NOT LISTED FOR SALE

7340 Olcott Ave Hammond, IN 46323

Estimated Value: $241,000 - $324,000

3 Beds
2 Baths
2,392 Sq Ft
$114/Sq Ft Est. Value

Last Sold May 16, 2014

Last sale price $136,000 $57 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $1,776/month

71 Days on Market

Highlights

  • 0.24 Acre Lot
  • No HOA
  • 2.5 Car Attached Garage
  • Great Room with Fireplace
  • Covered patio or porch
  • 1-Story Property

About This Home

As of May 2014

Wonderful home in a prime location! Close to expressways and only a couple blocks from Purdue University Calumet. This is an open concept all brick ranch style home with lots of updates! Kitchen has been fully updated with granite counter tops, a breakfast bar, stainless steel appliances, and open to the living room/dining area. Living Room has a fireplace with gorgeous refinished hardwood floors througout most of the main level. Full finished basement with another fireplace and nice storage areas! The outside has a beautiful brick driveway, walkways, patio and all throughout the outside. A nice hidden covered patio in the back for fun and entertaining. Must see!

Last Agent to Sell the Property

Penny Karabatsos

Compass Indiana, LLC License #RB14049309 Listed on: 01/17/2014

Compass Indiana, LLC

Co-Listed By

Jim Moore

Key Realty Indiana, LLC License #RB14034432

Last Buyer's Agent

Gina Guarino

McColly Real Estate License #RB14043690

McColly Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,899

Year Built

  • Built in 1951

Lot Details

  • 10,629 Sq Ft Lot
  • Lot Dimensions are 85x125

Parking

  • 2.5 Car Attached Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Brick Foundation

Interior Spaces

  • 1-Story Property
  • Great Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Basement
  • Fireplace in Basement

Kitchen

  • Gas Range
  • <<microwave>>

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Woodmar Subdivision

Listing and Financial Details

  • Assessor Parcel Number 450717201024000023

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,899

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1951
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Landscaped, Level
  • Co List Office Mls Id: NRA121
  • Co List Office Mls Id: NRA2205
  • Subdivision Name: Woodmar
  • Above Grade Finished Sq Ft: 1206
  • Architectural Style: Bungalow
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Attached Yn: No
  • ResoWindowFeatures: Skylight(s)
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Gas Range, Microwave, Refrigerator, Washer
  • Interior Amenities: Primary Downstairs
  • Basement: Interior Entry, Sump Pump
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1186
  • Fireplace Features: Great Room, Living Room, Lower Level
  • Fireplaces: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.244
  • Construction Type: Brick
  • Patio And Porch Features: Covered, Patio, Porch

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Attached, Garage Door Opener, Off Street

Utilities

  • Utilities: Cable Available
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks
  • Association: No

Schools

  • Junior High Dist: Hammond

Lot Info

  • Lot Dimensions: 85x125
  • Lot Size Sq Ft: 10629
  • Parcel #: 450717201024000023
  • Zoning Description: Residential

Tax Info

  • Year: 2012
  • Tax Annual Amount: 1899

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2014
Closed on
May 16, 2014
Sold by
Ortega Alfonso
Bought by
Skarwecki Karen and Tierney Neal
Seller's Agent
Penny Karabatsos
Compass Indiana, LLC
Buyer's Agent
Gina Guarino
McColly Real Estate
List Price
$136,000
Sold Price
$136,000
Current Estimated Value
$271,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,572
Avg. Annual Appreciation
6.27%
Original Mortgage
$129,200
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2006
Sold by
Ortega Alfonso and Ortega Arcelia
Bought by
Ortega Alfonso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
7.77%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Skarwecki Karen -- Chicago Title Co Llc
Ortega Alfonso -- Metropolitan Title In Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Skarwecki Karen $120,000
Closed Skarwecki Karen $129,200
Previous Owner Ortega Alfonso $82,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2014 05/16/14 Sold $136,000 0.0% $57 / Sq Ft
03/29/2014 03/29/14 Pending -- -- --
01/17/2014 01/17/14 For Sale $136,000 -- $57 / 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 $9,746 $214,900 $43,600 $171,300
2023 $2,544 $203,900 $43,600 $160,300
2022 $2,544 $192,300 $43,600 $148,700
2021 $2,198 $166,700 $30,000 $136,700
2020 $2,141 $161,800 $30,000 $131,800
2019 $2,208 $155,300 $30,000 $125,300
2018 $2,266 $146,500 $30,000 $116,500
2017 $2,399 $138,800 $30,000 $108,800
2016 $4,239 $136,100 $30,000 $106,100
2014 $1,919 $129,500 $30,000 $99,500
2013 $1,855 $131,100 $30,000 $101,100
Source: Public Records

Agents Affiliated with this Home

  • Penny Karabatsos

    Seller's Agent in 2014

    Penny Karabatsos

    Compass Indiana, LLC

    (219) 789-4339

    15 Total Sales

    Penny Karabatsos
    Section Image
  • Jim Moore

    Seller Co-Listing Agent in 2014

    Jim Moore

    Key Realty Indiana, LLC

    (219) 669-9533

    3 in this area

    113 Total Sales

    Jim Moore
    Section Image
  • Gina Guarino

    Buyer's Agent in 2014

    Gina Guarino

    McColly Real Estate

    (219) 765-6698

    7 in this area

    397 Total Sales

    Gina Guarino
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 342654

Northwest Indiana Association of REALTORS®

APN: 45-07-17-201-024.000-023

Indiana Lake County Hammond 46323

7340 Olcott Ave, Hammond, IN

This home is located at 7340 Olcott Ave, Hammond, IN 46323 since 17 January 2014 and is currently estimated at $271,572, approximately $113 per square foot. This property was built in 1951. 7340 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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