NOT LISTED FOR SALE

348 E Varsity Ln Bloomington, IN 47408

Estimated Value: $173,985 - $311,000

3 Beds
2.5 Baths
1,395 Sq Ft
$177/Sq Ft Est. Value

Last Sold December 15, 2014

Last sale price $85,000 $61 Per Sq Ft

Est. 190% increase in value since last sale

Current estimated payment $1,640/month

254 Days on Market

Highlights

  • Basketball Court
  • Lake Property
  • Security Service
  • University Elementary School Rated A
  • Bathtub with Shower
  • Forced Air Heating and Cooling System

About This Home

As of December 2014

GREAT VALUE for an IU PARENT BUYER, or a STUDENT OWNER OCCUPIED BUYER to save on taxes or for an INVESTOR. This 3BR, 2.5BA townhouse is located just across from the IU Football Stadium and the main bus lot so it is super convenient to catch the bus to class. Unit is currently leased through Aug. 2015 for $900/month. New vinyl flooring in kitchen and bathrooms. New refrigerator. New furnace motor installed Dec.2011. Occupancy permit for 5.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $581

Year Built

  • Built in 1987

Lot Details

  • 436

HOA Fees

  • $100 Monthly HOA Fees

Home Design

  • Planned Development
  • Wood Siding
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower
  • Separate Shower

Basement

  • Walk-Out Basement
  • Block Basement Construction
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement

Outdoor Features

  • Lake Property
  • Basketball Court

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Security Service

Listing and Financial Details

  • Assessor Parcel Number 53-01-32-749-052.000-005

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$581

Year Built

Built in 1987

Lot Details

436 Sq Ft Lot

HOA Fees

$100 per month

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Condo/Villa
  • Year Built: 1987
  • Style: Townhouse
  • Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: Varsity Villas Sec 2 Bldg 15 Unit D
  • Parcel Number ID: 53-01-32-749-052.000-005
  • Platted: Yes
  • Amenities: Court-Basketball, Stand Up Shower, Tub/Shower Combination
  • Location: Lake, Near College Campus
  • Number Below Grade Bedrooms: 1
  • Zoning Description: RH-Res High-Dens Multifamily
  • Special Features: None

Interior Features

  • Total Sq Ft: 1395
  • Total Finished Sq Ft: 1395
  • Above Grade Finished Sq Ft: 930
  • Below Grade Finished Sq Ft: 465
  • Basement Foundation: Walk-Out Basement
  • Basement Material: Block
  • Living Great Room: Dimensions: 11x17, On Level: Main
  • Kitchen: Dimensions: 8x12, On Level: Main
  • Bedroom 1: Dimensions: 10x12, On Level: Upper
  • Bedroom 2: Dimensions: 10x12, On Level: Upper
  • Bedroom 3: Dimensions: 16x23, On Level: Lower
  • Main Level Sq Ft: 1395
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 465

Exterior Features

  • Exterior: Vinyl, Wood
  • Outbuilding1: None

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electric, Forced Air
  • Sewer: Public
  • Water Utilities: Public

Condo/Co-op/Association

  • Association Fees: 100
  • Association Fees Frequency: Monthly
  • Common Amenities: Security
  • Other Fee Description: Blanket Insurance $300/yr.
  • Other Fees Dollar: 300

Lot Info

  • Lot Description: Planned Unit Development

Tax Info

  • Annual Taxes: 580.94
  • Exemptions: Homestead, Mortgage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2017
Sold by
University Properties Ii Llc
Bought by
University Properties Iii Llc
Current Estimated Value
$246,496

Purchase Details

Closed on
Jan 10, 2017
Sold by
Thomas Blastick
Bought by
Thomas Guthrie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,115,000
Interest Rate
4.08%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Mar 1, 2014
Closed on
Dec 15, 2014
Sold by
Jones Alexander D and Jones John G
Bought by
Teter Properties Llc
List Price
$99,000
Sold Price
$85,000
Premium/Discount to List
-$14,000
-14.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.90%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
University Properties Iii Llc -- None Available
University Properties Ii Llc -- None Available
University Properties Llc -- None Available
Thomas Guthrie $110,000 --
Stadium Crossing Llc $110,000 John Bethell Title Company, In
Teter Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stadium Crossing Llc $5,115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2014 12/15/14 Sold $85,000 -14.1% $61 / Sq Ft
11/10/2014 11/10/14 Pending -- -- --
03/01/2014 03/01/14 For Sale $99,000 -- $71 / Sq Ft
Source: Indiana Regional MLS

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 $2,675 $138,000 $50,000 $88,000
2024 $2,675 $130,400 $41,600 $88,800
2023 $1,323 $124,700 $40,000 $84,700
2022 $2,358 $116,200 $40,000 $76,200
2021 $2,183 $105,100 $40,000 $65,100
2020 $2,111 $102,300 $40,000 $62,300
2019 $2,065 $98,200 $40,000 $58,200
2018 $2,069 $98,200 $40,000 $58,200
2017 $2,059 $97,500 $40,000 $57,500
2016 $1,908 $91,800 $40,000 $51,800
2014 $668 $100,700 $40,000 $60,700
2013 $668 $94,300 $40,000 $54,300
Source: Public Records

Map

Source: Indiana Regional MLS

MLS Number: 201443322

Indiana Regional MLS

APN: 53-01-32-749-052.000-005

Indiana Monroe County Bloomington 47408

348 E Varsity Ln, Bloomington, IN

Not Listed for Sale

Townhouses

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 Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID

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