683 W 700 - Lobsiger 46 Acres
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683 W 700 - Lobsiger 46 Acres
46 Acres of Residential Land Offered at $1,357,000 in Hobart, IN 46342
Investment Highlights
- Great location near residential development
- Can be annexed to Portage
- 46 acres of level farmland on the SW corner of 700 N & 625 W
- Minutes from major retail, commercial and residential
- Approx 1 1/4 mile from Willowcreek & US Hwy 6, the primary intersection in Portage
- Current Ag taxes are $1,571 / year for low carrying cost
Executive Summary
The subject property consists of 2 parcels totaling 46 acres (+/-) with frontage on 700 N and 625 W. The property is leased for agriculture presently and has always part of a been a family farm. The Bauer Farms project has Phase 1 under development with 62 lots and future phases to follow. The property can be annexed to Portage and is directly South of Cardinal Crossing, another residential development. The property is just West of Willowcreek (the main North South road thru Portage) and 1 mile South of US Hwy 6 which is fully developed with Commercial retail and services. Excellent location in a growing community with grocery stores, retail, restaurants all within a couple minute drive. Current zoned Rural Residential but zoning can be changed when annexed to Portage. Current annual real estate taxes of $1,571 provide low carrying cost.
Property Facts
| Price | $1,357,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 46.00 AC |
| Price | $1,357,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 46.00 AC |
1 Lot Available
Lot
| Price | $1,357,000 | Lot Size | 46.00 AC |
| Price Per AC | $29,500 |
| Price | $1,357,000 |
| Price Per AC | $29,500 |
| Lot Size | 46.00 AC |
Level rectangular shaped parcel with frontage on 625 W & 700 N, adjacent to the new residential development Bauer Farms a DR Horton Residential Development. Property is currently farmed and features 1327' frontage on 700 N & 1500' frontage on 625 W
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $84,800 | Total Assessment | $84,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$84,800
Improvements Assessment
$0
Total Assessment
$84,800
zoning
| Zoning Code | Rural Residential (Currently zoned Rural Residential as it is in Porter County jurisdiction. Property can be annexed to Portage with different zoning by new Owner.) |
| Rural Residential (Currently zoned Rural Residential as it is in Porter County jurisdiction. Property can be annexed to Portage with different zoning by new Owner.) |
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683 W 700 - Lobsiger 46 Acres
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