6705 E Ridge Rd

Hobart, Indiana, 46342

Tax LienpendingSells Sep 8, 2026 · 25 days ago

View on map ↗

Opening bid

$22,128

Assessed value

$387,100

Land $54,100Improvement $333,000

Market / AVM

$417,000

Taxes owed

—

Parcel number: 45-09-29-101-005.000-018
Case number: —
Land use: Residential
Beds / baths: 5 bd · 5 ba
Building: 3,856 sqft
Acreage: 1.77
Lot size: 76,994 sqft
Year built: 1946
Owner of record: John Warren Jr
Last sale: $360,000 · 2022-03-21

Property facts enriched via realestateapi · 8/25/2026

Aerial view of 6705 E Ridge Rd — the parcel

Aerial view of 6705 E Ridge Rd — what is around it

Property detail

RealEstateAPI PropertyDetail · Every populated field, as returned · 223 values

Summary(24)

Id	28,010,593
Beds	5
Baths	5
Mfh2to4	Yes
Cash buyer	Yes
Free clear	Yes
Mls status	Off Market
High equity	Yes
Notice type	FOR
Last sale date	2022-03-21

County records

Official appraiser / assessor — free, always available. Copy the parcel number if the link opens a search page.

Google Maps (parcel / address search) ↗

Lake County rules

Sale type: Tax Lien
Redemption: 1 year from sale
Return if redeemed: 10–15% plus 5–10% penalty depending on timing
Statute: Indiana Code Title 6, Art. 1.1

Full county profile →

Historical comps

No historical bucket for IN|Tax Lien

No recorded comps yet for this state/sale type. Run deedpilot-copilot import-history --deep and build-history-index.

Index 2026-08-01 · 87,879 total recorded outcomes

Liens that survive

Tax sale certificate is not ownership. Mortgages, federal liens, municipal demolition/code liens, and environmental issues are common in older industrial cities — full search required before bidding and before deed.

Quiet title

After tax deed, title insurers typically require quiet title before insuring marketable title, especially on vacant or multi-lien urban parcels.

Verify before you bid

This record was compiled from the published sale list. Parcels are pulled, redeemed, and re-priced up to the moment of sale. Confirm the lot is still in the sale, and confirm the opening bid, directly with the county.

Lake County Treasurer / Auditor Tax Sales ↗

Deal analysis

Your maximum bid

$243,781

Walk away above this. Projected profit at the ceiling: $125,100 (30% of ARV).

Opening bid $22,128

Room to bid $221,653

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$101,038

Under max by $142,743

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

—

Median sold

—

p(redeem) prior

—

No historical bucket for IN|Tax Lien; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $417,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $417,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$33,360
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical IN range ($1,500–$5,000, ~4 months).: −$3,250
Deed recording and transferassumed Typical IN recording and deed issuance cost.: −$250
Holding costs (18 months)assumed Taxes, insurance, and securing the property at ~$626/month.: −$11,259
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$125,100
Maximum bid: $243,781

If the owner redeems

Flat penalty

10%

You'd receive

$24,378

Window

365 days

IN sells liens: the expected outcome is redemption with interest, not ownership. Taking title needs a separate foreclosure after 365 days.

Quoted elsewhere as 20% annualised — true only if they redeem on the last possible day and you immediately redeploy the capital. Treat the flat penalty as the real number.

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. THE PENALTY BASE IS THE MINIMUM BID, NOT YOUR BID. 110%/115% under IC 6-1.1-25-2 is computed on the minimum bid; the amount you paid above it earns only 5% per annum, and only for sales after 2014-06-30. Indiana sells by premium bidding, so on any competitive parcel the modelled tier overstates the return — a $1,200 minimum taken at $6,000 returns 10% on $1,200 and 5%/yr on $4,800, not 10% on $6,000. Treat the computed penalty as a ceiling until the type carries a penalty base.
Indiana's ratio is 1.0, but IC 6-1.1-31-6(c) says in terms that true tax value DOES NOT mean fair market value — it means market value-in-use, the value of the parcel for its current use. On a derelict or under-used parcel, which is most of what reaches a tax sale, value-in-use can sit well below what the land would fetch redeveloped, and on special-purpose property it can sit above. A 1.0 ratio here is not a licence to treat the assessment as an appraisal; get comparable sales.

AI risk brief

Reads this parcel against LakeCounty's rules and flags what could go wrong — surviving liens, redemption exposure, title cost, and the facts we don't have. Takes about 35 seconds; the result is saved, so opening this lot again is instant.

28,010,593

Beds

Baths

Mfh2to4

Yes

Cash buyer

Yes

Free clear

Yes

Mls status

Off Market

High equity

Yes

Notice type

FOR

Last sale date

2022-03-21