NOT LISTED FOR SALE

506 Florence St Hammond, IN 46324

Estimated Value: $174,000 - $227,000

2 Beds
2 Baths
2,688 Sq Ft
$73/Sq Ft Est. Value

Last Sold August 01, 2019

Last sale price $102,000 $38 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $1,230/month

12 Days on Market

About This Home

As of August 2019

INVESTORS looking for a turn key money maker? This is IT! This Duplex unit is currently vacant but has had a large volume of interest from new perspective tenants. 1 bed 1 bath with basement on each side. Natural hardwood flooring, good roof, good windows, updated electrical, ready for occupancy! TWO Car Garage with high interior ceiling height, very nice backyard for tenants. Each side has its own utility (Gas and Electric) meters so tenants accounts and billing are their responsibility. Right Side is freshly Painted. Great Location!

Last Agent to Sell the Property

Jim Moore

Key Realty Indiana, LLC License #RB14034432 Listed on: 06/20/2019

Key Realty Indiana, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 6,250 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • 4 Open Parking Spaces

Home Design

  • 2,688 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 450612204001000023

Community Details

Overview

  • 2 Units
  • F B Halls Subdivision

Pet Policy

  • Pets Allowed

Additional Features

  • Laundry Facilities
  • Fenced around community

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1940
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Fenced Yard, Laundry, Pets Allowed
  • Co List Office Mls Id: GNR1709
  • Subdivision Name: F B Halls
  • GNR_TotalBathrooms: 2
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Acres: 0.1435

Garage/Parking

  • Garage Spaces: 2
  • Open Parking Spaces: 4
  • Parking Features: Detached

Lot Info

  • Lot Size Sq Ft: 6250
  • Parcel #: 450612204001000023

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3887

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2019
Closed on
Aug 1, 2019
Sold by
Krone Marri Lice
Bought by
Magana Kimberly V
Seller's Agent
Jim Moore
Key Realty Indiana, LLC
List Price
$102,000
Sold Price
$102,000
Current Estimated Value
$195,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,372
Avg. Annual Appreciation
11.09%
Original Mortgage
$86,700
Outstanding Balance
$75,980
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$119,392
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
Magana Kimberly V -- Greater Indiana Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magana Kimberly V $86,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2019 08/01/19 Sold $102,000 0.0% $38 / Sq Ft
07/02/2019 07/02/19 Pending -- -- --
06/20/2019 06/20/19 For Sale $102,000 -- $38 / 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 $7,671 $172,100 $29,600 $142,500
2023 $1,953 $160,500 $29,600 $130,900
2022 $1,953 $151,200 $29,600 $121,600
2021 $1,629 $127,700 $19,600 $108,100
2020 $1,574 $123,200 $19,600 $103,600
2019 $1,556 $128,600 $19,600 $109,000
2018 $3,993 $126,600 $19,600 $107,000
2017 $4,312 $119,300 $19,600 $99,700
2016 $2,755 $87,200 $19,600 $67,600
2014 $2,733 $87,000 $19,600 $67,400
2013 $2,301 $77,300 $19,600 $57,700
Source: Public Records

Agents Affiliated with this Home

  • Jim Moore

    Seller's Agent in 2019

    Jim Moore

    Key Realty Indiana, LLC

    (219) 669-9533

    3 in this area

    114 Total Sales

    Jim Moore
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR457071

Northwest Indiana Association of REALTORS®

APN: 45-06-12-204-001.000-023

Indiana Lake County Hammond 46324

506 Florence St, Hammond, IN

This home is located at 506 Florence St, Hammond, IN 46324 since 20 June 2019 and is currently estimated at $195,372, approximately $72 per square foot. This property was built in 1940. 506 Florence St is a home located in Lake County with nearby schools including Thomas A Edison 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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