NOT LISTED FOR SALE

3745 U S 231 Spencer, IN 47460

Estimated Value: $230,000 - $332,000

3 Beds
1 Bath
2,574 Sq Ft
$108/Sq Ft Est. Value

Last Sold September 02, 2021

Last sale price $220,000 $85 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,584/month

70 Days on Market

Highlights

  • Partially Wooded Lot
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of September 2021

Beautiful older log cabin with 3 bedrooms, 1 bath, a bonus room that could be turned into an office or another bedroom, and a partial basement on 5.25 acres. Out the back door connected to the deck is a large gazebo for relaxing and watching the wildlife. Recent updates include furnace, air, and hot water heater in 2015, roof, windows, doors and septic in 2016, logs stained and chinked in 2017. There is a 24 x 36 detached garage with a concrete floor, huge chicken run with 2 coops, a pig pen that could be used for pigs or other small animals with 3 sections, and 2 play houses. A greenhouse that currently has a sunshade on for the summer. 2 lean-to style storage areas, a treehouse and a ninja warrior course. The property has apple, pear, peach, cherry and mulberry trees and raspberry, blackberry, elder, gogi, grapes, and blueberry bushes. This is an amazing property no matter what stage in life you are. Convenient location within minutes from surrounding towns. Lots of possibilities.

Last Buyer's Agent

Phil Corrona

Fathom Realty IN, LLC

Fathom Realty IN, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $550

Year Built

  • Built in 1943

Lot Details

  • 5.25 Acre Lot
  • Irregular Lot
  • Partially Wooded Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Log Siding

Interior Spaces

  • 1.5-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Spencer Elementary School
  • Owen Valley Middle School
  • Owen Valley High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 60-07-33-400-730.000-024

Home Details

Home Type

Single Family

Est. Annual Taxes

$550

Year Built

Built in 1943

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1943
  • Age: 78
  • Style: One and Half Story
  • Total Number of Rooms: 7
  • Total Number of Rooms Below Grade: 1
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: E 1/2 SE S33 T11 R 3 1.22A E 1/2 SE S33 T1 R3 .825A E 1/2 SE S33 T11 R3 3.205A
  • Parcel Number ID: 60-07-33-400-730.000-024
  • Platted: Yes
  • Sp Lp Percent: 84.94
  • Year Taxes Payable: 2021
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2574
  • Total Finished Sq Ft: 2574
  • Above Grade Finished Sq Ft: 1804
  • Below Grade Finished Sq Ft: 770
  • Price Per Sq Ft: 121.95
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Living Great Room: Dimensions: 21x10, On Level: Main
  • Kitchen: Dimensions: 12x9, On Level: Main
  • Dining Room: Dimensions: 14x12, On Level: Main
  • Bedroom 1: Dimensions: 10x10, On Level: Main
  • Bedroom 2: Dimensions: 10x10, On Level: Main
  • Bedroom 3: Dimensions: 34x10, On Level: Upper
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 770

Exterior Features

  • Exterior: Log
  • Outbuilding1: None

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 36x24
  • Garage Sq Ft: 864
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Well Type: Private

Schools

  • School District: Spencer-Owen Community Schools
  • Elementary School: Spencer
  • Middle School: Owen Valley
  • High School: Owen Valley
  • Elementary School: Spencer

Lot Info

  • Lot Description: Irregular, Partially Wooded, 3-5.9999
  • Lot Dimensions: IRREGULAR
  • Estimated Lot Sq Ft: 228690
  • Estimated Lot Size Acres: 5.25

Tax Info

  • Annual Taxes: 549.96

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
Jun 15, 2021
Closed on
Sep 2, 2021
Sold by
Townsend Patrick A and Townsend Dann F
Bought by
Wheeler Dalton Thomas
Buyer's Agent
Phil Corrona
Fathom Realty IN, LLC
List Price
$269,000
Sold Price
$220,000
Premium/Discount to List
-$49,000
-18.22%
Current Estimated Value
$277,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,072
Avg. Annual Appreciation
7.11%
Original Mortgage
$209,000
Outstanding Balance
$190,729
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$98,626

Purchase Details

Closed on
Oct 27, 2015
Sold by
Henson Aaron D and Henson Kimberly A
Bought by
Townsend Patrick A and Townsend Dann F
Source: Public Records

Range of Values:

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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
Wheeler Dalton Thomas $220,000 None Available
Townsend Patrick A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wheeler Dalton Thomas $209,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2021 09/02/21 Sold $220,000 -15.1% $85 / Sq Ft
08/24/2021 08/24/21 Pending -- -- --
07/20/2021 07/20/21 Price Changed $259,000 -3.7% $101 / Sq Ft
06/15/2021 06/15/21 For Sale $269,000 -- $105 / 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 $883 $143,900 $37,300 $106,600
2023 $861 $134,500 $37,300 $97,200
2022 $778 $120,600 $28,500 $92,100
2021 $587 $94,100 $28,500 $65,600
2020 $550 $91,500 $28,500 $63,000
2019 $493 $82,600 $24,500 $58,100
2018 $685 $97,000 $24,500 $72,500
2017 $532 $89,400 $24,500 $64,900
2016 $504 $86,700 $24,500 $62,200
2014 $1,274 $75,000 $18,000 $57,000
2013 -- $76,600 $17,700 $58,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202122875

Indiana Regional MLS

APN: 60-07-33-400-730.000-024