NOT LISTED FOR SALE

1609 W Allen St Bloomington, IN 47403

Estimated Value: $402,000 - $494,000

7 Beds
4.5 Baths
4,173 Sq Ft
$111/Sq Ft Est. Value

Last Sold October 24, 2023

Last sale price $800,000 $192 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $2,745/month

106 Days on Market

Highlights

  • Cathedral Ceiling
  • 2 Car Detached Garage
  • Kitchen Island
  • Jackson Creek Middle School Rated A
  • Tile Flooring
  • Multiple cooling system units

About This Home

As of October 2023

Great Investment Opportunity! 6 acres of land zoned residential less than 3 miles from downtown Bloomington and Indiana University. There are 2 parcels with 7 structures currently on the property: 3 single family homes (2 of which are currently leased), 2 detached garages (1 with an efficiency apartment upstairs), a metal shop building (currently leased) and a shed. Zoning: RS3.5 -PRO 6 Overlay The PRO 6 overlay allows the following uses: detached single family homes, two family dwellings, townhouses, and apartments.

Last Agent to Sell the Property

Heather Groves

Sterling Real Estate Brokerage Phone: 812-606-4239 Listed on: 07/10/2023

Last Buyer's Agent

BLOOM NonMember

NonMember BL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,695

Year Built

  • Built in 1950

Lot Details

  • 6 Acre Lot
  • Level Lot

Home Design

  • Shingle Roof
  • Wood Siding
  • Metal Siding
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Crawl Space

Kitchen

  • Kitchen Island
  • Laminate Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms

Parking

  • 2 Car Detached Garage
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Outbuilding

Schools

  • Templeton Elementary School
  • Jackson Creek Middle School
  • Bloomington South High School

Utilities

  • Multiple cooling system units
  • Central Air
  • Window Unit Cooling System
  • Baseboard Heating
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Tenant pays for cable, cooling, deposit value, electric, fuel, heating, sewer, trash collection
  • The owner pays for building insurance, lawn maintenance, maintenance, snow removal, tax
  • Assessor Parcel Number 53-08-05-300-020.000-008

Community Details

Overview

  • 7 Buildings
  • 5 Units

Amenities

  • Community Storage Space

Pet Policy

  • Pet Restriction

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,695

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1950
  • Age: 73
  • Bedrooms: 7
  • Number Above Grade Bedrooms: 7
  • Total Bathrooms: 5
  • Total Full Bathrooms: 4
  • Total Number of Half Bathrooms: 1
  • Legal Description: 014-09850-00 SEMINARY PT (E1/2) LOT 175; 5.25A 014-02850-00 SEMINARY PT E1/2 LOT 175; .75A
  • Parcel Number ID: 53-08-05-300-020.000-008
  • Platted: Yes
  • Amenities: Ceiling Fan, Fireplace, Off Street Parking, Near Walking Trail, Storage, Cable Available, Ceiling-Cathedral, Countertops-Laminate, Kitchen Island
  • Parcel Id2: 53-08-05-300-007.000-008
  • Road Surface: Asphalt
  • Sp Lp Percent: 94.12
  • Monthly Gross Income: 3495
  • Year Taxes Payable: 2023
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 7773
  • Total Finished Sq Ft: 4173
  • Above Grade Finished Sq Ft: 4173
  • Above Grade Unfinished Sq Ft: 3600
  • Price Per Sq Ft: 191.71
  • Basement Foundation: Crawl
  • Flooring: Carpet, Tile, Vinyl
  • Number Of Disposals: 3
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Metal, Vinyl, Wood
  • Roof Material: Dimensional Shingles
  • Stories: 2
  • Outbuilding: Pole/Post Building
  • Outbuilding Sq Ft: 3600

Garage/Parking

  • Driveway: Asphalt, Gravel
  • Number Of Parking Spaces: 20
  • Parking: Off Street, Paved, Private

Utilities

  • Cooling: Central Air, Multiple Cooling Units, Window
  • Heating Fuel: Baseboard, Conventional
  • Sewer: City, Septic
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Water Company: Bloomington City Utility
  • Number Of W D Hookups: 3

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Monroe County Community School Corp.
  • Elementary School: Templeton
  • Middle School: Jackson Creek
  • High School: Bloomington South
  • Elementary School: Templeton

Lot Info

  • Lot Description: Level, 6-9.999
  • Lot Dimensions: 326' x 874' approximately
  • Estimated Lot Sq Ft: 261360
  • Estimated Lot Size Acres: 6

Rental Info

  • Lease Term: 1 Year, Renewal Options
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Snow Removal, Tax
  • Tenant Pays: Cable, Cooling, Deposit Value, Electric, Fuel, Heating, Sewer, Trash Collection

Tax Info

  • Exemptions: Homestead, Mortgage, Supplemental
  • Annual Property Tax: 6695

Multi Family

  • Gross Monthly Rent: 3495
  • Number Of Dishwashers: 3
  • Number Of Dryers: 3
  • Number Of Refrigerators: 3
  • Number Of Units: 5
  • Number Of Washers: 3
  • Num Of2 Bedrooms: 2
  • Number Of 3 Bedrooms: 1
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 3

MLS Schools

  • High School: Bloomington South
  • Middle School: Jackson Creek
  • School District: Monroe County Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2023
Closed on
Oct 23, 2023
Sold by
Scott Rebecca J
Bought by
Akhras Sonia R
Seller's Agent
Heather Groves
Sterling Real Estate
Buyer's Agent
BLOOM NonMember
NonMember BL
List Price
$850,000
Sold Price
$800,000
Premium/Discount to List
-$50,000
-5.88%
Views
32
Current Estimated Value
$462,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$337,266
Avg. Annual Appreciation
-24.16%

Purchase Details

Closed on
Apr 23, 2019
Sold by
Scott Jeffrey L and Scott Rebecca J
Bought by
Scott Rebecca J
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
Akhras Sonia R $800,000 John Bethel Title Company
Scott Rebecca J -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2023 10/24/23 Sold $800,000 -5.9% $192 / Sq Ft
07/10/2023 07/10/23 For Sale $850,000 -- $204 / 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 $3,507 $239,200 $78,000 $161,200
2023 $3,419 $222,900 $72,900 $150,000
2022 $2,967 $204,800 $63,400 $141,400
2021 $2,668 $176,900 $50,700 $126,200
2020 $2,732 $172,100 $50,700 $121,400
2019 $1,963 $143,700 $25,400 $118,300
2018 $1,813 $131,200 $25,400 $105,800
2017 $1,802 $130,300 $25,400 $104,900
2016 $1,742 $128,200 $25,400 $102,800
2014 $1,720 $128,900 $25,400 $103,500
Source: Public Records

Agents Affiliated with this Home

  • Heather Groves

    Seller's Agent in 2023

    Heather Groves

    Sterling Real Estate

    (812) 606-4239

    135 Total Sales

    Heather Groves
    Section Image

  • B

    Buyer's Agent in 2023

    BLOOM NonMember

    NonMember BL

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Map

Source: Indiana Regional MLS

MLS Number: 202323902

Indiana Regional MLS

APN: 53-08-05-300-020.000-008

Indiana Monroe County Bloomington 47403

1609 W Allen St, Bloomington, IN

This home is located at 1609 W Allen St, Bloomington, IN 47403 since 10 July 2023 and is currently estimated at $462,734, approximately $110 per square foot. This property was built in 1950. 1609 W Allen St is a home located in Monroe County with nearby schools including Templeton Elementary School, Jackson Creek Middle School, and Bloomington High School South.

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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