NOT LISTED FOR SALE

3130 W Old Ridge Rd Hobart, IN 46342

Estimated Value: $242,000 - $273,000

5 Beds
2 Baths
2,436 Sq Ft
$106/Sq Ft Est. Value

Last Sold April 29, 2015

Last sale price $95,000 $39 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $1,677/month

Highlights

  • 0.54 Acre Lot
  • Fireplace
  • Heating System Uses Steam
  • 2 Car Detached Garage
  • Hot Water Heating System

About This Home

As of April 2015

Beautiful 2-story on a large semi-private corner lot. Hardwood floors, 2 fireplaces, 2-car garage. This is currently a duplex but could be converted back to a single family with not much expense. Tenant it on a month to month lease. This would be a great property for related living. Many upgrades in the past 10 years. New boiler and overhead garage door.

Last Agent to Sell the Property

Denny Koesters

Coldwell Banker Realty License #RB14007303 Listed on: 04/29/2015

Coldwell Banker Realty

Last Buyer's Agent

Luanne Govert

BHHS Executive Realty License #RB14051225

BHHS Executive Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,495

Year Built

  • Built in 1920

Lot Details

  • 0.54 Acre Lot
  • Lot Dimensions are 160 x 147

Parking

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

Interior Spaces

  • 2,436 Sq Ft Home
  • Elevator
  • Fireplace
  • Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Radiant Heating System

Listing and Financial Details

  • Total Actual Rent $19,440
  • Rent includes electricity, gas, trash collection, water
  • Assessor Parcel Number 450825151038

Community Details

Overview

  • 2 Units
  • Ridge Road Homes Subdivision

Building Details

  • Insurance Expense $1,200
  • Water Sewer Expense $340
  • New Taxes Expense $4,700
  • Net Operating Income $9,950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,495

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1920
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: Common Area
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: NRA166
  • Subdivision Name: Ridge Road Homes
  • Garage Yn: Yes
  • Reso Other Structures: Shed(s)
  • WaterExpense: 340.00
  • SewerExpense: 650.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Refrigerator
  • Interior Amenities: Elevator
  • Basement: Sump Pump
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.5399
  • Construction Type: Wood Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached, Garage Door Opener, Off Street
  • Total Parking Spaces: 5

Utilities

  • Utilities: Cable Available, Sewer Available
  • Cooling: None
  • Heating: Common, Hot Water, Natural Gas, Radiant, Steam, Unit Control
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Gas, Other, Trash Collection, Water

Schools

  • Junior High Dist: Hobart

Lot Info

  • Lot Dimensions: 160 x 147
  • Lot Size Sq Ft: 23520
  • Parcel #: 450825151038

Rental Info

  • Lease Term: Month To Month
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 1200
  • Total Actual Rent: 19440

Tax Info

  • New Taxes Expense: 4700

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2015
Closed on
Apr 27, 2015
Sold by
Studebaker Robert L
Bought by
Wachewicz Alejandra
Seller's Agent
Denny Koesters
Coldwell Banker Realty
Buyer's Agent
Luanne Govert
BHHS Executive Realty
List Price
$95,000
Sold Price
$95,000
Current Estimated Value
$257,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,100
Avg. Annual Appreciation
10.04%
Original Mortgage
$93,279
Interest Rate
4.5%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Wachewicz Alejandra -- Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wachewicz Alejandra $120,000
Closed Wachewicz Alejandra $93,279
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2015 04/29/15 Sold $95,000 0.0% $39 / Sq Ft
04/29/2015 04/29/15 For Sale $95,000 -- $39 / 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 $9,495 $220,300 $50,800 $169,500
2023 $2,569 $232,600 $67,400 $165,200
2022 $2,569 $204,400 $40,900 $163,500
2021 $2,317 $183,800 $34,300 $149,500
2020 $2,248 $180,000 $34,300 $145,700
2019 $2,368 $173,500 $34,300 $139,200
2018 $2,409 $163,200 $34,300 $128,900
2017 $2,455 $164,600 $34,300 $130,300
2016 $2,429 $166,300 $34,300 $132,000
2014 $5,088 $173,900 $34,200 $139,700
2013 $4,882 $166,600 $34,200 $132,400
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    Denny Koesters

    Coldwell Banker Realty

    Section Image

  • L

    Buyer's Agent in 2015

    Luanne Govert

    BHHS Executive Realty

    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 370786

Northwest Indiana Association of REALTORS®

APN: 45-08-25-151-038.000-018

Indiana Lake County Hobart 46342

3130 W Old Ridge Rd, Hobart, IN

This home is located at 3130 W Old Ridge Rd, Hobart, IN 46342 since 29 April 2015 and is currently estimated at $257,100, approximately $105 per square foot. This property was built in 1920. 3130 W Old Ridge Rd 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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