NOT LISTED FOR SALE

1530 W 261st St Sheridan, IN 46069

Estimated Value: $438,000 - $2,435,000

118 Acres
$9,915 Price per Acre
5,140,080 Sq Ft Lot

Last Sold October 31, 2024

Last sale price $2,505,000 $1,232 Per Sq Ft

Current estimated payment $6,551/month

43 Days on Market

Highlights

  • 118 Acre Lot
  • Rural View
  • Farmhouse Style Home
  • Mature Trees
  • Wood Flooring
  • No HOA

About This Lot

As of October 2024

Online Only Public Auction 9-5-24. Listing is for Whole Farm, Tracts 1-3 in the Auction. Tracts will sell individually or in combination. Price reflects starting bid price. High Quality Tillable Land, Wooded Acreage, Potential Building Site, and Farmhouse on approximately 2.5 acres. House is a fixer upper that needs work. Great for someone looking to put in some sweat equity. Alternatively, the home could be demolished and start over by building your dream home in rural Hamilton County. Convenient to US 31 Westfield, Carmel, Kokomo, Cicero, and Noblesville. See included tract map for details on tract layouts and auction brochure for auction details. Sold As Is. Note, all information on house is estimated. Farm lease in effect through 2024 crop year. Whole farm includes 118+/- acres with 89.95+/- tillable and 25.45+/- wooded acres. Individual tracts are listed separately. Visit Halderman website for virtual tour and more auction details. Don't miss a chance to own all or part of this farm and investment property.

Last Agent to Sell the Property

Russell Harmeyer

Halderman - Harmeyer Real Est Brokerage Email: rustyh@halderman.com License #RB14047000 Listed on: 07/22/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,872

Year Built

  • Built in 1950

Lot Details

  • 118 Acre Lot
  • Rural Setting
  • Mature Trees
  • Wooded Lot
  • Additional Parcels

Parking

  • 2 Car Attached Garage

Home Design

  • Farmhouse Style Home
  • Fixer Upper

Interior Spaces

  • 2-Story Property
  • Formal Dining Room
  • Rural Views
  • Basement

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Schools

  • Sheridan Elementary School
  • Sheridan Middle School
  • Sheridan High School

Utilities

  • Well

Listing and Financial Details

  • Assessor Parcel Number 290121000009000001
  • Seller Concessions Not Offered

Community Details

Overview

  • No Home Owners Association

Recreation

  • Porch

Property Details

Property Type

Land

Est. Annual Taxes

$7,872

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Farm
  • Architectural Style: Farmhouse
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1950
  • Building Area Total: 2628
  • Garage Y N: Yes
  • Lot Size Acres: 118
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Website: https://www.halderman.com/real-estate-listing/?id=2e7ce442-29b5-f757-9dd0-667d8b19572c
  • Accessibility Features YN: No
  • MBR_AttributionContact: rustyh@halderman.com
  • Attribution Contact: rustyh@halderman.com
  • Special Features: 4160

Interior Features

  • Basement: Yes
  • Appliances: Other
  • Levels: Two
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 4
  • Interior Amenities: Hardwood Floors
  • Living Area: 2034
  • Eating Area: Separate Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1314
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 720
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Wood
  • Foundation Details: Other
  • Patio And Porch Features: Porch Open
  • Property Condition: Fixer
  • View: Rural
  • View Y N: Yes

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached

Utilities

  • Utilities: Electricity Connected, Septic System, Well
  • Cooling: Central Electric
  • Heating: Other
  • Water Source: Private Well
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: Sheridan Middle School

Lot Info

  • Lot Features: Rural - Not Subdivision, Mature Trees, Trees-Small (Under 20 Ft), Wooded
  • Property Attached Yn: Yes
  • Additional Parcels: Yes
  • Horse Amenities: None
  • Lot Size Sq Ft: 1742400
  • Parcel Number: 290121000009000001
  • Acres: >20 Acres

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 7872.08
  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 3936.04

MLS Schools

  • Elementary School: Sheridan Elementary School
  • High School: Sheridan High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2024
Closed on
Oct 29, 2024
Sold by
Seagrave Suzanne T
Bought by
Seagrave Farms Llc
Seller's Agent
Russell Harmeyer
Halderman - Harmeyer Real Est
List Price
$25,000
Sold Price
$2,505,000
Premium/Discount to List
$2,480,000
9920%
Views
74
Current Estimated Value
$1,170,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,334,977
Avg. Annual Appreciation
-50.91%
Original Mortgage
$1,875,000
Outstanding Balance
$1,753,486
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
-$583,463
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Seagrave Farms Llc -- None Listed On Document
Seagrave Farms Llc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seagrave Farms Llc $1,875,000
Closed Seagrave Farms Llc $1,875,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2024 10/31/24 Sold $2,505,000 +9920.0% $1,232 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $25,000 -- $12 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $4,459 $265,200 $155,600 $109,600
2023 $4,859 $241,200 $139,300 $101,900
2022 $4,294 $212,800 $122,300 $90,500
2021 $4,066 $195,400 $113,300 $82,100
2020 $3,952 $192,500 $112,900 $79,600
2019 $3,984 $194,800 $104,400 $90,400
2018 $4,045 $193,300 $106,600 $86,700
2017 $4,015 $198,300 $116,800 $81,500
2016 $3,991 $202,900 $121,500 $81,400
2014 $3,726 $192,300 $122,300 $70,000
2013 $3,726 $179,900 $109,900 $70,000
Source: Public Records

Agents Affiliated with this Home

  • Russell Harmeyer

    Seller's Agent in 2024

    Russell Harmeyer

    Halderman - Harmeyer Real Est

    (765) 561-1671

    106 Total Sales

    Russell Harmeyer
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21990688

MIBOR Broker Listing Cooperative®

APN: 29-01-21-000-009.000-001

Indiana Hamilton County Sheridan 46069

1530 W 261st St, Sheridan, IN

Not Listed for Sale

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MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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