NOT LISTED FOR SALE

6705 E Ridge Rd Hobart, IN 46342

Estimated Value: $383,000 - $483,000

1.76 Acres
$242,386 Price per Acre
76,666 Sq Ft Lot

Last Sold March 28, 2022

Last sale price $360,000 $93 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,682/month

120 Days on Market

Highlights

  • 1.76 Acre Lot
  • Security Service
  • Laundry Facilities
  • Detached Garage

About This Lot

As of March 2022

Five unit building on acreage. Rental income of $3,687 per month. Roof shingles are only eight years old. Unit 3 is now vacant. Unit 4 should be vacant on March 1st.

Last Agent to Sell the Property

Paul Boyter

McColly Real Estate License #RB14020663 Listed on: 10/29/2021

McColly Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,623

Year Built

  • Built in 1946

Lot Details

  • 1.76 Acre Lot

Parking

  • Detached Garage

Home Design

  • 3,856 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 450929101005000018

Community Details

Overview

Additional Features

  • Laundry Facilities
  • Security Service

Property Details

Property Type

Land

Est. Annual Taxes

$4,623

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1946
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Acreage, Common Laundry, Security
  • Co List Office Mls Id: GNR266
  • Subdivision Name: None
  • GNR_TotalBathrooms: 5
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 5
  • Total Bedrooms: 6

Exterior Features

  • Acres: 1.76

Garage/Parking

  • Parking Features: Detached

Lot Info

  • Lot Size Sq Ft: 76666
  • Parcel #: 450929101005000018

Multi Family

  • Number Of Units Total: 5

Tax Info

  • Tax Annual Amount: 4623

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2021
Closed on
Mar 21, 2022
Sold by
Busch Jr Brian R and Busch Sabrina L
Bought by
Warren John David and Warren Laura Gabriela
Seller's Agent
Paul Boyter
McColly Real Estate
List Price
$360,000
Sold Price
$360,000
Current Estimated Value
$426,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,599
Avg. Annual Appreciation
4.88%

Purchase Details

Closed on
May 24, 2021
Sold by
Busch Marilyn N and Estate Of Brian R Busch Sr
Bought by
Busch Brian R and Busch Sabrina L

Purchase Details

Closed on
Feb 14, 2008
Sold by
Flaharty Wayne A and Flaharty Connie L
Bought by
Busch Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.25%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Warren John David -- Community Title
Busch Brian R -- None Available
Busch Brian -- Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Busch Brian $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2022 03/28/22 Sold $360,000 0.0% $93 / Sq Ft
02/26/2022 02/26/22 Pending -- -- --
10/29/2021 10/29/21 For Sale $360,000 -- $93 / 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 $14,692 $362,300 $54,100 $308,200
2023 $3,948 $359,900 $54,100 $305,800
2022 $3,948 $216,800 $50,100 $166,700
2021 $2,536 $198,000 $45,500 $152,500
2020 $4,623 $188,200 $45,500 $142,700
2019 $4,664 $179,300 $45,500 $133,800
2018 $5,100 $172,100 $45,500 $126,600
2017 $4,830 $169,600 $45,500 $124,100
2016 $4,864 $175,300 $45,500 $129,800
2014 $5,287 $177,400 $45,500 $131,900
2013 $4,990 $167,100 $45,500 $121,600
Source: Public Records

Agents Affiliated with this Home

  • Paul Boyter

    Seller's Agent in 2022

    Paul Boyter

    McColly Real Estate

    (219) 789-1228

    14 in this area

    242 Total Sales

    Paul Boyter
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR503382

Northwest Indiana Association of REALTORS®

APN: 45-09-29-101-005.000-018

Indiana Lake County Hobart 46342

6705 E Ridge Rd, Hobart, IN

This home is located at 6705 E Ridge Rd, Hobart, IN 46342 since 29 October 2021 and is currently estimated at $426,599, approximately $110 per square foot. This property was built in 1946. 6705 E Ridge Rd is a home located in Lake County with nearby schools including Hobart High School, Hobart Baptist School, and Trinity Lutheran 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.

Nearby Homes