NOT LISTED FOR SALE

1708 N Fee Ln Bloomington, IN 47408

Estimated Value: $365,000 - $435,000

3 Beds
2 Baths
1,736 Sq Ft
$229/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $3,100,000 $1,786 Per Sq Ft

Current estimated payment $2,250/month

9 Days on Market

About This Home

As of December 2021

This extremely rare opportunity is located on Fee Lane across from the Indiana University Field House and Assembly Hall. City water and electric are available for this 2 acre site. Recently zoned Mixed use Institutional by the City of Bloomington, there are many permitted uses by right including assisted living facility, Continuing care retirement facility, conference, convention or event facility, medical clinic and general office. Multi family dwellings are a conditional use. There is an older home near the back of the property that currently has a lease that expires in August 2022. It is managed by a local property management company. This property has been in the same family for over 50 years. It has always been a rental or residential property. It is located around the corner from the new IU Bloomington Hospital that should be complete this Fall (2021) and near North Fraternity Row.

Last Agent to Sell the Property

Linda Joachim Gluff

Realty Professionals Listed on: 09/07/2021

Realty Professionals

Last Buyer's Agent

James Regester

Realty Professionals

Realty Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,764

Lot Details

  • 2 Acre Lot
  • Lot Dimensions are 540' x 151'
  • The community has rules related to zoning restrictions
  • Zoning described as Mixed Use Institutional

Parking

  • Gravel Driveway
  • Paved Parking

Utilities

  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 53-05-27-300-006.000-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,764

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Commercial Land
  • Legal Description: 013-32960-00 PT SW SW 27-9-1W (2 Acres) Plat 25
  • Parcel Number ID: 53-05-27-300-006.000-005
  • Platted: Yes
  • Cross Street: 17th Street
  • Grid: Northeast Bloomington Cit-2000
  • Location: City, On College Campus
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 101.64
  • Zoning Description: Mixed Use Institutional
  • Parcel Description: Partially Wooded, Slope, 0-2.9999
  • Restrictions: Zoning Restrictions
  • Type of Sale: Traditional
  • Options: Sell Entirely
  • Side Of Road: East
  • Structure Bldg Imprvmnts: Yes
  • Type Use: Commercial
  • Special Features: None

Exterior Features

  • Road Frontage: City

Garage/Parking

  • Parking: Gravel, Paved

Utilities

  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Water Company: Bloomington City Utility
  • Cable Company: Comcast
  • Electricity Type: Available
  • Fuel Type: Electric
  • Sewer Type: Septic

Schools

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

Lot Info

  • Lot Dimensions: 540' x 151'
  • Estimated Lot Sq Ft: 87120
  • Estimated Lot Size Acres: 2
  • Improvements: Sidewalks
  • Land Features: House

Tax Info

  • Annual Taxes: 3763.82

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2021
Closed on
Dec 28, 2021
Sold by
Pmh 102 Llc
Bought by
Indiana University Foundation Inc
Seller's Agent
Linda Joachim Gluff
Realty Professionals
Buyer's Agent
James Regester
Realty Professionals
List Price
$3,050,000
Sold Price
$3,100,000
Premium/Discount to List
$50,000
1.64%
Current Estimated Value
$396,815

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,703,185
Avg. Annual Appreciation
-41.53%

Purchase Details

Closed on
Nov 14, 2018
Sold by
Nolan Vat and Nolan Lynn Marie
Bought by
Pmh 102 Llc
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 Buyer Sale Price Title Company
Indiana University Foundation Inc $3,100,000 Titleplus
Pmh 102 Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2021 12/30/21 Sold $3,100,000 +1.6% $1,786 / Sq Ft
09/16/2021 09/16/21 Pending -- -- --
09/07/2021 09/07/21 For Sale $3,050,000 -- $1,757 / 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 -- $242,400 $41,600 $200,800
2023 $2,027 $231,100 $40,000 $191,100
2022 $3,488 $211,900 $40,000 $171,900
2021 $3,723 $179,200 $30,000 $149,200
2020 $3,764 $182,400 $30,000 $152,400
2019 $3,610 $171,700 $30,000 $141,700
2018 $3,481 $165,200 $30,000 $135,200
2017 $3,455 $163,600 $30,000 $133,600
2016 $3,465 $166,700 $30,000 $136,700
2014 $3,423 $164,100 $30,000 $134,100
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Linda Joachim Gluff

    RE/MAX

    Section Image
  • James Regester

    Buyer's Agent in 2021

    James Regester

    RE/MAX

    (812) 650-3600

    123 Total Sales

    James Regester
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202137417

Indiana Regional MLS

APN: 53-05-27-300-006.000-005

Indiana Monroe County Bloomington 47408

1708 N Fee Ln, Bloomington, IN

This home is located at 1708 N Fee Ln, Bloomington, IN 47408 since 07 September 2021 and is currently estimated at $396,815, approximately $228 per square foot. 1708 N Fee Ln is a home located in Monroe County with nearby schools including University 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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