NOT LISTED FOR SALE

550 Florence St Hammond, IN 46324

Estimated Value: $138,000 - $196,000

5 Beds
4 Baths
2,870 Sq Ft
$60/Sq Ft Est. Value

Last Sold December 09, 2022

Last sale price $120,000 $42 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $1,103/month

12 Days on Market

About This Home

As of December 2022

Investment Property in Hammond on a Large Corner Lot, Main Level has Two Large Occupied Apartments. Tenants want to stay. Basement has Laundry Area, Office(potential rental unit) w/bathroom, Storage space, Utility area, and Huge Workshop(potential rental space) w/bathroomOff Street Parking area. Storage Shed/house. Terrific location with loads of potential. Property Sold as is.

Last Agent to Sell the Property

Edward Hickey

RE/MAX 10 Schererville License #RB14038952 Listed on: 10/28/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,129

Year Built

  • Built in 1927

Lot Details

  • 6,229 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • 2,870 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms

Listing and Financial Details

  • Assessor Parcel Number 450612204012000023

Community Details

Overview

  • 3 Units
  • F B Halls Subdivision

Amenities

  • Laundry Facilities
  • Community Storage Space

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,129

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1927
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Common Laundry, Pets Allowed, Storage, Storage Shed
  • Co List Office Mls Id: GNR2197
  • Subdivision Name: F B Halls
  • GNR_TotalBathrooms: 4
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • GNR_RealEstateOwnedYN: false
  • GNR_ShortSaleYN: false
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 5

Exterior Features

  • Acres: 0.143

Garage/Parking

  • Parking Features: Off Street

Lot Info

  • Lot Size Sq Ft: 6229
  • Parcel #: 450612204012000023

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2022
Closed on
Dec 5, 2022
Sold by
Mada Properties Llc
Bought by
Navarro Cristian A
Seller's Agent
Edward Hickey
RE/MAX 10 Schererville
List Price
$120,000
Sold Price
$120,000
Current Estimated Value
$172,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,333
Avg. Annual Appreciation
10.96%
Original Mortgage
$114,000
Outstanding Balance
$111,950
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$47,610
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
Navarro Cristian A -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Navarro Cristian A $114,000
Previous Owner Mada Properties Llc $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2022 12/09/22 Sold $120,000 0.0% $42 / Sq Ft
11/09/2022 11/09/22 Pending -- -- --
10/28/2022 10/28/22 For Sale $120,000 -- $42 / 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 $9,129 $206,100 $29,600 $176,500
2023 $5,363 $191,000 $29,600 $161,400
2022 $5,363 $201,500 $29,600 $171,900
2021 $4,382 $161,400 $19,600 $141,800
2020 $4,185 $153,100 $19,600 $133,500
2019 $4,144 $144,600 $19,600 $125,000
2018 $4,500 $142,200 $19,600 $122,600
2017 $4,812 $133,600 $19,600 $114,000
2016 $3,206 $102,200 $19,600 $82,600
2014 $3,483 $111,000 $19,600 $91,400
2013 $3,378 $113,700 $19,600 $94,100
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2022

    Edward Hickey

    RE/MAX

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR521898

Northwest Indiana Association of REALTORS®

APN: 45-06-12-204-012.000-023

Indiana Lake County Hammond 46324

550 Florence St, Hammond, IN

This home is located at 550 Florence St, Hammond, IN 46324 since 28 October 2022 and is currently estimated at $172,333, approximately $60 per square foot. This property was built in 1927. 550 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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