NOT LISTED FOR SALE

1516 E Fairwood Dr Bloomington, IN 47408

Estimated Value: $216,000 - $335,000

2 Beds
1 Bath
754 Sq Ft
$369/Sq Ft Est. Value

Last Sold March 02, 2016

Last sale price $110,500 $147 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $1,732/month

Highlights

  • 1-Story Property
  • Central Air
  • Level Lot
  • Marlin Elementary School Rated A

About This Home

As of June 2021

Half of a duplex in a quiet residential neighborhood off Old 37 N. Located just 3 miles from the IU stadium, this unit available July 15. Two bedrooms, 1 bath, washer/dryer, central air and gas heat. Tenant pays water, electric and gas. One year lease, Occupancy is limited to 2 people. Listing agent is owner. Completed application (no application fee) is required prior to showings.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,285

Year Built

  • Built in 1960

Lot Details

  • 0.73 Acre Lot
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex

Interior Spaces

  • 754 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heating System Uses Gas
  • Septic System

Community Details

  • Pet Restriction

Listing and Financial Details

  • Security Deposit $750
  • Assessor Parcel Number 5305152010710000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,285

Year Built

Built in 1960

Lot Details

0

Rental Info

  • Lease Term: 1 Year
  • Pet Fee: 25
  • Security Deposit: 750

Listing Details

  • Class: RESIDENTIAL FOR LEASE
  • Property Sub Type: Duplex
  • Year Built: 1960
  • Age: 61
  • Style: One Story
  • Total Number of Rooms: 4
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Fairwood Terrace Lot 50
  • Parcel Number ID: 5305152010710000
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 754
  • Total Finished Sq Ft: 754
  • Above Grade Finished Sq Ft: 754
  • Price Per Sq Ft: 0.99
  • Basement Foundation: Crawl
  • Living Great Room: Dimensions: 16x13, On Level: Main
  • Kitchen: Dimensions: 12x11, On Level: Main
  • Bedroom 1: Dimensions: 13x10, On Level: Main
  • Bedroom 2: Dimensions: 10x9, On Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Outbuilding1: None
  • Outbuilding2: None

Garage/Parking

  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: Septic
  • Water Utilities: City

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Estimated Lot Sq Ft: 31799
  • Estimated Lot Size Acres: 0.73

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2011
Closed on
May 10, 2012
Sold by
Stipp Penni Jo and Minett Penni Jo
Bought by
Shier Timothy A
Seller's Agent
Dan Rarey
Dan Rarey Real Estate
Buyer's Agent
Amy Bernitt
Bernitt Realty
List Price
$125,000
Sold Price
$112,500
Premium/Discount to List
-$12,500
-10%
Current Estimated Value
$278,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,569
Avg. Annual Appreciation
6.98%
Original Mortgage
$78,750
Outstanding Balance
$54,176
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$223,893
Source: Public Records

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
Shier Timothy A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shier Timothy A $78,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/17/2021 06/17/21 Rented $750 0.0% --
06/15/2021 06/15/21 Under Contract -- -- --
06/03/2021 06/03/21 For Rent $750 0.0% --
03/02/2016 03/02/16 Sold $110,500 -7.8% $73 / Sq Ft View Prior Sale
01/14/2016 01/14/16 Pending -- -- --
12/30/2015 12/30/15 For Sale $119,900 +6.6% $80 / Sq Ft
05/10/2012 05/10/12 Sold $112,500 -10.0% $75 / Sq Ft View Prior Sale
04/09/2012 04/09/12 Pending -- -- --
10/17/2011 10/17/11 For Sale $125,000 -- $83 / 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 $3,285 $223,000 $68,000 $155,000
2023 $1,637 $212,500 $65,400 $147,100
2022 $2,869 $197,400 $65,400 $132,000
2021 $2,832 $187,500 $65,400 $122,100
2020 $2,987 $189,000 $60,700 $128,300
2019 $2,175 $141,500 $25,200 $116,300
2018 $2,192 $137,500 $25,200 $112,300
2017 $1,998 $124,400 $25,200 $99,200
2016 $1,259 $126,000 $25,200 $100,800
2014 $1,003 $128,500 $25,200 $103,300
Source: Public Records

Agents Affiliated with this Home

  • Deborah Tomaro

    Seller's Agent in 2016

    Deborah Tomaro

    Deb Tomaro Real Estate

    (812) 345-4404

    221 Total Sales

    Deborah Tomaro
    Section Image
  • Dan Rarey

    Seller's Agent in 2012

    Dan Rarey

    Dan Rarey Real Estate

    (812) 325-2547

    98 Total Sales

    Dan Rarey
    Section Image

  • A

    Buyer's Agent in 2012

    Amy Bernitt

    Bernitt Realty

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202120822

Indiana Regional MLS

APN: 53-05-15-201-071.000-004

Indiana Monroe County Bloomington 47408

1516 E Fairwood Dr, Bloomington, IN

This home is located at 1516 E Fairwood Dr, Bloomington, IN 47408 since 03 June 2021 and is currently priced at $278,069. This property was built in 1960. 1516 E Fairwood Dr is a home located in Monroe County with nearby schools including Marlin Elementary School, Tri-North Middle School, and Bloomington High School North.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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