NOT LISTED FOR SALE

2938 N Smith Pike Unit 9 Bloomington, IN 47404

Estimated Value: $401,000 - $707,995

20 Beds
9 Baths
6,622 Sq Ft
$84/Sq Ft Est. Value

Last Sold October 31, 2019

Last sale price $550,000 $83 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,859/month

217 Days on Market

Highlights

  • 4 Acre Lot
  • Central Air
  • Level Lot
  • Eat-In Kitchen
  • Ceiling Fan
  • Carpet

About This Home

As of October 2019

All brick duplex units with on-site parking, nice yards with some shade, and woods to walk in. Units 1, 4, 7 have been updated at 2018. Location is superb, just minutes to large employers, I69, IU, and downtown Bloomington. Most of the units are in very good condition, a few have long term tenants who prefer to live in the units with little interruption but exterior doors could be touched up if a person were so inclined. The grounds are quite nice and this is a great place to live for any person looking to lease a place of their own.

Last Agent to Sell the Property

Janet Jin

RE/MAX Acclaimed Properties Listed on: 03/25/2019

RE/MAX Acclaimed Properties

Co-Listed By

Tracee Lutes

RE/MAX Acclaimed Properties

Last Buyer's Agent

Lisa Williamson

Orion Real Estate LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,561

Year Built

  • Built in 1976

Lot Details

  • 4 Acre Lot
  • Lot Dimensions are 1320x132
  • Level Lot

Parking

  • 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 6,622 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Eat-In Kitchen

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 9 Full Bathrooms

Schools

  • Edgewood Elementary And Middle School
  • Edgewood High School

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for electric, maintenance, trash collection, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 53-04-24-101-010.000-011

Community Details

Overview

  • 4 Buildings
  • 9 Units

Building Details

  • Insurance Expense $2,232
  • Maintenance Expense $2,000
  • Trash Expense $1,056
  • Water Sewer Expense $3,300

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,561

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1976
  • Age: 43
  • Bedrooms: 20
  • Number Above Grade Bedrooms: 20
  • Total Bathrooms: 9
  • Total Full Bathrooms: 9
  • Legal Description: 007-15670-00 King & Stanger Baby Farms Pt Lot 27; Plat 27B
  • Parcel Number ID: 53-04-24-101-010.000-011
  • Platted: Yes
  • Amenities: Ceiling Fan, Eat-In Kitchen
  • Sp Lp Percent: 93.22
  • Annual Miscellaneous: 1000
  • Monthly Gross Income: 5860
  • Year Taxes Payable: 2018
  • Special Features: None

Interior Features

  • Total Sq Ft: 6622
  • Total Finished Sq Ft: 6622
  • Above Grade Finished Sq Ft: 6622
  • Price Per Sq Ft: 83.06
  • Basement Foundation: Slab
  • Flooring: Carpet, Laminate
  • Number Of Disposals: 9
  • Number Of Ranges Ovens: 9

Exterior Features

  • Exterior: Brick
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity
  • Sewer: Public
  • Water Utilities: Public
  • Annual Insurance Expense: 2232
  • Annual Maintenance Expense: 2000
  • Annual Trash Expense: 1056
  • Annual Water Sewer Expense: 3300
  • Number Of W D Hookups: 9

Schools

  • School District: Richland-Bean Blossom Community Schools
  • Elementary School: Edgewood
  • Middle School: Edgewood
  • High School: Edgewood
  • Elementary School: Edgewood

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 1320x132
  • Estimated Lot Sq Ft: 174240
  • Estimated Lot Size Acres: 4
  • Lot Number: 27

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Electric, Maintenance, Trash Collection, Water

Tax Info

  • Total Assessed Value: 7748.6
  • Annual Property Tax: 7561

Multi Family

  • Gross Monthly Rent: 5860
  • Number Of Refrigerators: 9
  • Number Of Units: 9
  • Num Of2 Bedrooms: 7
  • Number Of 3 Bedrooms: 2
  • Num Of Units Rented: 9

MLS Schools

  • High School: Edgewood
  • Middle School: Edgewood
  • School District: Richland-Bean Blossom Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2019
Closed on
Oct 15, 2019
Sold by
Lin Kuei Mu and Lin Hsing Hwan Chung
Bought by
Ready To Go Llc
Seller's Agent
Janet Jin
RE/MAX Acclaimed Properties
Buyer's Agent
Lisa Williamson
Orion Real Estate LLC
List Price
$590,000
Sold Price
$550,000
Premium/Discount to List
-$40,000
-6.78%
Current Estimated Value
$554,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,498
Avg. Annual Appreciation
0.14%
Original Mortgage
$440,000
Outstanding Balance
$387,025
Interest Rate
3.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$167,473

Purchase Details

Closed on
Sep 28, 2005
Sold by
Kinser Reggie and Kinser Tanya
Bought by
Lin Kuei Mu and Chung Lin Hsing Hwan
Source: Public Records

Range of Values:

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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
Ready To Go Llc -- None Available
Lin Kuei Mu -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ready To Go Llc $440,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2019 10/31/19 Sold $550,000 -6.8% $83 / Sq Ft
10/28/2019 10/28/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $590,000 -- $89 / 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 $10,900 $657,300 $263,000 $394,300
2023 $5,031 $573,600 $93,500 $480,100
2022 $9,332 $556,800 $93,500 $463,300
2021 $9,546 $520,900 $93,500 $427,400
2020 $9,829 $533,100 $93,500 $439,600
2019 $6,737 $386,100 $93,500 $292,600
2018 $6,889 $392,600 $93,500 $299,100
2017 $7,749 $388,600 $93,500 $295,100
2016 $7,366 $400,700 $93,500 $307,200
2014 $6,561 $390,700 $91,300 $299,400
Source: Public Records

Agents Affiliated with this Home

  • Janet Jin

    Seller's Agent in 2019

    Janet Jin

    RE/MAX

    (812) 325-9093

    5 in this area

    130 Total Sales

    Janet Jin
    Section Image
  • Tracee Lutes

    Seller Co-Listing Agent in 2019

    Tracee Lutes

    RE/MAX

    (812) 322-2650

    75 in this area

    255 Total Sales

    Tracee Lutes
    Section Image
  • Lisa Williamson

    Buyer's Agent in 2019

    Lisa Williamson

    Orion Real Estate LLC

    (812) 929-9312

    1 in this area

    19 Total Sales

    Lisa Williamson
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201910418

Indiana Regional MLS

APN: 53-04-24-101-010.000-011

Indiana Monroe County Bloomington 47404

2938 N Smith Pike Unit 9, Bloomington, IN

This home is located at 2938 N Smith Pike Unit 9, Bloomington, IN 47404 since 25 March 2019 and is currently estimated at $554,498, approximately $83 per square foot. This property was built in 1976. 2938 N Smith Pike Unit 9 is a home located in Monroe County with nearby schools including Edgewood High School, Seven Oaks Classical School, and Grace Baptist Academy.

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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