NOT LISTED FOR SALE

3991 W Old Stone Rd Peru, IN 46970

Estimated Value: $386,335 - $400,000

3 Beds
2 Baths
2,368 Sq Ft
$166/Sq Ft Est. Value

Last Sold December 21, 2018

Last sale price $320,000 $135 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,668/month

156 Days on Market

Highlights

  • 1,340 Feet of Waterfront
  • 72.35 Acre Lot
  • Partially Wooded Lot
  • Elmwood Primary Learning Center Rated A-
  • Colonial Architecture
  • Covered Patio or Porch

About This Home

As of December 2018

This country setting has 72.35 acres of pasture, woods and river frontage. Approximately 23 acres are located on the South side of the road with the remainder on the North side across the street. There is a two story home with an attached three car garage. The home has a large living room and a new bathroom and a new furnace and central was recently installed. There is a pole barn and a large shed. Take the stone road on the East side of the pole barn back to the river and you will find a brick workshop that overlooks the river. What a man cave! This former power house for the Erie Canal has a kitchenette and a bedroom and bath. Approximately 20 acres are in CRP that pays almost $4,000 a year. You better hurry to see this one.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,622

Year Built

  • Built in 1900

Lot Details

  • 72.35 Acre Lot
  • 1,340 Feet of Waterfront
  • River Front
  • Partially Wooded Lot

Parking

  • 3 Car Attached Garage
  • Stone Driveway

Home Design

  • Colonial Architecture
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Laminate Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • The river is a source of water for the property
  • Private Company Owned Well
  • Well
  • Septic System

Additional Features

  • Covered Patio or Porch
  • Pasture

Listing and Financial Details

  • Assessor Parcel Number 52-07-36-200-004.000-015

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,622

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1900
  • Style: Two Story
  • Architectural Style: Colonial
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: W1/2 Sw Pt Laf Res; -27-3; 72.353 Ac |
  • Parcel Number ID: 52-07-36-200-004.000-015
  • Platted: Yes
  • Amenities: Countertops-Laminate, Patio Covered, Porch Covered
  • Special Features: None

Interior Features

  • Total Sq Ft: 2368
  • Total Finished Sq Ft: 2368
  • Above Grade Finished Sq Ft: 2368
  • Basement Foundation: Crawl
  • Living Great Room: Dimensions: 14x24, On Level: Main
  • Kitchen: Dimensions: 10x16, On Level: Main
  • Dining Room: Dimensions: 14x14, On Level: Main
  • Bedroom 1: Dimensions: 12x12, On Level: Main
  • Bedroom 2: Dimensions: 10x12, On Level: Upper
  • Bedroom 3: Dimensions: 12x10, On Level: Upper
  • Main Level Sq Ft: 1632
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Outbuilding1: None, Dimensions: 24x54, 1296
  • Water Frontage: 1340
  • Water Name: Wabash River

Garage/Parking

  • Driveway: Stone
  • Garage Type: Attached
  • Garage Number Of Cars: 3
  • Garage Size: Dimensions: 37x32
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air, Heat Pump
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: Peru Utilities
  • Gas Company: NIPSCO
  • Water Type: River
  • Well Type: Private

Lot Info

  • Lot Description: Partially Wooded, Waterfront, 15+, Pasture, Wooded
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 3151696
  • Estimated Lot Size Acres: 72.353

Tax Info

  • Annual Taxes: 1622
  • Exemptions: Homestead, Mortgage

Multi Family

  • Water Access: Riverfront

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2018
Closed on
Dec 21, 2018
Sold by
Welch Dale L and Welch Pamela
Bought by
Shelton Lane and Shelton Stephanie
List Price
$369,900
Sold Price
$320,000
Premium/Discount to List
-$49,900
-13.49%
Current Estimated Value
$393,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,168
Avg. Annual Appreciation
3.05%
Original Mortgage
$256,000
Outstanding Balance
$225,992
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$167,176
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Shelton Lane -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shelton Lane $256,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2018 12/21/18 Sold $320,000 -8.5% $135 / Sq Ft
12/11/2018 12/11/18 Pending -- -- --
10/04/2018 10/04/18 Price Changed $349,900 -2.8% $148 / Sq Ft
08/20/2018 08/20/18 Price Changed $359,900 -2.7% $152 / Sq Ft
07/08/2018 07/08/18 For Sale $369,900 -- $156 / 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 $7,190 $240,400 $85,700 $154,700
2023 $7,190 $231,400 $74,900 $156,500
2022 $3,039 $205,500 $63,400 $142,100
2021 $2,774 $186,400 $57,400 $129,000
2020 $2,760 $188,000 $57,100 $130,900
2019 $3,033 $196,000 $65,100 $130,900
2018 $1,575 $141,900 $66,600 $75,300
2017 $1,623 $144,500 $69,800 $74,700
2016 $1,686 $147,600 $72,900 $74,700
2014 $2,007 $167,200 $93,800 $73,400
2013 -- $154,500 $82,800 $71,700
Source: Public Records

Map

Source: Indiana Regional MLS

MLS Number: 201829795

Indiana Regional MLS

APN: 52-07-36-200-004.000-015