NOT LISTED FOR SALE

1201 W 37th Place Hobart, IN 46342

New Chicago Neighborhood

Estimated Value: $226,770 - $245,000

4 Beds
2 Baths
1,769 Sq Ft
$132/Sq Ft Est. Value

Last Sold November 18, 2016

Last sale price $100,000 $57 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $1,531/month

278 Days on Market

Highlights

  • Deck
  • Patio
  • Outdoor Storage
  • Detached Garage
  • Tile Flooring

About This Home

As of November 2016

Excellent Investor Opportunity! Well maintained side by side duplex on a large lot with an additional detached 27ft x 27ft garage with upper level storage. All units currently leased and and property is priced to move. Both units have approximately 885 square feet of living space, central air, separate water heaters, and 100 amp services. Newer windows and electrical system. The furnace, with zone control in each unit, was replaced March 2014. Lower level offers common area additional storage and laundry. Appliances are included. Solid rental history. Seller motivated. Call for your private showing.

Last Listed By

Nadine Philips

Coldwell Banker Real Estate Gr License #RB14039106 Listed on: 02/05/2016

Coldwell Banker Real Estate Gr

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,544

Year Built

  • Built in 1953

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 127 x 89

Interior Spaces

  • 1,769 Sq Ft Home
  • Elevator
  • Basement

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Detached Garage
  • Garage Door Opener
  • Off-Street Parking

Outdoor Features

  • Deck
  • Patio
  • Outdoor Storage

Listing and Financial Details

  • Total Actual Rent $14,400
  • Tenant pays for electricity, gas, sewer, water
  • Assessor Parcel Number 450930103011000018

Community Details

Overview

  • 2 Units
  • Cressmoor Second Subdivision

Building Details

  • Insurance Expense $700
  • New Taxes Expense $2,127
  • Net Operating Income $8,573

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,544

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1953
  • Road Surface Type: Gravel
  • Co List Office Mls Id: NRA166
  • Subdivision Name: Cressmoor Second Subdivision
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement: Crawl Space, Full, Sump Pump
  • Flooring: Carpet, Luxury Vinyl, Tile
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Storage
  • Acres: 0.259
  • Construction Type: Other
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Parking Features: Detached, Garage Door Opener, Off Street

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available
  • Water Source: Public

Schools

  • Junior High Dist: Hobart

Lot Info

  • Lot Dimensions: 127 x 89
  • Lot Size Sq Ft: 11282
  • Parcel #: 450930103011000018

Rental Info

  • Lease Term: Month To Month
  • Tenant Pays: Electricity, Gas, Sewer, Water
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 700
  • Total Actual Rent: 14400

Tax Info

  • New Taxes Expense: 2127

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2016
Closed on
Nov 18, 2016
Sold by
Faught Dana L
Bought by
Edwards Zachary H
Seller's Agent
Nadine Philips
Coldwell Banker Real Estate Gr
Buyer's Agent
Amelia Lara
Listing Leaders
List Price
$100,000
Sold Price
$100,000
Total Days on Market
278
Current Estimated Value
$233,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,923
Avg. Annual Appreciation
10.55%
Original Mortgage
$80,000
Outstanding Balance
$40,636
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$193,287

Purchase Details

Closed on
Feb 12, 2009
Sold by
Kingery Sylvia and Faught Dana L
Bought by
Faught Dana L

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
Edwards Zachary H -- Chicago Title Insurance Co
Faught Dana L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edwards Zachary H $80,000
Previous Owner Faught Dana L $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2016 11/18/16 Sold $100,000 0.0% $57 / Sq Ft
10/19/2016 10/19/16 Pending -- -- --
02/05/2016 02/05/16 For Sale $100,000 -- $57 / 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 $7,544 $176,800 $30,500 $146,300
2023 $3,051 $184,800 $30,500 $154,300
2022 $3,051 $175,200 $30,500 $144,700
2021 $2,453 $148,300 $23,100 $125,200
2020 $2,214 $139,600 $23,100 $116,500
2019 $2,227 $130,900 $23,100 $107,800
2018 $1,822 $121,400 $23,100 $98,300
2017 $1,812 $120,300 $23,100 $97,200
2016 $2,123 $141,200 $23,100 $118,100
2014 $2,127 $146,000 $23,100 $122,900
2013 $2,071 $143,500 $23,100 $120,400
Source: Public Records

Agents Affiliated with this Home

  • Nadine Philips

    Seller's Agent in 2016

    Nadine Philips

    Coldwell Banker Real Estate Gr

    (219) 508-7070

    71 Total Sales

    Nadine Philips
    Section Image

  • A

    Buyer's Agent in 2016

    Amelia Lara

    Listing Leaders

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 387504

Northwest Indiana Association of REALTORS®

APN: 45-09-30-103-011.000-018

Indiana Lake County Hobart 46342 New Chicago

1201 W 37th Place, Hobart, IN

Homes for Sale in Hobart, IN

This home is located at 1201 W 37th Place, Hobart, IN 46342 since 05 February 2016 and is currently estimated at $233,923, approximately $132 per square foot. This property was built in 1953. 1201 W 37th Place is a home located in Lake County with nearby schools including Hobart High School and Hobart Baptist 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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