NOT LISTED FOR SALE

3887 S Cramer Cir Bloomington, IN 47403

Estimated Value: $274,000 - $347,000

15 Beds
15 Baths
10,680 Sq Ft
$29/Sq Ft Est. Value

Last Sold August 29, 2022

Last sale price $906,715 $85 Per Sq Ft

Current estimated payment $2,504/month

45 Days on Market

Highlights

  • Partially Wooded Lot
  • Porch
  • Eat-In Kitchen
  • Bloomington High School South Rated A
  • 1 Car Attached Garage
  • Walk-In Closet

About This Home

As of August 2022

5-plex investment opportunity! These condos are 3 bedrooms, 2 1/2 baths with a basement and one car garage located in Batchelor Heights. Close to downtown Bloomington, Indiana University, the new Switchyard Park and I-69. Includes all appliances. HOA fees are $100/unit/month and include common area landscaping and trash pick up. Tenants pay water and electric. Updates include: roof (2019), 2 new HVAC systems. Updates include a new Air Conditioner, and newer appliances purchased for some of the units.

Last Agent to Sell the Property

Trish Sterling

Sterling Real Estate Listed on: 07/15/2022

Last Buyer's Agent

James Regester

RE/MAX Realty Professionals

RE/MAX Realty Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,590

Year Built

  • Built in 2002

Lot Details

  • Partially Wooded Lot

HOA Fees

  • $500 Monthly HOA Fees

Home Design

  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Fire and Smoke Detector
  • Laundry closet

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 15 Bedrooms
  • Walk-In Closet

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Patio
  • Porch

Schools

  • Summit Elementary School
  • Batchelor Middle School
  • Bloomington South High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, fuel, heating, water
  • The owner pays for association dues, building insurance, lawn maintenance, maintenance, snow removal, tax, trash collection
  • Assessor Parcel Number 53-08-17-304-018.000-008

Community Details

Overview

  • 5 Units
  • Batchelor Heights Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Insurance Expense $3,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,590

Year Built

Built in 2002

Lot Details

0

HOA Fees

$500 per month

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 2002
  • Age: 20
  • Style: Two Story
  • Bedrooms: 15
  • Number Above Grade Bedrooms: 15
  • Total Bathrooms: 15
  • Total Full Bathrooms: 10
  • Total Number of Half Bathrooms: 5
  • Legal Description: 014-17091-41 BATCHELOR HEIGHTS SEC 1 LOT 41 014-17091-40 BATCHELOR HEIGHTS SEC 1 LOT 40 014-17091-39 BATCHELOR HEIGHTS SEC 1 LOT 39 014-17091-38 BATCHELOR HEIGHTS SEC 1 LOT 38 014-17091-37 BATCHELOR HEIGHTS SEC 1 LOT 37
  • Parcel Number ID: 53-08-17-304-018.000-008
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Off Street Parking, Near Walking Trail, Breakfast Bar, Cable Available, Closet(s) Walk-in, Countertops-Laminate, Detector-Smoke, Eat-In Kitchen, Garage Door Opener, Patio Open, Porch Open
  • Cross Street: Wickens
  • Grid: Southwest Monroe County-D000
  • Parcel Id2: 53-08-17-304-029.000-008
  • Road Access: County
  • Road Surface: Asphalt
  • Sp Lp Percent: 95.44
  • Monthly Gross Income: 7125
  • Restrictions Yn: Yes
  • County Zoning: Unknown
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 10680
  • Total Finished Sq Ft: 10680
  • Above Grade Finished Sq Ft: 7500
  • Below Grade Finished Sq Ft: 3180
  • Price Per Sq Ft: 120.9
  • Basement: Yes
  • Basement Foundation: Full Basement, Walk-Out Basement, Finished
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 3180
  • Number Of Disposals: 5
  • Number Of Microwaves: 5
  • Number Of Ranges Ovens: 5
  • Number Ttl Rooms Below Grade: 10

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 10

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 3900
  • Number Electric Meters: 5
  • Number Gas Meters: 5
  • Number Of W D Hookups: 5
  • Number Water Meters: 5

Condo/Co-op/Association

  • Association Restrictions: Yes
  • Association Fees: 500
  • Association Fees Frequency: Monthly
  • Other Fee Description: Exterior Insurance
  • Pet Restrictions: Yes

Schools

  • School District: Monroe County Community School Corp.
  • Elementary School: Summit
  • Middle School: Batchelor
  • High School: Bloomington South
  • Elementary School: Summit

Lot Info

  • Lot Description: Partially Wooded, 0-2.9999

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Association Dues, Building Insurance, Lawn Maintenance, Maintenance, Snow Removal, Tax, Trash Collection
  • Tenant Pays: Cable, Cooling, Electric, Fuel, Heating, Water

Multi Family

  • Gross Monthly Rent: 7125
  • Number Of Dishwashers: 5
  • Number Of Dryers: 5
  • Number Of Refrigerators: 5
  • Number Of Units: 5
  • Number Of Washers: 5
  • Number Of 3 Bedrooms: 5
  • Num Of Units Rented: 5

Tax Info

  • Annual Property Tax: 13590

MLS Schools

  • High School: Bloomington South
  • Middle School: Batchelor
  • School District: Monroe County Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2022
Closed on
Aug 29, 2022
Sold by
Phipps Kara B
Bought by
328 S Walnut Property Llc
Seller's Agent
Trish Sterling
Sterling Real Estate
Buyer's Agent
James Regester
RE/MAX Realty Professionals
List Price
$950,000
Sold Price
$906,715
Premium/Discount to List
-$43,285
-4.56%
Views
8
Current Estimated Value
$305,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$601,552
Avg. Annual Appreciation
-30.74%

Purchase Details

Listed on
Jul 15, 2022
Closed on
Aug 12, 2022
Sold by
Phipps Kara B
Bought by
Phipps Kara B
Seller's Agent
Trish Sterling
Sterling Real Estate
Buyer's Agent
James Regester
RE/MAX Realty Professionals
List Price
$950,000
Sold Price
$906,715
Premium/Discount to List
-$43,285
-4.56%
Views
8

Purchase Details

Listed on
Jun 5, 2020
Closed on
Aug 25, 2020
Sold by
Batchelor Heights Llc
Bought by
Phipps John E and Phipps Kara
Seller's Agent
Trish Sterling
Sterling Real Estate
Buyer's Agent
BLOOM NonMember
NonMember BL
List Price
$750,000
Sold Price
$743,579
Premium/Discount to List
-$6,421
-0.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.48%
Original Mortgage
$1,100,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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
328 S Walnut Property Llc $906,715 Title Plus
Phipps Kara B -- David E Baum Law Office, P.C
Phipps John E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Phipps John E $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2022 08/29/22 Sold $906,715 -4.6% $85 / Sq Ft
07/15/2022 07/15/22 For Sale $950,000 +27.8% $89 / Sq Ft
09/01/2020 09/01/20 Sold $743,579 -0.9% $70 / Sq Ft
06/05/2020 06/05/20 For Sale $750,000 -- $70 / 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 $3,992 $273,000 $49,200 $223,800
2023 $1,686 $219,800 $40,000 $179,800
2022 $2,973 $205,200 $40,000 $165,200
2021 $2,794 $185,500 $30,000 $155,500
2020 $2,807 $176,900 $30,000 $146,900
2019 $2,014 $147,500 $20,000 $127,500
2018 $1,777 $128,600 $20,000 $108,600
2017 $1,767 $127,700 $20,000 $107,700
2016 $1,724 $126,800 $20,000 $106,800
2014 $1,636 $122,600 $20,000 $102,600
Source: Public Records

Agents Affiliated with this Home

  • Trish Sterling

    Seller's Agent in 2022

    Trish Sterling

    Sterling Real Estate

    (812) 327-5431

    196 Total Sales

    Section Image
  • James Regester

    Buyer's Agent in 2022

    James Regester

    RE/MAX

    (812) 323-1231

    124 Total Sales

    Section Image

  • B

    Buyer's Agent in 2020

    BLOOM NonMember

    NonMember BL

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202229358

Indiana Regional MLS

APN: 53-08-17-304-018.000-008

Indiana Monroe County Bloomington 47403

3887 S Cramer Cir, Bloomington, IN

This home is located at 3887 S Cramer Cir, Bloomington, IN 47403 since 15 July 2022 and is currently estimated at $306,011, approximately $28 per square foot. This property was built in 2002. 3887 S Cramer Cir is a home located in Monroe County with nearby schools including Summit Elementary School, Lora L. Batchelor Middle School, and Bloomington High School South.

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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