NOT LISTED FOR SALE

2727 Timber Ln Spencer, IN 47460

Estimated Value: $348,000 - $421,000

3 Beds
2 Baths
2,566 Sq Ft
$150/Sq Ft Est. Value

Last Sold December 30, 2020

Last sale price $250,000 $97 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $2,206/month

181 Days on Market

Highlights

  • Spa
  • Open Floorplan
  • Traditional Architecture
  • Primary Bedroom Suite
  • Heavily Wooded Lot
  • Backs to Open Ground

About This Home

As of December 2020

Nice 3 bedroom, 2 full bath 2,566 sq ft home on 6 wooded acres in private setting. Wall of glass in large living room takes in the country views, upper level offers a library/office space and 3rd bedroom. The kitchen, dining and family room are open concept with French doors separating the living room. Family room area has wood stove and the kitchen area has an island, granite counter tops , farm sink, custom tile work and stainless steel appliances. Master bedroom has a computer nook, large walk-in closet and private patio. Master bath has soaking tub, double vanity and huge walk in shower with custom tile work. There is a 2nd bedroom on main level and full bath. 3 car attached garage and there is an exercise pool with heater in the 3rd bay. Detached 24x23 garage, fire pit, above ground swimming pool. News include on demand hot water heater and new floor coverings. Conveniently located in eastern Owen Co just minutes to westside of Bloomington. Add info: Seller purchased in 2012 and house was 1500 sq ft. It was gutted down to studs and added on so most of the home is less than eight years old. Including new HVAC, electric and plumbing then. Priced well below last appraisal!

Last Buyer's Agent

Susan Wykoff

Williams Carpenter Realtors

Williams Carpenter Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,327

Year Built

  • Built in 1988

Lot Details

  • 6 Acre Lot
  • Backs to Open Ground
  • Rural Setting
  • Heavily Wooded Lot

Parking

  • 3 Car Attached Garage

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Metal Roof
  • Metal Siding
  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Great Room
  • Laundry on main level

Kitchen

  • Walk-In Pantry
  • Kitchen Island
  • Stone Countertops
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Full Bathrooms
  • Double Vanity
  • Bathtub With Separate Shower Stall

Outdoor Features

  • Spa
  • Covered Patio or Porch

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Wood
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 60-17-26-200-120.110-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,327

Year Built

Built in 1988

Lot Details

0

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1988
  • Age: 32
  • Style: One and Half Story
  • Architectural Style: Traditional
  • Total Number of Rooms: 7
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Bittersweet Hills Tract 110 6 acres
  • Parcel Number ID: 60-17-26-200-120.110-016
  • Platted: Yes
  • Amenities: Hot Tub/Spa, Ceiling-Cathedral, Closet(s) Walk-in, Countertops-Stone, Kitchen Island, Open Floor Plan, Pantry-Walk In, Patio Open, Porch Covered, Twin Sink Vanity, Tub and Separate Shower, Main Level Bedroom Suite, Great Room, Main Floor Laundry, Custom Cabinetry
  • Location: Rural Subdivision
  • Sp Lp Percent: 92.63
  • Year Taxes Payable: 2018/2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 2566
  • Total Finished Sq Ft: 2566
  • Above Grade Finished Sq Ft: 2566
  • Price Per Sq Ft: 97.43
  • Basement Foundation: Slab
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Living Great Room: Dimensions: 26x12, On Level: Main
  • Kitchen: Dimensions: 22x13, On Level: Main
  • Dining Room: Dimensions: 17x13, On Level: Main
  • Family Room: Dimensions: 17x12, On Level: Main
  • Extra Room: Library, Dimensions: 27x13, On Level: Upper
  • Bedroom 1: Dimensions: 15x14, On Level: Main
  • Bedroom 2: Dimensions: 19x12, On Level: Main
  • Bedroom 3: Dimensions: 16x12, On Level: Upper
  • Main Level Sq Ft: 1560
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Exterior: Metal, Stone, Vinyl
  • Roof Material: Metal
  • Outbuilding1: None

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 3
  • Garage Size: Dimensions: 21x20
  • Garage Sq Ft: 420
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Wood, Heat Pump
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: REMC
  • Laundry: Dimensions: Mainx4, On Level: 7
  • Well Type: Private

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: Heavily Wooded
  • Lot Dimensions: irregular
  • Estimated Lot Sq Ft: 261360
  • Estimated Lot Size Acres: 6

Tax Info

  • Annual Taxes: 1327.08
  • 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

Listed on
Mar 3, 2020
Closed on
Dec 30, 2020
Sold by
Barnes Jeffrey A and Barnes Ronda J
Bought by
Peabody Royce H R
Buyer's Agent
Susan Wykoff
Williams Carpenter Realtors
List Price
$279,900
Sold Price
$250,000
Premium/Discount to List
-$29,900
-10.68%
Current Estimated Value
$385,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,330
Avg. Annual Appreciation
9.46%
Original Mortgage
$250,000
Outstanding Balance
$225,630
Interest Rate
2.7%
Mortgage Type
VA
Estimated Equity
$156,319

Purchase Details

Closed on
Jun 12, 2017
Sold by
Barnes Ronda
Bought by
Barnes Jeffrey A and Barnes Ronda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 6, 2011
Closed on
Jul 3, 2012
Sold by
Faulkenberg Hilda Faye
Bought by
Barnes Jeff and Barnes Ronda
Seller's Agent
Amy Bernitt
Bernitt Realty
Buyer's Agent
Tom White
White & Co Real Estate
List Price
$89,990
Sold Price
$70,000
Premium/Discount to List
-$19,990
-22.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.73%

Purchase Details

Closed on
Mar 31, 2010
Sold by
Bernitt Herman and Bernitt Amy
Bought by
Faulkenberg Hilda Faye

Purchase Details

Closed on
May 28, 2008
Sold by
Jpmorgan Chase Bank Na
Bought by
Franklin Mark A
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
Peabody Royce H R -- None Available
Barnes Jeffrey A -- None Available
Barnes Jeff -- None Available
Faulkenberg Hilda Faye -- None Available
Franklin Mark A $38,600 Resource Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peabody Royce H R $250,000
Previous Owner Barnes Jeffrey A $83,000
Previous Owner Barnes Jeffrey A $138,000
Previous Owner Barnes Ronda $56,500
Previous Owner Barnes Jeff $88,000
Previous Owner Franklin Mark A $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2020 12/30/20 Sold $250,000 -7.4% $97 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
07/14/2020 07/14/20 Price Changed $269,900 -1.5% $105 / Sq Ft
05/05/2020 05/05/20 Price Changed $273,900 -2.1% $107 / Sq Ft
03/03/2020 03/03/20 For Sale $279,900 +299.9% $109 / Sq Ft
07/03/2012 07/03/12 Sold $70,000 -22.2% $45 / Sq Ft
06/13/2012 06/13/12 Pending -- -- --
08/06/2011 08/06/11 For Sale $89,990 -- $58 / 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 $1,470 $242,400 $50,000 $192,400
2023 $1,367 $225,500 $50,000 $175,500
2022 $1,458 $215,100 $50,000 $165,100
2021 $1,353 $189,200 $50,000 $139,200
2020 $1,033 $170,800 $34,000 $136,800
2019 $1,408 $156,200 $38,000 $118,200
2018 $1,327 $153,600 $28,000 $125,600
2017 $1,288 $142,000 $28,000 $114,000
2016 $1,252 $138,400 $28,000 $110,400
2014 $469 $83,600 $28,000 $55,600
2013 -- $65,900 $28,000 $37,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202007967

Indiana Regional MLS

APN: 60-17-26-200-120.110-016