NOT LISTED FOR SALE

2655 Timber Ln Spencer, IN 47460

Estimated Value: $279,000 - $451,000

5 Beds
2 Baths
2,300 Sq Ft
$154/Sq Ft Est. Value

Last Sold October 02, 2012

Last sale price $75,000 $33 Per Sq Ft

Est. 374% increase in value since last sale

Current estimated payment $2,136/month

97 Days on Market

Highlights

  • RV Parking in Community
  • Pole House Architecture
  • Covered Deck
  • Partially Wooded Lot
  • 4 Car Detached Garage
  • Wood Siding

About This Home

As of October 2012

Seclusion, woods, log home. Short sale - Home is solid, has been vandalized and is missing the hot water heater,central AC unit and some wiring from the basement ceiling has been removed. Home is sold 'AS IS' and owner's lender has agreed to take a short sale. Land would support 2nd home and there is a LOVELY spot in the back of lot. over-sized outbuilding (previous owner was a wood worker).Well is 125 deep and CLEAN! Outbuilding is 50'X 25' with concrete floor & electric.

Last Agent to Sell the Property

Suzette Weakley

Bloomington Realty, Inc Listed on: 04/25/2012

Last Buyer's Agent

Amy Bernitt

Bernitt Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,193

Year Built

  • Built in 1986

Lot Details

  • 8 Acre Lot
  • Lot Dimensions are 540' x 650'
  • Partially Wooded Lot
  • Zoning described as Agricultural-Agricultural

Parking

  • 4 Car Detached Garage

Home Design

  • Pole House Architecture
  • Log Cabin
  • Poured Concrete
  • Wood Siding
  • Log Siding

Interior Spaces

  • 1.5-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Block Basement Construction

Outdoor Features

  • Covered Deck

Schools

  • Mccormicks Creek Elementary School
  • Owen Valley Middle School
  • Owen Valley High School

Utilities

  • Heating System Uses Gas
  • Septic System

Community Details

  • Owen Subdivision
  • RV Parking in Community

Listing and Financial Details

  • Assessor Parcel Number 60-17-26-200-120.111-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,193

Year Built

Built in 1986

Lot Details

0

Parking

4

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1986
  • Age: 26
  • Style: One and Half Story
  • Architectural Style: Log
  • Total Number of Rooms: 10
  • Bedrooms: 5
  • Total Full Bathrooms: 2
  • Legal Description: Tract 111 Bittersweet Hills Addition - 8 acres +/- |
  • Parcel Number ID: 60-17-26-200-120.111-016
  • Platted: Yes
  • Amenities: Deck Covered, RV Parking
  • Zoning Description: Agricultural-Agricultural
  • Year Taxes Payable: 2011/2012
  • Special Features: 12
  • Stories: 1

Interior Features

  • Total Sq Ft: 3200
  • Total Finished Sq Ft: 2300
  • Above Grade Finished Sq Ft: 1900
  • Below Grade Finished Sq Ft: 400
  • Below Grade Sq Ft: 900
  • Price Per Sq Ft: 39.47
  • Basement Foundation: Walk-Out Basement
  • Basement Material: Block, Poured Concrete
  • Kitchen: Dimensions: 14x15, On Level: Main
  • Dining Room: Dimensions: 13x12, On Level: Main
  • Recreation Room: Dimensions: 14x14, On Level: Lower
  • Bedroom 2: Dimensions: 14x11, On Level: Upper
  • Bedroom 3: Dimensions: 19x10, On Level: Upper
  • Bedroom 4: Dimensions: 14x12, On Level: Lower
  • Bedroom 5: Dimensions: 13x14, On Level: Lower
  • Main Level Sq Ft: 2300
  • Total Below Grade Sq Ft: 1300

Exterior Features

  • Exterior: Wood, Log
  • Outbuilding1: Pole/Post Building

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 4
  • Garage Sq Ft: 1250
  • Garage: Yes

Utilities

  • Heating Fuel: Gas
  • Sewer: Septic
  • Laundry: Dimensions: Mainx6, On Level: 11

Schools

  • School District: Spencer-Owen Community Schools
  • Elementary School: Mccormicks Creek
  • Middle School: Owen Valley
  • High School: Owen Valley
  • Elementary School: Mccormicks Creek

Lot Info

  • Lot Description: Partially Wooded
  • Lot Dimensions: 540' X 650'
  • Estimated Lot Size Acres: 8

Tax Info

  • Annual Taxes: 1193.36
  • Exemptions: Homestead, Mortgage

MLS Schools

  • High School: Owen Valley
  • Middle School: Owen Valley
  • School District: Spencer-Owen Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2019
Sold by
Bernitt Herman
Bought by
Bernitt Herman and Bernitt Bonnie Lynn
Current Estimated Value
$355,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Outstanding Balance
$81,802
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$273,516

Purchase Details

Listed on
Apr 25, 2012
Closed on
Sep 28, 2012
Sold by
Hall Sharon S
Bought by
Bernitt Herman
Seller's Agent
Suzette Weakley
Bloomington Realty, Inc
Buyer's Agent
Amy Bernitt
Bernitt Realty
List Price
$107,000
Sold Price
$75,000
Premium/Discount to List
-$32,000
-29.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.70%
Original Mortgage
$75,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2009
Sold by
Franklin Mark A
Bought by
Bernitt Herman and Bernitt Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,950
Interest Rate
4.85%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Bernitt Herman -- None Available
Bernitt Herman -- None Available
Bernitt Herman -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bernitt Herman $106,000
Closed Bernitt Herman $75,000
Previous Owner Bernitt Herman $49,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2012 10/02/12 Sold $75,000 -29.9% $33 / Sq Ft
07/31/2012 07/31/12 Pending -- -- --
04/25/2012 04/25/12 For Sale $107,000 -- $47 / 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 $2,935 $218,300 $62,000 $156,300
2023 $2,933 $204,400 $62,000 $142,400
2022 $3,008 $195,900 $62,000 $133,900
2021 $3,046 $174,900 $62,000 $112,900
2020 $2,509 $146,000 $36,000 $110,000
2019 $1,471 $153,000 $46,000 $107,000
2018 $1,209 $137,300 $32,000 $105,300
2017 $1,189 $136,700 $32,000 $104,700
2016 $1,145 $132,500 $32,000 $100,500
2014 $1,150 $133,200 $32,000 $101,200
2013 -- $132,000 $32,000 $100,000
Source: Public Records

Agents Affiliated with this Home

  • Suzette Weakley

    Seller's Agent in 2012

    Suzette Weakley

    Bloomington Realty, Inc

    (812) 369-8141

    22 Total Sales

    Suzette Weakley
    Section Image

  • A

    Buyer's Agent in 2012

    Amy Bernitt

    Bernitt Realty

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Map

Source: Indiana Regional MLS

MLS Number: 436919

Indiana Regional MLS

APN: 60-17-26-200-120.111-016

Indiana Owen County Spencer 47460

2655 Timber Ln, Spencer, IN

This home is located at 2655 Timber Ln, Spencer, IN 47460 since 25 April 2012 and is currently estimated at $355,317, approximately $154 per square foot. This property was built in 1986. 2655 Timber Ln is a home located in Owen County with nearby schools including Owen Valley 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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