NOT LISTED FOR SALE

1600 E 34th Ave Hobart, IN 46342

Estimated Value: $349,649 - $377,000

5 Beds
4 Baths
2,904 Sq Ft
0.4 Acres

Last Sold August 30, 2024

Last sale price $345,000 $119 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,375/month

3 Days on Market

Highlights

  • 0.4 Acre Lot
  • No HOA
  • 1-Story Property
  • Corner Lot
  • Laundry Room
  • Forced Air Heating System

About This Home

As of August 2024

Brick Turnkey investment opportunity with an open unit for owner occupants. This 4 unit has been a money maker for the current owner. The property consists of a huge 2 bed unit and 3 one bed units. Each unit has W/D connections and is individually heated so residents both control and pay for their heat. Owner only pays water/sewer/garbage and that averages $250/month. Gross rents exceed $$44,000 annually and there's room for growth. This one is a no brainer.

Last Agent to Sell the Property

Adrien Chabot

Listing Leaders Prestige LLC License #RB17000988 Listed on: 08/15/2024

Listing Leaders Prestige LLC

Last Buyer's Agent

Adrien Chabot

Listing Leaders Prestige LLC License #RB17000988 Listed on: 08/15/2024

Listing Leaders Prestige LLC

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1971

Lot Details

  • 0.4

Parking

  • Off-Street Parking

Interior Spaces

  • 2,904 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, hot water
  • The owner pays for insurance, taxes, water, trash collection, sewer
  • Rent includes sewer, water, trash collection
  • Assessor Parcel Number 45-09-20-328-003.000-020
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Insurance Expense $1,500
  • Trash Expense $105
  • Water Sewer Expense $75
  • Gross Income $44,400
  • Net Operating Income $31,300

Property Details

Home Type

Condominium

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1971
  • Reso Property Sub Type: Apartment
  • ResoLaundryFeatures: In Unit, Laundry Room
  • ResoLotFeatures: City Lot, Corner Lot
  • Co List Office Mls Id: NRA2063
  • Subdivision Name: na
  • Above Grade Finished Sq Ft: 2904
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • WaterExpense: 75.00
  • SewerExpense: 70.00
  • AuctionYN: No
  • AboveGradeUnfinishedArea: 0.00
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Range, Refrigerator
  • Interior Amenities: Eat-in Kitchen, Storage, Granite Counters
  • Flooring: Carpet, Luxury Vinyl, Laminate
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: None
  • Acres: 0.404
  • Waterfront: No
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Off Street, Shared Driveway, On Street

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: Sewer, Water, Trash Collection
  • Association: No

Fee Information

  • Trash Expense: 105

Lot Info

  • Lot Dimensions: 95x186
  • Lot Size Sq Ft: 17598
  • ResoLotSizeUnits: Square Feet
  • Additional Parcels: No
  • Parcel #: 45-09-20-328-003.000-020
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Electricity, Gas, Hot Water
  • Owner Pays: Insurance, Taxes, Water, Trash Collection, Sewer

Tax Info

  • Year: 2023
  • Tax Annual Amount: 10762

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 44400
  • Insurance Expense: 1500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2024
Closed on
Sep 19, 2024
Sold by
Preferred Homes Llc
Bought by
Medrans Investments Llc
Seller's Agent
Adrien Chabot
Listing Leaders Prestige LLC
Buyer's Agent
Adrien Chabot
Listing Leaders Prestige LLC
List Price
$349,950
Sold Price
$345,000
Premium/Discount to List
-$4,950
-1.41%
Views
20
Current Estimated Value
$363,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,325
Avg. Annual Appreciation
5.99%
Original Mortgage
$280,000
Outstanding Balance
$278,458
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$84,867

Purchase Details

Listed on
Aug 15, 2024
Closed on
Aug 29, 2024
Sold by
Grace Evan and Grace Loren Haley
Bought by
Preferred Homes Llc
Seller's Agent
Adrien Chabot
Listing Leaders Prestige LLC
Buyer's Agent
Adrien Chabot
Listing Leaders Prestige LLC
List Price
$349,950
Sold Price
$345,000
Premium/Discount to List
-$4,950
-1.41%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Outstanding Balance
$278,458
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$84,867

Purchase Details

Closed on
May 5, 2022
Sold by
Ivancevic and Snezana
Bought by
Grace Evan and Grace Haley Loren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,800
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 2012
Sold by
In Pact Inc
Bought by
Ivancevic Dragan and Ivancevic Snezana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,900
Interest Rate
3.38%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Medrans Investments Llc $425,000 Near North Title Group
Preferred Homes Llc $345,000 Greater Indiana Title Company
Grace Evan -- Chicago Title
Ivancevic Dragan -- Meridian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medrans Investments Llc $280,000
Previous Owner Grace Evan $307,800
Previous Owner Ivancevic Dragan $95,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2024 08/30/24 Sold $345,000 -1.4% $119 / Sq Ft
08/18/2024 08/18/24 Pending -- -- --
08/15/2024 08/15/24 For Sale $349,950 0.0% $121 / Sq Ft
06/21/2024 06/21/24 Rented $1,045 0.0% --
06/15/2024 06/15/24 Price Changed $1,045 -4.6% $2 / Sq Ft
06/03/2024 06/03/24 Price Changed $1,095 -4.8% $2 / Sq Ft
04/28/2024 04/28/24 Price Changed $1,150 -3.8% $2 / Sq Ft
04/02/2024 04/02/24 For Rent $1,195 -- --
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 $18,111 $343,600 $46,400 $297,200
2023 $5,442 $338,100 $46,400 $291,700
2022 $5,442 $170,600 $23,200 $147,400
2021 $5,085 $159,400 $23,200 $136,200
2020 $4,740 $153,400 $23,200 $130,200
2019 $5,009 $149,800 $23,200 $126,600
2018 $4,887 $145,000 $23,200 $121,800
2017 $4,909 $143,300 $23,200 $120,100
2016 $4,782 $137,400 $23,200 $114,200
2014 $3,737 $125,700 $23,200 $102,500
2013 $3,259 $100,700 $23,200 $77,500
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Adrien Chabot

    Listing Leaders Prestige LLC

    (219) 741-0366

    1 in this area

    87 Total Sales

    Adrien Chabot
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 808556

Northwest Indiana Association of REALTORS®

APN: 45-09-20-328-003.000-020

Indiana Lake County Hobart 46342

1600 E 34th Ave, Hobart, IN

This home is located at 1600 E 34th Ave, Hobart, IN 46342 since 15 August 2024 and is currently estimated at $363,325, approximately $125 per square foot. This property was built in 1971. 1600 E 34th Ave is a home located in Lake County with nearby schools including River Forest Jr-Sr 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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