NOT LISTED FOR SALE

16506 Painter Rd Leo, IN 46765

Estimated Value: $362,000 - $425,000

3 Beds
2 Baths
2,554 Sq Ft
$153/Sq Ft Est. Value

Last Sold January 10, 2022

Last sale price $305,000 $119 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,365/month

67 Days on Market

Highlights

  • Ranch Style House
  • Partially Wooded Lot
  • 2 Car Attached Garage
  • Cedarville Elementary School Rated A-
  • Wood Flooring
  • Eat-In Kitchen

About This Home

As of January 2022

This incredible sprawling ranch on 1.25 acres in the highly desirable Leo schools awaits, with lush landscape, soaring mature trees, and an abundance of privacy for enjoying outdoor living and entertaining. This usable floor plan features a bright and updated open concept kitchen with stainless steel appliances, breakfast bar, and an abundance of counterspace and cabinetry for your culinary delights. Multiple living areas are situated perfectly for entertaining or relaxing in comfort from the family room with French doors leading to the rear deck and water garden to the recreational room in the basement featuring a cozy brick fireplace and more! You will also enjoy the extremely rare oversize laundry room that includes the washer & dryer, standup freezer, and a multitude of cabinetry for storage. Bright and awash in natural light best describes every room in this charming abode. The incredible garage exhibits show room floors and there are two generous sheds for storage or lawn equipment. Don't miss out on this incredible find!

Last Listed By

Eric Thrasher

RE/MAX Results Listed on: 09/30/2021

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,432

Year Built

  • Built in 1967

Lot Details

  • 1.25 Acre Lot
  • Lot Dimensions are 228x303x249x30
  • Rural Setting
  • Landscaped
  • Lot Has A Rolling Slope
  • Partially Wooded Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Ranch Style House
  • Traditional Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • Woodwork
  • Ceiling Fan
  • Electric Fireplace
  • Entrance Foyer
  • Pull Down Stairs to Attic

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Oven or Range
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Washer and Electric Dryer Hookup

Finished Basement

  • Sump Pump
  • 2 Bedrooms in Basement
  • Crawl Space

Schools

  • Cedarville Elementary School
  • Leo Middle School
  • Leo High School

Utilities

  • Forced Air Heating and Cooling System
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 02-03-09-453-001.001-042

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,432

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1967
  • Age: 54
  • Style: One Story
  • Architectural Style: Ranch, Traditional
  • Total Number of Rooms: 8
  • Total Number of Rooms Below Grade: 2
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: .92 AC TR 325.93 FT N OF SW COR SE 1/4 SEC 9 N 223.7FT OF S 549.63FT OF W 310.46FT EX S 91.49FT OF E 176.46FT & EX W 208.71 FT SE1/4 SEC 9
  • Parcel Number ID: 02-03-09-453-001.001-042
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Attic Pull Down Stairs, Breakfast Bar, Ceiling Fan(s), Deck Open, Disposal, Dryer Hook Up Electric, Eat-In Kitchen, Foyer Entry, Garage Door Opener, Landscaped, Natural Woodwork, Range/Oven Hook Up Elec, Tub/Shower Combination, Main Floor Laundry, Sump Pump, Washer Hook-Up
  • Location: Rural
  • Sp Lp Percent: 93.88
  • Year Taxes Payable: 2020
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2912
  • Total Finished Sq Ft: 2554
  • Above Grade Finished Sq Ft: 1792
  • Below Grade Finished Sq Ft: 762
  • Below Grade Sq Ft: 358
  • Price Per Sq Ft: 170.2
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement, Finished
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 1
  • Fireplace: Rec Rm, Electric, One
  • Fireplace: Yes
  • Flooring: Hardwood Floors, Carpet, Laminate, Vinyl
  • Living Great Room: Dimensions: 14x14, On Level: Main
  • Kitchen: Dimensions: 14x14, On Level: Main
  • Family Room: Dimensions: 24x14, On Level: Main
  • Recreation Room: Dimensions: 27x17, On Level: Basement
  • Extra Room: Dimensions: 23x13, On Level: Basement
  • Bedroom 1: Dimensions: 14x14, On Level: Main
  • Bedroom 2: Dimensions: 14x10, On Level: Main
  • Bedroom 3: Dimensions: 10x9, On Level: Main
  • Number of Main Level Full Bathrooms: 2
  • Total Below Grade Sq Ft: 1120

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: Shed, Dimensions: 13x13
  • Outbuilding2: Shed, Dimensions: 11x8, 88

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 22x24
  • Garage Sq Ft: 528
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electric, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Laundry: Dimensions: Mainx9, On Level: 11
  • Well Type: Private

Schools

  • School District: East Allen County
  • Elementary School: Cedarville
  • Middle School: Leo
  • High School: Leo
  • Elementary School: Cedarville

Lot Info

  • Lot Description: Partially Wooded, Rolling
  • Lot Dimensions: 228x303x249x30
  • Estimated Lot Sq Ft: 54450
  • Estimated Lot Size Acres: 1.25

Tax Info

  • Annual Taxes: 1432

MLS Schools

  • High School: Leo
  • Middle School: Leo
  • School District: East Allen County

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2021
Closed on
Jan 10, 2022
Sold by
Matherly Rose M
Bought by
Eicher Isaac J and Eicher Cassidy
Seller's Agent
Eric Thrasher
RE/MAX Results
Buyer's Agent
Matthew Donahue
CENTURY 21 Bradley Realty, Inc
List Price
$324,900
Sold Price
$305,000
Premium/Discount to List
-$19,900
-6.12%
Total Days on Market
67
Current Estimated Value
$390,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,404
Avg. Annual Appreciation
7.40%
Original Mortgage
$240,000
Outstanding Balance
$224,771
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$161,505

Purchase Details

Closed on
May 21, 2015
Sold by
Turner Daniel M
Bought by
Matherly David A and Matherly Rose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
3.65%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
May 4, 2014
Closed on
Jul 25, 2014
Sold by
Dwyer Bonnie L and Dwyer Dean A
Bought by
Turner Daniel M
Seller's Agent
Ken Steury
Coldwell Banker Real Estate Group
Buyer's Agent
Ken Steury
Coldwell Banker Real Estate Group
List Price
$159,900
Sold Price
$148,000
Premium/Discount to List
-$11,900
-7.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.31%

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
Eicher Isaac J $305,000 Centurion Land Title
Matherly David A -- Meridian Title Corp
Turner Daniel M -- Old Republic Natl Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eicher Isaac J $240,000
Previous Owner Matherly Rose M $111,652
Previous Owner Matherly Rose M $71,500
Previous Owner Matherly David A $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2022 01/10/22 Sold $305,000 -6.1% $119 / Sq Ft
12/06/2021 12/06/21 Pending -- -- --
10/23/2021 10/23/21 For Sale $324,900 0.0% $127 / Sq Ft
10/05/2021 10/05/21 Pending -- -- --
09/30/2021 09/30/21 For Sale $324,900 +119.5% $127 / Sq Ft
07/25/2014 07/25/14 Sold $148,000 -7.4% $83 / Sq Ft
06/21/2014 06/21/14 Pending -- -- --
05/04/2014 05/04/14 For Sale $159,900 -- $89 / 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 $2,275 $312,500 $62,000 $250,500
2022 $1,726 $238,000 $57,600 $180,400
2021 $1,473 $198,600 $57,600 $141,000
2020 $1,437 $191,400 $57,600 $133,800
2019 $1,180 $178,800 $57,600 $121,200
2018 $1,155 $170,400 $52,800 $117,600
2017 $1,167 $166,200 $52,800 $113,400
2016 $1,082 $157,400 $52,800 $104,600
2014 $1,045 $150,500 $52,800 $97,700
2013 $1,089 $152,500 $52,800 $99,700
Source: Public Records

Agents Affiliated with this Home

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Source: Indiana Regional MLS

MLS Number: 202141153

Indiana Regional MLS

APN: 02-03-09-453-001.001-042