NOT LISTED FOR SALE

7230 Olcott Ave Hammond, IN 46323

Estimated Value: $251,111 - $258,000

3 Beds
1 Bath
1,386 Sq Ft
$183/Sq Ft Est. Value

Last Sold April 01, 2022

Last sale price $230,000 $166 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,609/month

2 Days on Market

Highlights

  • Recreation Room
  • Sun or Florida Room
  • Enclosed Patio or Porch
  • Ranch Style House
  • 2.5 Car Detached Garage
  • Cooling Available

About This Home

As of April 2022

In the book Small Homes of Architectural Distinction, this Woodmar neighborhood classic is lovingly known as The House of Many Gables. Built by a local steel exec at the tail end of the Great Depression, and carefully maintained by a new owner since '93, now is your chance to become just the third to own this the near mint, all-brick bungalow located on the south side of Hammond nearby Purdue Northwest, just a short jaunt to Chicago by car or by train. Bethlehem Steel beams, limestone fireplace, marble window sills, built in china cabinets / shelves / phone case, laundry chute, ribbon tiled bath, crystal handled doors with skeleton keys, and Mutschler Custom Kitchen cabinets from Nappanee, IN are some of the details added by the original owner as they built their custom dream home decades ago. Tastefully updated with new roof, windows, utilities, freshly tuckpointed, 6ft concrete privacy wall surrounding the back garden. Truly unique, one of a kind, custom designed Woodmar bungalow.

Last Agent to Sell the Property

Nathan Reeder

Reeder Companies License #RB14034744 Listed on: 03/04/2022

Co-Listed By

Kyle Weddington

Reeder Companies License #RB19000676

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,929

Year Built

  • Built in 1938

Lot Details

  • 6,250 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Landscaped
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 2.5 Car Detached Garage
  • Garage Door Opener

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1,386 Sq Ft Home
  • Living Room with Fireplace
  • Dining Room
  • Recreation Room
  • Sun or Florida Room
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Enclosed Patio or Porch
  • Outdoor Storage

Utilities

  • Cooling Available
  • Furnace Humidifier
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Woodmar 10 Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 450708452014000023

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,929

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1938
  • Reso Property Sub Type: Single Family Detach
  • ResoLotFeatures: Curbs, Landscaped, Nearly Level, Paved Road, Sidewalks
  • ResoOtherEquipment: Furnace Humidifier
  • Co List Office Mls Id: GNR31
  • Co List Office Mls Id: GNR31
  • Subdivision Name: Woodmar 10
  • Architectural Style: Ranch/1 Sty/Bungalow
  • GNR_Exterior: Brick
  • GNR_UnfinishedSquareFootage: 1386
  • GNR_HeatSystem: Forced Air
  • GNR_HOAPOAAnnualAmount: 0
  • GNR_Septic: No
  • GNR_TotalLessBasement: 0
  • GNR_MunicipalWater: Yes
  • GNR_Well: No
  • GNR_TotalBathrooms: 1
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_RealEstateOwnedYN: false
  • GNR_SewerYN: true
  • GNR_ShortSaleYN: false
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Washer
  • Interior Amenities: FP Living/Great Room, Main Floor Bathroom, Main Floor Bedroom, Sun Room
  • Basement: Enclosed
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1

Exterior Features

  • Exterior Features: Porch-Enclosed, Storage
  • Acres: 0.1435

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Detached, Garage Door Opener

Utilities

  • Utilities: On
  • Cooling Y N: Yes
  • Heating: Natural Gas

Lot Info

  • Lot Dimensions: 50X125
  • Lot Size Sq Ft: 6250
  • Parcel #: 450708452014000023

Tax Info

  • Year: 2020
  • Tax Annual Amount: 1929

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2022
Closed on
Apr 4, 2022
Sold by
Menges Elizabeth E
Bought by
Poulos Theodore T and Poulos Leslie K
Seller's Agent
Nathan Reeder
Reeder Companies
List Price
$230,000
Sold Price
$230,000
Current Estimated Value
$254,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,278
Avg. Annual Appreciation
3.05%
Original Mortgage
$130,000
Outstanding Balance
$124,356
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$130,913

Purchase Details

Listed on
Mar 4, 2022
Closed on
Apr 1, 2022
Sold by
Menges Elizabeth E
Bought by
Poulos Theodore T and Poulos Leslie K
Seller's Agent
Nathan Reeder
Reeder Companies
List Price
$230,000
Sold Price
$230,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Outstanding Balance
$124,356
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$130,913
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Poulos Theodore T -- Drake Andrew R
Poulos Theodore T -- Drake Andrew R
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Poulos Theodore T $130,000
Closed Poulos Theodore T $130,000
Previous Owner Menges Elizabeth E $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2022 04/01/22 Sold $230,000 0.0% $166 / Sq Ft
03/06/2022 03/06/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $230,000 -- $166 / 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 $9,927 $220,900 $28,500 $192,400
2023 $2,323 $207,700 $28,500 $179,200
2022 $2,323 $176,300 $28,500 $147,800
2021 $1,894 $143,800 $19,600 $124,200
2020 $1,792 $136,000 $19,600 $116,400
2019 $3,736 $130,100 $19,600 $110,500
2018 $3,855 $122,400 $19,600 $102,800
2017 $4,180 $115,800 $19,600 $96,200
2016 $3,487 $111,700 $19,600 $92,100
2014 $2,604 $122,100 $19,600 $102,500
2013 $1,715 $124,500 $19,600 $104,900
Source: Public Records

Agents Affiliated with this Home

  • Nathan Reeder

    Seller's Agent in 2022

    Nathan Reeder

    Reeder Companies

    (219) 989-4049

    14 in this area

    31 Total Sales

    Nathan Reeder
    Section Image
  • Kyle Weddington

    Seller Co-Listing Agent in 2022

    Kyle Weddington

    Reeder Companies

    (219) 484-6817

    11 in this area

    17 Total Sales

    Kyle Weddington
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR508387

Northwest Indiana Association of REALTORS®

APN: 45-07-08-452-014.000-023

Indiana Lake County Hammond 46323

7230 Olcott Ave, Hammond, IN

This home is located at 7230 Olcott Ave, Hammond, IN 46323 since 04 March 2022 and is currently estimated at $254,278, approximately $183 per square foot. This property was built in 1938. 7230 Olcott Ave is a home located in Lake County with nearby schools including Thomas Jefferson Elementary School, Charles N Scott Middle School, and Morton Senior 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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