NOT LISTED FOR SALE

240 N Michigan Ave Hobart, IN 46342

Estimated Value: $171,000 - $247,449

2 Beds
1 Bath
1,277 Sq Ft
$176/Sq Ft Est. Value

Last Sold June 10, 2020

Last sale price $63,900 $50 Per Sq Ft

Est. 251% increase in value since last sale

Current estimated payment $1,401/month

70 Days on Market

Highlights

  • River Front
  • Ranch Style House
  • Formal Dining Room
  • 2.26 Acre Lot
  • Covered Patio or Porch
  • 2 Car Detached Garage

About This Home

As of June 2020

Ranch home with a detached garage on a 2 acre lot. This home has a river front lot. This property will require repairs. Since it was built prior to 1978 lead base paint may exist.VA vendee financing may be available. The buyer is responsible for city inspection fees, title, closing cost and all the fees that are associated with closing this transaction.

Last Agent to Sell the Property

Michael Campbell

Michael Campbell, Broker License #RB14030548 Listed on: 02/19/2020

Last Buyer's Agent

Carrie Adelman

Ginter Realty License #RB14038267

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,162

Year Built

  • Built in 1950

Lot Details

  • 2.26 Acre Lot
  • Lot Dimensions are 132 x 742
  • River Front
  • Paved or Partially Paved Lot
  • Level Lot

Parking

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

Home Design

  • Ranch Style House
  • Fixer Upper
  • Aluminum Siding

Interior Spaces

  • 1,277 Sq Ft Home
  • Living Room with Fireplace
  • Formal Dining Room
  • Natural lighting in basement

Bedrooms and Bathrooms

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

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Whole House Fan
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • No Utilities

Community Details

  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 450929328010000018

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,162

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1950
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Acreage, Nearly Level, Paved Road, River Front
  • ResoOtherEquipment: Whole House Fan
  • Co List Office Mls Id: GNR967
  • Subdivision Name: None
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Aluminum Siding
  • GNR_UnfinishedSquareFootage: 1277
  • 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_MiscFeatures: Fixer Upper
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: None
  • Interior Amenities: Formal Dining, FP Living/Great Room, Main Floor Bathroom, Main Floor Bedroom
  • Basement: Daylight
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplaces: 1

Exterior Features

  • Exterior Features: Porch-Covered
  • Acres: 2.255

Garage/Parking

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

Utilities

  • Utilities: Off
  • Cooling Y N: Yes
  • Heating: Natural Gas

Lot Info

  • Lot Dimensions: 132 X 742
  • Lot Size Sq Ft: 98228
  • ResoLotSizeUnits: Acres
  • Parcel #: 450929328010000018
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Year: 2019
  • Tax Annual Amount: 1162

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2025
Sold by
Soderquist Kristina and Asher Daniel
Bought by
Asher Daniel and Asher Kristina
Current Estimated Value
$224,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Outstanding Balance
$202,156
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$22,206

Purchase Details

Closed on
Nov 21, 2022
Sold by
Soderquist David A and Soderquist Kathleen A
Bought by
Asher Daniel and Soderquist Kristina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,596
Interest Rate
7%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 15, 2022
Sold by
Soderquist David A
Bought by
Asher Daniel and Soderquist Kristina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,596
Interest Rate
7%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 1, 2022
Sold by
Soderquist David A and Soderquist Kathleen A
Bought by
Soderquist David A and Soderquist Kathleen A

Purchase Details

Closed on
May 18, 2022
Sold by
Soderquist David A
Bought by
Soderquist David A and Soderquist Kathleen A

Purchase Details

Closed on
May 16, 2022
Sold by
Soderquist David A
Bought by
Soderquist David A and Soderquist Kathleen A

Purchase Details

Closed on
May 11, 2022
Sold by
Soderquist David A and Soderquist Kathleen A
Bought by
Soderquist David A and Soderquist Kathleen A

Purchase Details

Listed on
Feb 19, 2020
Closed on
May 4, 2020
Sold by
Secretary Of Veterans Affairs
Bought by
Soderquist David A and Soderquist Kathleen A
Seller's Agent
Michael Campbell
Michael Campbell, Broker
Buyer's Agent
Carrie Adelman
Ginter Realty
List Price
$63,900
Sold Price
$63,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.35%
Original Mortgage
$120,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2020
Sold by
Citizens Bank Na
Bought by
Secretary Of Veterans Affairs

Purchase Details

Closed on
Jan 10, 2020
Sold by
Herman Richard L
Bought by
Citizens Bank Na
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
Asher Daniel -- None Listed On Document
Asher Daniel -- Indiana Title
Asher Daniel -- Indiana Title
Soderquist David A -- Greater Indiana Title Company
Soderquist David A -- Greater Indiana Title Company
Soderquist David A -- Greater Indiana Title Company
Soderquist David A -- Greater Indiana Title Company
Soderquist David A -- None Available
Secretary Of Veterans Affairs -- None Available
Citizens Bank Na $98,303 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Asher Daniel $202,500
Previous Owner Asher Daniel $194,596
Previous Owner Asher Daniel $194,596
Previous Owner Soderquist David A $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2020 06/10/20 Sold $63,900 0.0% $50 / Sq Ft
04/29/2020 04/29/20 Pending -- -- --
02/19/2020 02/19/20 For Sale $63,900 -- $50 / 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 $8,916 $219,000 $46,300 $172,700
2023 $2,043 $218,400 $46,300 $172,100
2022 $2,043 $168,000 $46,300 $121,700
2021 $1,618 $63,800 $46,300 $17,500
2020 $1,663 $151,600 $46,300 $105,300
2019 $3,878 $147,400 $46,300 $101,100
2018 $1,334 $140,300 $46,300 $94,000
2017 $1,420 $144,000 $56,300 $87,700
2016 $1,311 $142,500 $56,300 $86,200
2014 $1,073 $137,600 $56,300 $81,300
2013 $1,033 $135,500 $56,300 $79,200
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Michael Campbell

    Michael Campbell, Broker

  • Carrie Adelman

    Buyer's Agent in 2020

    Carrie Adelman

    Ginter Realty

    (219) 973-1842

    150 in this area

    237 Total Sales

    Carrie Adelman
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR470180

Northwest Indiana Association of REALTORS®

APN: 45-09-29-328-010.000-018

Indiana Lake County Hobart 46342

240 N Michigan Ave, Hobart, IN

This home is located at 240 N Michigan Ave, Hobart, IN 46342 since 19 February 2020 and is currently estimated at $224,362, approximately $175 per square foot. This property was built in 1950. 240 N Michigan Ave is a home located in Lake County with nearby schools including Hobart High School, Hobart Baptist School, and Trinity Lutheran 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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