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Single Family ResidenceResidential
$228,082$140 / 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 94How 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

851 WATER ST

HOBART, IN 46342
4
Beds
2 / 1
Baths
1,626 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.
0.21 ac
Lot SizeThe size of the land the home sits on, from county records.
1947
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
8
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$228K
$214K low$242K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,198 (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.$215,100 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$42,700
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$172,400
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$185,600
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$215,100

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.0.21
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
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Shed · 120 ft²

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

E
Joan Martin Elementary SchoolB+
Elementary · Grades 1–5 · 0.2 mi
M
Hobart Middle SchoolB-
Middle · Grades 6–8 · 0.2 mi
H
Hobart High SchoolB+
High · Grades 9–12 · 1.3 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%

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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

851 Water 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.

  • Costs less per square foot than 66% of homes in Hobart 46342
  • Older than 79% 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
$117K$452K

This home is worth more than 44% 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$228,082
CheaperTypical $241,222Pricier

Pricier than 44% of homes nearby

Price per ft²$140
CheaperTypical $159Pricier

Pricier than 34% of homes nearby

Living area1,626 ft²
SmallerTypical 1,630 ft²Bigger

Bigger than 50% of homes nearby

Lot size0.21 ac
SmallerTypical 0.21 acBigger

Bigger than 49% of homes nearby

Year built1947
OlderTypical 1962Newer

Newer than 21% of homes nearby

How 851 Water St ranks against every home in each area.
MeasureThis homeHobart 46342Lake County
Estimated valuepricier than$228,08244% of homes44% of homes
Price per ft²pricier than$14034% of homes41% of homes
Living areabigger than1,626 ft²50% of homes44% of homes
Lot sizebigger than0.21 ac49% of homes55% of homes
Year builtnewer than194721% of homes25% of homes

About 851 Water St

How much is 851 Water St, Hobart, IN worth?

The TopHap Estimate for 851 Water St, Hobart, IN is $228,082 as of Sep 24, 2026. The likely range is $214,391 to $241,773. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 851 Water St, Hobart, IN last sell?

851 Water St, Hobart, IN last sold on Jul 28, 1986, according to the county's recorded deed.

How big is 851 Water St, Hobart, IN?

851 Water St, Hobart, IN has 4 bedrooms, 2 bathrooms, 1,626 square feet of living space and a 0.21-acre lot.

When was 851 Water St, Hobart, IN built?

851 Water St, Hobart, IN was built in 1947, making it 79 years old. The building has 2 stories.

What schools serve 851 Water St, Hobart, IN?

851 Water St, Hobart, IN is assigned to Joan Martin Elementary School (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 851 Water St, Hobart, IN compare to other homes in Hobart 46342?

Among the 11,562 homes in Hobart 46342, it is worth more than 44% of them ($228,082 against a typical $241,222), its price per square foot is higher than 34% of them ($140 against a typical $159), it is bigger than 50% of them (1,626 ft² against a typical 1,630 ft²), its lot is bigger than 49% of them (0.21 ac against a typical 0.21 ac) and it is newer than 21% of them (1947 against a typical 1962). Measured against all of Lake County, it is worth more than 44% 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 851 Water St, Hobart, IN?

The 2024 property tax bill for 851 Water St, Hobart, IN was $2,198. The county assessed it at $215,100.

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