NOT LISTED FOR SALE

3498 N Hobart Rd Hobart, IN 46342

Estimated Value: $218,000 - $256,440

4 Beds
2.5 Baths
1,850 Sq Ft
1.26 Acres

Last Sold June 11, 2024

Last sale price $202,500 $109 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,455/month

2 Days on Market

Highlights

  • Views of Trees
  • Deck
  • Wood Flooring
  • 1.26 Acre Lot
  • Wooded Lot
  • No HOA

About This Home

As of June 2024

Uncover the charm of this fully functional 4 (potentially 5) bedroom, 3 bathroom Single Family Ranch home, nestled on a serene 1.25 acre lot. This gem boasts a full unfinished basement, offering endless possibilities to personalize and expand your living space. With a current tenant in place for over 7 years, generating $2,000/month in rental income on a flexible 60-day lease, the investment potential is undeniable. Enjoy the convenience of city water and sewers, along with the added bonus of a 1-car attached and 2-car detached garage. Seize this rare opportunity to own a piece of tranquility with built-in income potential!

Last Agent to Sell the Property

Jason Moon

Trueblood Real Estate, LLC License #RB14038929 Listed on: 05/09/2024

Trueblood Real Estate, LLC

Last Buyer's Agent

Luis Sosa

Banga Realty, LLC License #RB17000706

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,807

Year Built

  • Built in 1953

Lot Details

  • Landscaped
  • Wooded Lot

Parking

  • 3 Car Garage
  • Garage Door Opener

Home Design

  • Split Level Home

Interior Spaces

  • Family Room with Fireplace
  • Views of Trees
  • Basement
  • Laundry in Basement

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Hobart High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $24,000
  • Tenant pays for electricity, water, sewer, trash collection, telephone, snow removal, gas
  • The owner pays for insurance, taxes
  • Assessor Parcel Number 45-09-20-426-007.000-045

Community Details

Overview

  • No Home Owners Association
  • Johnson Sub Subdivision

Building Details

  • Insurance Expense $891
  • Gross Income $24,000
  • Net Operating Income $18,288

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,807

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Year Built: 1953
  • Reso Property Sub Type: Apartment
  • ResoLaundryFeatures: In Basement
  • ResoLotFeatures: Back Yard, Wooded, Many Trees, Front Yard, Landscaped, Cleared
  • ResoPoolFeatures: None
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Reso View: Trees/Woods
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRA2003
  • Subdivision Name: Johnson Sub
  • Above Grade Finished Sq Ft: 1850
  • Garage Yn: Yes
  • Unit Levels: Multi/Split
  • New Construction: No
  • Reso Other Structures: None
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • AuctionYN: No
  • AccessibilityFeaturesYN: No
  • AboveGradeUnfinishedArea: 500.00
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: None
  • Interior Amenities: Ceiling Fan(s)
  • Basement: Sump Pump, Unfinished
  • Flooring: Carpet, Tile, Hardwood
  • Basement YN: Yes
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Fireplaces: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Private Yard, Storage, Rain Gutters
  • Fencing: None
  • Acres: 1.26
  • Patio And Porch Features: Covered, Deck
  • Reso Roof: Asphalt, Shingle

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Attached, Garage Door Opener, Driveway, Detached
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Water Connected, Sewer Connected, Phone Connected, Natural Gas Connected
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • HOA Rent Includes: None
  • Association: No

Schools

  • Junior High Dist: Hobart

Lot Info

  • Lot Size Sq Ft: 54885.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 45-09-20-426-007.000-045
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Cats OK, Dogs OK
  • Tenant Pays: Electricity, Water, Sewer, Trash Collection, Telephone, Snow Removal, Gas
  • Owner Pays: Insurance, Taxes

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4807

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 24000
  • Insurance Expense: 891
  • Total Actual Rent: 24000

MLS Schools

  • HighSchool: Hobart High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2024
Sold by
Ibarra Nicholas
Bought by
Ibarra Nicholas and Ibarra Koraima
Current Estimated Value
$230,860

Purchase Details

Listed on
May 9, 2024
Closed on
Jun 11, 2024
Sold by
Johnson Larry M
Bought by
Ibarra Nicholas
Seller's Agent
Jason Moon
Trueblood Real Estate, LLC
Buyer's Agent
Luis Sosa
Banga Realty, LLC
List Price
$225,000
Sold Price
$202,500
Premium/Discount to List
-$22,500
-10%
Views
140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.69%
Original Mortgage
$192,375
Interest Rate
7.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 9, 2024
Closed on
Jun 5, 2024
Sold by
Johnson Larry M
Bought by
Ibarra Nicholas
Seller's Agent
Jason Moon
Trueblood Real Estate, LLC
Buyer's Agent
Luis Sosa
Banga Realty, LLC
List Price
$225,000
Sold Price
$202,500
Premium/Discount to List
-$22,500
-10%
Views
140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,375
Interest Rate
7.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2017
Sold by
Johnson Larry Mark
Bought by
Johnson Larry M and Johnson Evan N

Purchase Details

Closed on
Mar 7, 2016
Sold by
Johnson Norman H and Johnson Larry Mark
Bought by
Bernice E Johnson Marital Trust
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
Ibarra Nicholas -- Meridian Title
Ibarra Nicholas -- Meridian Title
Ibarra Nicholas $202,500 Meridian Title
Johnson Larry M -- None Available
Jonson Larry M -- None Available
Bernice E Johnson Marital Trust -- None Available
Johnson Norman H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ibarra Nicholas $192,375
Previous Owner Ibarra Nicholas $192,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2024 06/11/24 Sold $202,500 -10.0% $109 / Sq Ft
05/12/2024 05/12/24 Pending -- -- --
05/09/2024 05/09/24 For Sale $225,000 -- $122 / 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 $7,035 $160,000 $36,900 $123,100
2023 $4,807 $146,800 $36,900 $109,900
2022 $4,807 $148,100 $36,900 $111,200
2021 $4,375 $134,900 $36,700 $98,200
2020 $4,044 $128,800 $36,700 $92,100
Source: Public Records

Agents Affiliated with this Home

  • Jason Moon

    Seller's Agent in 2024

    Jason Moon

    Trueblood Real Estate, LLC

    (219) 775-0869

    3 in this area

    488 Total Sales

    Jason Moon
    Section Image
  • Luis Sosa

    Buyer's Agent in 2024

    Luis Sosa

    Banga Realty, LLC

    (219) 488-4472

    2 in this area

    67 Total Sales

    Luis Sosa
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 803365

Northwest Indiana Association of REALTORS®

APN: 45-09-20-426-007.000-045

Indiana Lake County Hobart 46342

3498 N Hobart Rd, Hobart, IN

This home is located at 3498 N Hobart Rd, Hobart, IN 46342 since 09 May 2024 and is currently estimated at $230,860, approximately $124 per square foot. This property was built in 1953. 3498 N Hobart Rd is a home located in Lake County with nearby schools including River Forest Jr-Sr High School and Portage Christian 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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