$385,000
SOLD MAY 15, 2025
4.17 Acres
$92,326 Price per Acre
181,645 Sq Ft Lot

Recently Sold

$411 Per Sq Ft

3% Below List Price

40 Days on Market

About This Lot

As of May 2025

Excellent Residential development opportunity on just over 4 acres on heavily traveled SR 23/Adams Rd (16,000 cars daily, INDOT traffic counts) just 1/2 mile East of Bittersweet in desirable Granger. Penn Harris Madison Schools, the property has great potential for Single-Family, Condominium, or Multi-Family Development. Great proximity, located 1 mile from Martin's Supermarket, Mary Frank Elementary School, and the State Line. Also only 3 miles from IN-Capital Ave., just over 3 miles from the Indiana Toll Road Interchange on Capital Ave., 5 miles from the University Park Mall, 5.5 miles from Penn High School, and 8 miles from the University of Notre Dame. Granger sewer nearby. The property currently has a 936 SF home with a detached garage on it. Zoned R: Residential. Taxes: $2,631.72, 2023.

Last Agent to Sell the Property

John Piraccini

Coldwell Banker Real Estate Group Brokerage Phone: 574-243-9522 Listed on: 01/02/2025

Coldwell Banker Real Estate Group

Last Buyer's Agent

John Piraccini

Coldwell Banker Real Estate Group Brokerage Phone: 574-243-9522 Listed on: 01/02/2025

Coldwell Banker Real Estate Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,632

Lot Details

  • 4.17 Acre Lot
  • Lot Dimensions are 203x642
  • Property fronts a county road
  • Finished Lot(s)
  • Property is zoned R Single Family Residential District

Schools

  • Mary Frank Elementary School
  • Discovery Middle School
  • Penn High School

Utilities

  • Heating System Uses Gas
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 71-05-17-101-001.000-011

Property Details

Property Type

Land

Est. Annual Taxes

$2,632

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Commercial Land
  • Legal Description: LOT AA PARKS GARCIA 1ST REPLAT 03-04 SPT TO 021930 TR 5224 7-22-02 02-03 NEW REPLAT TRANS 7520 9-25-01 03-04 NEW REPLAT TRANS 6751 8-29-02
  • Parcel Number ID: 71-05-17-101-001.000-011
  • Platted: Yes
  • Road Access: County
  • Road Surface: Paved
  • Sp Lp Percent: 97.47
  • Zoning Description: Residential
  • Parcel Description: 3-5.9999
  • Road Frontage Description: SR 23/Adams Rd
  • Type of Sale: Traditional
  • Type Use: Multi-Family, Office, Residential
  • County Zoning: R Single Family Residential District
  • Year Taxes Payable: 2025
  • Special Features: None

Exterior Features

  • Road Frontage: County

Utilities

  • Water Utilities: Well
  • Electricity Type: Available
  • Fuel Type: Gas
  • Sewer Type: Septic

Schools

  • School District: Penn-Harris-Madison School Corp.
  • Elementary School: Mary Frank
  • Middle School: Discovery
  • High School: Penn
  • Elementary School: Mary Frank

Lot Info

  • Lot Dimensions: 203X642
  • Estimated Lot Sq Ft: 181645
  • Estimated Lot Size Acres: 4.17

Tax Info

  • Annual Taxes: 2631.72
  • Tax Code: Tax Code 06-Harris

MLS Schools

  • High School: Penn
  • Middle School: Discovery
  • School District: Penn-Harris-Madison School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2025
Closed on
May 13, 2025
Sold by
Ftc Properties Llc
Bought by
Garcia David and Garcia Debra
Seller's Agent
John Piraccini
Coldwell Banker Real Estate Group
Buyer's Agent
John Piraccini
Coldwell Banker Real Estate Group
List Price
$395,000
Sold Price
$385,000
Premium/Discount to List
-$10,000
-2.53%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.10%

Purchase Details

Closed on
Jul 27, 2011
Sold by
Fries Janet Lee
Bought by
Ftc Properties Llc
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed -- Fidelity National Title Compan
Warranty Deed -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2025 05/15/25 Sold $385,000 -2.5% $411 / Sq Ft
02/11/2025 02/11/25 Pending -- -- --
01/02/2025 01/02/25 For Sale $395,000 -- $422 / 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 $2,632 $162,100 $69,900 $92,200
2023 $2,584 $146,300 $70,900 $75,400
2022 $2,896 $162,500 $78,800 $83,700
2021 $2,717 $139,300 $63,500 $75,800
2020 $2,488 $128,100 $59,200 $68,900
2019 $2,286 $117,100 $54,100 $63,000
2018 $2,112 $109,100 $51,500 $57,600
2017 $2,175 $108,200 $51,500 $56,700
2016 $2,192 $108,600 $51,500 $57,100
2014 $1,788 $83,400 $39,200 $44,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202500101

Indiana Regional MLS

APN: 71-05-17-101-001.000-011