NOT LISTED FOR SALE

1040 Cherry Ln Peru, IN 46970

Estimated Value: $171,312 - $212,000

3 Beds
2 Baths
1,588 Sq Ft
$127/Sq Ft Est. Value

Last Sold October 11, 2016

Last sale price $90,000 $57 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $1,106/month

88 Days on Market

Highlights

  • Ranch Style House
  • Partially Wooded Lot
  • Forced Air Heating and Cooling System
  • Elmwood Primary Learning Center Rated A-
  • 2 Car Attached Garage
  • Storm Doors

About This Home

As of October 2016

You can move right in to this one story, ranch style home with three bedrooms and two bathrooms. The updated kitchen has stainless steel appliances and opens to a family room or nook. A formal dining room opens to the living room and is very spacious. Both bathrooms have also been updated and the attached 2- car garage is finished. The home has a newer roof and a large open back yard.

Last Agent to Sell the Property

Scott Shepherd

Spear Real Estate, Inc Listed on: 06/06/2016

Last Buyer's Agent

Natalie Mantica

Spear Real Estate, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $440

Year Built

  • Built in 1974

Lot Details

  • 0.35 Acre Lot
  • Level Lot
  • Irregular Lot
  • Partially Wooded Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • Crawl Space
  • Storm Doors

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • South Peru Elementary School
  • Peru Middle School
  • Peru High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Energy-Efficient Windows
  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 52-08-35-301-105.000-023

Home Details

Home Type

Single Family

Est. Annual Taxes

$440

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1974
  • Age: 42
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 8
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: PARKVIEW HEIGHTS 4TH AD, 3RD SEC.; LOT 283 |
  • Parcel Number ID: 52-08-35-301-105.000-023
  • Platted: Yes
  • Amenities: Garage Door Opener
  • Location: City/Town/Suburb
  • Sp Lp Percent: 94.84
  • Year Taxes Payable: 2015
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1588
  • Total Finished Sq Ft: 1588
  • Above Grade Finished Sq Ft: 1588
  • Price Per Sq Ft: 56.68
  • Basement Foundation: Crawl
  • Flooring: Carpet, Laminate
  • Living Great Room: Dimensions: 18x12, On Level: Main
  • Kitchen: Dimensions: 13x12, On Level: Main
  • Dining Room: Dimensions: 14x12, On Level: Main
  • Family Room: Dimensions: 13x12, On Level: Main
  • Bedroom 1: Dimensions: 16x10, On Level: Main
  • Bedroom 2: Dimensions: 13x10, On Level: Main
  • Bedroom 3: Dimensions: 15x10, On Level: Main
  • Main Level Sq Ft: 1588
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Asphalt
  • Outbuilding1: None

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 20x20
  • Garage Sq Ft: 400
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Electric Company: Peru Utilities
  • Gas Company: NIPSCO
  • Water Company: Peru Utilities
  • Cable Company: Comcast
  • Laundry: Dimensions: Mainx8, On Level: 10

Schools

  • School District: Peru Community Schools
  • Elementary School: South Peru
  • Middle School: Peru
  • High School: Peru High School
  • Elementary School: South Peru

Lot Info

  • Lot Description: Irregular, Level, Partially Wooded
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 15355
  • Estimated Lot Size Acres: 0.35

Green Features

  • Energy Efficient: Windows
  • Energy Efficient Windows/Doors: Storm Doors

Tax Info

  • Annual Taxes: 439.8
  • Total Assessed Value: 81200
  • Exemptions: Mortgage

MLS Schools

  • High School: Peru High School
  • Middle School: Peru
  • School District: Peru Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2016
Closed on
Oct 11, 2016
Sold by
Baines Jeremy S and Baines Tammy L
Bought by
Spencer Robert A
Seller's Agent
Scott Shepherd
Spear Real Estate, Inc
Buyer's Agent
Natalie Mantica
Spear Real Estate, Inc
List Price
$94,900
Sold Price
$90,000
Premium/Discount to List
-$4,900
-5.16%
Current Estimated Value
$201,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,328
Avg. Annual Appreciation
9.31%
Original Mortgage
$86,526
Outstanding Balance
$55,173
Interest Rate
3.46%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$146,155

Purchase Details

Closed on
Jul 21, 2010
Sold by
Sterling Christopher Jc
Bought by
Baines Jeremy S and Baines Tammy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,724
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 18, 2007
Sold by
Stoner Barbara A
Bought by
Sterling Christopher J C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
6.54%
Mortgage Type
VA
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
Spencer Robert A -- None Available
Baines Jeremy S -- None Available
Sterling Christopher J C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spencer Robert A $86,526
Previous Owner Baines Jeremy S $94,724
Previous Owner Sterling Christopher J C $86,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2016 10/11/16 Sold $90,000 -5.2% $57 / Sq Ft
09/02/2016 09/02/16 Pending -- -- --
06/06/2016 06/06/16 For Sale $94,900 -- $60 / 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 $503 $122,800 $12,600 $110,200
2023 $503 $124,100 $12,600 $111,500
2022 $483 $100,100 $12,600 $87,500
2021 $474 $92,700 $12,600 $80,100
2020 $783 $87,800 $12,600 $75,200
2019 $936 $93,600 $12,600 $81,000
2018 $856 $93,600 $12,600 $81,000
2017 $675 $86,700 $12,600 $74,100
2016 $573 $81,200 $12,600 $68,600
2014 $387 $77,500 $12,600 $64,900
2013 -- $76,900 $12,600 $64,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201625659

Indiana Regional MLS

APN: 52-08-35-301-105.000-023