Seller's Agent in 2024
Warren Reeder
Reeder Companies
(219) 712-7127
8 in this area
35 Total Sales
623 Cherry St Hammond, IN 46324
Estimated Value: $149,177 - $222,000
3
Beds
2
Baths
1,802
Sq Ft
$108/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Laundry Room
- Forced Air Heating and Cooling System
- No HOA
- 1-Story Property
- 4-minute walk to Edison Park
About This Home
As of September 2024TWO Houses on 1 property in South Hammond with endless possibilities! Whether you're looking for an investment property that cash flows or you want to purchase a starter home with turnkey passive income to offset your living expenses, this property is ready to go! The front home is a sprawling 2 bedroom layout that's been freshly painted and is move-in ready! Featuring vaulted ceilings in the kitchen with loft storage, a massive bathroom, Central A/C, and a carport, you can expect market rents anywhere from $1200-1350/month. The Rear House is a cozy 1 bedroom cottage that is currently leased through January for $775/month by a great tenant of 3+ years. Each home has its own gas and electric meters for individual NIPSCO bills paid by the respective tenants. Properties like this don't come around often and this is turn key so come take a look!
Last Agent to Sell the Property
Reeder Companies License #RB14050613 Listed on: 06/28/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,392
Year Built
- Built in 1924
Lot Details
- 6,250
Interior Spaces
- 1,802 Sq Ft Home
- 1-Story Property
- Dishwasher
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 1 Carport Space
- Off-Street Parking
Schools
- Thomas A Edison Elementary School
Additional Features
- 6,250 Sq Ft Lot
- Forced Air Heating and Cooling System
Listing and Financial Details
- Tenant pays for cable TV, snow removal, telephone, gas, electricity
- The owner pays for grounds care, taxes, water, sewer, insurance
- Assessor Parcel Number 45-06-12-278-018.000-023
Community Details
Overview
- No Home Owners Association
- 2 Units
- South Hammond Subdivision
Building Details
- Insurance Expense $600
- Water Sewer Expense $1,039
- Gross Income $24,300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 28, 2024
Closed on
Sep 13, 2024
Sold by
Darling Enterprises Hammond Llc
Bought by
Mitchell Luke
Seller's Agent
Warren Reeder
Reeder Companies
Buyer's Agent
Luke Mitchell
Legacy Realty Group LLC
List Price
$219,900
Sold Price
$208,000
Premium/Discount to List
-$11,900
-5.41%
Views
100
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,206
Avg. Annual Appreciation
-6.58%
Original Mortgage
$204,232
Interest Rate
6.73%
Mortgage Type
FHA
Purchase Details
Listed on
Nov 18, 2013
Closed on
Apr 25, 2014
Sold by
Fannie Mae
Bought by
Darling Enterprises Llc
Seller's Agent
Steve Meeker
Meeker Real Estate Inc
Buyer's Agent
Warren Reeder
Reeder Companies
List Price
$36,000
Sold Price
$36,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.41%
Purchase Details
Closed on
Jun 7, 2013
Sold by
Bank Of America Na
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Jul 28, 2005
Sold by
Sprengelmeyer Margaret M
Bought by
Dzielski Bartlomiej and Dzielski Jakub
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.66%
Mortgage Type
Fannie Mae Freddie Mac
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mitchell Luke | -- | Meridian Title | |
| Darling Enterprises Llc | -- | Meridian Title Corp | |
| Federal National Mortgage Association | -- | None Available | |
| Dzielski Bartlomiej | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mitchell Luke | $204,232 | |
| Previous Owner | Dzielski Bartlomiej | $80,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/13/2024 09/13/24 | Sold | $208,000 | -3.2% | $115 / Sq Ft |
| 08/10/2024 08/10/24 | Pending | -- | -- | -- |
| 08/05/2024 08/05/24 | Price Changed | $214,900 | -2.3% | $119 / Sq Ft |
| 06/28/2024 06/28/24 | For Sale | $219,900 | +510.8% | $122 / Sq Ft |
| 04/29/2014 04/29/14 | Sold | $36,000 | 0.0% | $37 / Sq Ft |
| 04/17/2014 04/17/14 | Pending | -- | -- | -- |
| 11/18/2013 11/18/13 | For Sale | $36,000 | -- | $37 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
Tax History Compared to Growth
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 | $4,091 | $90,800 | $29,600 | $61,200 |
| 2023 | $2,299 | $85,600 | $29,600 | $56,000 |
| 2022 | $2,184 | $81,500 | $29,600 | $51,900 |
| 2021 | $1,689 | $62,300 | $19,600 | $42,700 |
| 2020 | $1,632 | $59,800 | $19,600 | $40,200 |
| 2019 | $1,720 | $57,200 | $19,600 | $37,600 |
| 2018 | $1,833 | $56,400 | $19,600 | $36,800 |
| 2017 | $1,973 | $95,800 | $9,800 | $86,000 |
| 2016 | $1,625 | $50,200 | $9,800 | $40,400 |
| 2014 | $2,772 | $88,500 | $9,800 | $78,700 |
| 2013 | $2,686 | $90,600 | $9,800 | $80,800 |
Source: Public Records
Agents Affiliated with this Home
-
Warren Reeder
-
Luke Mitchell
L
Buyer's Agent in 2024
Luke Mitchell
Legacy Realty Group LLC
(219) 730-1589
2 in this area
14 Total Sales
-
Steve Meeker
Seller's Agent in 2014
Steve Meeker
Meeker Real Estate Inc
(219) 796-6924
16 in this area
363 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: 806132
APN: 45-06-12-278-018.000-023
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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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