NOT LISTED FOR SALE

3940 W 50 S Kokomo, IN 46901

Estimated Value: $435,000 - $530,437

4 Beds
2.5 Baths
2,827 Sq Ft
$173/Sq Ft Est. Value

Last Sold March 19, 2018

Last sale price $280,000 $99 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $2,851/month

503 Days on Market

Highlights

  • Pier or Dock
  • A-Frame Home
  • Partially Wooded Lot
  • Western Middle School Rated A-
  • Living Room with Fireplace
  • Cathedral Ceiling

About This Home

As of March 2018

ARE PRIVACY AND SECLUSION IMPORTANT? We've found them for only 5 minutes from town. This one of kind home is located on a wonderful 5 acre parcel that features the best of what nature has to offer. Enjoy the 2 scenic ponds (skinny dipping allowed but discouraged by the fish), a picturesque stream and a beautiful wooded area. The one-owner residence was created for comfortable and relaxed living. The home includes 4 BR's 2.5BA's (3 if you count the outhouse), 2 kitchens and bold fireplaces on both levels of the home. All rooms are large and many provide exceptional views of the grounds. Great storage! There is a large 2-car attached garage, and a second detached garage a several small buildings that may be used for storage or workshops. The really good news is that the present owners have recently replaced the beautiful shake roof and installed a long-lasting and efficient geothermal system. Western Schools.

Susan Cone

True Realty Listed on: 08/17/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,866

Year Built

  • Built in 1987

Lot Details

  • 5 Acre Lot
  • Rural Setting
  • Partially Wooded Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • A-Frame Home
  • Poured Concrete
  • Shake Roof
  • Stone Exterior Construction
  • Cedar

Interior Spaces

  • 1.5-Story Property
  • Built-in Bookshelves
  • Built-In Features
  • Bar
  • Cathedral Ceiling
  • Living Room with Fireplace
  • 2 Fireplaces
  • Workshop
  • Fire and Smoke Detector
  • Electric Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Kitchen Island
  • Solid Surface Countertops
  • Utility Sink
  • Disposal

Flooring

  • Parquet
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Separate Shower

Attic

  • Attic Fan
  • Storage In Attic

Partially Finished Basement

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

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch

Utilities

  • Central Air
  • Geothermal Heating and Cooling
  • Private Company Owned Well
  • Well
  • Septic System
  • Cable TV Available

Community Details

  • Pier or Dock

Listing and Financial Details

  • Assessor Parcel Number 34-09-04-151-003.000-019

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,866

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1987
  • Age: 31
  • Style: One and Half Story
  • Architectural Style: A-Frame
  • Total Number of Rooms: 9
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: Pt NW4 4-23-3 5 acres
  • Parcel Number ID: 34-09-04-151-003.000-019
  • Platted: Yes
  • Amenities: Attic Storage, Balcony, Bar, Built-In Bookcase, Built-in Desk, Cable Available, Ceiling-Cathedral, Closet(s) Walk-in, Countertops-Solid Surf, Detector-Smoke, Disposal, Dryer Hook Up Electric, Eat-In Kitchen, Garage Door Opener, Kitchen Island, Patio Open, Porch Enclosed, Range/Oven Hook Up Elec, Six Panel Doors, Utility Sink, Stand Up Shower, Workshop
  • Location: Rural
  • Sp Lp Percent: 93.36
  • Special Features: None

Interior Features

  • Total Sq Ft: 3540
  • Total Finished Sq Ft: 2827
  • Above Grade Finished Sq Ft: 2244
  • Below Grade Finished Sq Ft: 583
  • Below Grade Sq Ft: 713
  • Basement: Yes
  • Basement Foundation: Partial Basement, Full Basement, Walk-Out Basement
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 2
  • Fireplace: Living/Great Rm, Basement, Wood Burning Stove
  • Flooring: Carpet, Laminate, Parquet, Tile
  • Living Great Room: Dimensions: 22x21, On Level: Main
  • Kitchen: Dimensions: 13x28, On Level: Main
  • Family Room: Dimensions: 22x22, On Level: Lower
  • Extra Room: Den/office/dining, Dimensions: 9x8, On Level: Main
  • Bedroom 1: Dimensions: 15x15, On Level: Main
  • Bedroom 2: Dimensions: 14x10, On Level: Upper
  • Bedroom 3: Dimensions: 16x11, On Level: Main
  • Bedroom 4: Dimensions: 10x13, On Level: Main
  • Number of Main Level Full Bathrooms: 2
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 1296

Exterior Features

  • Exterior: Cedar, Stone
  • Roof Material: Shake
  • Outbuilding1: 2nd Detached Garage, Dimensions: 24x16
  • Water Features: Pier/Dock

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 27x24
  • Garage Sq Ft: 648

Utilities

  • Cooling: Central Air
  • Heating Fuel: Geothermal
  • Sewer: Septic
  • Water Utilities: Well
  • Hvac: Attic Fan, Geothermal Hvac
  • Laundry: Dimensions: 7xLower, On Level: 6
  • Well Type: Private

Schools

  • School District: Western School Corp.
  • Elementary School: Western Primary
  • Middle School: Western Middle School
  • High School: Western High School

Lot Info

  • Lot Description: Partially Wooded
  • Lot Dimensions: 5.00
  • Estimated Lot Sq Ft: 217800
  • Estimated Lot Size Acres: 5

Green Features

  • Energy Efficient: Windows

Tax Info

  • Annual Taxes: 1865.79
  • Exemptions: Geothermal, Homestead, Mortgage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2016
Closed on
Mar 19, 2018
Sold by
Miller Ent
Bought by
Davis H
List Price
$335,000
Sold Price
$280,000
Premium/Discount to List
-$55,000
-16.42%
Current Estimated Value
$489,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,146
Avg. Annual Appreciation
7.67%
Original Mortgage
$286,020
Outstanding Balance
$244,747
Interest Rate
4.32%
Mortgage Type
VA
Estimated Equity
$244,399
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
Davis H $280,000 --
Davis Gregory E $280,000 Maugans J C
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Gregory E $286,020
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2018 03/19/18 Sold $280,000 -16.4% $99 / Sq Ft
01/02/2018 01/02/18 Pending -- -- --
08/17/2016 08/17/16 For Sale $335,000 -- $119 / 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 $3,093 $404,000 $56,100 $347,900
2023 $3,093 $379,200 $56,100 $323,100
2022 $3,513 $379,800 $56,100 $323,700
2021 $3,078 $351,800 $56,100 $295,700
2020 $2,645 $321,200 $49,300 $271,900
2019 $2,563 $303,100 $49,300 $253,800
2018 $2,209 $293,000 $49,300 $243,700
2017 $2,041 $268,000 $49,300 $218,700
2016 $1,866 $259,100 $42,100 $217,000
2014 $1,585 $233,100 $42,100 $191,000
2013 $1,746 $240,100 $42,100 $198,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201638426

Indiana Regional MLS

APN: 34-09-04-151-003.000-019