NOT LISTED FOR SALE

11576 U S 231 Loogootee, IN 47553

Estimated Value: $41,000 - $58,000

1.27 Acres
$38,976 Price per Acre
55,321 Sq Ft Lot

Last Sold April 09, 2025

Last sale price $40,000

Est. 24% increase in value since last sale

Current estimated payment $287/month

43 Days on Market

About This Lot

As of April 2025

Discover an exceptional opportunity with this 1.27-acre parcel of commercial land, ideally situated in a high-traffic area perfect for retail, office, or mixed-use development. Located in a growing community, this flat, easily accessible lot offers ample space for a variety of business ventures. Additionally this platform of land is primed for an easy conversion into a residential use with utilities already available!

Last Agent to Sell the Property

Allie Jones

MIDWEST REALTY Brokerage Phone: 812-254-3918 Listed on: 01/31/2025

Last Buyer's Agent

Edwin Swartzentruber

Integrity Realty Group LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $228

Lot Details

  • 1.27 Acre Lot
  • Lot Dimensions are 175 x 305
  • Property fronts a state road
  • Finished Lot(s)
  • Property is zoned B-3 General Business

Parking

  • Driveway

Schools

  • Loogootee Elementary And Middle School
  • Loogootee High School

Utilities

  • Gas Available

Listing and Financial Details

  • Assessor Parcel Number 51-08-25-100-284.000-008

Property Details

Property Type

Land

Est. Annual Taxes

$228

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Commercial Land
  • Legal Description: PT SW NE 25-3-5 1.273 ACRE ACCORDING TO SURVEY
  • Parcel Number ID: 51-08-25-100-284.000-008
  • Platted: Yes
  • Inside City Limits: Yes
  • Road Access: State
  • Road Surface: Asphalt
  • Parcel Description: Partially Wooded
  • Type of Sale: Traditional
  • Structure Bldg Imprvmnts: Yes
  • Type Use: Commercial
  • Special Features: None

Exterior Features

  • Road Frontage: State

Utilities

  • Water Utilities: City, Available
  • Electricity Type: Available
  • Fuel Type: Available
  • Sewer Type: City

Schools

  • Elementary School: Loogootee

Lot Info

  • Lot Dimensions: 175 X 305
  • Estimated Lot Sq Ft: 55321
  • Estimated Lot Size Acres: 1.27

Tax Info

  • Annual Taxes: 227.78

MLS Schools

  • High School: Loogootee
  • Middle School: Loogootee
  • School District: Loogootee Community S.D.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2025
Closed on
Apr 9, 2025
Sold by
Bell Jamie M
Bought by
Wagler Randall
Seller's Agent
Allie Jones
MIDWEST REALTY
Buyer's Agent
Edwin Swartzentruber
Integrity Realty Group LLC
List Price
$59,900
Sold Price
$40,000
Premium/Discount to List
-$19,900
-33.22%
Views
20
Current Estimated Value
$49,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,500
Avg. Annual Appreciation
33.37%

Purchase Details

Closed on
Jan 23, 2025
Sold by
Bell Rick L and Bell Rick
Bought by
Bell Jamie M

Purchase Details

Closed on
Oct 25, 2022
Sold by
Bell Carolyn Jean
Bought by
Bell Richard
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Wagler Randall -- None Listed On Document
Bell Jamie M -- None Listed On Document
Bell Richard -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2025 04/09/25 Sold $40,000 -33.2% --
03/15/2025 03/15/25 Pending -- -- --
01/31/2025 01/31/25 For Sale $59,900 -- --
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 $341 $11,000 $10,200 $800
2023 $341 $10,600 $9,900 $700
2022 $155 $10,400 $9,700 $700
2021 $176 $9,200 $8,600 $600
2020 $167 $8,900 $8,400 $500
2019 $170 $9,100 $8,200 $900
2018 $169 $8,900 $8,000 $900
2017 $160 $8,700 $7,800 $900
2016 $147 $8,300 $7,600 $700
2014 $118 $7,200 $5,700 $1,500
2013 -- $7,100 $5,700 $1,400
Source: Public Records

Agents Affiliated with this Home

  • Allie Jones

    Seller's Agent in 2025

    Allie Jones

    MIDWEST REALTY

    (812) 709-0418

    2 in this area

    20 Total Sales

    Allie Jones
    Section Image
  • Edwin Swartzentruber

    Buyer's Agent in 2025

    Edwin Swartzentruber

    Integrity Realty Group LLC

    (812) 486-5136

    1 in this area

    20 Total Sales

    Edwin Swartzentruber
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202503244

Indiana Regional MLS

APN: 51-08-25-100-284.000-008

Indiana Martin County Loogootee 47553

11576 U S 231, Loogootee, IN

Not Listed for Sale

Lots

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