UNDER CONTRACT
$75K PRICE DROP
1305 S Park Ave Bloomington, IN 47401
Bryan Park NeighborhoodEstimated payment $1,985/month
Total Views
36,697
3
Beds
2
Baths
1,828
Sq Ft
$150
Price per Sq Ft
Highlights
- Covered Deck
- Forced Air Heating and Cooling System
- Level Lot
- Jackson Creek Middle School Rated A
- Ceiling Fan
- 4-minute walk to Bryan Park
About This Home
The 2024 appraised value came in at $410k! Instant equity! This spacious and versatile property, located just 1 mile south of Indiana University, offers an ideal investment opportunity with immediate income potential. Currently rented, this home is perfectly situated for student, professional or generational living. Featuring a unique layout, the property provides the option for one tenant or owner to enjoy their own private upstairs floor, complete with a full kitchen, while two other tenants/owners can share the main floor, which includes a kitchenette. The convenience of having separate living spaces under one roof is further enhanced by the large outdoor living space. Laundry room located on the main level. New as of 2019: entire roof system (shingles, framing, trusses, gutters with leaf guards), drywall, insulation, 2nd floor windows, kitchen cabinetry, flooring, appliances, bathroom, etc. With its proximity to the university and flexible living arrangement, this property is a rare find that promises both comfort and profitability.
Listing Agent
Century 21 Scheetz - Bloomington Brokerage Phone: 812-385-6302 Listed on: 08/29/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,597
Year Built
- Built in 1985
Lot Details
- 8,276 Sq Ft Lot
- Level Lot
- Irregular Lot
Home Design
- Slab Foundation
- Shingle Roof
- Vinyl Construction Material
Interior Spaces
- 1,828 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Laminate Flooring
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in Bathroom
- Washer Hookup
Parking
- 4 Parking Spaces
- Off-Street Parking
Schools
- Templeton Elementary School
- Jackson Creek Middle School
- Bloomington South High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Additional Features
- Covered Deck
- Suburban Location
Listing and Financial Details
- The owner pays for building insurance
- Assessor Parcel Number 53-08-04-403-039.000-009
Community Details
Overview
- Bryan Park Subdivision
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $797
Map
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Home Values in the Area
Average Home Value in this Area
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 | $6,316 | $308,500 | $103,100 | $205,400 |
| 2023 | $2,799 | $264,500 | $103,100 | $161,400 |
| 2022 | $4,784 | $236,300 | $89,600 | $146,700 |
| 2021 | $4,289 | $206,900 | $81,100 | $125,800 |
| 2020 | $3,762 | $182,000 | $74,700 | $107,300 |
| 2019 | $3,404 | $161,900 | $64,000 | $97,900 |
| 2018 | $3,336 | $158,300 | $63,900 | $94,400 |
| 2017 | $3,160 | $151,900 | $63,900 | $88,000 |
| 2016 | $2,958 | $145,500 | $63,900 | $81,600 |
| 2014 | $2,852 | $140,000 | $63,900 | $76,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/02/2025 07/02/25 | Price Changed | $275,000 | -5.1% | $150 / Sq Ft |
| 06/06/2025 06/06/25 | Price Changed | $289,900 | -1.7% | $159 / Sq Ft |
| 05/14/2025 05/14/25 | Price Changed | $295,000 | -6.3% | $161 / Sq Ft |
| 04/09/2025 04/09/25 | Price Changed | $315,000 | -3.1% | $172 / Sq Ft |
| 01/03/2025 01/03/25 | Price Changed | $325,000 | -5.9% | $178 / Sq Ft |
| 10/17/2024 10/17/24 | Price Changed | $345,500 | -1.3% | $189 / Sq Ft |
| 08/29/2024 08/29/24 | For Sale | $349,900 | -- | $191 / Sq Ft |
Source: Indiana Regional MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $250,000 | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Similar Homes in Bloomington, IN
Source: Indiana Regional MLS
MLS Number: 202433118
APN: 53-08-04-403-039.000-009
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