NOT LISTED FOR SALE

1242 E U S 52 Morristown, IN 46161

Estimated Value: $156,000 - $215,000

2 Beds
1 Bath
1,148 Sq Ft
$162/Sq Ft Est. Value

Last Sold February 21, 2023

Last sale price $140,000 $122 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,056/month

4 Days on Market

Highlights

  • Wood Flooring
  • Covered Patio or Porch
  • 2 Car Attached Garage
  • No HOA
  • Thermal Windows
  • Eat-In Kitchen

About This Home

As of February 2023

What a find! Nice bungalow on 2.5 acres. Some updates such as newer water heater, well pump and pressure tank. Newer double hung windows, newer vinyl siding. With a little TLC this would be a great starter or rental property. Garage has one single car door but is 20x20. Four ceiling fans. Back of property has some nice trees and would be nice park like area with a little work and clean up. Hardwood floors could be refinished and would be beautiful again. Nice sized closets and plenty of storage. House has been longtime rental. Was always easy to rent. Only couple miles to Morristown and great location for access to Greenfield and I-70 or Shelbyville and I-74.

Last Agent to Sell the Property

Scott McGauley

McGauley Realty, Inc. License #RB14012041 Listed on: 01/07/2023

Last Buyer's Agent

Scott McGauley

McGauley Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,394

Year Built

  • Built in 1952

Lot Details

  • 2.5

Parking

  • 2 Car Attached Garage
  • Side or Rear Entrance to Parking

Home Design

  • Bungalow
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1,148 Sq Ft Home
  • 1-Story Property
  • Paddle Fans
  • Thermal Windows
  • Vinyl Clad Windows
  • Combination Kitchen and Dining Room
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Range Hood
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Well
  • Electric Water Heater

Additional Features

  • Covered Patio or Porch
  • 2.5 Acre Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 730304300013000020

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,394

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1952
  • Building Area Total: 1148
  • Garage Y N: Yes
  • Lot Size Acres: 2.5
  • Subdivision Name: No Subdivision
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • MBR_AttributionContact: mcgauley@mibor.net
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Electric Oven, Range Hood, Refrigerator, Electric Water Heater, Water Softener Owned
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Attic Access, Hardwood Floors, Windows Thermal, Windows Vinyl, Paddle Fan, Eat-in Kitchen
  • Living Area: 1148
  • Main Level Bedrooms: 2
  • Other Equipment: Smoke Alarm, Not Applicable
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1148
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 155000
  • Patio And Porch Features: Covered Porch

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Side Load Garage, Gravel

Utilities

  • Heating: Forced Air, Gas
  • Water Source: Private Well
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Property Attached Yn: No
  • Additional Parcels: No
  • Lot Size Sq Ft: 108900
  • Parcel Number: 730304300013000020
  • Acres: 1-3 Acres
  • Price Acre: 56000

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 1394
  • Tax Lot: na
  • Semi Annual Property Tax Amt: 697
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2023
Closed on
Feb 21, 2023
Sold by
Lakin Megan M
Bought by
Gorman William E and Gorman Christine A
Seller's Agent
Scott McGauley
McGauley Realty, Inc.
Buyer's Agent
Scott McGauley
McGauley Realty, Inc.
List Price
$155,000
Sold Price
$140,000
Premium/Discount to List
-$15,000
-9.68%
Views
40
Current Estimated Value
$186,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,533
Avg. Annual Appreciation
11.11%

Purchase Details

Closed on
Jul 14, 2022
Sold by
Wells Robert E
Bought by
Lakin Megan M and Wells Nathaniel J

Purchase Details

Closed on
Nov 21, 2005
Sold by
Secretary Of Hud
Bought by
Wells Robert E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,500
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2005
Sold by
Coffman Thomas W
Bought by
Wells Fargo Home Mortgage Inc

Purchase Details

Closed on
Dec 31, 2004
Sold by
Wells Fargo Home Mortgage Inc
Bought by
The Secretary Of Hud
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 Buyer Sale Price Title Company
Gorman William E $140,000 First American Title
Lakin Megan M -- Murphy David P
Wells Robert E -- --
Wells Fargo Home Mortgage Inc $106,624 --
The Secretary Of Hud -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wells Robert E $49,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2023 02/21/23 Sold $140,000 -9.7% $122 / Sq Ft
01/12/2023 01/12/23 Pending -- -- --
01/07/2023 01/07/23 For Sale $155,000 -- $135 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $798 $122,700 $31,700 $91,000
2023 $490 $86,500 $31,700 $54,800
2022 $1,466 $91,900 $31,700 $60,200
2021 $1,394 $86,700 $31,700 $55,000
2020 $1,321 $84,600 $31,700 $52,900
2019 $1,191 $77,200 $31,200 $46,000
2018 $1,123 $72,800 $31,200 $41,600
2017 $1,236 $84,000 $31,200 $52,800
2016 $1,175 $85,900 $31,200 $54,700
2014 $1,069 $80,400 $30,100 $50,300
2013 $1,069 $78,000 $29,500 $48,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21899251

MIBOR Broker Listing Cooperative®

APN: 73-03-04-300-013.000-020