NOT LISTED FOR SALE

905 W 40th Ave Hobart, IN 46342

Estimated Value: $65,000 - $246,000

4 Beds
2 Baths
1,768 Sq Ft
$102/Sq Ft Est. Value

Last Sold September 11, 2017

Last sale price $117,500 $66 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,128/month

12 Days on Market

Highlights

  • 0.38 Acre Lot
  • Community Storage Space
  • 5-minute walk to Emily Silich Park
  • Community Deck or Porch

About This Home

As of September 2017

Hey Investors! Don't miss this great 2 bedroom duplex. Seller's have made some updates and are ready to turn it over to you! Each side is currently rented with tenants who would like to stay. ( but are on a month to month lease) Positive cash flow. Let's get started!

Last Agent to Sell the Property

Carol Luken

Ginter Realty License #RB14033184 Listed on: 07/31/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 0.38 Acre Lot

Home Design

  • 1,768 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Open Parking Spaces
  • Driveway
  • Off-Street Parking

Listing and Financial Details

  • Assessor Parcel Number 450930180004000018

Community Details

Overview

  • Rossows Add Subdivision

Amenities

  • Community Deck or Porch
  • Community Storage Space

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1968
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Deck/Patio, Storage
  • Co List Office Mls Id: GNR185
  • Subdivision Name: Rossows Add
  • GNR_TotalBathrooms: 2
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • GNR_ParkingSurface: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Acres: 0.3802

Garage/Parking

  • Open Parking Spaces: 4
  • Parking Features: Off Street

Schools

  • Junior High Dist: Hobart

Lot Info

  • Lot Size Sq Ft: 16560
  • Parcel #: 450930180004000018
  • Zoning Description: residential

Tax Info

  • Tax Annual Amount: 3860

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2020
Sold by
First Real Estate Ventures Llc
Bought by
Lindy Greg E and Lindy Lindsay L
Current Estimated Value
$180,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Outstanding Balance
$93,696
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$86,775

Purchase Details

Closed on
Sep 30, 2020
Sold by
Ttowle Llc
Bought by
First Real Estate Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 4, 2020
Sold by
Ttowle Llc
Bought by
First Real Estate Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jul 31, 2017
Closed on
Sep 12, 2017
Sold by
Greenwood Frantoine
Bought by
T Towle Llc
Seller's Agent
Carol Luken
Ginter Realty
List Price
$117,500
Sold Price
$117,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.31%
Original Mortgage
$88,125
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 31, 2017
Closed on
Sep 11, 2017
Sold by
Pkm Llc
Bought by
Greenwood Frantoine
Seller's Agent
Carol Luken
Ginter Realty
List Price
$117,500
Sold Price
$117,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,125
Interest Rate
3.93%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Date Buyer Sale Price Title Company
Lindy Greg E -- Fidelity National Title Co
First Real Estate Ventures Llc -- None Listed On Document
First Real Estate Ventures Llc -- None Available
T Towle Llc -- None Available
Greenwood Frantoine -- Community Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lindy Greg E $105,000
Previous Owner First Real Estate Ventures Llc $10,000
Previous Owner First Real Estate Ventures Llc $10,000
Previous Owner Greenwood Frantoine $88,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2017 09/11/17 Sold $117,500 0.0% $66 / Sq Ft
08/12/2017 08/12/17 Pending -- -- --
07/31/2017 07/31/17 For Sale $117,500 -- $66 / 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 $7,850 $197,600 $52,700 $144,900
2023 $4,252 $192,300 $52,900 $139,400
2022 $4,252 $176,100 $36,800 $139,300
2021 $3,864 $158,200 $30,400 $127,800
2020 $3,536 $145,400 $30,400 $115,000
2019 $3,573 $136,900 $30,400 $106,500
2018 $3,592 $126,900 $30,400 $96,500
2017 $3,875 $135,700 $30,400 $105,300
2016 $3,860 $138,500 $30,400 $108,100
2014 $3,887 $132,100 $30,400 $101,700
2013 $3,655 $124,000 $30,400 $93,600
Source: Public Records

Agents Affiliated with this Home

  • Carol Luken

    Seller's Agent in 2017

    Carol Luken

    Ginter Realty

    (219) 730-7667

    2 in this area

    25 Total Sales

    Carol Luken
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR419424

Northwest Indiana Association of REALTORS®

APN: 45-09-30-180-004.000-018

Indiana Lake County Hobart 46342

905 W 40th Ave, Hobart, IN

Not Listed for Sale

MultiFamily

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