NOT LISTED FOR SALE

1080 W Thornridge Way Spencer, IN 47460

Estimated Value: $425,340 - $462,000

4 Beds
3.5 Baths
3,071 Sq Ft
$142/Sq Ft Est. Value

Last Sold April 21, 2023

Last sale price $429,000 $140 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,604/month

104 Days on Market

Highlights

  • Partially Wooded Lot
  • Solid Surface Countertops
  • 2 Car Attached Garage
  • Wood Flooring
  • Covered Patio or Porch
  • Double Vanity

About This Home

As of April 2023

Come see this beautiful Two-Story home built over a walk-out basement in Ridge Hill Run Subdivision just southwest of Spencer, about a mile, on a private street! This home has great street appeal with a large covered front porch and a wooded lot behind the home which includes 3 acres. The amazing spacious Kitchen has Amish built custom hickory cabinets, granite countertops, a breakfast bar, and stainless appliances. This 4 Bedroom 3.5 Bath home has over 3,000 square feet of finished living area with additional storage under the front porch. The home was built in 2007, is well insulated, and has a high efficiency gas furnace and high efficiency water heater, so the utility bills are low! As you walk through the home you will also notice the 6-panel wood doors, granite counter tops in the bathrooms and hardwood/tile/carpet flooring. The basement includes the 4th Bedroom, a full bath, a rec room, and a family room. The upper level has 3 Bedrooms, 2 Full Baths, a bonus room and conveniently located laundry room. Included with the sale – refrigerator, microwave, gas range, dishwasher, washer, dryer, bookcase in the basement family room, door bell camera, and window treatments. Not included - the additional security cameras are not included. Come see this beautiful home before it goes pending!

Last Agent to Sell the Property

Jim Stafford

Stafford Real Estate Listed on: 01/07/2023

Last Buyer's Agent

Teresa Livingston

Livingston Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,499

Year Built

  • Built in 2007

Lot Details

  • 3 Acre Lot
  • Rural Setting
  • Level Lot
  • Partially Wooded Lot

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • Poured Concrete
  • Shingle Roof
  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Entrance Foyer
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Double Vanity
  • Bathtub With Separate Shower Stall

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement

Schools

  • Spencer Elementary School
  • Owen Valley Middle School
  • Owen Valley High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • ENERGY STAR Qualified Water Heater
  • Septic System

Additional Features

  • Energy-Efficient HVAC
  • Covered Patio or Porch

Listing and Financial Details

  • Assessor Parcel Number 60-10-30-300-160.100-027

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,499

Year Built

Built in 2007

Lot Details

0

HOA Fees

$25 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 2007
  • Age: 16
  • Style: Two Story
  • Total Number of Rooms: 11
  • Total Number of Rooms Below Grade: 3
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 4
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Legal Description: Lot 10A Ridge Hill Run Subdivision
  • Parcel Number ID: 60-10-30-300-160.100-027
  • Platted: Yes
  • Amenities: Breakfast Bar, Ceiling Fan(s), Closet(s) Walk-in, Countertops-Solid Surf, Deck Open, Detector-Smoke, Disposal, Foyer Entry, Patio Open, Porch Covered, Six Panel Doors, Twin Sink Vanity, Stand Up Shower, Tub and Separate Shower, Tub/Shower Combination
  • Cross Street: US 231 Highway
  • Location: Rural Subdivision
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 100
  • Year Taxes Payable: 2022
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 3273
  • Total Finished Sq Ft: 3071
  • Above Grade Finished Sq Ft: 2170
  • Below Grade Finished Sq Ft: 901
  • Below Grade Sq Ft: 202
  • Price Per Sq Ft: 197.7
  • Basement: Yes
  • Basement Foundation: Full Basement, Walk-Out Basement, Partially Finished
  • Basement Material: Poured Concrete
  • Flooring: Hardwood Floors, Carpet, Tile
  • Living Great Room: Dimensions: 18x14, On Level: Main
  • Kitchen: Dimensions: 17x12, On Level: Main
  • Dining Room: Dimensions: 12x10, On Level: Main
  • Family Room: Dimensions: 22x12, On Level: Basement
  • Recreation Room: Dimensions: 15x12, On Level: Basement
  • Extra Room: Bonus Room, Dimensions: 14x14, On Level: Upper
  • Bedroom 1: Dimensions: 14x13, On Level: Upper
  • Bedroom 2: Dimensions: 13x12, On Level: Upper
  • Bedroom 3: Dimensions: 13x10, On Level: Upper
  • Bedroom 4: Dimensions: 14x10, On Level: Basement
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 1103

Exterior Features

  • Exterior: Stone, Vinyl
  • Roof Material: Shingle
  • Outbuilding1: None

Garage/Parking

  • Driveway: Concrete, Gravel
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 25x24
  • Garage Sq Ft: 600
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Septic
  • Water Utilities: Public
  • Electric Company: Duke Energy Indiana
  • Gas Company: Community NatGas(Spencer)
  • Water Company: BBP
  • Cable Company: AT&T
  • Laundry: Dimensions: Upperx6, On Level: 9

Condo/Co-op/Association

  • Association Restrictions: Yes
  • Association Fees: 300
  • Association Fees Frequency: Annually

Schools

  • School District: Spencer-Owen Community Schools
  • Elementary School: Spencer
  • Middle School: Owen Valley
  • High School: Owen Valley
  • Elementary School: Spencer

Lot Info

  • Lot Description: Level, Partially Wooded, Rolling, Slope
  • Lot Dimensions: See Aerial
  • Estimated Lot Sq Ft: 130680
  • Estimated Lot Size Acres: 3

Green Features

  • Energy Efficient: HVAC, Water Heater

Tax Info

  • Annual Taxes: 2498.8
  • Exemptions: Homestead, Mortgage, Supplemental

MLS Schools

  • High School: Owen Valley
  • Middle School: Owen Valley
  • School District: Spencer-Owen Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2023
Closed on
Apr 20, 2023
Sold by
Musgrave Jon D and Musgrave Jill
Bought by
Ross Timothy G and Ross Janadean Ruth
Seller's Agent
Jim Stafford
Stafford Real Estate
Buyer's Agent
Teresa Livingston
Livingston Realty
List Price
$439,000
Sold Price
$429,000
Premium/Discount to List
-$10,000
-2.28%
Views
83
Current Estimated Value
$436,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,585
Avg. Annual Appreciation
1.17%
Original Mortgage
$438,223
Outstanding Balance
$421,790
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
$19,194

Purchase Details

Closed on
Jun 16, 2022
Sold by
Musgrave Jon D and Musgrave Jill
Bought by
Musgrave Jon D and Musgrave Jill
Source: Public Records

Range of Values:

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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
Ross Timothy G -- None Listed On Document
Musgrave Jon D -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ross Timothy G $438,223
Previous Owner Musgrave Jon D $228,000
Previous Owner Musgrave Jon D $205,500
Previous Owner Musgrave Jon D $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2023 04/21/23 Sold $429,000 0.0% $140 / Sq Ft
02/25/2023 02/25/23 Price Changed $429,000 -2.3% $140 / Sq Ft
01/07/2023 01/07/23 For Sale $439,000 -- $143 / 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 $2,461 $322,800 $25,700 $297,100
2023 $2,323 $300,800 $25,600 $275,200
2022 $2,548 $280,600 $27,300 $253,300
2021 $2,499 $250,300 $27,000 $223,300
2020 $2,272 $236,900 $27,000 $209,900
2019 $2,196 $221,500 $22,400 $199,100
2018 $2,063 $208,300 $18,500 $189,800
2017 $1,885 $195,600 $18,900 $176,700
2016 $1,866 $197,500 $19,000 $178,500
2014 $1,885 $194,800 $19,200 $175,600
2013 -- $182,700 $18,700 $164,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202300520

Indiana Regional MLS

APN: 60-10-30-300-160.100-027