NOT LISTED FOR SALE

197 S Colorado St Hobart, IN 46342

Estimated Value: $175,000 - $203,000

3 Beds
1 Bath
1,007 Sq Ft
$186/Sq Ft Est. Value

Last Sold July 18, 2022

Last sale price $154,000 $153 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,207/month

22 Days on Market

Highlights

  • Ranch Style House
  • Living Room
  • Forced Air Heating System
  • Corner Lot
  • Bathroom on Main Level
  • Storage Shed

About This Home

As of July 2022

Rehabbed ranch on large corner lot! Trendy laminate flooring, white trim and doors, white kitchen cabinets, new appliances. Large bright living room with plenty of space for the whole family! Extra room in back could be sunroom, exercise, office, den, etc. Large utility/laundry room. Plenty of value here! Move in and unpack! Don't delay - come and see it!

Last Agent to Sell the Property

Karen Irace

RE/MAX 10 Schererville License #RB19001371 Listed on: 05/18/2022

RE/MAX 10 Schererville

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,632

Year Built

  • Built in 1952

Lot Details

  • 6,055 Sq Ft Lot
  • Lot Dimensions are 47 x 129
  • Corner Lot

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • 1,007 Sq Ft Home
  • Living Room
  • Portable Gas Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Washer

Outdoor Features

  • Storage Shed

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Hobart Lake Shore Sub Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 450931126013000018

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,632

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1952
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Corner Lot, Sidewalks
  • ResoOtherEquipment: None
  • Co List Office Mls Id: GNR1641
  • Subdivision Name: Hobart Lake Shore Sub
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Aluminum Siding,Brick
  • GNR_UnfinishedSquareFootage: 0
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: No
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: Yes
  • GNR_Well: No
  • GNR_TotalBathrooms: 1
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_RealEstateOwnedYN: false
  • GNR_SewerYN: true
  • GNR_ShortSaleYN: false
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Portable Gas Range, Refrigerator, Washer, Other
  • Interior Amenities: Main Floor Bathroom, Main Floor Bedroom, Main Floor Laundry
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Storage Shed
  • Acres: 0.139

Garage/Parking

  • Parking Features: None

Utilities

  • Utilities: On
  • Cooling Y N: No
  • Heating: Natural Gas

Lot Info

  • Lot Dimensions: 47 x 129
  • Lot Size Sq Ft: 6055
  • Parcel #: 450931126013000018

Tax Info

  • Year: 2020
  • Tax Annual Amount: 3632

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2022
Closed on
Jul 11, 2022
Sold by
Mph3 Llc
Bought by
Moore Katherine Grace
Seller's Agent
Karen Irace
RE/MAX 10 Schererville
List Price
$154,000
Sold Price
$154,000
Current Estimated Value
$187,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,173
Avg. Annual Appreciation
6.45%
Original Mortgage
$146,300
Outstanding Balance
$140,345
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$46,828

Purchase Details

Closed on
Apr 11, 2016
Sold by
Selene Finance Lp
Bought by
Mph3 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,432
Interest Rate
3.71%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 10, 2015
Sold by
Smith Gregory T and Smith Greg
Bought by
Selene Finance Lp
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
Moore Katherine Grace -- New Title Company Name
Mph3 Llc $44,850 None Available
Selene Finance Lp $54,600 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moore Katherine Grace $146,300
Previous Owner Mph3 Llc $43,432
Previous Owner Smith Gregory T $90,639
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2022 07/18/22 Sold $154,000 0.0% $153 / Sq Ft
06/09/2022 06/09/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $154,000 +17011.1% $153 / Sq Ft
10/18/2016 10/18/16 Sold $900 0.0% $1 / Sq Ft
10/17/2016 10/17/16 Pending -- -- --
06/23/2016 06/23/16 For Sale $900 -- $1 / 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 $6,181 $155,200 $28,000 $127,200
2023 $1,222 $151,400 $28,100 $123,300
2022 $1,222 $106,800 $22,000 $84,800
2021 $2,350 $96,200 $18,300 $77,900
2020 $2,305 $94,700 $18,300 $76,400
2019 $2,439 $91,100 $18,300 $72,800
2018 $2,483 $85,700 $18,300 $67,400
2017 $2,703 $84,200 $18,300 $65,900
2016 $2,587 $90,800 $18,300 $72,500
2014 $895 $93,800 $18,300 $75,500
2013 $916 $94,700 $18,300 $76,400
Source: Public Records

Agents Affiliated with this Home

  • Karen Irace

    Seller's Agent in 2022

    Karen Irace

    RE/MAX

    (708) 870-2406

    1 in this area

    159 Total Sales

    Karen Irace
    Section Image
  • Jeff McCormick

    Seller's Agent in 2016

    Jeff McCormick

    McCormick Real Estate, Inc.

    (219) 613-5643

    10 in this area

    718 Total Sales

    Jeff McCormick
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR512678

Northwest Indiana Association of REALTORS®

APN: 45-09-31-126-013.000-018

Indiana Lake County Hobart 46342

197 S Colorado St, Hobart, IN

This home is located at 197 S Colorado St, Hobart, IN 46342 since 18 May 2022 and is currently estimated at $187,173, approximately $185 per square foot. This property was built in 1952. 197 S Colorado St is a home located in Lake County with nearby schools including Hobart High School, Hobart Baptist School, and Trinity Lutheran School.

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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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