NOT LISTED FOR SALE

3491 E Lanam Rd Bloomington, IN 47408

Estimated Value: $78,000 - $169,366

1 Bed
1 Bath
725 Sq Ft
$184/Sq Ft Est. Value

Last Sold August 10, 2017

Last sale price $80,000 $110 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $823/month

252 Days on Market

Highlights

  • Wooded Lot
  • Log Cabin
  • 1-Story Property
  • University Elementary School Rated A
  • Skylights
  • Ceiling Fan

About This Home

As of August 2017

Historic log home just outside of town could be a year round home or a weekend getaway. It features a living room which is open to the kitchen, one bedroom, a sleeping loft, a storage room, one large bathroom, a 200 SF deck, gas heater and electric base board heat. The seller has added another 50 ft. to the West boundary line so the home now sits on .43 acres on a low traffic gravel road off of Russell Rd. overlooking a beautiful valley with a creek running through it. Walk to the Griffy Lake Nature Preserve at the end of Lanam Rd. Located just 8 minutes from the IU campus.

Last Agent to Sell the Property

Scott Owens

Owens Realty Group Listed on: 11/30/2016

Last Buyer's Agent

Rachel LaGrange

Griffin Realty Holdings LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $827

Year Built

  • Built in 1920

Lot Details

  • 0.43 Acre Lot
  • Wooded Lot

Parking

  • Off-Street Parking

Home Design

  • Log Cabin
  • Slab Foundation
  • Log Siding

Interior Spaces

  • 725 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

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

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Septic System

Community Details

  • Northeast Monroe County Subdivision

Listing and Financial Details

  • Assessor Parcel Number 53-05-23-400-041.000-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$827

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1920
  • Age: 97
  • Style: One Story
  • Architectural Style: Log
  • Total Number of Rooms: 4
  • Bedrooms: 1
  • Number Above Grade Bedrooms: 1
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Pt SW SE 23-9-1W (.31A) Plat 24 |
  • Parcel Number ID: 53-05-23-400-041.000-004
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Skylight(s)
  • Cross Street: Russell Rd.
  • Sp Lp Percent: 94.12
  • Year Taxes Payable: 2017
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 725
  • Total Finished Sq Ft: 725
  • Above Grade Finished Sq Ft: 725
  • Price Per Sq Ft: 110.34
  • Basement Foundation: Slab
  • Living Great Room: Dimensions: 13x12, On Level: Main
  • Kitchen: Dimensions: 13x5, On Level: Main
  • Extra Room: Storage, Dimensions: 13x5, On Level: Main
  • Bedroom 1: Dimensions: 12x12, On Level: Main
  • Other Room1: Entry, Dimensions: 10x5, On Level: Main
  • Loft: Dimensions: 13x6, On Level: Upper
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Log
  • Outbuilding1: Shed, Dimensions: 10x10, 100

Garage/Parking

  • Off Street Parking: Yes

Utilities

  • Heating Fuel: Electric, Gas, Baseboard
  • Sewer: Septic
  • Water Utilities: Public

Schools

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

Lot Info

  • Lot Description: Wooded
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 18562
  • Estimated Lot Size Acres: 0.43

Tax Info

  • Annual Taxes: 827.48
  • Exemptions: Homestead, Supplemental

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

Closed on
Sep 26, 2019
Sold by
Oehmich Arthur Craig and Oehmich Melissa Beth
Bought by
Shoaf Michael H
Total Days on Market
252
Current Estimated Value
$133,342

Purchase Details

Listed on
Nov 30, 2016
Closed on
Aug 10, 2017
Sold by
Oehmich Arthur C
Bought by
Shoaf Michael H
Seller's Agent
Scott Owens
Owens Realty Group
Buyer's Agent
Rachel LaGrange
Griffin Realty Holdings LLC
List Price
$85,000
Sold Price
$80,000
Premium/Discount to List
-$5,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%

Purchase Details

Closed on
Jun 26, 2015
Sold by
Steiner Kanthy Jean
Bought by
Oehmich Arthur C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2003
Sold by
Alexander Smith Sharron K
Bought by
Alexander Smith Leslie R
Source: Public Records

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Range of Values:

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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
Shoaf Michael H -- None Available
Shoaf Michael H $80,000 Titleplus!
Oehmich Arthur C -- None Available
Steiner Kathy Jean -- None Available
Alexander Smith Leslie R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oehmich Arthur C $5,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2017 08/10/17 Sold $80,000 -5.9% $110 / Sq Ft
08/09/2017 08/09/17 Pending -- -- --
11/30/2016 11/30/16 For Sale $85,000 +21.6% $117 / Sq Ft
04/03/2013 04/03/13 Sold $69,900 -6.8% $104 / Sq Ft
03/20/2013 03/20/13 Pending -- -- --
11/06/2012 11/06/12 For Sale $75,000 -- $111 / 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
2023 $892 $105,500 $37,400 $68,100
2022 $490 $98,400 $37,400 $61,000
2021 $467 $87,200 $32,300 $54,900
2020 $414 $80,000 $28,900 $51,100
2019 $303 $70,600 $19,900 $50,700
2018 $259 $56,900 $19,900 $37,000
2017 $214 $45,000 $19,900 $25,100
2016 $827 $43,200 $19,900 $23,300
2014 $154 $42,100 $19,900 $22,200
2013 $154 $41,900 $19,900 $22,000
Source: Public Records

Agents Affiliated with this Home

  • Scott Owens

    Seller's Agent in 2017

    Scott Owens

    Owens Realty Group

    (812) 272-8535

    37 Total Sales

    Scott Owens
    Section Image
  • Rachel LaGrange

    Buyer's Agent in 2017

    Rachel LaGrange

    Griffin Realty Holdings LLC

    (812) 320-4605

    15 Total Sales

    Rachel LaGrange
    Section Image
  • Suzette Weakley

    Seller's Agent in 2013

    Suzette Weakley

    Bloomington Realty, Inc

    (812) 369-8141

    21 Total Sales

    Suzette Weakley
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201653563

Indiana Regional MLS

APN: 53-05-23-400-041.000-004

Indiana Monroe County Bloomington 47408

3491 E Lanam Rd, Bloomington, IN

This home is located at 3491 E Lanam Rd, Bloomington, IN 47408 since 30 November 2016 and is currently estimated at $133,342, approximately $183 per square foot. This property was built in 1920. 3491 E Lanam Rd is a home located in Monroe County with nearby schools including University 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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