Skip to content
Skip to content
TopHapOpen in map
Single Family ResidenceResidential
$183,148$219 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 88How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

488 N COLORADO ST

HOBART, IN 46342
3
Beds
1
Baths
838 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.12 ac
Lot SizeThe size of the land the home sits on, from county records.
1944
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$183K
$162K low$204K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,477 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$145,600 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$24,900
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$120,700
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$98,900
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$145,600

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyLake
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1965
Lot (acres)The size of the land the home sits on, from county records.0.12
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Raised (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Veterans Elementary School at MundellB
Elementary · Grades 1–5 · 0.6 mi
M
Hobart Middle SchoolB-
Middle · Grades 6–8 · 1.6 mi
H
Hobart High SchoolB+
High · Grades 9–12 · 2.8 mi

District: Hobart School City

Neighborhood · ZIP 46342These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.92
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.114
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.33

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.94%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.16%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.13%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.7%
PopulationHow many people live in this area.34,233
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.920 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$70,550
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$84,392
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.39 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.60%

Owner Tools

Do you own this home?
Claim this home

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

488 N Colorado St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 80% of homes in Hobart 46342
  • Costs more per square foot than 92% of homes in Hobart 46342
  • Smaller than 95% of homes in Hobart 46342
  • Has a smaller lot than 93% of homes in Hobart 46342
  • Older than 82% of homes in Hobart 46342

What homes are worth in Hobart 46342

Each bar is how many homes fall in that price range. The marker is this home.

This home
$116K$453K

This home is worth more than 20% of homes in Hobart 46342.

How it measures up in Hobart 46342

The dot is this home. The mark in the middle is the typical home in Hobart 46342.

Estimated value$183,148
CheaperTypical $240,585Pricier

Pricier than 20% of homes nearby

Price per ft²$219
CheaperTypical $160Pricier

Pricier than 92% of homes nearby

Living area838 ft²
SmallerTypical 1,632 ft²Bigger

Bigger than 5% of homes nearby

Lot size0.12 ac
SmallerTypical 0.22 acBigger

Bigger than 7% of homes nearby

Year built1944
OlderTypical 1961Newer

Newer than 18% of homes nearby

How 488 N Colorado St ranks against every home in each area.
MeasureThis homeHobart 46342Lake County
Estimated valuepricier than$183,14820% of homes31% of homes
Price per ft²pricier than$21992% of homes86% of homes
Living areabigger than838 ft²5% of homes5% of homes
Lot sizebigger than0.12 ac7% of homes19% of homes
Year builtnewer than194418% of homes22% of homes

About 488 N Colorado St

How much is 488 N Colorado St, Hobart, IN worth?

The TopHap Estimate for 488 N Colorado St, Hobart, IN is $183,148 as of Sep 24, 2026. The likely range is $161,848 to $204,448. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

How big is 488 N Colorado St, Hobart, IN?

488 N Colorado St, Hobart, IN has 3 bedrooms, 1 bathrooms, 838 square feet of living space and a 0.12-acre lot.

When was 488 N Colorado St, Hobart, IN built?

488 N Colorado St, Hobart, IN was built in 1944, making it 82 years old. The building has 1 story.

What schools serve 488 N Colorado St, Hobart, IN?

488 N Colorado St, Hobart, IN is assigned to Veterans Elementary School at Mundell (elementary), rated B; Hobart Middle School (middle), rated B-; Hobart High School (high), rated B+. All sit in Hobart School City. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 488 N Colorado St, Hobart, IN compare to other homes in Hobart 46342?

Among the 11,563 homes in Hobart 46342, it is worth more than 20% of them ($183,148 against a typical $240,585), its price per square foot is higher than 92% of them ($219 against a typical $160), it is bigger than 5% of them (838 ft² against a typical 1,632 ft²), its lot is bigger than 7% of them (0.12 ac against a typical 0.22 ac) and it is newer than 18% of them (1944 against a typical 1961). Measured against all of Lake County, it is worth more than 31% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 488 N Colorado St, Hobart, IN?

The 2024 property tax bill for 488 N Colorado St, Hobart, IN was $2,477. The county assessed it at $145,600.

More homes on N Colorado St

Closest homes

More homes in Hobart 46342

Assigned schools

Explore the area

See this home in context

Open 488 N Colorado St on TopHap’s interactive map to compare it against every sale nearby, overlay school zones and flood risk, and run a CMA.

Open in map
A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map