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    Property profile & analytics

    504 Washington St, Unit 3N Hobart, IN 46342-2168

    • Residential income homes
    • 4,816 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimation
    $285,000
    Location Intelligence
    Property ID
    US31-0399331
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 504 Washington St

    Year built
    1968
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property size
    4,816 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    45-09-30-255-003.000-018
    APU
    450930255003000018

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $375,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $330,000
      Geo Method
      $340,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $375,000
      Mixed-Use
      $310,000
      Hospitality
      $375,000
      Educational
      $345,000
      Residential Income
      $370,000
      Energy
      $330,000
      Income-Based Land
      $300,000
      Food Service
      $300,000

    Location Insight

    • Map
    • Local Demand
    City
    Hobart
    County
    Lake
    State
    Indiana
    Longitude
    -87.2684
    Latitude
    41.5457
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $2,115
    $15,000
    $71,300
    $86,300
    -
    $15,000
    $71,300
    $86,300

    Comparable in this City

    • Value Estimation
      $330,000
      4,096 SF

      1421 High St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,096 SF
      1421 High St, Hobart, IN 46342-3319
      View Details
    • Value Estimation
      $320,000
      4,160 SF

      207 37th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,160 SF
      207 37th Ave, Hobart, IN 46342-1165
      View Details
    • Value Estimation
      $255,000
      4,800 SF

      1995 Old Rdg Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,800 SF
      1995 Old Rdg Rd, Hobart, IN 46342-1926
      View Details
    • Value Estimation
      $340,000
      4,096 SF

      130 Hobart Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,096 SF
      130 Hobart Rd, Hobart, IN 46342-3372
      View Details
    • Value Estimation
      $330,000
      4,096 SF

      662 Hobart Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,096 SF
      662 Hobart Rd, Hobart, IN 46342-2459
      View Details
    • Value Estimation
      $285,000
      2,944 SF

      531 Kelly St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,944 SF
      531 Kelly St, Hobart, IN 46342-2476
      View Details

    Similar Nearby for Sale

    • New
      $239,900
      0.36 Acres

      Hobart Duplex Near Lake George

      Two-unit home with newer features near Lake George recreation.
      1231 W 3Rd St, Hobart, IN 46342
      View Details
    • $344,800

      Updated Two-Unit Apartment Building

      Turnkey investment opportunity with two updated units and separate utilities.
      2302 W 37Th Ave, Hobart, IN 46342
      View Details
    • New
      $159,900
      0.27 Acres

      Income-Producing Duplex in Hobart, Indiana

      Turnkey duplex in Hobart, Indiana, generating monthly rental income.
      28-30 Mckinley Ave, Hobart, IN 46342
      View Details
    • $999,900
      21,508 SF

      Hobart Airport Industrial Business Complex

      24-acre mixed-use property with hangars, storage, and residential space.
      3600 N Lake Park Ave, Hobart, IN 46342
      View Details
    • $600,000
      21,957 SF

      Hobart Mixed-Use Business Complex

      2.85 acre mixed-use property with multiple commercial buildings and storage units.
      3600 N Lake Park Ave, Hobart, IN 46342
      View Details
    • $2,500,000
      160.00 Acres

      Expansive Land Parcel in Hobart

      160-acre land parcel in a growing Northwest Indiana area.
      6363 Grand Blvd, Hobart, IN 46342
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      960 SF

      Downtown Hobart Retail/Office Space

      Corner retail/office space in downtown Hobart with high visibility.
      347 Main St, Hobart, IN 46342
      View Details
    • $12 SF/Yr
      1,500 SF

      Retail Space in Hobart Center

      Retail space available in The Pavilions of Hobart.
      1417-1461 S Lake Park Ave, Hobart, IN 46342
      View Details
    • $17 SF/Yr
      7,279 SF

      Hobart Office Space Available

      Prime Hobart location, 620 sq ft office suite.
      904 Old Ridge Rd, Hobart, IN 46342
      View Details
    • $14 SF/Yr
      182,337 SF

      North Ridge Center Retail Space

      Lake County retail space, multiple units available.
      7760 Ridge Rd, Hobart, IN 46342
      View Details
    • $14 SF/Yr
      2,880 SF

      Retail Space in Hobart Center

      Retail space for lease in Pavilions of Hobart.
      1403-1413 Lake Park Ave, Hobart, IN 46342
      View Details
    • $12 SF/Yr
      15,120 SF

      Former Walgreens Retail Space Available

      15,068 SF retail space on 1.53 acres for lease.
      1605 E 37Th Ave, Hobart, IN 46342
      View Details
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    Hobart, IN 46342-2168
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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