NOT LISTED FOR SALE

623 Cherry St Hammond, IN 46324

Estimated Value: $191,000 - $223,000

3 Beds
2 Baths
1,802 Sq Ft
$115/Sq Ft Est. Value

Sale Details

Date Sold: September 13, 2024

Last sale price $208,000 $115 Per Sq Ft

Current estimated payment $1,317 / mo

About This Home

TWO 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!

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2024
Closed on
Sep 13, 2024
Sold by
Bought by
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
$207,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$696
Avg. Annual Appreciation
-0.18%
Original Mortgage
$204,232
Outstanding Balance
$202,047
Interest Rate
6.73%
Mortgage Type
FHA
Estimated Equity
$5,257

Purchase Details

Listed on
Nov 18, 2013
Closed on
Apr 25, 2014
Sold by
Bought by
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
Bought by

Purchase Details

Closed on
Jul 28, 2005
Sold by
Bought by

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Quantarium

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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Meridian Title
-- Meridian Title Corp
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $205,170
Closed $204,232
Closed $76,000
Closed $80,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/13/2024 09/13/24 Sold $208,000 -3.2% $115 / Sq Ft View Prior Sale
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 View Prior Sale
04/17/2014 04/17/14 Pending -- -- --
11/18/2013 11/18/13 For Sale $36,000 -- $37 / Sq Ft

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $2,437 $206,300 $27,600 $178,700
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

    Seller's Agent in 2024

    Warren Reeder

    Reeder Companies

    (219) 712-7127

    35 Total Sales

    Warren Reeder
    Section Image

  • L

    Buyer's Agent in 2024

    Luke Mitchell

    Legacy Realty Group LLC

    (219) 730-1589

    17 Total Sales

    Luke Mitchell
    Section Image
  • Steve Meeker

    Seller's Agent in 2014

    Steve Meeker

    Meeker Real Estate Inc

    (219) 796-6924

    326 Total Sales

    Steve Meeker
    Section Image
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Map

Indiana Lake County Hammond 46324

623 Cherry St, Hammond, IN

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