NOT LISTED FOR SALE

4010 W Stebu Ln Bloomington, IN 47403

Estimated Value: $1,670,000 - $2,954,000

48 Beds
24 Baths
18,576 Sq Ft
$135/Sq Ft Est. Value

Last Sold March 20, 2018

Last sale price $500,000 $27 Per Sq Ft

Est. 401% increase in value since last sale

Current estimated payment $15,610/month

295 Days on Market

Highlights

  • Luxury Vinyl Tile Flooring
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Bloomington High School North Rated A

About This Home

As of March 2018

Great Investment Opportunity!! -12 Brick Duplexes for sale / 24 Units. - Potential Monthly rent is $12,600.00. - Some units are rented and some units need repair. - Each Unit has 2 bedrooms and 1 bathroom. - Near Westside employment and shopping. - $33,125 per unit!

Last Agent to Sell the Property

James Regester

Realty Professionals Listed on: 05/22/2017

Realty Professionals

Last Buyer's Agent

James Regester

Realty Professionals Listed on: 05/22/2017

Realty Professionals

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1967

Lot Details

  • 4.09 Acre Lot
  • Irregular Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1-Story Property

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 48 Bedrooms
  • 24 Full Bathrooms

Parking

  • 48 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, heating, water
  • The owner pays for lawn maintenance, maintenance, snow removal, trash collection
  • Assessor Parcel Number 53-09-01-300-008.000-015

Community Details

Overview

  • 12 Buildings
  • 24 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $332
  • Fuel Expense $332
  • Insurance Expense $6,264
  • Maintenance Expense $7,560
  • Trash Expense $2,709

Property Details

Home Type

Apartment

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1967
  • Age: 50
  • Style: One Story
  • Bedrooms: 48
  • Number Above Grade Bedrooms: 48
  • Total Bathrooms: 24
  • Total Full Bathrooms: 24
  • Legal Description: Pt SW 1-8-2W (4.09 Acres)
  • Parcel Number ID: 53-09-01-300-008.000-015
  • Platted: Yes
  • Amenities: Water Heater Electric
  • Cross Street: Curry Pike between 2nd & 3rd
  • Grid: Southwest Monroe County-D000
  • Location: City/Town/Suburb
  • Section Number: 1
  • Sp Lp Percent: 64.52
  • Zoning Description: RM15-RM15-Multi Dwelling Res.
  • Annual Miscellaneous: 663
  • Monthly Gross Income: 12600
  • Special Features: None

Interior Features

  • Total Sq Ft: 18576
  • Total Finished Sq Ft: 18576
  • Above Grade Finished Sq Ft: 18576
  • Flooring: Carpet, Vinyl Tile
  • Main Level Sq Ft: 18576
  • Number Of Disposals: 24
  • Number Of Ranges Ovens: 24

Exterior Features

  • Exterior: Brick
  • Roof Material: Shingle
  • Stories: 1

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 48
  • Parking: Gravel, Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity, Forced Air
  • Water Utilities: Public
  • Electric Company: Duke Energy Indiana
  • Gas Company: Vectren Energy
  • Cable Company: Comcast
  • Annual Electric: 331.5
  • Annual Fuel Expense: 331.5
  • Annual Insurance Expense: 6264
  • Annual Maintenance Expense: 7560
  • Annual Trash Expense: 2709
  • Number Of W D Hookups: 24

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Monroe County Community School Corp.
  • Elementary School: Highland Park
  • Middle School: Batchelor
  • High School: Bloomington North

Lot Info

  • Lot Description: Irregular
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 178160
  • Estimated Lot Size Acres: 4.09

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Maintenance, Snow Removal, Trash Collection
  • Tenant Pays: Cable, Cooling, Electric, Heating, Water

Multi Family

  • Gross Monthly Rent: 12600
  • Number Of Refrigerators: 24
  • Number Of Units: 24
  • Num Of2 Bedrooms: 24
  • Num Of Units Rented: 12

Tax Info

  • Annual Property Tax: 16508.24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2020
Sold by
Cowford Properties Llc
Bought by
Ample Square Llc
Current Estimated Value
$2,506,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,331,151
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$1,174,990

Purchase Details

Listed on
May 22, 2017
Closed on
Mar 20, 2018
Sold by
Barker Harry E
Bought by
Dodrill David E
Seller's Agent
James Regester
Realty Professionals
Buyer's Agent
James Regester
Realty Professionals
List Price
$795,000
Sold Price
$500,000
Premium/Discount to List
-$295,000
-37.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.66%
Original Mortgage
$926,080
Interest Rate
4.32%
Mortgage Type
Construction
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
Ample Square Llc $2,060,000 --
Dodrill David E $500,000 --
Cowford Properties Llc $500,000 Titleplus!
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ample Square Llc $1,500,000
Previous Owner Cowford Properties Llc $926,080
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2018 03/20/18 Sold $500,000 -37.1% $27 / Sq Ft
03/13/2018 03/13/18 Pending -- -- --
05/22/2017 05/22/17 For Sale $795,000 -- $43 / 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 $28,348 $1,876,200 $327,200 $1,549,000
2023 $14,991 $1,901,400 $327,200 $1,574,200
2022 $27,968 $1,888,100 $327,200 $1,560,900
2021 $30,778 $1,997,600 $327,200 $1,670,400
2020 $20,576 $1,252,200 $229,000 $1,023,200
2019 $18,743 $1,252,200 $229,000 $1,023,200
2018 $7,814 $501,800 $229,000 $272,800
2017 $16,456 $1,078,700 $368,100 $710,600
2016 $16,170 $1,078,700 $368,100 $710,600
2014 $15,861 $1,060,600 $368,100 $692,500
Source: Public Records

Agents Affiliated with this Home

  • James Regester

    Seller's Agent in 2018

    James Regester

    RE/MAX

    (812) 650-3600

    124 Total Sales

    James Regester
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Map

Source: Indiana Regional MLS

MLS Number: 201722491

Indiana Regional MLS

APN: 53-09-01-300-008.000-015

Indiana Monroe County Bloomington 47403

4010 W Stebu Ln, Bloomington, IN

This home is located at 4010 W Stebu Ln, Bloomington, IN 47403 since 22 May 2017 and is currently estimated at $2,506,141, approximately $134 per square foot. This property was built in 1967. 4010 W Stebu Ln is a home located in Monroe County with nearby schools including Highland Park Elementary School, Lora L. Batchelor Middle School, and Bloomington High School North.

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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