NOT LISTED FOR SALE

2470 S 625 W Topeka, IN 46571

Estimated Value: $262,000 - $610,000

3 Beds
2 Baths
1,850 Sq Ft
$259/Sq Ft Est. Value

Last Sold July 12, 2019

Last sale price $400,500 $216 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,860/month

31 Days on Market

Highlights

  • Log Cabin
  • 3 Car Attached Garage
  • Ceiling Fan
  • Westview Elementary School Rated A-
  • Central Air
  • Geothermal Heating and Cooling

About This Home

As of July 2019

Amazing opportunity!! 3 bedroom, 2 bath log cabin home on 5 acres. 48’ x 56’ workshop area with a separate cemented area for tractors. Plus a finished upstairs over the workshop with a rescued elementary school basketball floor. Very unique! Also is plumbed for a bathroom. Home includes a generator all set up. Main floor bedroom and full bath. Upstairs has a sitting area with a master bedroom, walk in closet and another bedroom. The bedrooms share the large closet. Master bathroom has a custom tiled shower with washer and dryer in the closet. Large porch surrounds the home. Full basement with a partially finished room. Could be used as a bedroom or office/craft room. The homeowners lovingly built the home and planted trees to make this property feel like you are home! All written bids will be presented to sellers on June 6, 2019. Sellers reserve the right to reject any and all offers.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,256

Year Built

  • Built in 1994

Lot Details

  • 5 Acre Lot
  • Lot Dimensions are 640.7x337
  • Rural Setting
  • Level Lot

Parking

  • 3 Car Attached Garage

Home Design

  • Log Cabin
  • Poured Concrete
  • Metal Roof
  • Log Siding

Interior Spaces

  • 1.5-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Shipshewana Elementary School
  • Westview Middle School
  • Westview High School

Utilities

  • Central Air
  • Geothermal Heating and Cooling
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 44-12-01-400-010.002-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,256

Year Built

Built in 1994

Lot Details

0

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1994
  • Age: 25
  • Style: One and Half Story
  • Architectural Style: Log
  • Total Number of Rooms: 10
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Myer's Addition Replat Lot 1 5 AC
  • Parcel Number ID: 44-12-01-400-010.002-007
  • Platted: Yes
  • Location: Rural
  • Sp Lp Percent: 100.38
  • Year Taxes Payable: 2019
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2970
  • Total Finished Sq Ft: 1850
  • Above Grade Finished Sq Ft: 1850
  • Below Grade Sq Ft: 1120
  • Price Per Sq Ft: 216.49
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, Gas Log
  • Fireplace: Yes
  • Living Great Room: Dimensions: 27x15, On Level: Main
  • Kitchen: Dimensions: 16x13, On Level: Main
  • Dining Room: Dimensions: 9x8, On Level: Main
  • Extra Room: Sitting Room, Dimensions: 9x8, On Level: Upper
  • Bedroom 1: Dimensions: 16x18, On Level: Upper
  • Bedroom 2: Dimensions: 15x12, On Level: Upper
  • Bedroom 3: Dimensions: 13x10, On Level: Main
  • Loft: Dimensions: 12x9, On Level: Upper
  • Main Level Sq Ft: 1205
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 1120

Exterior Features

  • Exterior: Log
  • Roof Material: Metal
  • Outbuilding1: Barn, Dimensions: 48x56

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 3
  • Garage Size: Dimensions: 38x24
  • Garage Sq Ft: 912
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Geothermal
  • Sewer: Septic
  • Water Utilities: Well
  • Hvac: Ceiling Fan, Geo Heat (Closed Loop)
  • Well Type: Private

Schools

  • School District: Westview School Corp.
  • Elementary School: Shipshewana
  • Middle School: Westview
  • High School: Westview
  • Elementary School: Shipshewana

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 640.7x337
  • Estimated Lot Sq Ft: 217800
  • Estimated Lot Size Acres: 5

Tax Info

  • Annual Taxes: 2256
  • Exemptions: Over 65, Homestead, Mortgage

MLS Schools

  • High School: Westview
  • Middle School: Westview
  • School District: Westview School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2023
Sold by
Otto Aaron David
Bought by
Petersheim Merlin James and Petersheim Eva Irene
Current Estimated Value
$479,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$319,601
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$185,477

Purchase Details

Listed on
May 6, 2019
Closed on
Jul 12, 2019
Sold by
David Mayers J and David Barbara A
Bought by
Otto Aaron David
List Price
$399,000
Sold Price
$400,500
Premium/Discount to List
$1,500
0.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.94%
Original Mortgage
$320,400
Interest Rate
4.89%
Mortgage Type
Construction
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
Petersheim Merlin James $640,000 Metropolitan Title
Otto Aaron David $400,500 Metroplitan Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Darin Lynn $106,463
Open Petersheim Merlin James $330,000
Previous Owner Otto Aaron David $320,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2019 07/12/19 Sold $400,500 +0.4% $216 / Sq Ft
06/06/2019 06/06/19 Pending -- -- --
05/06/2019 05/06/19 For Sale $399,000 -30.6% $216 / Sq Ft
07/27/2018 07/27/18 Sold $575,000 -23.3% $239 / Sq Ft
06/26/2018 06/26/18 Pending -- -- --
06/04/2018 06/04/18 For Sale $750,000 -- $311 / 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 $2,559 $443,300 $44,200 $399,100
2023 $2,348 $430,100 $42,100 $388,000
2022 $4,177 $392,400 $36,700 $355,700
2021 $3,936 $349,200 $34,600 $314,600
2020 $3,740 $324,000 $33,100 $290,900
2019 $3,752 $324,000 $33,800 $290,200
Source: Public Records

Map

Source: Indiana Regional MLS

MLS Number: 201917469

Indiana Regional MLS

APN: 44-12-01-400-010.002-007