NOT LISTED FOR SALE

1961 N Portland Arch Rd Covington, IN 47932

Estimated Value: $92,000 - $176,000

7 Acres
$17,126 Price per Acre
298,212 Sq Ft Lot

Last Sold December 06, 2024

Last sale price $94,245

Est. 24% increase in value since last sale

Current estimated payment $705/month

210 Days on Market

About This Lot

As of December 2024

This is a rare find! Just under 7 acres of property in Fountain County. A three-car garage is on property. Well and septic from previous structure are already in place. Electric has been run to the property as well. This is a Fannie Mae Homepath Property.

Last Agent to Sell the Property

Rebecca Rush

BerkshireHathaway HS IN Realty Brokerage Phone: 765-491-0721 Listed on: 04/19/2024

BerkshireHathaway HS IN Realty

Last Buyer's Agent

Rebecca Rush

BerkshireHathaway HS IN Realty Brokerage Phone: 765-491-0721 Listed on: 04/19/2024

BerkshireHathaway HS IN Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $918

Lot Details

  • 6.85 Acre Lot
  • Property fronts a county road
  • Rural Setting
  • Finished Lot(s)

Parking

  • Garage
  • Private Parking
  • Gravel Driveway

Schools

  • Covington Elementary And Middle School
  • Covington High School

Utilities

  • Propane
  • Well
  • Septic System

Listing and Financial Details

  • Auction
  • Assessor Parcel Number 23-07-07-102-001.000-015

Property Details

Property Type

Land

Est. Annual Taxes

$918

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Residential Land
  • Legal Description: 017-00545-00 PT W1/2 NW 7-20-8 6.846A
  • Parcel Number ID: 23-07-07-102-001.000-015
  • Platted: Yes
  • Location: Rural
  • Road Access: County
  • Road Surface: Asphalt
  • Sp Lp Percent: 100
  • Parcel Description: Irregular, Partially Wooded, Pasture, 6-9.999
  • Type of Sale: Auction
  • Options: Sell Entirely
  • Side Of Road: South
  • Structure Bldg Imprvmnts: Yes
  • Type Use: Residential
  • Year Taxes Payable: 2023
  • Special Features: 1088

Exterior Features

  • Road Frontage: County

Garage/Parking

  • Parking: Garage, Gravel, Private

Utilities

  • Water Utilities: Well
  • Electricity Type: Available
  • Fuel Type: Propane
  • Sewer Type: Septic

Schools

  • School District: Covington Community School Corp.
  • Elementary School: Covington
  • Middle School: Covington
  • High School: Covington
  • Elementary School: Covington

Lot Info

  • Lot Dimensions: IRR
  • Estimated Lot Sq Ft: 298212
  • Estimated Lot Size Acres: 6.846
  • Land Features: Garage

Tax Info

  • Annual Taxes: 918

MLS Schools

  • High School: Covington
  • Middle School: Covington
  • School District: Covington Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2024
Closed on
Dec 6, 2024
Sold by
Federal National Mortgage Association
Bought by
Stephenson Marion
Seller's Agent
Rebecca Rush
BerkshireHathaway HS IN Realty
Buyer's Agent
Rebecca Rush
BerkshireHathaway HS IN Realty
List Price
$136,500
Sold Price
$94,245
Premium/Discount to List
-$42,255
-30.96%
Total Days on Market
210
Views
147
Current Estimated Value
$117,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,000
Avg. Annual Appreciation
46.68%

Purchase Details

Closed on
Jun 15, 2023
Sold by
Tery Holt Fountain County Sheriff
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 17, 2015
Sold by
Spezia Michael T and Spezia Jamie B
Bought by
Martin Kevin R and Martin Deborah K

Purchase Details

Closed on
Mar 15, 2013
Sold by
Spezia Michael T and Spezia Jamie B
Bought by
Lee M and Martin Lee
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
Stephenson Marion $94,245 First Title & Escrow Inc
Federal National Mortgage Association $146,300 Reisenfeld & Associates, Lc
Martin Kevin R -- Attorney
Lee M -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2024 12/06/24 Sold $94,245 -12.7% --
11/15/2024 11/15/24 Pending -- -- --
11/03/2024 11/03/24 Price Changed $107,900 -10.0% --
06/08/2024 06/08/24 Price Changed $119,900 -7.8% --
05/17/2024 05/17/24 Price Changed $130,000 -4.8% --
04/19/2024 04/19/24 For Sale $136,500 -- --
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 $647 $49,300 $33,400 $15,900
2023 $1,760 $130,700 $29,000 $101,700
2022 $1,677 $120,500 $25,500 $95,000
2021 $1,714 $106,100 $24,800 $81,300
2020 $1,723 $98,700 $19,700 $79,000
2019 $1,646 $94,400 $20,800 $73,600
2018 $1,622 $93,200 $21,000 $72,200
2017 $1,460 $90,800 $21,900 $68,900
2016 $1,419 $100,500 $34,400 $66,100
2014 $1,463 $101,600 $35,300 $66,300
2013 $1,463 $69,700 $32,800 $36,900
Source: Public Records

Agents Affiliated with this Home

  • Rebecca Rush

    Seller's Agent in 2024

    Rebecca Rush

    BerkshireHathaway HS IN Realty

    (765) 491-0721

    200 Total Sales

    Rebecca Rush
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Map

Source: Indiana Regional MLS

MLS Number: 202413454

Indiana Regional MLS

APN: 23-07-07-102-001.000-015

Indiana Fountain County Covington 47932

1961 N Portland Arch Rd, Covington, IN

This home is located at 1961 N Portland Arch Rd, Covington, IN 47932 since 19 April 2024 and is currently estimated at $117,245. 1961 N Portland Arch Rd is a home located in Fountain County with nearby schools including Covington Elementary School, Covington Middle School, and Covington Community High School.

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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