NOT LISTED FOR SALE

3960 W State Highway 46 Spencer, IN 47460

Estimated Value: $270,000 - $421,000

5 Beds
3.5 Baths
2,788 Sq Ft
$134/Sq Ft Est. Value

Last Sold October 16, 2012

Last sale price $179,900 $65 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $2,120/month

6 Days on Market

Highlights

  • Horse Facilities
  • Waterfront
  • Lake, Pond or Stream
  • RV Parking in Community
  • 20.68 Acre Lot
  • Vaulted Ceiling

About This Home

As of October 2012

Homes like this dont come on the market often! Built in 1880 and in charming condition, this 1.5 story farm house is perfectly situated on 20.68 +/- acres and includes 2 large barns and a pond. Other features include 2 main level master suites with full baths and private exterior entrances, plus an additional 3 bedrooms and 1.5 baths. The interior and exterior were freshly painted in July 2012 and awaits your color palette. Prior to the current ownership this property was known as The Croft Bed and Breakfast. With the extra large eat-in kitchen, tall ceilings, floor to ceiling fireplace, beautiful landscaping and acreage to roam & relax; this property lends itself to the potential of a wedding venue, bed and breakfast or small farm.**Note to Realtors:1) Please, see the attached drawing showing the amount of ground the state has obtained to widen the shoulders on highway 46 west. The 0.786 of an acre has already been deducted from the legal description and deeded to the State of Indiana

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $597

Year Built

  • Built in 1880

Lot Details

  • 20.68 Acre Lot
  • Waterfront
  • Partially Wooded Lot
  • Zoning described as Agricultural-Agricultural

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 1.5-Story Property
  • Built-in Bookshelves
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Attic Fan

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite

Basement

  • Walk-Out Basement
  • Stone or Rock in Basement

Eco-Friendly Details

  • Energy-Efficient Thermostat

Outdoor Features

  • Lake, Pond or Stream
  • Balcony
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Septic System
  • TV Antenna

Listing and Financial Details

  • Assessor Parcel Number 60-11-15-100-060.000-022

Community Details

Overview

  • RV Parking in Community

Recreation

  • Horse Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$597

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1880
  • Age: 132
  • Style: One and Half Story
  • Total Number of Rooms: 9
  • Bedrooms: 5
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Legal Description: Pt SW NE 15-10-4 (20.68 Acres)
  • Parcel Number ID: 60-11-15-100-060.000-022
  • Platted: Yes
  • Amenities: Antenna, Balcony, Built-In Bookcase, Ceiling-9+, Ceiling Fan(s), Ceilings-Vaulted, Closet(s) Walk-in, Countertops-Laminate, Deck Open, Eat-In Kitchen, Guest Quarters, Porch Covered, RV Parking
  • Zoning Description: Agricultural-Agricultural
  • Special Features: None

Interior Features

  • Total Sq Ft: 3453
  • Total Finished Sq Ft: 2788
  • Above Grade Finished Sq Ft: 2788
  • Below Grade Sq Ft: 665
  • Price Per Sq Ft: 64.53
  • Basement Foundation: Walk-Out Basement
  • Basement Material: Stone
  • Number Of Fireplaces: 1
  • Fireplace: Wood Burning
  • Living Great Room: Dimensions: 18x18, On Level: Main
  • Kitchen: Dimensions: 14x15, On Level: Main
  • Family Room: Dimensions: 15x19, On Level: Main
  • Bedroom 1: Dimensions: 12x15, On Level: Main
  • Bedroom 2: Dimensions: 8x11, On Level: Upper
  • Bedroom 3: Dimensions: 13x17, On Level: Upper
  • Bedroom 4: Dimensions: 13x15, On Level: Upper
  • Main Level Sq Ft: 2788
  • Total Below Grade Sq Ft: 665

Exterior Features

  • Exterior: Brick, Wood
  • Outbuilding1: Horse Facilities

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Septic
  • Hvac: Attic Fan
  • Water Type: Pond

Schools

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

Lot Info

  • Lot Description: Partially Wooded, Waterfront
  • Lot Dimensions: Irregular
  • Estimated Lot Size Acres: 20.68

Green Features

  • Energy Efficient: Thermostat/Controllers

Tax Info

  • Annual Taxes: 597.2
  • Exemptions: Homestead, Mortgage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2012
Closed on
Oct 16, 2012
Sold by
Nardi Frank M and Nardi Brenda Kadic
Bought by
Mobley Lester E
List Price
$179,900
Sold Price
$179,900
Current Estimated Value
$373,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,928
Avg. Annual Appreciation
5.80%
Original Mortgage
$170,900
Outstanding Balance
$118,677
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$255,151

Purchase Details

Closed on
Oct 8, 2010
Sold by
Nardi Frank M and Nardi Brenda Kadic
Bought by
State Of Indiana

Purchase Details

Closed on
Jun 16, 2006
Sold by
Nardi Brenda Kadic and Kadic Brenda S
Bought by
Nardi Frank M and Nardi Brenda Kadic

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,500
Interest Rate
6.72%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Mobley Lester E -- None Available
State Of Indiana $60,000 None Available
Nardi Frank M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mobley Lester E $170,900
Previous Owner Nardi Frank M $174,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2012 10/16/12 Sold $179,900 0.0% $65 / Sq Ft
08/09/2012 08/09/12 Pending -- -- --
08/03/2012 08/03/12 For Sale $179,900 -- $65 / 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 $1,562 $235,300 $27,600 $207,700
2023 $1,588 $231,800 $26,300 $205,500
2022 $1,470 $196,100 $25,000 $171,100
2021 $1,189 $153,400 $24,300 $129,100
2020 $1,118 $148,300 $22,200 $126,100
2019 $896 $122,400 $20,800 $101,600
2018 $798 $113,400 $20,900 $92,500
2017 $787 $113,300 $21,700 $91,600
2016 $743 $109,000 $21,900 $87,100
2014 $674 $103,000 $22,200 $80,800
2013 -- $97,600 $21,300 $76,300
Source: Public Records

Map

Source: Indiana Regional MLS

MLS Number: 404949

Indiana Regional MLS

APN: 60-11-15-100-060.000-022