600 | $16,500 |
| 2013 | $1,432 | $48,300 | $10,700 | $37,600 |
Source: Public Records
Agents Affiliated with this Home
-
David Speckman
-
Jennifer Vaught
Buyer's Agent in 2024
Jennifer Vaught
@ Properties
(219) 682-7402
4 in this area
16 Total Sales
-
Lisa Thompson
Buyer Co-Listing Agent in 2024
Lisa Thompson
@ Properties
(219) 617-5884
36 in this area
550 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: 809245
APN: 45-03-31-381-032.000-023
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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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