$1,945,000
$23M PRICE DROP

5601 E 61st Ave Hobart, IN 46342

Estimated payment $10,340/month

Total Views 116,522
28.62 Acres
$67,959 Price per Acre
1,246,687 Sq Ft Lot

About This Lot

You don't want to miss this development opportunity on nearly 30 acres in a high traffic area in Hobart Indiana! This prime opportunity has a great location near St Mary Medical Center, Chicago Health & Fitness, Indian Ridge Golf Course and River Point Country Club on 61st at Lake Park. This land neighbors newly developing subdivisions Eagle Creek and Barrington Ridge and will service the Hobart School district, is located close to shopping and has easy access to interstates and highways. The land is currently zoned as R-1 for single family residences, community services and open space plans currently permitted. Land can easily be rezoned as B (Business) or OS (Office Service) for commercial development with site plan approval and other filings. Bring your concept plan for limitless possibilities. The city of Hobart is a beautiful Lake County town that is home to nearly 40,0000 people, Lake George which feeds Deep River and is known as the city that's home. Come see the potential!

Listing Agent

Brandy Bell

Baird & Warner License #475190280 Listed on: 08/25/2021

Baird & Warner

Co-Listing Agent

Wesley JonBerg

Baird & Warner License #475124475

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $820

Lot Details

  • 28.62 Acre Lot
  • Lot Dimensions are 270x4617
  • Property is zoned SINGL

Home Design

  • Mixed Use

Utilities

  • No Cooling
  • No Heating
  • No Utilities

Property Details

Property Type

Land

Est. Annual Taxes

$820

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Road Surface Type: Asphalt
  • General Information: School Bus Service,Interstate Access
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Commercial, Industrial, Office
  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street
  • Waterfront: No

Utilities

  • Cooling: None
  • Heating: None
  • Utilities: None

Lot Info

  • Lot Size Acres: 28.62
  • Lot Dimensions: 270X4617
  • Zoning: SINGL
  • Lot Size: 25.0-99.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 820
  • Tax Year: 2021
  • Tax Exemptions: None

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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 $1,942 $72,900 $72,900 --
2023 $960 $60,800 $60,800 --
2022 $960 $48,000 $48,000 $0
2021 $826 $41,300 $41,300 $0
2020 $820 $41,000 $41,000 $0
2019 $1,220 $49,900 $49,900 $0
2018 $1,452 $51,500 $51,500 $0
2017 $1,650 $59,200 $59,200 $0
2016 $1,690 $62,700 $62,700 $0
2014 $1,642 $65,600 $65,600 $0
2013 $1,509 $56,300 $56,300 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2023 10/31/23 Price Changed $1,945,000 -8.5% --
01/04/2023 01/04/23 For Sale $2,125,000 0.0% --
12/31/2022 12/31/22 Off Market $2,125,000 -- --
04/13/2022 04/13/22 Price Changed $2,125,000 -91.3% --
08/25/2021 08/25/21 For Sale $24,500,000 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Ticor
Source: Public Records

About the Listing Agent

Brandy Bell

Baird & Warner

(219) 587-5922

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Originally from Memphis, TN, Brandy Bell is a strong finance professional who moved to the Chicagoland to further hone her analytical skills. This coupled with her undergraduate degree in Accounting, Experience as a Tutor and the Southern Hospitality ingrained from a very early age has given her the valuable skills to provide top tier service and help navigate her clients through their transactions as a trusted advisor. Brandy also has a passion for turning houses into homes: she founded

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11199987

Midwest Real Estate Data (MRED)

APN: 45-13-07-100-007.000-046