NOT LISTED FOR SALE

3876 E 650 N Marion, IN 46952

Estimated Value: $110,000 - $187,000

2 Beds
1 Bath
1,580 Sq Ft
$102/Sq Ft Est. Value

Last Sold June 28, 2018

Last sale price $55,000 $35 Per Sq Ft

Est. 194% increase in value since last sale

Current estimated payment $883/month

87 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Eat-In Kitchen
  • Eastbrook High School Rated 9+
  • 2 Car Attached Garage
  • 1-Story Property

About This Home

As of June 2018

COUNTRY home with 3 BARNS on 2.736 acres. Priced under appraised value. Main house has 2 bedrooms, 1 bathroom, eat-in kitchen, dining room, multiple living/dining rooms, poured concrete basement/crawl and 2 car attached garage. Features 1,580 sf, nice kitchen cabinets, built-in bookcases, some older hardwood, refrigerator and stove. Fuse box, some missing flooring, and lack of guttering limits financing options - property being sold as is. Barn #1 has concrete floors. Barn #2 has entrance for large vehicles. Barn #3 was in the process of being converted into a home with spacious 2nd floor rooms, windows across the back, new metal roof and cedar shingles, fireplace, antique doors, 3-car garage, large covered space for firewood, and 1,000-gallon septic (2015) - 66x25. SO MUCH POTENTIAL!

Last Agent to Sell the Property

Molly Lindsay

Molly P. Lindsay, LLC Listed on: 02/02/2018

Last Buyer's Agent

Molly Lindsay

Molly P. Lindsay, LLC Listed on: 02/02/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,307

Year Built

  • Built in 1876

Lot Details

  • 2.74 Acre Lot
  • Rural Setting
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Partially Finished Basement
  • Crawl Space
  • Eat-In Kitchen

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Eastbrook North Elementary School
  • Eastbrook Middle School
  • Eastbrook High School

Utilities

  • Heating System Uses Oil
  • Private Company Owned Well
  • Well
  • Septic System

Community Details

  • Rural Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27-02-03-400-009.000-031

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,307

Year Built

Built in 1876

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1876
  • Style: One Story
  • Architectural Style: Traditional
  • Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: 02-01-31 E Ne Se Sec 3 |
  • Parcel Number ID: 27-02-03-400-009.000-031
  • Platted: Yes
  • Amenities: Eat-In Kitchen
  • Location: Rural
  • Road Access: County
  • Road Surface: Paved
  • Section Number: 3
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1970
  • Total Finished Sq Ft: 1580
  • Above Grade Finished Sq Ft: 1580
  • Below Grade Sq Ft: 390
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement, Unfinished
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Hardwood Floors, Vinyl
  • Living Great Room: Dimensions: 24x10, On Level: Main
  • Kitchen: Dimensions: 15x14, On Level: Main
  • Dining Room: Dimensions: 15x10, On Level: Main
  • Family Room: Dimensions: 14x11, On Level: Main
  • Bedroom 1: Dimensions: 14x12, On Level: Main
  • Bedroom 2: Dimensions: 12x6, On Level: Main
  • Other Room1: 3rd Living Room, Dimensions: 14x14
  • Main Level Sq Ft: 1580
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 390

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Outbuilding1: Pole/Post Building, Dimensions: 30x24
  • Outbuilding2: Pole/Post Building, Dimensions: 36x24, 864

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 26x25
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Heating Fuel: Oil
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: AEP/I&M
  • Well Type: Private

Schools

  • Elementary School: Eastbrook North

Lot Info

  • Lot Description: Level
  • Estimated Lot Sq Ft: 113256
  • Estimated Lot Size Acres: 2.736

Tax Info

  • Annual Taxes: 1306.76
  • Exemptions: Homestead

MLS Schools

  • High School: Eastbrook
  • Middle School: Eastbrook
  • School District: Eastbrook Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2018
Closed on
Jun 28, 2018
Sold by
Indiana Wesleyan University
Bought by
Joel Forman
Seller's Agent
Molly Lindsay
Molly P. Lindsay, LLC
Buyer's Agent
Molly Lindsay
Molly P. Lindsay, LLC
List Price
$74,000
Sold Price
$55,000
Premium/Discount to List
-$19,000
-25.68%
Current Estimated Value
$161,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,617
Avg. Annual Appreciation
15.57%
Original Mortgage
$52,250
Outstanding Balance
$45,282
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$116,335

Purchase Details

Closed on
Feb 7, 2018
Sold by
Indiana Wesleyan Univ
Bought by
Kratzer David A

Purchase Details

Closed on
Feb 17, 2017
Sold by
Kindley Carolyn E and The John E Kindley & Carolyn E
Bought by
Indiana Wesleyan University
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Joel Forman $55,000 --
Forman Joel $55,000 Insured Closing Specialists
Kratzer David A -- --
Indiana Wesleyan University -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forman Joel $52,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2018 06/28/18 Sold $55,000 -25.7% $35 / Sq Ft
04/30/2018 04/30/18 Pending -- -- --
02/02/2018 02/02/18 For Sale $74,000 -- $47 / 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 $414 $97,100 $27,000 $70,100
2023 $457 $94,400 $27,000 $67,400
2022 $666 $100,500 $23,900 $76,600
2021 $582 $86,600 $23,900 $62,700
2020 $579 $86,000 $23,900 $62,100
2019 $553 $87,900 $23,900 $64,000
2018 $996 $84,500 $23,900 $60,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201803978

Indiana Regional MLS

APN: 27-02-03-400-009.001-031