1502 S College Ave Bloomington, IN 47403
Estimated payment $1,696/month
Highlights
- Craftsman Architecture
- Wood Flooring
- Stone Countertops
- Jackson Creek Middle School Rated A
- Corner Lot
- Covered Patio or Porch
About This Home
**OPEN HOUSE: Sunday, September 21st, from 11:30 AM to 2:00 PM.** The seller is offering a **$8,500 concession! ** This charming 1,449-square-foot home features 3 bedrooms and 1 bathroom. The property has an updated kitchen and bath, a waterproofed basement (also 1,449 square feet), a new roof, and attic insulation improved to R-42. The fireplace has been converted to gas logs for your convenience Additional highlights include new, easy-to-care-for LVT flooring (with hardwood underneath), as well as a new furnace and air conditioning system installed in 2021. Both the interior and exterior were freshly painted in 2024. Zoned ME Mixed-use Employment Mixed Uses: Airbnb, Real Estate Office, Law Office, Restaurant, Rental Property. Don't miss out on this opportunity! This bright and airy home, designed in the Arts & Crafts style, offers flexible living options with the choice of two bedrooms plus an office or three bedrooms. It features a full bathroom equipped with a jetted tub. Recent major updates have been completed within the last 90 days, including waterproofing and painting the basement, which has added 1,400 square feet of usable space. The fireplace has been upgraded to gas-burning logs with a remote control. For energy efficiency, the attic has been re-insulated with blown-in cellulose to an R-42+ rating. Additional upgrades include a high-efficiency furnace (installed in 2022), a Samsung induction range with a convection oven, a new LG microwave and dishwasher, and a GE energy-efficient French door refrigerator. The roof was replaced last fall with dimensional shingles, and the interior and exterior of the house have been repainted. Smart devices have also been installed, allowing you to control lights, plugs, and the thermostat from your phone or through Alexa and Google. Hardwood floors under Luxury Vinyl Tile. The property is zoned ME (mixed-use employment), making it suitable for various businesses that benefit from foot traffic, such as a beauty salon, tattoo parlor, accountant's or attorney's office, rental property, or Airbnb setup. The owner is willing to sell the property along with the furnishings, as they are relocating abroad. Additionally, there is potential to convert the home into a duplex. Conveniently located, the property is just 2 miles from College Mall and approximately 5 miles from the West Side Shopping area, which includes Lowe's, Menards, and Walmart. The downtown entertainment district and Indiana University campus
Listing Agent
Saunders & Associates Brokerage Email: saunders@saundersnassociates.com Listed on: 07/31/2025
Open House Schedule
-
Sunday, September 21, 202511:30 am to 1:30 pm9/21/2025 11:30:00 AM +00:009/21/2025 1:30:00 PM +00:00Best Buy in the city!!Add to Calendar
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,682
Year Built
- Built in 1936
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 66'x132'
- Landscaped
- Corner Lot
- Level Lot
- Property is zoned ME - Mixed-Use Employment, ME Look in documents above.
Home Design
- Craftsman Architecture
- Poured Concrete
- Asphalt Roof
Interior Spaces
- 1-Story Property
- Wired For Data
- Ceiling height of 9 feet or more
- Ceiling Fan
- Living Room with Fireplace
- Washer and Electric Dryer Hookup
Kitchen
- Electric Oven or Range
- Stone Countertops
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
- Bathtub with Shower
- Garden Bath
Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Home Security
- Video Cameras
- Storm Windows
- Storm Doors
- Fire and Smoke Detector
Parking
- Gravel Driveway
- Off-Street Parking
Schools
- Templeton Elementary School
- Jackson Creek Middle School
- Bloomington South High School
Utilities
- Forced Air Heating and Cooling System
- High-Efficiency Furnace
- Heating System Uses Gas
- Smart Home Wiring
- Cable TV Available
Additional Features
- Energy-Efficient HVAC
- Covered Patio or Porch
- Suburban Location
Community Details
- Southwest Bloomington City Subdivision
Listing and Financial Details
- Assessor Parcel Number 53-08-09-207-015.000-009
- $7,500 Seller Concession
Map
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 | $2,639 | $185,600 | $63,800 | $121,800 |
2023 | $3,517 | $184,300 | $63,800 | $120,500 |
2022 | $1,558 | $171,700 | $63,800 | $107,900 |
2021 | $1,214 | $142,600 | $44,000 | $98,600 |
2020 | $992 | $126,200 | $33,000 | $93,200 |
2019 | $938 | $120,500 | $27,300 | $93,200 |
2018 | $871 | $115,000 | $25,400 | $89,600 |
2017 | $851 | $113,500 | $25,400 | $88,100 |
2016 | $832 | $113,500 | $25,400 | $88,100 |
2014 | $550 | $91,800 | $25,400 | $66,400 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/17/2025 09/17/25 | Price Changed | $292,000 | -1.4% | $202 / Sq Ft |
09/03/2025 09/03/25 | Price Changed | $296,000 | +5.8% | $204 / Sq Ft |
08/25/2025 08/25/25 | Price Changed | $279,899 | 0.0% | $193 / Sq Ft |
08/11/2025 08/11/25 | Price Changed | $279,900 | -0.9% | $193 / Sq Ft |
08/06/2025 08/06/25 | Price Changed | $282,500 | -0.9% | $195 / Sq Ft |
07/31/2025 07/31/25 | Price Changed | $285,000 | +1.8% | $197 / Sq Ft |
07/31/2025 07/31/25 | For Sale | $280,000 | -- | $193 / Sq Ft |
Source: Indiana Regional MLS
MLS Number: 202530095

APN: 53-08-09-207-015.000-009
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