NOT LISTED FOR SALE

1724 E Hillside Dr Bloomington, IN 47401

Estimated Value: $1,743,708 - $2,296,000

74 Beds
45.5 Baths
29,720 Sq Ft
$68/Sq Ft Est. Value

Last Sold December 18, 2015

Last sale price $1,920,000 $65 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $14,240/month

Highlights

  • Colonial Architecture
  • ENERGY STAR Certified Homes
  • Energy-Efficient Appliances
  • Binford Elementary School Rated A
  • Double Pane Windows
  • Forced Air Heating and Cooling System

About This Home

As of December 2015

17 3BR and 1 5 BR Apt complex on Bloomington's east side. Approx 1 mile south of IU campus, strong rental history.

Last Agent to Sell the Property

Jason Millican

Jason Millican Group Listed on: 12/18/2015

Last Buyer's Agent

Jason Millican

Jason Millican Group Listed on: 12/18/2015

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $40,292

Year Built

  • Built in 1991

Lot Details

  • 1.56 Acre Lot
  • Level Lot

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 74 Bedrooms

Partially Finished Basement

  • Block Basement Construction
  • 15 Bathrooms in Basement
  • 18 Bedrooms in Basement

Parking

  • 56 Parking Spaces
  • Driveway
  • Paved Parking

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient HVAC
  • ENERGY STAR Certified Homes

Location

  • Suburban Location

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • High-Efficiency Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, electric, fuel
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 53-08-10-200-007.000-009

Community Details

Overview

  • 6 Buildings
  • 56 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Electric Expense $27,900
  • Fuel Expense $25,800
  • Insurance Expense $15,000
  • Maintenance Expense $18,000
  • Trash Expense $2,500
  • Water Sewer Expense $21,600

Property Details

Home Type

Apartment

Est. Annual Taxes

$40,292

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1991
  • Style: Two Story
  • Architectural Style: Colonial
  • Bedrooms: 74
  • Total Bathrooms: 46
  • Total Full Bathrooms: 45
  • Total Number of Half Bathrooms: 1
  • Legal Description: PT NW 10-8-1W 1.56A. |
  • Parcel Number ID: 53-08-10-200-007.000-009
  • Platted: Yes
  • Amenities: Basement, Cable Available, Cable Ready, Countertops-Laminate, Deck Open
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 18
  • Special Features: None

Interior Features

  • Total Sq Ft: 29720
  • Total Finished Sq Ft: 29720
  • Above Grade Finished Sq Ft: 19814
  • Below Grade Finished Sq Ft: 9906
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Number Below Grade Bathrooms: 15
  • Total Below Grade Sq Ft: 9906
  • Number Of Disposals: 18
  • Number Of Microwaves: 18
  • Number Of Ranges Ovens: 18
  • Number Ttl Rooms Below Grade: 80

Exterior Features

  • Exterior: Aluminum, Brick
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Driveway: Asphalt
  • Number Of Parking Spaces: 56
  • Parking: Paved

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Water Company: Bloomington City Utility
  • Cable Company: Comcast
  • Hvac: High Efficiency Furnace
  • Annual Electric: 27900
  • Annual Fuel Expense: 25800
  • Annual Insurance Expense: 15000
  • Annual Maintenance Expense: 18000
  • Annual Trash Expense: 2500
  • Annual Water Sewer Expense: 21600

Condo/Co-op/Association

  • Common Amenities: Sidewalks
  • Pet Restrictions: Yes

Schools

  • Elementary School: Templeton

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 1.56
  • Estimated Lot Sq Ft: 67954
  • Estimated Lot Size Acres: 1.56

Green Features

  • Energy Efficient: Appliances, HVAC
  • Green Certifications: Energy Star
  • Energy Efficient Windows/Doors: Double Pane Windows

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Cable, Electric, Fuel

Tax Info

  • Annual Property Tax: 40292

Multi Family

  • Number Of Dishwashers: 18
  • Number Of Refrigerators: 18
  • Number Of Units: 56

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2021
Sold by
Beech Tree Manors Llc
Bought by
1724 E Hillside Llc
Current Estimated Value
$2,019,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,094,938
Outstanding Balance
$1,165,145
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$854,709

Purchase Details

Listed on
Dec 18, 2015
Closed on
Nov 30, 2015
Sold by
Orion Iu Llc
Bought by
Beech Tree Manros Llc
Seller's Agent
Jason Millican
Jason Millican Group
Buyer's Agent
Jason Millican
Jason Millican Group
List Price
$1,920,000
Sold Price
$1,920,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.50%
Original Mortgage
$1,632,000
Interest Rate
3.88%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 30, 2007
Sold by
Susan Elkins Goldsworthy Llc
Bought by
Union Beach Llc

Purchase Details

Closed on
May 12, 2005
Sold by
Elkins Terry L and Elkins Janice M
Bought by
Susan Elkins Goldsworthy Llc and Terry L And Janice M Elkins Lp
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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Purchase History

Date Buyer Sale Price Title Company
1724 E Hillside Llc -- None Available
Beech Tree Manros Llc -- None Available
Union Beach Llc -- None Available
Susan Elkins Goldsworthy Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1724 E Hillside Llc $5,094,938
Previous Owner Beech Tree Manros Llc $1,632,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2015 12/18/15 Sold $1,920,000 0.0% $65 / Sq Ft
12/18/2015 12/18/15 Pending -- -- --
12/18/2015 12/18/15 For Sale $1,920,000 -- $65 / 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 $45,006 $2,198,400 $536,300 $1,662,100
2023 $16,313 $1,541,800 $429,000 $1,112,800
2022 $31,958 $1,578,400 $429,000 $1,149,400
2021 $33,266 $1,604,900 $429,000 $1,175,900
2020 $31,601 $1,528,900 $429,000 $1,099,900
2019 $32,148 $1,528,900 $429,000 $1,099,900
2018 $31,900 $1,513,700 $429,000 $1,084,700
2017 $31,541 $1,493,400 $429,000 $1,064,400
2016 $30,997 $1,493,400 $429,000 $1,064,400
2014 $40,293 $1,935,200 $429,000 $1,506,200
Source: Public Records

Agents Affiliated with this Home

  • Jason Millican

    Seller's Agent in 2015

    Jason Millican

    Jason Millican Group

    (317) 372-9999

    120 Total Sales

    Jason Millican
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Map

Source: Indiana Regional MLS

MLS Number: 201556481

Indiana Regional MLS

APN: 53-08-10-200-007.000-009

Indiana Monroe County Bloomington 47401

1724 E Hillside Dr, Bloomington, IN

Not Listed for Sale

MultiFamily

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