NOT LISTED FOR SALE

511 W 3rd St Hobart, IN 46342

Estimated Value: $186,000 - $196,421

3 Beds
1 Bath
1,188 Sq Ft
$162/Sq Ft Est. Value

Last Sold December 08, 2021

Last sale price $145,000 $122 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,532/month

11 Days on Market

Highlights

  • Deck
  • No HOA
  • Forced Air Heating and Cooling System
  • Wood Flooring
  • 1 Car Detached Garage

About This Home

As of December 2021

PARADE ROUTE CHARMER! 3 Bed 1 Bath with Hardwood Floors and Arched doorways. Newly updated Bathroom. New gutters with gutter guards. New HVAC 2021. New Pool and Deck 2020 all pool equipment stays. Walking distance to the Lake and Downtown.

Last Agent to Sell the Property

Melissa Blake

Ginter Realty License #RB14044804 Listed on: 10/08/2021

Last Buyer's Agent

Julie Degnan

Banga Realty, LLC License #RB14045679

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,340

Year Built

  • Built in 1950

Lot Details

  • 8,625 Sq Ft Lot
  • Lot Dimensions are 48 x 180

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Interior Spaces

  • 1,188 Sq Ft Home
  • 1.5-Story Property
  • Wood Flooring
  • Microwave
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Schools

  • Highland Middle School
  • Hobart High School

Utilities

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

Community Details

  • No Home Owners Association
  • Hobart Park Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 450931251009000018

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,340

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1950
  • Road Surface Type: Paved
  • Co List Office Mls Id: NRA185
  • Subdivision Name: Hobart Park Add
  • Above Grade Finished Sq Ft: 1188
  • Garage Yn: Yes
  • Unit Levels: One and One Half
  • Property Attached Yn: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Microwave, Refrigerator, Washer
  • Interior Amenities: Primary Downstairs
  • Basement: Interior Entry, Sump Pump
  • Flooring: Hardwood
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.198
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Detached, Off Street

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Association: No

Schools

  • Middle Or Junior School: Highland Middle School

Lot Info

  • Lot Dimensions: 48 X 180
  • Lot Size Sq Ft: 8625
  • Parcel #: 450931251009000018

Tax Info

  • Year: 2020
  • Tax Annual Amount: 1340

MLS Schools

  • HighSchool: Hobart High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2021
Closed on
Dec 8, 2021
Sold by
Fraze Timothy and Fraze Michele
Bought by
Julian Tracy
Seller's Agent
Melissa Blake
Ginter Realty
Buyer's Agent
Julie Degnan
Banga Realty, LLC
List Price
$145,000
Sold Price
$145,000
Total Days on Market
11
Current Estimated Value
$192,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,105
Avg. Annual Appreciation
8.81%
Original Mortgage
$142,373
Outstanding Balance
$133,382
Interest Rate
3.14%
Mortgage Type
FHA
Estimated Equity
$61,775
Source: Public Records

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Range of Values:

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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
Julian Tracy -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Julian Tracy $3,718
Open Julian Tracy $142,373
Previous Owner Fraze Timothy $107,590
Previous Owner Fraze Timothy $99,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2021 12/08/21 Sold $145,000 0.0% $122 / Sq Ft
10/19/2021 10/19/21 Pending -- -- --
10/08/2021 10/08/21 For Sale $145,000 -- $122 / 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 $5,507 $138,800 $22,100 $116,700
2023 $1,664 $134,900 $22,100 $112,800
2022 $1,643 $130,000 $22,100 $107,900
2021 $1,292 $111,400 $17,000 $94,400
2020 $1,340 $115,500 $17,000 $98,500
2019 $1,467 $112,000 $17,000 $95,000
2018 $1,328 $105,000 $17,000 $88,000
2017 $1,287 $102,700 $17,000 $85,700
2016 $1,087 $96,200 $13,600 $82,600
2014 $863 $92,200 $13,700 $78,500
2013 $735 $85,800 $13,600 $72,200
Source: Public Records

Agents Affiliated with this Home

  • Melissa Blake

    Seller's Agent in 2021

    Melissa Blake

    Ginter Realty

    (219) 713-9426

    28 in this area

    41 Total Sales

    Melissa Blake
    Section Image
  • Julie Degnan

    Buyer's Agent in 2021

    Julie Degnan

    Banga Realty, LLC

    (219) 805-3956

    9 in this area

    22 Total Sales

    Julie Degnan
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 502241

Northwest Indiana Association of REALTORS®

APN: 45-09-31-251-009.000-018

Indiana Lake County Hobart 46342

511 W 3rd St, Hobart, IN

This home is located at 511 W 3rd St, Hobart, IN 46342 since 08 October 2021 and is currently estimated at $192,105, approximately $161 per square foot. This property was built in 1950. 511 W 3rd St is a home located in Lake County with nearby schools including Hobart High School, Hobart Baptist School, and Trinity Lutheran School.

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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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