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7047 Osborn Avenue

7047 Osborn Avenue, Hammond, IN 46323
Property in North
Sold Jul 30, 2020
$11,016,200
$11,253,000 by Draper & Kramer Mortgage Corp
Mortgage Due Aug 01, 2050
7047 Osborn Avenue has been categorized by the local assessors in Hammond, IN as a residential type of property. The building on the property was first built in 1899 and is 125 years old. However, we must point out that the home was most recently renovated and altered in 1960. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 7047 Osborn Avenue has 2,294 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 1,012 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,260 ft and across the front of the lot is 1,120 ft. The area measurement of the land has been determined as 7,754 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 600 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The roof of the building is made of asphalt. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 7047 Osborn Avenue was last sold in Jul 24, 2020 for $11,016,200. According to our calculations, that's $3,332.18 per sqft. Current property owners are expected to pay $2,068 in taxes per year. The property on 7047 Osborn Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $179,100. To break that down further, the land itself was valued at $42,600. While improvements to the property were assessed at a total of $136,500. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Aluminum Siding

Parking

Detached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1899
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Duplex
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Partial basement
  • Basement Area: 1,012
  • Garage Type: Detached
  • Garage Square Area: 600
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,754
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 1,120
  • Total Building Area: 3,306
  • Gross Building Area: 3,306
  • Building Area: 2,294
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,294
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.178
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Business personal property general
  • Legal Description 1: W2. OF S.1AC. OF W2. E2. NW. SW. S.9 T.36 R.9 .322AC. TAXABLE .178AC. NON TAX.

Ownership

  • Current Owner : RILEY WILLIAM BRIAN
  • Previous Owner : DAVIS CHARLES L
  • Previous Owner 2: DAVIS CHARLES LONNIE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hammond School City
  • Census Tract: 020900

Geography

  • Assessors Map Reference: MP I37-154 22
  • District: 0007
  • Section: 9
  • Parcel: 45-07-09-304-025.000-023
  • Lot: 1
  • Municipality: NORTH TOWNSHIP
  • Latitude: 41.585
  • Longitude: -87.4685

    Address

  • Full Address: 7047 Osborne Ave
  • Address - House Number: 7047
  • Address - Street Name: Osborne
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: Hammond
  • Carrier Code: C030
  • 4-Digit Zip Code: 2144
  • Zip Code: 46323

Valuation

    Tax

  • Total Area: 3,306
  • Tax Year: 2022
  • Tax Amount: $2,068
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.4441
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 11
  • Final Value: 133,592
  • High Value: 192,927
  • Low Value: 74,256

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $11,253,000
  • First Open Lien Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jul 30, 2020
  • First Open Lien Mortgage Loan Amount: $11,253,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2050

    Market Valuation

  • Market Total Value: $179,100
  • Market Land Value: $42,600
  • Market Improvement Value: $136,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $179,100
  • Assessed Land Value: $42,600
  • Assessed Improvements Value: $136,500

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 24, 2020
  • Current Sale Recording Date: Jul 30, 2020
  • Current Sale Transaction ID: 11776009244
  • Current Sale Price: $11,016,200
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020 048935

    Last Sale Mortgage

  • First Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Mortgage Transaction Date: Jul 30, 2020
  • First Mortgage Loan Amount: $11,253,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Aug 01, 2050

About Hammond



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Nearby Rentals

Unit for rent at

$810 /mo

  • 1 Bed
  • 1 Bath
  • 475 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 7047 Osborn Avenue located in?
The 7047 Osborn Avenue is a other located in the neighborhood of North in Hammond, Hammond.
What is the average sales price for listings in 7047 Osborn Avenue?
The average sales price for units in 7047 Osborn Avenue is $115,000 , or $50/sqft. currently.

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