$400,000
SOLD OCT 23, 2024

127 S Jefferson St Rockville, IN 47872

10 Beds
5.5 Baths
7,176 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$56 Per Sq Ft

10% Below List Price

250 Days on Market

Highlights

  • Vaulted Ceiling
  • Corner Lot
  • Formal Dining Room
  • Wood Flooring
  • No HOA
  • 3 Car Detached Garage

About This Home

As of October 2024

Once in a lifetime opportunity with this turnkey business or convert to a home. The Old Jail Inn has 9 cells and comfortably sleeps 18 guests in this 1879 Italianate building located on a brick street on the town square. The Drunk Tank Winery is a wine bar located in a basement location and has a transferable wine license. Also a full-service beauty salon with a private entrance on the North side of the building. 1-bedroom private owner's apartment that the new owner could live in or lease for additional income. All memorabilia, furnite and appliances stay with this property. New On-Demand water heater, newer metal roof, windows and furnaces. New AC unit. The Old Jail Inn is a destination spot in a county with three state parks, the largest biker bar in IN, and the most covered bridges in one county in the world. The annual Covered Bridge Festival held over ten days each October draws between 1-3 million people. Reservations are easily booked through an online reservation system which would be transferred to new owners. The story of the Old Jail Inn has been reported on many news medias around the world. National magaines and TV shows such as Midwest Living, Bagger World, MSNBC, CU Living, and HGTV. In Dec. 20 it was featured on the Travel Channel. In 2020 the Old Jail Inn was selected by Visiting Indy as one of the top 20 "Unique Places to Sleep in Indiana".

Last Agent to Sell the Property

Jeff Moore

Jeff Moore Real Estate Brokerage Email: jeffmoorerealestate@yahoo.com License #RB14021713 Listed on: 11/25/2023

Last Buyer's Agent

Jeff Moore

Jeff Moore Real Estate Brokerage Email: jeffmoorerealestate@yahoo.com License #RB14021713 Listed on: 11/25/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,576

Year Built

  • Built in 1895 | Remodeled

Lot Details

  • 9,148 Sq Ft Lot
  • Corner Lot
  • Additional Parcels

Parking

  • 3 Car Detached Garage
  • Common or Shared Parking

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2-Story Property
  • Vaulted Ceiling
  • Paddle Fans
  • Thermal Windows
  • Formal Dining Room
  • Permanent Attic Stairs
  • Basement

Kitchen

  • Electric Oven
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms

Location

  • City Lot

Schools

  • Parke Heritage Middle School
  • Parke Heritage High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 58,59
  • Assessor Parcel Number 611107114105100002
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,576

Year Built

Built in 1895 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Italianate
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1895
  • Building Area Total: 7176
  • Garage Y N: No
  • Lot Size Acres: 0.21
  • Subdivision Name: No Subdivision
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Website: https://listing.threesixtyindy.com/vt/127_S_Jefferson_St.html
  • Accessibility Features YN: No
  • MBR_AttributionContact: jeffmoorerealestate@yahoo.com
  • Attribution Contact: jeffmoorerealestate@yahoo.com
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Appliances: Dishwasher, Electric Oven, Refrigerator
  • Levels: Two
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Below Grade Sq Ft: 2392
  • Interior Amenities: Attic Stairway, Raised Ceiling(s), Paddle Fan, Hardwood Floors, Windows Thermal
  • Living Area: 7176
  • Main Level Bedrooms: 9
  • Spa Y N: No
  • Areas Interior: Other
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 4
  • Main Level Sq Ft: 2392
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 2392
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 1

Exterior Features

  • Construction Materials: Brick
  • Direction Faces: West
  • Foundation Details: Block
  • List Price: 445000
  • Property Condition: Updated/Remodeled
  • View Y N: No
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Common, Detached
  • Garage Parking Other: Guest Street Parking
  • Garage Sq Ft: 0

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Electric
  • Electric: 200+ Amp Service
  • Heating: Electric
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No
  • Community Features: None

Schools

  • Middle Or Junior School: Parke Heritage Middle School

Lot Info

  • Lot Features: City Lot, Corner Lot, Sidewalks, Street Lights, Zoned
  • Property Attached Yn: Yes
  • Additional Parcels: Yes
  • Horse Amenities: None
  • Lot Size Sq Ft: 9148
  • Parcel Number: 611107114105100002
  • Acres: <1/4 Acre
  • Price Acre: 1904762

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 3576
  • Tax Lot: 58,59
  • Semi Annual Property Tax Amt: 1788

MLS Schools

  • High School: Parke Heritage High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2023
Closed on
Oct 23, 2024
Sold by
Riggs Troy B
Bought by
Gen215 Holdings Llc
Seller's Agent
Jeff Moore
Jeff Moore Real Estate
Buyer's Agent
Jeff Moore
Jeff Moore Real Estate
List Price
$445,000
Sold Price
$400,000
Premium/Discount to List
-$45,000
-10.11%
Views
453
Current Estimated Value
$401,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,834
Avg. Annual Appreciation
-2.06%

Purchase Details

Listed on
Jan 9, 2021
Closed on
Apr 21, 2021
Sold by
Winn Anthony O
Bought by
Riggs Troy B and Hawley Patricia L
Seller's Agent
Jeff Moore
Jeff Moore Real Estate
Buyer's Agent
Jeff Moore
Jeff Moore Real Estate
List Price
$349,900
Sold Price
$349,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.90%

Purchase Details

Closed on
Jun 2, 2014
Sold by
Debra Olson-Winn
Bought by
Debra Olson-Winn and Winn Anthony O

Purchase Details

Closed on
Mar 18, 2010
Sold by
Larry Myers
Bought by
Debra Ackerman
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
Deed $400,000 Abstract & Title
Grant Deed -- Attorney Only
Quit Claim Deed -- --
Deed $35,000 Hanner, Hanner & Hanner
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2024 10/23/24 Sold $400,000 -10.1% $56 / Sq Ft
08/02/2024 08/02/24 Pending -- -- --
11/25/2023 11/25/23 For Sale $445,000 +27.2% $62 / Sq Ft
04/26/2021 04/26/21 Sold $349,900 0.0% $49 / Sq Ft
02/06/2021 02/06/21 Pending -- -- --
01/09/2021 01/09/21 For Sale $349,900 -- $49 / 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 $4,247 $266,700 $24,600 $242,100
2023 $3,460 $195,900 $24,700 $171,200
2022 $3,506 $184,600 $24,700 $159,900
2021 $2,752 $153,100 $20,000 $133,100
2020 $2,740 $152,100 $19,000 $133,100
2019 $2,735 $0 $0 $0
2018 $2,678 $153,600 $19,200 $134,400
2017 $2,699 $159,500 $19,200 $140,300
2016 $2,433 $159,500 $19,200 $140,300
2014 $2,565 $151,900 $19,200 $132,700
2013 $2,565 $151,900 $19,200 $132,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21954539

MIBOR Broker Listing Cooperative®

APN: 61-11-07-114-105.100-002