$175,500
SOLD DEC 11, 2020

1520 S Us Highway 421 Delphi, IN 46923

4.28 Acres
$41,053 Price per Acre
186,219 Sq Ft Lot

Recently Sold

30% Below List Price

186 Days on Market

About This Lot

As of March 2024

Located just off of the heavily traveled Hoosier Heartland Highway, right on 421, this property is prime for development! Directly across the street from the newly constructed gas station, this B2 property is ready for a new owner to envision it's future!

Last Agent to Sell the Property

Rebecca Sheets

Raeco Realty Listed on: 02/14/2020

Co-Listed By

Josh Shives

Raeco Realty

Last Buyer's Agent

Josh Shives

Raeco Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,010

Lot Details

  • 4.28 Acre Lot
  • Property fronts a state road
  • Property fronts an easement
  • Finished Lot(s)

Parking

  • Driveway

Utilities

  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 08-06-32-038-025.000-007

Property Details

Property Type

Land

Est. Annual Taxes

$1,010

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Commercial Land
  • Legal Description: 017-38025-00 PT S2 SE4 NE4 32-25-2 4.275 AC
  • Parcel Number ID: 08-06-32-038-025.000-007
  • Platted: Yes
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 70.2
  • Parcel Description: Irregular, Partially Wooded, 3-5.9999
  • Type of Sale: Traditional
  • Type Use: Commercial
  • Special Features: None

Exterior Features

  • Road Frontage: State

Utilities

  • Electricity Type: Available
  • Fuel Type: Gas
  • Sewer Type: City

Schools

  • School District: Delphi Community School Corp.
  • Elementary School: Delphi Community
  • Middle School: Delphi Community
  • High School: Delphi

Lot Info

  • Lot Dimensions: 4.275
  • Estimated Lot Sq Ft: 186219
  • Estimated Lot Size Acres: 4.275
  • Easements: Yes

Tax Info

  • Annual Taxes: 1010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2024
Closed on
Mar 22, 2024
Sold by
Tom Flora Farms Llc
Bought by
Lanham Timothy W and Lanham Joanne
Seller's Agent
Randall German
Joan Abbott Real Estate
Buyer's Agent
Paula Brooks
Redlow Group
List Price
$499,000
Sold Price
$499,000
Views
51
Current Estimated Value
$441,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$57,693
Avg. Annual Appreciation
-5.95%
Original Mortgage
$200,000
Outstanding Balance
$197,823
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$264,598

Purchase Details

Closed on
May 24, 2023
Sold by
Tom Flora Farms Llc
Bought by
Flora Group Legacy Llc

Purchase Details

Closed on
Nov 8, 2017
Sold by
Flora Patricia K
Bought by
Tom Flora Farms Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
3.92%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 13, 2017
Sold by
Flora Carol L
Bought by
Flora Patricia K

Purchase Details

Closed on
Jan 12, 1998
Sold by
Flora Lee and Flora Helen
Bought by
Flora Thomas and Flora Pamela
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Deed Of Distribution -- None Available
Warranty Deed $92,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 New Conventional
Closed $67,200 New Conventional
Previous Owner $1,600,000 Credit Line Revolving
Previous Owner $0 Unknown
Previous Owner $300,000 Future Advance Clause Open End Mortgage
Previous Owner $0 USDA
Previous Owner $150,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2024 03/22/24 Sold $499,000 0.0% $241 / Sq Ft
01/22/2024 01/22/24 Pending -- -- --
01/17/2024 01/17/24 For Sale $499,000 0.0% $241 / Sq Ft
01/17/2024 01/17/24 Off Market $499,000 -- --
01/16/2024 01/16/24 For Sale $499,000 +184.3% $241 / Sq Ft
12/11/2020 12/11/20 Sold $175,500 -29.8% --
08/18/2020 08/18/20 Pending -- -- --
02/14/2020 02/14/20 For Sale $250,000 -- --
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 $1,797 $259,400 $35,200 $224,200
2023 $1,547 $243,600 $35,200 $208,400
2022 $1,547 $222,500 $35,200 $187,300
2021 $1,529 $211,000 $37,000 $174,000
2020 $1,567 $200,600 $37,000 $163,600
2019 $1,638 $202,500 $37,000 $165,500
2018 $1,364 $179,700 $37,000 $142,700
2017 $1,178 $172,200 $28,000 $144,200
2016 $1,205 $168,100 $28,000 $140,100
2014 $600 $111,000 $28,000 $83,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202006026

Indiana Regional MLS

APN: 08-11-16-000-014.000-014