NOT LISTED FOR SALE

12632 N State Road 37 Elwood, IN 46036

Estimated Value: $74,990

-- Bed
-- Bath
4,300 Sq Ft
$17/Sq Ft Est. Value

Last Sold April 25, 2017

Last sale price $75,000 $17 Per Sq Ft

Current estimated payment $574/month

About This Home

As of April 2017

4.84 Acres on Busy State Road 37. Former Motel with 15 Rooms and Large Sign Marquee. Structure still stands and can be restored. Large Traffic Count Between Noblesville and Marion, Elwood to Tipton. Multiple Commercial Possibilities Available for this Site. Or Make it your Very Own Estate. Great Drainage, Partially Tree-Lined.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2020
Sold by
Duncan David
Bought by
Nextgear Auto Sales Inc
Current Estimated Value
$74,990

Purchase Details

Listed on
Nov 3, 2016
Closed on
Apr 10, 2017
Sold by
Michael Mergell
Bought by
David Duncan
Seller's Agent
Michael Mergell
LPT Realty
Buyer's Agent
Michael Mergell
Keller Williams LLC
List Price
$74,900
Sold Price
$75,000
Premium/Discount to List
$100
0.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
4.21%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 14, 2016
Sold by
Madison County Audtior
Bought by
Mergell Michael

Purchase Details

Closed on
Mar 6, 2007
Sold by
Patel Ishvarlal R and Patel Chandenben I
Bought by
Patel Rajeshkumar R

Purchase Details

Closed on
Jul 12, 2006
Sold by
Mehta Dhiren and Mehta Jashmina
Bought by
Patel Rajeshkumar R

Purchase Details

Closed on
Jul 10, 2006
Sold by
Patel Sarasvati D
Bought by
Patel Rajeshkumar R
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Nextgear Auto Sales Inc -- Enterprise Title
David Duncan $40,000 --
Duncan David $40,000 Security Title
Mergell Michael $3,003 --
Patel Rajeshkumar R -- --
Patel Rajeshkumar R -- --
Patel Rajeshkumar R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Duncan David $10,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/25/2017 04/25/17 Sold $75,000 +0.1% -- View Prior Sale
11/03/2016 11/03/16 For Sale $74,900 -- --

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 $2,099 $100,000 $53,500 $46,500
2023 $2,378 $100,000 $53,500 $46,500
2022 $2,295 $100,000 $53,500 $46,500
2021 $2,960 $123,200 $53,500 $69,700
2020 $2,993 $123,200 $53,500 $69,700
2019 $8,133 $122,300 $53,500 $68,800
2018 $4,536 $122,300 $53,500 $68,800
2017 $2,800 $120,300 $53,500 $66,800
2016 $5,729 $120,300 $53,500 $66,800
2014 $2,618 $117,600 $53,500 $64,100
2013 $2,618 $117,600 $53,500 $64,100
Source: Public Records

Agents Affiliated with this Home

  • Michael Mergell

    Seller's Agent in 2017

    Michael Mergell

    LPT Realty

    (317) 645-8717

    91 Total Sales

    Michael Mergell
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Map

Indiana Madison County Elwood 46036

12632 N State Road 37, Elwood, IN

This home is located at 12632 N State Road 37, Elwood, IN 46036 and is currently priced at $74,990, approximately $17 per square foot. 12632 N State Road 37 is a home located in Madison County with nearby schools including Elwood Elementary School, Elwood Intermediate School, and Elwood Junior-Senior High School.

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