NOT LISTED FOR SALE

2507 S 225 W Franklin, IN 46131

Estimated Value: $378,000

14.14 Acres
$26,733 Price per Acre
615,938 Sq Ft Lot

Last Sold October 15, 2019

Last sale price $147,500 $107 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $2,067/month

About This Lot

As of October 2019

Over 14 acres of farm ground with easy access to both Trafalgar and Franklin. There are 2 wells and a septic system on the sight. Great potential building site with nice well kept homes for neighbors. There are several dilapidated outbuildings and a house also on the property. The buildings are in very poor condition and have no value. Please do not enter the buildings as they are unsafe. Property is being sold AS-IS. The acreage is currently being leased and the crops are not included in the purchase price. The neighbors barn on the south side of the property may encroach on the subject.

Last Agent to Sell the Property

Mark Nally

Carpenter, REALTORS® License #RB14019699 Listed on: 09/19/2019

Carpenter, REALTORS®

Last Buyer's Agent

Mark Nally

Carpenter, REALTORS® License #RB14019699 Listed on: 09/19/2019

Carpenter, REALTORS®

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,132

Lot Details

  • 14.14

Additional Features

  • 14.14 Acre Lot
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 410936041011002034

Property Details

Property Type

Land

Est. Annual Taxes

$2,132

Lot Details

0

Listing Details

  • Type: AgricLand
  • Property Sub Type: Residential Lots
  • Property Type: Land
  • New Construction: No
  • Tax Year: 2017
  • Lot Size Acres: 14.14
  • Road Frontage Type: County Road
  • Road Surface Type: Asphalt
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Property Description: Over 14 acres of farm ground with easy access to both Trafalgar and Franklin. There are 2 wells and a septic system on the sight. Great potential building site with nice well kept homes for neighbors. There are several dilapidated outbuildings and a house also on the property. The buildings are in very poor condition and have no value. Please do not enter the buildings as they are unsafe. Property is being sold AS-IS. The acreage is currently being leased and the crops are not included in the purchase price. The neighbors barn on the south side of the property may encroach on the subject.
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0

Exterior Features

  • Disclosures: Not Applicable
  • List Price: 149900
  • Other Structures: NoValue
  • Topography: Flood Plain Partial,Stream
  • Road Access: CountyRd
  • Water: Well on Site,See Remarks

Utilities

  • Sewer: Septic Tank
  • Solid Waste: 1

Lot Info

  • Development Status: Not Applicable
  • Parcel Number: 410936041011002034
  • Zoning: A-1
  • Acres: 10-20 Acres
  • Lot Number: 0
  • Lot Size: 615,938
  • Improvements: SeeRemarks
  • Potential Zoning: Single Family
  • Present Zoning: Agricultur
  • Price Acre: 10601

Tax Info

  • Tax Annual Amount: 2132
  • Semi Annual Property Tax Amt: 1066
  • Tax Exemption: None

MLS Schools

  • School District: Franklin Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 22, 2021
Sold by
Sorrells Monte L and Sorrells Denise S
Bought by
S & D Property Group Llc
Current Estimated Value
$378,000

Purchase Details

Listed on
Sep 19, 2019
Closed on
Oct 15, 2019
Sold by
Zufall John P
Bought by
Sorrells Monte L and Sorrells Denise S
Seller's Agent
Mark Nally
Carpenter, REALTORS®
Buyer's Agent
Mark Nally
Carpenter, REALTORS®
List Price
$149,900
Sold Price
$147,500
Premium/Discount to List
-$2,400
-1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.03%
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
S & D Property Group Llc -- Security Title
Sorrells Monte L $147,500 Security Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2019 10/15/19 Sold $147,500 -1.6% $107 / Sq Ft
09/20/2019 09/20/19 Pending -- -- --
09/19/2019 09/19/19 For Sale $149,900 -- $109 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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
2025 $846 $45,900 $31,300 $14,600
2024 $846 $44,000 $29,900 $14,100
2023 $775 $33,700 $19,600 $14,100
2022 $721 $33,700 $19,600 $14,100
2021 $653 $29,800 $19,100 $10,700
2020 $656 $115,600 $55,400 $60,200
2019 $2,286 $108,400 $49,200 $59,200
2018 $2,161 $108,000 $49,900 $58,100
2017 $2,131 $107,900 $53,100 $54,800
2016 $2,135 $106,700 $54,600 $52,100
2014 $1,993 $104,100 $55,900 $48,200
2013 $1,993 $104,200 $51,900 $52,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21670008

MIBOR Broker Listing Cooperative®

APN: 41-09-36-041-011.002-034