NOT LISTED FOR SALE

302 S Madison St Bloomington, IN 47403

Prospect Hill Neighborhood

Estimated Value: $339,000 - $722,514

16 Beds
15 Baths
7,276 Sq Ft
$71/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $1,175,000 $161 Per Sq Ft

Current estimated payment $3,030/month

158 Days on Market

Highlights

  • 0.4 Acre Lot
  • Traditional Architecture
  • Forced Air Heating and Cooling System
  • Tri-North Middle School Rated A
  • Corner Lot
  • 3-minute walk to B-Line Trail

About This Home

As of May 2023

Great investment properties! Sale includes two unique, adjacent buildings in the heart of Bloomington. 302-304 S. Madison (53-05-32-423-007.000-005) consistes of nine one bedroom and studio units ranging from 400 to 850 square feet. 409-411 W. 3rd Street (53-01-32-393-000.000-005) consists of four 1 bedroom and one 3 bedroom unit. All units include private kitchens and bathrooms. Coin laundry located in the basement. Covered and locked bicycle area. Two private driveways for two units, and a third parking space for another. Street parking for everyone, but no meters or permits currently required. Room to create more parking spaces. All units leased until August 2023!!! Constantly and consistently made improvements.

Last Agent to Sell the Property

Brian Waters

Mentor Listing Realty, Inc. Listed on: 10/11/2022

Last Buyer's Agent

Corinne Wilson

eXp Realty LLC

eXp Realty LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,127

Year Built

  • Built in 1875

Lot Details

  • 0.4 Acre Lot
  • Corner Lot

Home Design

  • Traditional Architecture
  • Stone Exterior Construction

Interior Spaces

  • 7,276 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 15 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • 6 Parking Spaces
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Fairview Elementary School
  • Tri-North Middle School
  • Bloomington North High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for deposit value
  • The owner pays for electric, fuel, heating, maintenance
  • Assessor Parcel Number 53-05-32-423-007.000-005

Community Details

Building Details

  • Fuel Expense $5,699
  • Insurance Expense $7,873
  • Maintenance Expense $15,220

Additional Features

  • 14 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,127

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1875
  • Age: 148
  • Style: Three Story
  • Architectural Style: Traditional
  • Bedrooms: 16
  • Number Above Grade Bedrooms: 16
  • Total Bathrooms: 15
  • Total Full Bathrooms: 15
  • Legal Description: MCPHEETERS PT LOTS 2 & 4 AND MCPHEETERS PT LOTS 2 & 4
  • Parcel Number ID: 53-05-32-423-007.000-005
  • Platted: Yes
  • Amenities: Basement, Deck Open, Sump Pump
  • Location: City/Town/Suburb
  • Parcel Id2: 53-01-32-393-000.000-005
  • Sp Lp Percent: 94
  • Annual Miscellaneous: 11686
  • Monthly Gross Income: 9738
  • Year Taxes Payable: 2021
  • Special Features: None

Interior Features

  • Total Sq Ft: 7276
  • Total Finished Sq Ft: 7276
  • Above Grade Finished Sq Ft: 7276
  • Price Per Sq Ft: 161.49
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Mixed
  • Number Of Ranges Ovens: 14

Exterior Features

  • Exterior: Aluminum, Stone
  • Stories: 3

Garage/Parking

  • Driveway: Asphalt, Gravel
  • Number Of Parking Spaces: 6
  • Parking: Off Street, Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 5699
  • Annual Insurance Expense: 7873
  • Annual Maintenance Expense: 15220

Condo/Co-op/Association

  • Common Amenities: Laundry Facilities

Schools

  • School District: Monroe County Community School Corp.
  • Elementary School: Fairview
  • Middle School: Tri-North
  • High School: Bloomington North
  • Elementary School: Fairview

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 82x63 and 82x69
  • Estimated Lot Sq Ft: 17424
  • Estimated Lot Size Acres: 0.4

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Fuel, Heating, Maintenance
  • Tenant Pays: Deposit Value

Multi Family

  • Gross Monthly Rent: 9738
  • Number Of Refrigerators: 14
  • Number Of Units: 14
  • Num Of1 Bedrooms: 9
  • Number Of 3 Bedrooms: 1
  • Num Of Efficiencies: 4
  • Num Of Units Rented: 14

MLS Schools

  • High School: Bloomington North
  • Middle School: Tri-North
  • School District: Monroe County Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2022
Closed on
May 31, 2023
Sold by
Ce Immobilien Llc
Bought by
Meyer Investing Llc
Seller's Agent
Brian Waters
Mentor Listing Realty, Inc.
Buyer's Agent
Corinne Wilson
eXp Realty LLC
List Price
$1,250,000
Sold Price
$1,175,000
Premium/Discount to List
-$75,000
-6%
Views
286
Current Estimated Value
$519,629

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$655,371
Avg. Annual Appreciation
-27.76%

Purchase Details

Listed on
Feb 21, 2013
Closed on
Jul 17, 2013
Sold by
Creative Home Concepts Llc
Bought by
Torleif Llc
Seller's Agent
Juan Carrasquel
The JuanSells.com Realty Co
Buyer's Agent
Lisa Funkhouser
Funkhouser Real Estate & Property Manage
List Price
$465,000
Sold Price
$410,000
Premium/Discount to List
-$55,000
-11.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.28%

Purchase Details

Closed on
Jul 30, 2007
Sold by
Johnson Jerry E
Bought by
Creative Home Concepts Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
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
Meyer Investing Llc $1,175,000 Titleplus
Torleif Llc -- None Available
Creative Home Concepts Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Creative Home Concepts Llc $315,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2023 05/31/23 Sold $1,175,000 0.0% $161 / Sq Ft
04/12/2023 04/12/23 Off Market $1,175,000 -- --
10/11/2022 10/11/22 For Sale $1,250,000 0.0% $172 / Sq Ft
06/25/2018 06/25/18 Rented $600 -7.7% --
05/01/2018 05/01/18 Price Changed $650 +4.0% $0 / Sq Ft
01/12/2018 01/12/18 For Rent $625 +4.2% --
07/21/2017 07/21/17 Rented $600 -3.2% --
07/21/2017 07/21/17 Under Contract -- -- --
04/28/2017 04/28/17 For Rent $620 0.0% --
07/25/2013 07/25/13 Sold $410,000 -11.8% $58 / Sq Ft
07/11/2013 07/11/13 Pending -- -- --
02/21/2013 02/21/13 For Sale $465,000 -- $66 / 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 $3,127 $152,400 $81,100 $71,300
2023 $1,608 $151,600 $81,100 $70,500
2022 $3,123 $153,900 $81,100 $72,800
2021 $3,070 $147,800 $81,100 $66,700
2020 $3,118 $151,100 $81,100 $70,000
2019 $3,108 $147,800 $81,100 $66,700
2018 $3,108 $147,500 $81,100 $66,400
2017 $3,096 $146,600 $81,100 $65,500
2016 $3,045 $146,500 $81,100 $65,400
2014 $6,118 $293,300 $165,500 $127,800
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Brian Waters

    Mentor Listing Realty, Inc.

    (214) 924-0450

    1 in this area

    93 Total Sales

    Brian Waters
    Section Image
  • Corinne Wilson

    Buyer's Agent in 2023

    Corinne Wilson

    eXp Realty LLC

    (812) 204-2638

    2 in this area

    39 Total Sales

    Corinne Wilson
    Section Image
  • Lisa Williamson

    Seller's Agent in 2018

    Lisa Williamson

    Orion Real Estate LLC

    (812) 929-9312

    20 Total Sales

    Lisa Williamson
    Section Image
  • Juan Carrasquel

    Seller's Agent in 2013

    Juan Carrasquel

    The JuanSells.com Realty Co

    (812) 369-0785

    146 Total Sales

    Juan Carrasquel
    Section Image
  • Lisa Funkhouser

    Buyer's Agent in 2013

    Lisa Funkhouser

    Funkhouser Real Estate & Property Manage

    (812) 322-0070

    34 Total Sales

    Lisa Funkhouser
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202242355

Indiana Regional MLS

APN: 53-01-32-393-000.000-005

Indiana Monroe County Bloomington 47403 Prospect Hill

302 S Madison St, Bloomington, IN

This home is located at 302 S Madison St, Bloomington, IN 47403 since 11 October 2022 and is currently estimated at $519,629, approximately $71 per square foot. This property was built in 1875. 302 S Madison St is a home located in Monroe County with nearby schools including Fairview Elementary School, Tri-North Middle School, and Bloomington High School North.

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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