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$193,900 Sale Pending
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Property 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!
Full Property Details
Full Property Details for 650 Water St
General
- Price: $193,900
- Taxes: $1,432 (2025)
- Status: Pending
- Type: Single Family
- Source: GNIAR
- MLS ID: 841592
- Updated: 9/24/2026
- Added to Site: 101 day(s) ago
Interior
- Number of Rooms: 5
- Interior Features: Ceiling Fan(s)
- Appliances: Dryer, Refrigerator, Microwave, Gas Water Heater, Gas Range, Dishwasher
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Additional Information
- Spa Description: Bath
Exterior
- Exterior Features: Private Yard, Storage, Rain Gutters
Parking
- Garage Spaces: 1.5
- Parking Features: Detached, On Street, Driveway, Additional Parking, Garage Door Opener
Location
- County: Lake
- Township: Hobart
- Subdivision: George & William Earles 02
- Driving Directions: North on Hwy 51, East to 10th St, Turn Left (North) on Water St. Home on Left (West) side.
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Structural Information
- Square Feet: 864
- Year Built: 1905
Lot Features
- Lot Size (Acres): 0.18
- Lot Size (Sq. Ft.): 7,840.8
- Lot Features: Back Yard, Landscaped, Front Yard
Financial Considerations
- Tax Amount: $1,432.46
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: GEO. & WM. EARLE'S 2ND SUBDIV. ALL LOTS 13 & 14 BL.7
- Property ID: 450932302008000018
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Schools
Schools serving 650 Water St
School District:Hobart School City
| Name | Grades | Distance |
|---|---|---|
Joan Martin Elementary School 301 East 10th Street, Hobart, IN 46342 | K-6 | 0.5 mi |
Hobart High School 2211 East 10th Street, Hobart, IN 46342 | 8-12 | 1.4 mi |
The Early Lrn Center At George Earle 400 North Wilson Street, Hobart, IN 46342 | PK-K | 1.7 mi |
Hobart Middle School 36 East 8th Street, Hobart, IN 46342 | 6-8 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 650 Water St
Date
Details
Price
Change
Source
9/13/2026
Price Reduced
$193,900
-7.22%
MLS
7/01/2026
Listed
$209,000
78.61%
MLS
1/20/2022
Sold
$117,012
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 650 Water St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,686
—
$136,200
8%
2024
$1,686
-67%
$126,100
—
2023
$5,168
281%
$126,600
7%
2022
$1,356
-66%
$118,000
14%
2020
$4,031
15%
$103,600
-1%
2019
$3,492
—
$105,100
4%
2019
$3,492
23%
$100,800
2%
2018
$2,842
-4%
$98,900
6%
2017
$2,947
—
$93,400
—
2017
$2,947
11%
$93,500
1%
2016
$2,663
-1%
$92,800
-1%
2015
$2,698
-28%
$93,600
-11%
2013
$3,745
162%
$105,100
-5%
2012
$1,430
—
$111,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 650 Water St
650 Water Street, Hobart, IN 46342 (MLS# 841592) is a Single Family property with 2 bedrooms and 1 full bathroom. 650 Water Street is currently listed for $193,900 and was received on July 01, 2026. Want to learn more about 650 Water Street? Do you have questions about finding other Single Family real estate for sale in Hobart? You can browse all Hobart real estate or contact a Coldwell Banker agent to request more information.

