NOT LISTED FOR SALE

4937 Magnolia Ave Hammond, IN 46327

Estimated Value: $120,000 - $169,000

4 Beds
2 Baths
1,680 Sq Ft
$85/Sq Ft Est. Value

Last Sold September 06, 2022

Last sale price $106,500 $63 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $942/month

24 Days on Market

About This Home

As of September 2022

Great turnkey 2 unit with great income. One 1-bedroom and One 3-bedroom. Extra side lot with paved off-street parking. Large Lot. $1500 total rent per month. 10% cap rate.

Last Agent to Sell the Property

Jason Moon

Trueblood Real Estate, LLC License #RB14038929 Listed on: 06/24/2022

Trueblood Real Estate, LLC

Last Buyer's Agent

Jocelyn Gonzales

@properties/Christie's Intl RE License #RB22000177

@properties/Christie's Intl RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,598

Year Built

  • Built in 1925

Lot Details

  • 9,225 Sq Ft Lot
  • Lot Dimensions are 75x123
  • Fenced

Home Design

  • Block Foundation
  • Concrete Siding

Interior Spaces

  • 1,680 Sq Ft Home
  • Elevator

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Listing and Financial Details

  • Total Actual Rent $17,100
  • Tenant pays for electricity, gas, sewer
  • The owner pays for water
  • Assessor Parcel Number 450331203011000023

Community Details

Overview

  • 2 Units
  • La Salle Add Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Insurance Expense $698
  • Maintenance Expense $280
  • Supplies Expense $212
  • Water Sewer Expense $834
  • New Taxes Expense $1,474
  • Net Operating Income $17,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,598

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1925
  • Road Surface Type: Asphalt
  • Income And Expenses Maintenance Expense: 280
  • Professional Management Expense: 1866
  • Supplies Expense: 212
  • Co List Office Mls Id: NRA2003
  • Subdivision Name: La Salle Add
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Refrigerator
  • Interior Amenities: Elevator
  • Flooring: Carpet, Vinyl
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Fencing: Fenced
  • Acres: 0.2118
  • Construction Type: Block, Concrete, Wood Siding

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 4

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Water Source: Public

Lot Info

  • Lot Dimensions: 75x123
  • Lot Size Sq Ft: 9225
  • Parcel #: 450331203011000023

Rental Info

  • Lease Term: Month To Month
  • Pets Allowed: Yes
  • Tenant Pays: Electricity, Gas, Sewer
  • Owner Pays: Water
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 698
  • Total Actual Rent: 17100

Tax Info

  • New Taxes Expense: 1474

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2022
Closed on
Sep 1, 2022
Sold by
Victor Yoo
Bought by
Washington Larry
Seller's Agent
Jason Moon
Trueblood Real Estate, LLC
Buyer's Agent
Jocelyn Gonzales
@properties/Christie's Intl RE
List Price
$106,500
Sold Price
$106,500
Current Estimated Value
$143,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,967
Avg. Annual Appreciation
9.37%
Original Mortgage
$79,875
Outstanding Balance
$76,701
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$60,046

Purchase Details

Closed on
Dec 10, 2018
Sold by
Ace Nwi Llc
Bought by
Yoo Victor

Purchase Details

Closed on
Nov 17, 2018
Sold by
Hansen Cathi D
Bought by
Ace Nwi Llc

Purchase Details

Closed on
Nov 12, 2018
Sold by
Schriver John and Schriver Marianne T
Bought by
Ace Nwi Llc
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
Washington Larry -- --
Yoo Victor -- Indiana Title Network Co
Ace Nwi Llc -- Indiana Title Network Co
Ace Nwi Llc -- Indiana Title Network Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Washington Larry $79,875
Previous Owner Schriver Marianne T $76,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2022 09/06/22 Sold $106,500 0.0% $63 / Sq Ft
08/07/2022 08/07/22 Pending -- -- --
06/24/2022 06/24/22 For Sale $106,500 -- $63 / 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 $4,598 $109,100 $23,700 $85,400
2023 $2,479 $96,200 $28,800 $67,400
2022 $2,479 $92,500 $28,800 $63,700
2021 $1,567 $57,000 $14,400 $42,600
2020 $1,474 $54,000 $14,400 $39,600
2019 $1,509 $51,200 $14,400 $36,800
2018 $1,531 $48,000 $14,400 $33,600
2017 $1,422 $40,400 $14,400 $26,000
2016 $1,128 $39,200 $14,400 $24,800
2014 $1,225 $39,100 $14,400 $24,700
2013 $1,159 $39,100 $14,400 $24,700
Source: Public Records

Agents Affiliated with this Home

  • Jason Moon

    Seller's Agent in 2022

    Jason Moon

    Trueblood Real Estate, LLC

    (219) 775-0869

    11 in this area

    624 Total Sales

    Jason Moon
    Section Image

  • J

    Buyer's Agent in 2022

    Jocelyn Gonzales

    @ Properties

    (219) 308-4554

    1 in this area

    11 Total Sales

    Jocelyn Gonzales
    Section Image
  • Lisa Mullins

    Buyer Co-Listing Agent in 2022

    Lisa Mullins

    @ Properties

    (219) 306-2059

    8 in this area

    365 Total Sales

    Lisa Mullins
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 514990

Northwest Indiana Association of REALTORS®

APN: 45-03-31-203-011.000-023

Indiana Lake County Hammond 46327

4937 Magnolia Ave, Hammond, IN

This home is located at 4937 Magnolia Ave, Hammond, IN 46327 since 24 June 2022 and is currently estimated at $143,467, approximately $85 per square foot. This property was built in 1925. 4937 Magnolia Ave is a home located in Lake County with nearby schools including Washington Irving Elementary School, Eggers Middle School, and Hammond High 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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