650 Water St, Hobart, IN, 46342
About This Home
Lakefront Retreat on Lake George - Full of Charm & Opportunity! Enjoy peaceful lake living in this private ranch-style bungalow on beautiful Lake George! This charming two-bedroom, one-bath home offers stunning lake views and endless potential, making it an excellent opportunity for investors, a weekend getaway, or a year-round residence. Inside, you'll find hardwood flooring, a spacious kitchen, and a large bathroom featuring a relaxing whirlpool tub. The expansive double-tier deck overlooks the lake, providing the perfect space to entertain or unwind, while the covered front porch offers another inviting spot to enjoy the tranquil surroundings. The property also includes a detached 1.5-car garage and a large shed/outbuilding for additional storage or workspace with a fenced in back yard. A brand-new HVAC system & gas water heater was installed within the past year, and all existing appliances are included for added convenience. Additional highlights include low property taxes, NO HOA, an unfinished basement with an open partial crawlspace, and a fantastic location close to major roads, the hospital, shopping, schools and dining. If you're looking for a property with character, potential, beautiful lake views, and the opportunity to make it your own, this Lake George gem is a must-see!
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1905
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Refrigerator,Microwave,Gas Water Heater,Dishwasher
- Laundry features: Gas Dryer Hookup,Washer Hookup,Lower Level
Basement
- Has basement: Yes
- Basement: Crawl Space,Unfinished,Storage Space,Interior Entry,Daylight
Bedroom2
- Level: Main
- Area: 80
- Dimensions: 8.0 x 10.0
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Level: Main
- Area: 0
- Dimensions: 0.0 x 0.0
Features
- Ceiling Fan(s)
- Finished area above ground: 864
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total structure area: 864
- Total interior livable area: 864 sqft
Kitchen
- Level: Main
- Area: 294
- Dimensions: 21.0 x 14.0
Living Room
- Level: Main
- Area: 176
- Dimensions: 11.0 x 16.0
Primary Bedroom
- Level: Main
- Area: 120
- Dimensions: 10.0 x 12.0
Property
Details
- Parcel number: 450932302008000018
- Special condition: Standard
Features
- Levels: One
- Pool features: None
- Patio & porch: Covered,Porch,Front Porch,Deck
- Exterior features: Private Yard,Storage,Rain Gutters
- Has spa: Yes
- Spa features: Bath
- Has view: Yes
- View description: Lake,Water
- Has water view: Yes
- Water view: Lake,Water
- On waterfront: Yes
- Waterfront features: Lake Front,Lake Privileges
Lot
- Lot size: 7,840 sqft
- Features: Back Yard,Landscaped,Front Yard
Parking
- Total spaces: 1.5
- Parking features: Detached,On Street,Driveway,Additional Parking,Garage Door Opener
- Has garage: Yes
- Attached garage spaces: 1.5
- Covered spaces: 1.5
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Tornado
- Inland Flooding
- Lightning
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,056 | $12,672 |
| Home Insurance * | $143 | $1,716 |
| Property Taxes | $187 | $2,244 |
| Electricity | $184 | $2,212 |
| Total | $1,570 | $18,840 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-01 | Listed for sale | $209,000 |
| 2026-07-26 | Contingent | $209,000 |
| 2026-07-01 | Listed for sale | $209,000 |
| 2013-06-14 | Listing removed | $149,900 |
| 2013-03-06 | Listed for sale | $149,900 |
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