NOT LISTED FOR SALE

Estimated Value: $1,270,007 - $2,763,000

16 Beds
5 Baths
5,643 Sq Ft
$331/Sq Ft Est. Value

Last Sold April 26, 2016

Last sale price $800,000 $142 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $11,320/month

326 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Landscaped
  • Binford Elementary School Rated A
  • Double Pane Windows
  • 3-minute walk to Harmony School Neighborhood Playground

About This Home

As of April 2016

Due to health problems seller is selling this 15 bedroom, 5 bath boarding house is located one block from IU campus, close to fraternities, sororities, bookstore and various IU schools. Building includes deck, onsite parking, 2 kitchens, 3 kitchens, central office, fireplaces, hardwood floors, central laundry, unique woodwork, occupancy permit just updated. Historical desigantion on this property.

Last Agent to Sell the Property

Jason Millican

Jason Millican Group Listed on: 06/03/2015

Last Buyer's Agent

Jeff Brawley

Brawley Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,097

Year Built

  • Built in 1979

Lot Details

  • 8,712 Sq Ft Lot
  • Landscaped
  • Level Lot

Home Design

  • Traditional Architecture
  • Asphalt Roof
  • Wood Siding
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 5 Full Bathrooms

Finished Basement

  • Block Basement Construction
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement

Parking

  • 11 Parking Spaces
  • Driveway
  • Paved Parking

Schools

  • Rogers/Binford Elementary School
  • Jackson Creek Middle School
  • Bloomington North High School

Utilities

  • Central Air
  • Window Unit Cooling System
  • High-Efficiency Furnace
  • ENERGY STAR Qualified Water Heater

Additional Features

  • Energy-Efficient HVAC
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, parking
  • The owner pays for building insurance, cooling, electric, heating, lawn maintenance, maintenance, sewer, water
  • Assessor Parcel Number 53-08-04-102-038.000-009

Community Details

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Insurance Expense $3,000
  • Maintenance Expense $2,500
  • Water Sewer Expense $1,200

Additional Features

  • 15 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,097

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1979
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 16
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: 015-55070-00 Elm Heights Lot 25. |
  • Parcel Number ID: 53-08-04-102-038.000-009
  • Platted: Yes
  • Amenities: Basement, Fireplace, Storage, Countertops-Laminate, Deck Open, Landscaped, Water Heater Electric
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 5643
  • Total Finished Sq Ft: 5643
  • Above Grade Finished Sq Ft: 5016
  • Below Grade Finished Sq Ft: 627
  • Basement: Yes
  • Basement Foundation: Finished, Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl, Wood
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 627
  • Number Of Ranges Ovens: 5
  • Number Ttl Rooms Below Grade: 5

Exterior Features

  • Exterior: Stone, Wood
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Driveway: Asphalt
  • Number Of Parking Spaces: 11
  • Parking: Paved

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Conventional
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Water Company: Bloomington City Utility
  • Cable Company: Comcast
  • Hvac: High Efficiency Furnace
  • Annual Insurance Expense: 3000
  • Annual Maintenance Expense: 2500
  • Annual Water Sewer Expense: 1200
  • Number Of W D Hookups: 4

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Rogers/Binford

Lot Info

  • Lot Description: Level
  • Lot Dimensions: .20
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2

Green Features

  • Energy Efficient: HVAC, Water Heater
  • Energy Efficient Windows/Doors: Double Pane Windows

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Building Insurance, Cooling, Electric, Heating, Lawn Maintenance, Maintenance, Sewer, Water
  • Tenant Pays: Cable, Parking

Tax Info

  • Annual Property Tax: 9096.68

Multi Family

  • Number Of Dryers: 2
  • Number Of Refrigerators: 5
  • Number Of Units: 15
  • Number Of Washers: 2
  • Num Of Efficiencies: 15

MLS Schools

  • High School: Bloomington North
  • Middle School: Jackson Creek
  • School District: Monroe County Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2015
Closed on
Apr 26, 2016
Sold by
Windhorse Properties Llc
Bought by
Bmi Properties Llc
Seller's Agent
Jason Millican
Jason Millican Group
Buyer's Agent
Jeff Brawley
Brawley Real Estate
List Price
$1,200,000
Sold Price
$800,000
Premium/Discount to List
-$400,000
-33.33%
Current Estimated Value
$1,868,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,068,669
Avg. Annual Appreciation
9.22%

Purchase Details

Closed on
Feb 26, 2014
Sold by
Thunderbolt Properties Llc
Bought by
Windhorse Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bmi Properties Llc -- None Available
Windhorse Properties Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2016 04/26/16 Sold $800,000 -33.3% $142 / Sq Ft
04/24/2016 04/24/16 Pending -- -- --
06/03/2015 06/03/15 For Sale $1,200,000 -- $213 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $17,895 $874,100 $214,500 $659,600
2023 $8,364 $790,500 $214,500 $576,000
2022 $16,390 $809,500 $214,500 $595,000
2021 $15,685 $756,700 $214,500 $542,200
2020 $15,640 $756,700 $214,500 $542,200
2019 $16,203 $770,600 $214,500 $556,100
2018 $16,524 $784,100 $214,500 $569,600
2017 $16,613 $786,600 $214,500 $572,100
2016 $9,116 $439,200 $214,500 $224,700
2014 $9,097 $436,900 $214,500 $222,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201525713

Indiana Regional MLS

APN: 53-08-04-102-038.000-009