NOT LISTED FOR SALE

50 W 2nd St Hobart, IN 46342

Estimated Value: $356,000 - $600,000

4 Beds
3.5 Baths
3,380 Sq Ft
$154/Sq Ft Est. Value

Last Sold July 24, 2024

Last sale price $597,000 $177 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $3,852/month

21 Days on Market

Highlights

  • Lake Front
  • Deck
  • Wood Flooring
  • In Ground Pool
  • Dining Room with Fireplace
  • No HOA

About This Home

As of July 2024

Beautiful fairy tale Cottage: 3 lot Lakefront brick home 320' lake frontage on Lake George looking at the City, with stunning lake views! This is a 2550 sq. Foot home with an additional 850 sq. ft. of finished living space on the lower level with walk out to the garage. This floor plan affords a great space for entertaining! The gourmet kitchen is fantastic; custom wood cabinets, stainless steel appliances (Viking, Decor) granite counter tops, and a breakfast bar island. As you enter the great room, you notice the lake immediately, as a huge bay window looks out towards the lake. The fireplace in the great room is a wood burner and can heat the entire area. The Family room has a gas non-vented fireplace with windows all the way around for the light to pour thru. The master suite is also on the main floor with access to the deck, a walk-in closet, a master bathroom with 2 sinks and a tiled shower; it truly features some of the best views of the lake! The Large Lower level boasts a Game room with a bar, 2 under counter glass front refrigerators, wine / beer. There is a billiard table (that comes with the home and doubles as table tennis). There is a bathroom with a shower and the laundry room with cabinets. The upstairs is also special, a weight room which could be a 3rd Bedroom and 2 other Bedrooms. and a 1/2 bathroom. The outdoor spaces are amazing; with a heated built-in pool 16' x 32' a great old fireplace. This spot is amazing on the Lake looking at the lights of the city at night. The 4th of July Fireworks go over the Lake right in front of you and the weekend concerts are exceptional to hear from your pool.

Last Agent to Sell the Property

Brian Waters

Mentor Listing Realty, Inc. License #RB14030191 Listed on: 05/31/2024

Last Buyer's Agent

Jason Lynn

Realty Executives Premier License #RB22001453

Realty Executives Premier

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,157

Year Built

  • Built in 1937 | Remodeled

Lot Details

  • 0.36 Acre Lot
  • Lake Front

Parking

  • 3 Car Garage

Home Design

  • Brick Foundation

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 3 Fireplaces
  • Lake Views
  • Basement
  • Laundry in Basement

Kitchen

  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • In Ground Pool
  • Deck
  • Patio

Schools

  • Veterans Elementary At Mundell
  • Hobart Middle School
  • Hobart High School

Utilities

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

Community Details

  • No Home Owners Association
  • Beverly Shores Subdivision

Listing and Financial Details

  • Assessor Parcel Number 45-09-31-236-013.000-018

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,157

Year Built

Built in 1937 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1937
  • Reso Property Sub Type: Single Family Residence
  • Road Frontage Type: Lakefront
  • ResoLaundryFeatures: In Basement
  • ResoLotFeatures: See Remarks
  • ResoPoolFeatures: In Ground, Outdoor Pool
  • Road Frontage Type: City Street
  • Reso View: Lake
  • Water Body Name: Lake George
  • Co List Office Mls Id: NRA952
  • Subdivision Name: Beverly Shores
  • Above Grade Finished Sq Ft: 2530
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Reso Property Condition: Updated/Remodeled
  • AuctionYN: No
  • AccessibilityFeaturesYN: No
  • AboveGradeUnfinishedArea: 0.00
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Range, Range Hood, Microwave, Gas Range
  • Interior Amenities: Double Vanity
  • Basement: Finished, Full
  • Flooring: Carpet, Tile, Hardwood
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 850
  • Fireplace Features: Dining Room, Other, Living Room
  • Fireplaces: 3
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Other
  • Fencing: See Remarks
  • Acres: 0.358
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Brick
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Attached, Detached, Heated Garage

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Hobart
  • Middle Or Junior School: Hobart Middle School

Lot Info

  • Lot Dimensions: Irreg
  • Lot Size Sq Ft: 15594.48
  • Additional Parcels: No
  • Parcel #: 45-09-31-236-013.000-018

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4157

MLS Schools

  • HighSchool: Hobart High School
  • Elementary School: Veterans Elementary at Mundell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2024
Closed on
Jul 19, 2024
Sold by
Teachman Family Revocable Trust and Teachman Gary S
Bought by
Teachman Gary S and Teachman Patricia S
Seller's Agent
Brian Waters
Mentor Listing Realty, Inc.
Buyer's Agent
Jason Lynn
Realty Executives Premier
List Price
$599,000
Sold Price
$597,000
Premium/Discount to List
-$2,000
-0.33%
Views
70
Current Estimated Value
$520,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$76,312
Avg. Annual Appreciation
-11.79%
Original Mortgage
$526,000
Outstanding Balance
$520,511
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$177

Purchase Details

Closed on
May 18, 2022
Sold by
Teachman Gary S and Teachman Patricia S
Bought by
Teachman Family Revocable Trust

Purchase Details

Closed on
May 2, 2022
Sold by
Teachman Gary S and Teachman Patricia S
Bought by
Teachman Family Revocable Trust

Purchase Details

Closed on
Jun 30, 2011
Sold by
Alexander Charles J and Alexander Pamela A
Bought by
Teachman Gary S and Teachman Patricia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
4.63%
Mortgage Type
New Conventional
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
Teachman Gary S -- Meridian Title
Teachman Family Revocable Trust -- Weiss Schmidgall And Hires Pc
Teachman Family Revocable Trust -- Weiss Schmidgall And Hires Pc
Teachman Gary S -- Professionals Title Svcs Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Teachman Gary S $526,000
Previous Owner Teachman Family Revocable Trus $300,000
Previous Owner Teachman Gary S $150,000
Previous Owner Teachman Gary S $204,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2024 07/24/24 Sold $597,000 -0.3% $177 / Sq Ft
06/22/2024 06/22/24 Pending -- -- --
05/31/2024 05/31/24 For Sale $599,000 -- $177 / 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 $12,182 $297,600 $85,200 $212,400
2023 $3,466 $298,400 $85,200 $213,200
2022 $4,157 $344,500 $78,200 $266,300
2021 $3,696 $305,300 $60,100 $245,200
2020 $3,426 $291,900 $60,100 $231,800
2019 $3,530 $280,800 $60,100 $220,700
2018 $4,094 $270,800 $60,100 $210,700
2017 $4,003 $261,900 $60,100 $201,800
2016 $3,955 $264,500 $60,100 $204,400
2014 $4,196 $261,700 $60,000 $201,700
2013 $4,139 $259,100 $60,000 $199,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 804610

Northwest Indiana Association of REALTORS®

APN: 45-09-31-236-013.000-018