Paired Villa with Private
523 Hidden Oak Drive Hobart, IN 46342
523 Hidden Oak Drive, Hobart, IN, 46342
$248,000
For Sale
$248,000
SINGLE_FAMILY - Hobart, IN
Property Size1,300 SF
Lot Size0.14 Acres
Price / SF$190.77
Days on Market311
Property Features for 523 Hidden Oak Drive
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Dining Room, Bathroom 2, Bathroom 1, Laundry Room, Bedroom 2
- Parking features
- Open, Garage, Driveway
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fan(s), Walk-In Closet(s), Laminate Counters, Eat-in Kitchen, Entrance Foyer
- Exterior features
- Rain Gutters
- Appliances
- Dryer, Washer, Stainless Steel Appliance(s), Range Hood, Refrigerator, Gas Range, Dishwasher
- Standard status
- Active
- APN
- 451305377011000018
- Size
- 1,300 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- BARRINGTON RIDGE UNIT 4 E1/2 LOT 7
- Tax Annual Amount
- 1999
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1995
- Floors in Building
- 1
Listing Agency
McColly Real Estate
(219) 462-2411
2107 North Calumet Avenue, Schererville, IN
Listed by
Katherine Phillips
(219) 405-0704
Added: Sep 11, 2025 Checked: Jul 18 at 1:06 pm
MLS# 827556
Listing URL
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This beautifully maintained paired villa offers a brick and vinyl exterior with one-level living throughout. The interior features a bright, open kitchen with stainless steel appliances and a sunny southern exposure, plus a sliding glass door that leads to a private patio. The layout supports flexible living and dining arrangements, and the huge primary bedroom includes a generous walk-in closet and an attached 3/4 bath.
The HOA handles lawn care, irrigation, and snow removal, helping keep maintenance low and daily routines simple. Residents also have access to a year-round clubhouse and fitness center, along with an outdoor pool during the summer months.
The property is located near St. Mary’s Hospital and provides easy access to I-65, offering convenience to nearby services while maintaining a well-kept neighborhood setting.
The HOA handles lawn care, irrigation, and snow removal, helping keep maintenance low and daily routines simple. Residents also have access to a year-round clubhouse and fitness center, along with an outdoor pool during the summer months.
The property is located near St. Mary’s Hospital and provides easy access to I-65, offering convenience to nearby services while maintaining a well-kept neighborhood setting.
Key Highlights
- 1995 paired villa with one‑level living and brick/vinyl exterior
- Eat‑in kitchen with stainless steel appliances, gas range, and range hood
- Primary suite with huge walk‑in closet and attached 3/4 bath
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.2k | $17.04 |
| − Vacancy | −$1.2k | −$0.95 |
| EGI | $20.9k | $16.09 |
| − OpEx | −$9.4k | −$7.24 |
| NOI | $11.5k | $8.85 |
1,300 SF · lease $17.04/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$164.3K
$143.8K – $191.7K
NOI $11,501 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$362.9K
$317.6K – $423.4K
NOI $25,404 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Brick-and-vinyl paired villa with a private patio and HOA-managed lawn care, irrigation, and snow removal.
Where is this single family property located?
The property is located at 523 Hidden Oak Drive Hobart, IN.
What is the asking price?
The asking price for this property is $248,000.
What are key features of this property?
This property features: 1995 paired villa with one‑level living and brick/vinyl exterior; Eat‑in kitchen with stainless steel appliances, gas range, and range hood; Primary suite with huge walk‑in closet and attached 3/4 bath
