NOT LISTED FOR SALE

1450 N Willis Dr Bloomington, IN 47404

Estimated Value: $609,000

24 Beds
30 Baths
9,684 Sq Ft
$63/Sq Ft Est. Value

Last Sold April 07, 2023

Last sale price $1,025,000 $106 Per Sq Ft

Est. 41% decrease in value since last sale

Current estimated payment $4,576/month

275 Days on Market

Highlights

  • Balcony
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • Tri-North Middle School Rated A
  • Laundry in Utility Room
  • Ceiling Fan

About This Home

As of April 2023

Great potential and location within 1 mile west of IU Football Stadium and Assembly Hall. Rents are low and being raised to $1750/unit with room to go higher. This six unit apartment complex hosts 24 bedrooms with 24 full baths and 6 half baths. Units are 1450 sq. ft/each. Each unit hosts 4 bedrooms with 4 1/2 baths. EACH BEDROOM HAS A FULL BATHROOM, the upstairs half bath has a full sized washer and dryer. These units have been converted into condominiums. Unit #3 is currently listed for sale at $245,900. It has been completely remodeled Everything is new. Unit #5 is under current remodel. Will be landscaping soon (part of the reno). Large parking lot, 24 parking spots.

Last Agent to Sell the Property

Autumn McCoy

The Real McCoy Realty Listed on: 05/08/2022

Last Buyer's Agent

Autumn McCoy

The Real McCoy Realty Listed on: 05/08/2022

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $16,133

Year Built

  • Built in 2009

Lot Details

  • 1.13

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring
  • Eat-In Kitchen
  • Laundry in Utility Room

Bedrooms and Bathrooms

  • 24 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • 24 Bathrooms in Basement
  • 18 Bedrooms in Basement

Parking

  • 24 Parking Spaces
  • Private Parking
  • Paved Parking
  • Parking Lot

Schools

  • Arlington Heights Elementary School
  • Tri-North Middle School
  • Bloomington North High School

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Additional Features

  • Balcony
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, electric, heating
  • The owner pays for lawn maintenance, tax, trash collection, water
  • Assessor Parcel Number 53-05-29-400-094.000-005

Community Details

Overview

  • 6 Units
  • Northeast Bloomington City Subdivision
  • 10-Story Property

Building Details

  • 6 Separate Gas Meters
  • Electric Expense $1,807
  • Insurance Expense $2,954
  • Maintenance Expense $5,927
  • Trash Expense $3,456
  • Water Sewer Expense $8,747

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$16,133

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Sixplex
  • Year Built: 2009
  • Style: Townhouse
  • Bedrooms: 24
  • Total Bathrooms: 30
  • Total Full Bathrooms: 24
  • Total Number of Half Bathrooms: 6
  • Legal Description: Pt SE 29-9-1W 1.13A
  • Parcel Number ID: 53-05-29-400-094.000-005
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Balcony, Cable Ready, Deck Open, Eat-In Kitchen
  • Location: City/Town/Suburb, Near College Campus, Near Walking Trail
  • Number Below Grade Bedrooms: 18
  • Road Surface: Paved
  • Special Features: None

Interior Features

  • Total Sq Ft: 9684
  • Total Finished Sq Ft: 9684
  • Above Grade Finished Sq Ft: 4932
  • Below Grade Finished Sq Ft: 4752
  • Basement Foundation: Full Basement
  • Flooring: Vinyl
  • Number Below Grade Bathrooms: 24
  • Total Below Grade Sq Ft: 4752
  • Number Of Disposals: 6
  • Number Of Microwaves: 6
  • Number Of Ranges Ovens: 6
  • Number Ttl Rooms Below Grade: 18

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Asphalt
  • Stories: 10

Garage/Parking

  • Number Of Parking Spaces: 24
  • Parking: Lot, Paved, Private

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1807
  • Annual Insurance Expense: 2954
  • Annual Maintenance Expense: 5927
  • Annual Trash Expense: 3456
  • Annual Water Sewer Expense: 8747
  • Number Gas Meters: 6
  • Number Of W D Hookups: 6

Schools

  • Elementary School: Arlington Heights

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 1.13
  • Estimated Lot Sq Ft: 49223
  • Estimated Lot Size Acres: 1.13

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Electric, Heating

Tax Info

  • Annual Property Tax: 16133

Multi Family

  • Number Of Dishwashers: 6
  • Number Of Dryers: 6
  • Number Of Refrigerators: 6
  • Number Of Units: 6
  • Number Of Washers: 6
  • Number Of 4 Bedrooms: 6

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
Aug 27, 2018
Closed on
Jan 25, 2019
Sold by
Willis Drive Owner Llc
Bought by
Jsa Investments Willis Llc
List Price
$1,200,000
Sold Price
$760,000
Premium/Discount to List
-$440,000
-36.67%
Current Estimated Value
$609,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$151,000
Avg. Annual Appreciation
-3.15%

Purchase Details

Closed on
Dec 21, 2016
Sold by
Willis Drive Holdings Llc
Bought by
Willis Drive Owner Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
4.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 31, 2013
Sold by
Alumni Homes Llc
Bought by
Willis Drive Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$684,000
Interest Rate
3.34%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 1, 2012
Sold by
R & R Real Properties Llc
Bought by
Alumni Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$574,000
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2006
Sold by
Rumple Eric Martin and Rumple Brent Howland
Bought by
Baugh Rick
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Jsa Investments Willis Llc $760,000 Willis Drive Owner Llc
Willis Drive Owner Llc -- None Available
Willis Drive Holdings Llc -- None Available
Alumni Homes Llc -- None Available
Baugh Rick -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Willis Drive Owner Llc $780,000
Previous Owner Willis Drive Holdings Llc $684,000
Previous Owner Alumni Homes Llc $574,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/07/2023 04/07/23 Sold $1,025,000 -14.6% $106 / Sq Ft
12/26/2022 12/26/22 Price Changed $1,199,990 -19.9% $124 / Sq Ft
05/08/2022 05/08/22 For Sale $1,499,000 +97.2% $155 / Sq Ft
01/29/2019 01/29/19 Sold $760,000 -36.7% $78 / Sq Ft View Prior Sale
08/27/2018 08/27/18 For Sale $1,200,000 -- $124 / 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
2024 -- $0 $0 $0
2023 $16,506 $0 $0 $0
2022 $16,506 $813,500 $113,000 $700,500
2021 $16,133 $776,600 $113,000 $663,600
2020 $15,326 $742,700 $79,100 $663,600
2019 $15,701 $746,700 $79,100 $667,600
2018 $19,352 $918,300 $79,100 $839,200
2017 $17,846 $845,000 $79,100 $765,900
2016 $17,643 $848,900 $79,100 $769,800
2014 $17,243 $826,700 $79,100 $747,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202217372

Indiana Regional MLS

APN: 53-05-29-400-094.000-005