NOT LISTED FOR SALE

1026 S Palmer Ave Bloomington, IN 47401

Bryan Park Neighborhood

Estimated Value: $301,000 - $655,000

4 Beds
2 Baths
2,016 Sq Ft
$241/Sq Ft Est. Value

Last Sold March 11, 2016

Last sale price $137,000 $68 Per Sq Ft

Est. 255% increase in value since last sale

Current estimated payment $3,124/month

117 Days on Market

Highlights

  • Corner Lot
  • Covered Patio or Porch
  • Carpet
  • Jackson Creek Middle School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of March 2016

Great investment opportunity. Duplex is super-close to Bryan Park and an easy trip to Indiana University and downtown. Rent out both units or live in one and rent out the other. Each unit has two bedrooms, one bathroom, and common space. Back unit was remodeled and is rented to short-term tenants at $750 /mo. Front unit has brand new carpet and is recently vacant. Both units have been reliably rented for many years. Occupancy permit allows 6 unrelated adults--3 in each unit--valid until 2018.

Last Agent to Sell the Property

Zakary Szymanski

Stellar Realty Group Listed on: 10/08/2015

Last Buyer's Agent

Tracee Lutes

RE/MAX Acclaimed Properties

RE/MAX Acclaimed Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,920

Year Built

  • Built in 1950

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66 x 126
  • Corner Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Driveway
  • Off-Street Parking

Schools

  • Templeton Elementary School
  • Jackson Creek Middle School
  • Bloomington South High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable
  • Assessor Parcel Number 53-08-04-302-019.000-009

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,920

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1950
  • Age: 66
  • Style: One and Half Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 015-45130-00 Capital Lot 56 |
  • Parcel Number ID: 53-08-04-302-019.000-009
  • Platted: Yes
  • Amenities: Fireplace, Near Walking Trail, Cable Ready, Porch Covered
  • Cross Street: Davis
  • Grid: Southeast Bloomington Cit-3000
  • Location: City/Town/Suburb, Near College Campus, Near Walking Trail
  • Sp Lp Percent: 85.68
  • Year Taxes Payable: 2015
  • Special Features: None

Interior Features

  • Total Sq Ft: 2016
  • Total Finished Sq Ft: 2016
  • Above Grade Finished Sq Ft: 2016
  • Price Per Sq Ft: 67.96
  • Basement Foundation: Slab
  • Flooring: Carpet
  • Main Level Sq Ft: 1616
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Asphalt, Shingle
  • Stories: 1.5

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 6
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Water Company: Bloomington City Utility
  • Cable Company: Comcast
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Monroe County Community School Corp.
  • Elementary School: Templeton
  • Middle School: Jackson Creek
  • High School: Bloomington South
  • Elementary School: Templeton

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 66 x 126
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2
  • Lot Number: 56
  • Expiration Of Permit: 06/30/2018

Rental Info

  • Tenant Pays: Cable

Tax Info

  • Annual Property Tax: 2920

Multi Family

  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 1

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2015
Closed on
Mar 8, 2016
Sold by
Branstine Elizabeth and Branstine Daniel L
Bought by
Short Timothy and Short Denise
Seller's Agent
Zakary Szymanski
Stellar Realty Group
Buyer's Agent
Tracee Lutes
RE/MAX Acclaimed Properties
List Price
$159,900
Sold Price
$137,000
Premium/Discount to List
-$22,900
-14.32%
Current Estimated Value
$485,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$348,923
Avg. Annual Appreciation
14.16%
Source: Public Records

Range of Values:

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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
Short Timothy -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2016 03/11/16 Sold $137,000 -14.3% $68 / Sq Ft
02/02/2016 02/02/16 Pending -- -- --
10/08/2015 10/08/15 For Sale $159,900 -- $79 / 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 $6,576 $335,400 $102,800 $232,600
2023 $5,678 $268,300 $102,800 $165,500
2022 $4,819 $238,000 $89,400 $148,600
2021 $4,289 $206,900 $80,900 $126,000
2020 $3,253 $157,400 $71,200 $86,200
2019 $2,904 $138,100 $40,500 $97,600
2018 $2,908 $138,000 $40,500 $97,500
2017 $2,891 $136,900 $40,500 $96,400
2016 $3,074 $148,100 $64,600 $83,500
2014 $2,919 $140,200 $64,600 $75,600
Source: Public Records

Agents Affiliated with this Home

  • Zakary Szymanski

    Seller's Agent in 2016

    Zakary Szymanski

    Stellar Realty Group

    (812) 219-0845

    7 in this area

    143 Total Sales

    Zakary Szymanski
    Section Image
  • Tracee Lutes

    Buyer's Agent in 2016

    Tracee Lutes

    RE/MAX

    (812) 322-2650

    1 in this area

    254 Total Sales

    Tracee Lutes
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201547614

Indiana Regional MLS

APN: 53-08-04-302-019.000-009

Indiana Monroe County Bloomington 47401 Bryan Park

1026 S Palmer Ave, Bloomington, IN

This home is located at 1026 S Palmer Ave, Bloomington, IN 47401 since 08 October 2015 and is currently estimated at $485,923, approximately $241 per square foot. This property was built in 1950. 1026 S Palmer Ave is a home located in Monroe County with nearby schools including Templeton Elementary School, Jackson Creek Middle School, and Bloomington High School South.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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