NOT LISTED FOR SALE

516 W 7th Place Hobart, IN 46342

Estimated Value: $197,390 - $222,000

3 Beds
1 Bath
1,411 Sq Ft
$151/Sq Ft Est. Value

Last Sold September 22, 2017

Last sale price $133,500 $95 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,378/month

15 Days on Market

Highlights

  • Deck
  • 2.5 Car Detached Garage
  • Cooling Available
  • Ranch Style House
  • Country Kitchen
  • 4-minute walk to Fred Rose Lakeshore Park

About This Home

As of September 2017

Nicely updated and surprisingly spacious ranch on large fenced lot! Located in a quiet neighborhood and just a couple blocks from Lake George. The living room is bright and sunny with beautiful refinished hardwood floors and leads right into the huge eat-in kitchen with enough room to feed a basketball team. All appliances are included! Bathroom has been recently updated with all new fixtures and flooring. Freshly painted throughout! Recent updates include, furnace, water heater, roof, and pex plumbing throughout! Completely updated and ready to move in!

Last Agent to Sell the Property

Jason Utesch

Realty Executives Premier License #RB14039867 Listed on: 07/26/2017

Realty Executives Premier

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $675

Year Built

  • Built in 1934

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 80 x 137
  • Fenced
  • Landscaped
  • Paved or Partially Paved Lot

Parking

  • 2.5 Car Detached Garage

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 1,411 Sq Ft Home
  • Living Room

Kitchen

  • Country Kitchen
  • Portable Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

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

Community Details

  • Patzel Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 450931410011000018

Home Details

Home Type

Single Family

Est. Annual Taxes

$675

Year Built

Built in 1934

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1934
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Landscaped, Paved Road
  • ResoOtherEquipment: Satellite Dish
  • Co List Office Mls Id: GNR1103
  • Subdivision Name: Patzel
  • Architectural Style: Ranch/1 Sty/Bungalow
  • 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: 1
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Portable Gas Range, Microwave, Refrigerator, Washer
  • Interior Amenities: Country Kitchen, Main Floor Bathroom, Main Floor Bedroom, Main Floor Laundry
  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Deck, Fence
  • Acres: 0.25

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Detached

Utilities

  • Utilities: On
  • Cooling Y N: Yes
  • Heating: Natural Gas

Schools

  • Junior High Dist: Hobart

Lot Info

  • Lot Dimensions: 80 x 137
  • Lot Size Sq Ft: 10890
  • ResoLotSizeUnits: Acres
  • Parcel #: 450931410011000018
  • ResoLotSizeUnits: Acres

Tax Info

  • Year: 2016
  • Tax Annual Amount: 675

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2020
Sold by
Petersen Kelsey N and Peterson Kelsey N
Bought by
Carr Daniel J
Current Estimated Value
$213,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Outstanding Balance
$115,709
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$94,650

Purchase Details

Listed on
Jul 26, 2017
Closed on
Sep 21, 2017
Sold by
Hudak Nick J
Bought by
Carr Daniel J and Peterson Kelsey N
Seller's Agent
Jason Utesch
Realty Executives Premier
List Price
$133,500
Sold Price
$133,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.89%
Original Mortgage
$131,081
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 24, 2014
Sold by
Bank Of America Na
Bought by
Hudak Nick J

Purchase Details

Closed on
Jun 6, 2014
Sold by
Waugaman Timothy A
Bought by
Bank Of America Na
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
Carr Daniel J -- None Available
Carr Daniel J -- Meridian Title Corp
Hudak Nick J $31,000 None Available
Bank Of America Na $26,270 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carr Daniel J $25,000
Open Carr Daniel J $129,000
Previous Owner Carr Daniel J $131,081
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2017 09/22/17 Sold $133,500 0.0% $95 / Sq Ft
08/10/2017 08/10/17 Pending -- -- --
07/26/2017 07/26/17 For Sale $133,500 -- $95 / 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 $6,883 $173,800 $24,000 $149,800
2023 $1,979 $168,600 $24,000 $144,600
2022 $1,892 $159,600 $24,000 $135,600
2021 $1,688 $142,200 $18,300 $123,900
2020 $1,695 $143,200 $18,300 $124,900
2019 $1,820 $137,000 $18,300 $118,700
2018 $1,815 $128,600 $18,300 $110,300
2017 $1,119 $90,100 $18,300 $71,800
2016 $675 $90,000 $18,300 $71,700
2014 $480 $87,900 $18,300 $69,600
2013 $2,659 $90,200 $18,300 $71,900
Source: Public Records

Agents Affiliated with this Home

  • Jason Utesch

    Seller's Agent in 2017

    Jason Utesch

    Realty Executives

    (219) 395-0496

    9 in this area

    293 Total Sales

    Jason Utesch
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR419341

Northwest Indiana Association of REALTORS®

APN: 45-09-31-410-011.000-018

Indiana Lake County Hobart 46342

516 W 7th Place, Hobart, IN

This home is located at 516 W 7th Place, Hobart, IN 46342 since 26 July 2017 and is currently estimated at $213,598, approximately $151 per square foot. This property was built in 1934. 516 W 7th Place 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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