NOT LISTED FOR SALE

503 W 7th Place Hobart, IN 46342

Estimated Value: $194,364 - $224,000

3 Beds
1 Bath
1,580 Sq Ft
$130/Sq Ft Est. Value

Last Sold January 26, 2024

Last sale price $194,000 $123 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,298/month

79 Days on Market

Highlights

  • Wooded Lot
  • Covered Patio or Porch
  • Forced Air Heating and Cooling System
  • No HOA
  • Outdoor Storage
  • 5-minute walk to Fred Rose Lakeshore Park

About This Home

As of January 2024

Welcome to this charming home in Hobart! Conveniently located near Lake George, parks, and schools. Situated on a generously sized .25 acre lot, this property offers three bedrooms and one bathroom and nearly 1,600 sq ft. As you step inside, you'll be greeted by a bright and open living room that leads to the nicely appointed eat-in kitchen. Charm and comfort combine in this perfect starter home. 2 additional bedrooms and a spacious laundry/mudroom area round out the main floor. The upper level will wow you with a great-sized bedroom/rec room, an oversized walk-in closet, and storage space. The backyard offers ample room for outdoor activities, gardening, and entertaining, and boasts a large shed that is perfect for a little extra storage. This impeccably remodeled home provides a wonderful opportunity to enjoy a story-book neighborhood close to everything! Large driveway for plenty of parking as well. Schedule your showing today!

Last Agent to Sell the Property

Brooke Metz

eXp Realty, LLC License #RB14052503 Listed on: 10/11/2023

eXp Realty, LLC

Co-Listed By

Idilia Gallegos

eXp Realty, LLC License #RB22001038

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,064

Year Built

  • Built in 1934

Lot Details

  • 10,237 Sq Ft Lot
  • Lot Dimensions are 82x125
  • Wooded Lot

Parking

  • Off-Street Parking

Interior Spaces

  • 1,580 Sq Ft Home
  • 1.5-Story Property
  • Gas Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 450931411005000018

Community Details

Overview

  • No Home Owners Association
  • Patzel Lakeview Summer Residence Subdivision

Amenities

  • Community Storage Space

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,064

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1934
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Main Level
  • ResoLotFeatures: Level, Wooded
  • Co List Office Mls Id: NRA1732
  • Co List Office Mls Id: NRA1732
  • Subdivision Name: Patzel Lakeview Summer Residence
  • Above Grade Finished Sq Ft: 1580
  • Unit Levels: One and One Half
  • Reso Other Structures: Shed(s), Storage
  • Property Attached Yn: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Gas Range, Refrigerator, Washer
  • Interior Amenities: Primary Downstairs
  • Basement: Crawl Space
  • Flooring: Carpet, Vinyl
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Storage
  • Acres: 0.235
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Porch

Garage/Parking

  • Parking Features: None, Off Street

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 82X125
  • Lot Size Sq Ft: 10237
  • Parcel #: 450931411005000018

Tax Info

  • Year: 2022
  • Tax Annual Amount: 2064

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2023
Closed on
Jan 26, 2024
Sold by
Pickar Dakota L
Bought by
Moscinski Jeffrey A and Moscinski Marisela
Seller's Agent
Brooke Metz
eXp Realty, LLC
List Price
$224,900
Sold Price
$194,000
Premium/Discount to List
-$30,900
-13.74%
Views
233
Current Estimated Value
$205,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,341
Avg. Annual Appreciation
3.42%
Original Mortgage
$184,300
Outstanding Balance
$181,043
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$24,298

Purchase Details

Listed on
Oct 8, 2021
Closed on
Dec 2, 2021
Sold by
Taves James and Taves Jacklyn
Bought by
Pickar Dakota L
Seller's Agent
Andrew Knies
Brokerworks Group
List Price
$177,650
Sold Price
$177,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.18%
Original Mortgage
$174,432
Interest Rate
3.09%
Mortgage Type
FHA

Purchase Details

Listed on
May 24, 2016
Closed on
Aug 12, 2016
Sold by
Seeretary Of Housing And Ud
Bought by
Murphy David L and Tenancy Jonit
Seller's Agent
Trinity McCormick
McCormick Real Estate, Inc.
List Price
$36,850
Sold Price
$36,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.48%

Purchase Details

Closed on
Oct 9, 2014
Sold by
Lakeview Loan Servicing Llc
Bought by
Secretary Of Hud

Purchase Details

Closed on
Sep 5, 2014
Sold by
Nelson Lorena J and Citibank N A
Bought by
Lakeview Loan Servicing Llc

Purchase Details

Closed on
Apr 17, 2007
Sold by
Smith William Bradley and Estate Of Mary Lou Smith
Bought by
Nelson Lorena J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,143
Interest Rate
6.18%
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
Moscinski Jeffrey A $194,000 Fidelity National Title
Pickar Dakota L -- Chicago Title Insurance Co
Murphy David L -- Fidelity National Title Co
Secretary Of Hud -- None Available
Lakeview Loan Servicing Llc $95,680 None Available
Nelson Lorena J -- Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moscinski Jeffrey A $184,300
Previous Owner Pickar Dakota L $174,432
Previous Owner Nelson Lorena J $84,143
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/26/2024 01/26/24 Sold $194,000 -5.3% $123 / Sq Ft
12/29/2023 12/29/23 Pending -- -- --
11/28/2023 11/28/23 Price Changed $204,900 -6.8% $130 / Sq Ft
10/24/2023 10/24/23 Price Changed $219,900 -2.2% $139 / Sq Ft
10/11/2023 10/11/23 For Sale $224,900 +26.6% $142 / Sq Ft
12/02/2021 12/02/21 Sold $177,650 0.0% $112 / Sq Ft View Prior Sale
10/19/2021 10/19/21 Pending -- -- --
10/08/2021 10/08/21 For Sale $177,650 +93.1% $112 / Sq Ft
11/28/2017 11/28/17 Sold $92,000 0.0% $82 / Sq Ft View Prior Sale
11/02/2017 11/02/17 Pending -- -- --
10/17/2017 10/17/17 For Sale $92,000 +149.7% $82 / Sq Ft
08/12/2016 08/12/16 Sold $36,850 0.0% $33 / Sq Ft View Prior Sale
07/05/2016 07/05/16 Pending -- -- --
05/24/2016 05/24/16 For Sale $36,850 -- $33 / 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 $6,768 $171,300 $23,500 $147,800
2023 $1,959 $165,800 $23,500 $142,300
2022 $1,863 $157,800 $23,500 $134,300
2021 $1,212 $105,600 $17,900 $87,700
2020 $1,075 $99,700 $17,900 $81,800
2019 $1,130 $95,400 $17,900 $77,500
2018 $1,014 $89,600 $17,900 $71,700
2017 $862 $77,900 $11,100 $66,800
2016 $802 $77,200 $11,100 $66,100
2014 $628 $76,000 $11,100 $64,900
2013 $697 $79,300 $11,100 $68,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 540020

Northwest Indiana Association of REALTORS®

APN: 45-09-31-411-005.000-018