NOT LISTED FOR SALE

2222 E 5th St Bloomington, IN 47408

Green Acres Neighborhood

Estimated Value: $432,000 - $532,000

5 Beds
2 Baths
2,544 Sq Ft
$182/Sq Ft Est. Value

Last Sold May 19, 2017

Last sale price $285,000 $112 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,766/month

70 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating and Cooling System
  • Partially Carpeted
  • University Elementary School Rated A

About This Home

As of May 2017

5 bed, 2 bath investment house with a long and stable rental history on the east side of IU Campus. 1 car attached garage and ample off-street parking. Leased for 2016/2017 at $2,500/mo. Pre-leased for 2017/2018 at $2,550/mo. 2017 - New roof, updated exterior paint, both bathrooms remodeled. 2012 - New AC. All appliances included - washer, dryer, dishwasher, refrigerator (1 year old), range, microwave. LL responsible for snow removal & lawn care. HAND Occupancy permit for 5 expires March 9, 2021.

Last Listed By

Suzanne O'Connell

Focus HOA and Community Association Management Listed on: 02/10/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,559

Year Built

  • Built in 1950

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 75x126
  • Corner Lot

Home Design

  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Laminate Countertops
  • Washer Hookup

Flooring

  • Partially Carpeted
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 5 Parking Spaces
  • Driveway
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric, sewer, trash collection, water
  • The owner pays for lawn maintenance, snow removal
  • Assessor Parcel Number 53-05-34-424-011.000-005

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,288
  • Maintenance Expense $300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,559

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1950
  • Age: 67
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Highland HMS BLK Q Lots 30-32
  • Parcel Number ID: 53-05-34-424-011.000-005
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Countertops-Laminate, Deck Open, Detector-Smoke, Water Heater Gas, Washer Hook-Up
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 96.61
  • Monthly Gross Income: 2550
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 3816
  • Total Finished Sq Ft: 2544
  • Above Grade Finished Sq Ft: 2544
  • Below Grade Sq Ft: 1272
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Part Carpet, Vinyl
  • Total Below Grade Sq Ft: 1272
  • Number Of Disposals: 1
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Stone
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1288
  • Annual Maintenance Expense: 300
  • Number Electric Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 75x126
  • Estimated Lot Sq Ft: 9583
  • Estimated Lot Size Acres: 0.22
  • Expiration Of Permit: 03/09/2021

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Snow Removal
  • Tenant Pays: Electric, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 2500
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Washers: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 3559

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 11, 2021
Sold by
Solstice Properties Llc
Bought by
Franklin Jarrin A and Franklin Jennifer L
Total Days on Market
70
Current Estimated Value
$463,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,550
Outstanding Balance
$189,814
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$265,808

Purchase Details

Listed on
Feb 10, 2017
Closed on
Jul 17, 2017
Sold by
Kordas Ralph B
Bought by
Franklin Jarrin A and Franklin Jennifer L
Seller's Agent
Suzanne O'Connell
Focus HOA and Community Association Management
List Price
$295,000
Sold Price
$285,000
Premium/Discount to List
-$10,000
-3.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.01%
Original Mortgage
$228,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 10, 2017
Closed on
May 19, 2017
Sold by
Erl 2 Llc
Bought by
Kordas Ralph B and Franklin Jarrin A
Seller's Agent
Suzanne O'Connell
Focus HOA and Community Association Management
List Price
$295,000
Sold Price
$285,000
Premium/Discount to List
-$10,000
-3.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
4.1%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Franklin Jarrin A -- None Available
Franklin Jarrin A -- None Available
Kordas Ralph B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franklin Jarrin A $220,550
Previous Owner Kordas Ralph B $228,000
Previous Owner Erl 2 Llc $2,800,000
Previous Owner Erl 2 Llc $902,400
Previous Owner Erl 2 Llc $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2017 05/19/17 Sold $285,000 -3.4% $112 / Sq Ft
04/21/2017 04/21/17 Pending -- -- --
02/10/2017 02/10/17 For Sale $295,000 -- $116 / 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
2023 $3,677 $346,600 $108,100 $238,500
2022 $6,539 $322,300 $108,100 $214,200
2021 $6,527 $314,200 $85,100 $229,100
2020 $6,281 $304,400 $80,500 $223,900
2019 $5,259 $250,100 $59,800 $190,300
2018 $5,363 $254,500 $69,800 $184,700
2017 $1,921 $189,000 $64,400 $124,600
2016 $3,762 $181,000 $64,400 $116,600
2014 $3,519 $168,700 $64,400 $104,300
Source: Public Records

Agents Affiliated with this Home

  • Suzanne O'Connell

    Seller's Agent in 2017

    Suzanne O'Connell

    Focus HOA and Community Association Management

    (812) 325-8977

    4 Total Sales

    Suzanne O'Connell
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Map

Source: Indiana Regional MLS

MLS Number: 201705291

Indiana Regional MLS

APN: 53-05-34-424-011.000-005

Indiana Monroe County Bloomington 47408 Green Acres

2222 E 5th St, Bloomington, IN

This home is located at 2222 E 5th St, Bloomington, IN 47408 since 10 February 2017 and is currently estimated at $463,531, approximately $182 per square foot. This property was built in 1950. 2222 E 5th St 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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