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224 N Kelly St, Hobart, IN, 46342

2beds
2baths
1,305sqft
$239,900
$184price/sqft
$1,709/moest. monthly cost
$68,360/yrincome needed

About This Home

Hard to find and even harder to replace -- this 2 bedroom, 2 bathroom Hobart home sits on a half-acre lot in town with nature as your only back neighbor. Whether you're searching for your first home or looking to downsize without giving up privacy and outdoor space, this property delivers a setting that simply feels different. Inside, the home offers a comfortable layout with a primary bedroom that walks directly out to the backyard deck, creating the perfect spot for peaceful mornings or quiet evenings overlooking the tree-lined backdrop. The combination of in-town convenience and a backyard view like this is rare. Located close to shopping, dining, parks, and commuter routes while still offering the feeling of your own private retreat. If you've been searching for a home with space, scenery, and potential to make your own, this Hobart property deserves a look.

Getting Around

30
WalkingCar-Dependent
0
TransitVery Limited Transit
51
BikeBikeable

Schools

7/10
6/10
Hobart Middle SchoolGrades 6-81.1 mi
7/10
Hobart High SchoolGrades 9-121.8 mi

Construction

Condition

  • Year built: 1890

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Washer,Refrigerator,Range

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedroom2

  • Level: Main
  • Area: 72
  • Dimensions: 9.0 x 8.0

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1

Dining Room

  • Level: Main
  • Area: 171
  • Dimensions: 19.0 x 9.0

Features

  • Ceiling Fan(s),Walk-In Closet(s)
  • Finished area above ground: 1,305

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total structure area: 1,305
  • Total interior livable area: 1,305 sqft

Kitchen

  • Level: Main
  • Area: 195
  • Dimensions: 15.0 x 13.0

Living Room

  • Level: Main
  • Area: 180
  • Dimensions: 15.0 x 12.0

Primary Bedroom

  • Level: Main
  • Area: 234
  • Dimensions: 18.0 x 13.0

Property

Details

  • Parcel number: 450929402022000018
  • Special condition: None

Features

  • Levels: One
  • Has view: Yes
  • View description: Neighborhood,Trees/Woods

Lot

  • Lot size: 0.51 Acres
  • Features: Back Yard,Private,Landscaped,Front Yard

Parking

  • Parking features: Driveway
  • 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
    Cold WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
Inland Flooding
Winter Weather
Tsunami

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

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

MonthlyAnnual
Mortgage $1,213$14,556
Home Insurance *$165$1,980
Property Taxes $147$1,764
Electricity $184$2,212
Total$1,709$20,508
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$58,594/yr
40% on housing$51,270/yr
45% on housing$45,573/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How 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.

Insurance Growth Rate5-year average: 9.6%
9.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$184This listing

vs Other Active Listings

Avg $/sqft

ZIP 46342$115
Lake County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 46342$144
Lake County$150

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

DateEventPrice
2026-08-18Price change$225,000
2026-07-28Listed for sale$239,900
2026-07-15Pending sale$239,900
2026-06-06Listed for sale$239,900
2026-05-30Pending sale$239,900
2026-05-27Listed for sale$239,900
2021-11-05Sold$125,000

For Sale by Agent

AgentFernando Alanis
BrokerageListing Leaders Northwest

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