About This Home

This 2-bedroom, 1-bathroom single family at 650 Water Street in Hobart, IN is listed for $193,900 ($224 per sqft). Built in 1905, the home offers 864 sqft of living space on a 0.18 acres lot.

Key Features

  • Built in 1905
  • 0.18 acre lot
  • Waterfront

Property Details

1 story
1 full
1-car garage
1905

Amenities

WaterfrontView
Listing Description

LAKEFRONT RETREAT ON BEAUTIFUL LAKE GEORGE -- NEW PRICE & MAJOR EXTERIOR UPDATES APPROVED! Big improvements are already in motion! Insurance has approved the replacement of the roofs, soffit, fascia, and gutters on both the house and detached garage, and a contractor has been hired to complete the work.

This is a significant improvement already being addressed, adding value and peace of mind for the next owner. Now is the opportunity to take another look at this charming lakefront 2-bedroom, 1-bath ranch-style bungalow with beautiful lake views and incredible potential.

Whether you're looking for a year-round residence, weekend getaway, or investment opportunity, this private Lake George property offers a unique combination of location, character, and opportunity. Inside, you'll find hardwood flooring, a spacious kitchen, and a large bathroom featuring a relaxing whirlpool tub.

The expansive double-tier deck overlooking the lake is perfect for entertaining, relaxing, or enjoying the peaceful waterfront setting. A covered front porch offers another inviting space to take in the tranquil surroundings. The property includes a detached 1.5-car garage and a large shed/outbuilding for additional storage or workspace, plus a fenced-in backyard.

A brand-new HVAC system and gas water heater were installed within the past year along with a new water main shutoff in the basement and at the road. All existing appliances are included. Additional highlights include low property taxes, NO HOA, an unfinished basement with an open partial crawlspace, and a convenient location close to major roads, the hospital, shopping, schools, and dining.

With a new price and major exterior improvements already approved through insurance and scheduled with a hired contractor, this lakefront property presents an exciting opportunity to own a home on Lake George and make it your own. Come see the potential and enjoy the views!

Monthly Cost Estimate

$1,037/mo

20% down · 6.5% · 30 years

Principal$140
Interest$840
Insurance$57

Estimates only. Actual payments may vary.

Location

650 Water Street

Hobart, IN 46342

George & William Earles 02

Features & Amenities

Interior Features

Ceiling Fan(s)

Exterior Features

Private YardStorageRain Gutters

Property Details

Views

WaterLake

Outdoor Features

DeckPorch

Parking

DrivewayOpenOn Street

Heating

Natural GasForced Air

Appliances

DryerRefrigeratorMicrowaveGas Water HeaterGas RangeDishwasher

Questions & Answers

This 2-bedroom, 1-bathroom single family at 650 Water Street is listed at $193,900 ($224/sqft). The estimated monthly payment is $1,037 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1905, 0.18 acre lot, Waterfront. Interior Features: Ceiling Fan(s). Exterior Features: Private Yard, Storage, Rain Gutters.

This property is listed by Chase Pivarnik.

CP

Chase Pivarnik

Agent at Realty Executives Premier

Listed by Realty Executives Premier · Broker phone: (219) 462-2224 · View on Broker Site · Broker website

MLS# 841592· Source: Greater Northwest Indiana Association of REALTORS· 119 days on PropertySimple

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

650 Water Street, Hobart, IN 46342

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