NOT LISTED FOR SALE

501 N Colorado St Hobart, IN 46342

Estimated Value: $331,965 - $460,000

4 Beds
3 Baths
2,254 Sq Ft
$168/Sq Ft Est. Value

Last Sold October 19, 2020

Last sale price $289,900 $129 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,398/month

41 Days on Market

Highlights

  • 0.64 Acre Lot
  • Recreation Room
  • Main Floor Bedroom
  • Deck
  • Cathedral Ceiling
  • Corner Lot

About This Home

As of October 2020

Completely re-built 4 bedroom with 3 large bathrooms. 2019/2020 brand new roof, siding, all flooring matches life proof and pet proof. All new 220/120 electrical, all new plumbing, HVAC including on demand whole home water heater. Brand new stainless steel 5 burner stove, microwave, side by side refrigerator with ice and water, and top of the line dishwasher. Brand new washing machine and gas dryer. Large eat in kitchen with pantry, Master bedroom suite main floor with 72 inch soaking tub and double vanity. Home is blue tooth ready on all floors. New large windows, storage in every room with walk in closets. Upper level boasts large bedrooms with double walk in closets. The property includes a new foundation from 2003 and sits on 2 parcels to make almost 1 acre. Plenty of room for gardening and enjoying your semi-secluded property with 2.5 car garage. Large shed with double entry and ramp for riding mower storage. 2 large decks overlooking the oversized yard.

Last Agent to Sell the Property

Kristina Petit

Listing Leaders License #RB19000443 Listed on: 08/13/2020

Listing Leaders

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,865

Year Built

  • Built in 1916

Lot Details

  • 0.64 Acre Lot
  • Lot Dimensions are 125 x 201
  • Corner Lot
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,254 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Living Room
  • Dining Room
  • Recreation Room

Kitchen

  • Portable Gas Range
  • Microwave
  • Portable Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Accessible Home Design

  • Handicap Accessible

Outdoor Features

  • Deck
  • Exterior Lighting
  • Shed

Utilities

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

Community Details

  • Gary Hobart Sub Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 450930181002000018

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,865

Year Built

Built in 1916

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1916
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Acreage, Corner Lot, Nearly Level, Paved Road
  • ResoOtherEquipment: None
  • Co List Office Mls Id: GNR1690
  • Co List Office Mls Id: GNR1690
  • Subdivision Name: Gary Hobart Sub
  • Architectural Style: Two Story
  • GNR_Exterior: Vinyl
  • GNR_UnfinishedSquareFootage: 0
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: No
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: Yes
  • GNR_Well: No
  • GNR_TotalBathrooms: 3
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Portable Dishwasher, Dryer, Portable Gas Range, Microwave, Refrigerator, Washer
  • Interior Amenities: Barrier Free Access, Cathedral/Vaulted Ceiling, Common Rec Room, Finished Laundry Rm, Main Bedroom Bath, Main Floor Bathroom, Main Floor Bedroom, Main Floor Laundry
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Exterior Features: Barrier Free Access, Deck, Landscape Lighting, Tool Shed
  • Acres: 0.644

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

  • Cooling Y N: Yes
  • Heating: Natural Gas

Lot Info

  • Lot Dimensions: 125 x 201
  • Lot Size Sq Ft: 28053
  • ResoLotSizeUnits: Acres
  • Parcel #: 450930181002000018
  • ResoLotSizeUnits: Acres

Tax Info

  • Year: 2019
  • Tax Annual Amount: 2865

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2020
Closed on
Oct 19, 2020
Sold by
Kc Strategies Llc
Bought by
Grothoff Kyle
Seller's Agent
Kristina Petit
Listing Leaders
List Price
$289,900
Sold Price
$289,900
Current Estimated Value
$378,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,091
Avg. Annual Appreciation
5.55%
Original Mortgage
$260,910
Outstanding Balance
$242,183
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$136,808

Purchase Details

Closed on
Dec 4, 2019
Sold by
Yager Fredrick A
Bought by
Strategies Kc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,923
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage
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
Grothoff Kyle -- Chicago Title
Strategies Kc -- Lendserv National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grothoff Kyle $260,910
Previous Owner Strategies Kc $52,923
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2020 10/19/20 Sold $289,900 0.0% $129 / Sq Ft
09/23/2020 09/23/20 Pending -- -- --
08/13/2020 08/13/20 For Sale $289,900 -- $129 / 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 $4,654 $335,600 $54,600 $281,000
2023 $4,654 $360,200 $89,200 $271,000
2022 $3,776 $308,000 $47,900 $260,100
2021 $3,474 $280,900 $39,500 $241,400
2020 $1,653 $68,000 $39,500 $28,500
2019 $1,812 $65,900 $39,500 $26,400
2018 $1,881 $63,400 $39,500 $23,900
2017 $1,900 $63,400 $39,500 $23,900
2016 $2,002 $68,900 $39,500 $29,400
2014 $1,992 $67,700 $39,500 $28,200
2013 $1,928 $65,400 $39,500 $25,900
Source: Public Records

Agents Affiliated with this Home

  • Kristina Petit

    Seller's Agent in 2020

    Kristina Petit

    Listing Leaders

    (602) 703-5461

    3 in this area

    12 Total Sales

    Kristina Petit
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR479646

Northwest Indiana Association of REALTORS®

APN: 45-09-30-181-001.000-018

Indiana Lake County Hobart 46342

501 N Colorado St, Hobart, IN

This home is located at 501 N Colorado St, Hobart, IN 46342 since 13 August 2020 and is currently estimated at $378,991, approximately $168 per square foot. This property was built in 1916. 501 N Colorado St 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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