NOT LISTED FOR SALE

Estimated Value: $310,000 - $381,000

65 Beds
36 Baths
28,500 Sq Ft
$12/Sq Ft Est. Value

Last Sold April 24, 2017

Last sale price $2,650,000 $93 Per Sq Ft

Current estimated payment $2,507/month

354 Days on Market

Highlights

  • 2.48 Acre Lot
  • ENERGY STAR Certified Homes
  • Covered patio or porch
  • University Elementary School Rated A
  • Wood Flooring
  • Double Pane Windows

About This Home

As of April 2017

Great investment opportunity to own campus portfolio, close to dorms, schools on IU campus and local shopping and restaurants. This 10 unit housing package with $198,336 gross annual income all have been kept in great condition!

Last Listed By

Jason Millican

Jason Millican Group Listed on: 05/02/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,122

Year Built

  • Built in 1899

Lot Details

  • 2.48 Acre Lot
  • Level Lot

Parking

  • 15 Parking Spaces

Home Design

  • Asphalt Roof
  • Masonry Siding
  • Stone Exterior Construction
  • Masonry
  • Vinyl Construction Material

Interior Spaces

  • 28,500 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Laminate Countertops
  • Washer Hookup
  • Basement

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 65 Bedrooms
  • 36 Full Bathrooms

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient HVAC
  • ENERGY STAR Certified Homes

Schools

  • Rogers/Binford Elementary School
  • Tri-North Middle School
  • Bloomington North High School

Utilities

  • Forced Air Heating and Cooling System
  • ENERGY STAR Qualified Air Conditioning
  • Heating System Uses Gas
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, fuel, heating, sewer, trash collection, water
  • Assessor Parcel Number 53-05-33-106-022.000-005

Community Details

Overview

  • 10 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $1,020
  • Insurance Expense $5,087
  • Maintenance Expense $7,860
  • Trash Expense $480
  • Water Sewer Expense $360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,122

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1899
  • Age: 118
  • Style: Two Story
  • Bedrooms: 65
  • Number Above Grade Bedrooms: 65
  • Total Bathrooms: 36
  • Total Full Bathrooms: 36
  • Legal Description: Various near Indiana University Campus |
  • Parcel Number ID: 53-05-33-106-022.000-005
  • Platted: Yes
  • Amenities: Cable Available, Countertops-Laminate, Porch Covered, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 91.38
  • Annual Miscellaneous: 2200
  • Monthly Gross Income: 16528
  • Year Taxes Payable: 2015/2016
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 28500
  • Total Finished Sq Ft: 28500
  • Above Grade Finished Sq Ft: 28500
  • Price Per Sq Ft: 92.98
  • Basement: Yes
  • Flooring: Carpet, Laminate, Mixed, Tile, Wood
  • Number Of Ranges Ovens: 10

Exterior Features

  • Exterior: Aluminum, Masonry, Stone, Vinyl
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 15

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity, Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Water Company: Bloomington City Utility
  • Cable Company: Comcast
  • Hvac: Energy Star A/C
  • Annual Electric: 1020
  • Annual Insurance Expense: 5087
  • Annual Maintenance Expense: 7860
  • Annual Trash Expense: 480
  • Annual Water Sewer Expense: 360
  • Number Of W D Hookups: 10

Condo/Co-op/Association

  • Common Amenities: Sidewalks
  • Pet Restrictions: Yes

Schools

  • School District: Monroe County Community School Corp.
  • Elementary School: Rogers/Binford
  • Middle School: Tri-North
  • High School: Bloomington North
  • Elementary School: Rogers/Binford

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 2.478
  • Estimated Lot Sq Ft: 107942
  • Estimated Lot Size Acres: 2.478

Green Features

  • Energy Efficient: Appliances, HVAC
  • Green Certifications: Energy Star
  • Energy Efficient Windows/Doors: Double Pane Windows

Rental Info

  • Lease Term: 1 Year
  • Tenant Pays: Cable, Cooling, Electric, Fuel, Heating, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 16528
  • Number Of Refrigerators: 10
  • Number Of Units: 10
  • Num Of2 Bedrooms: 6
  • Number Of 3 Bedrooms: 1
  • Number Of 4 Bedrooms: 1
  • Num Of Units Rented: 10

Tax Info

  • Annual Property Tax: 26122

MLS Schools

  • High School: Bloomington North
  • Middle School: Tri-North
  • School District: Monroe County Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2016
Closed on
Apr 24, 2017
Sold by
J & B Leasing Llc
Bought by
57Ub Llc
Seller's Agent
Jason Millican
Jason Millican Group
Buyer's Agent
Jeff Warden
RE/MAX Realty Professionals
List Price
$5,900,000
Sold Price
$2,650,000
Premium/Discount to List
-$3,250,000
-55.08%
Total Days on Market
354
Current Estimated Value
$345,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,304,580
Avg. Annual Appreciation
-22.36%

Purchase Details

Closed on
Jan 29, 2015
Sold by
Leisz Barbara J
Bought by
J & B Leasing Llc

Range of Values:

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Average Value
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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
57Ub Llc -- None Available
J & B Leasing Llc -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2017 04/24/17 Sold $2,650,000 -55.1% $93 / Sq Ft
04/21/2017 04/21/17 Pending -- -- --
05/02/2016 05/02/16 For Sale $5,900,000 -- $207 / 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
2023 $6,872 $323,900 $84,300 $239,600
2022 $6,077 $299,500 $84,300 $215,200
2021 $6,162 $296,600 $66,400 $230,200
2020 $5,821 $282,100 $62,800 $219,300
2019 $4,998 $237,700 $46,600 $191,100
2018 $5,009 $237,700 $47,500 $190,200
2017 $4,807 $227,600 $43,800 $183,800
2016 $4,535 $218,200 $43,800 $174,400
2014 $4,263 $204,400 $43,800 $160,600
2013 $4,263 $222,100 $43,800 $178,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201619137

Indiana Regional MLS

APN: 53-01-34-737-000.000-005