Seller's Agent in 2024
Deborah Tomaro
Deb Tomaro Real Estate
(812) 345-4404
228 Total Sales
406 E Hillside Dr Bloomington, IN 47401
4
Beds
4
Baths
2,880
Sq Ft
6,098
Sq Ft Lot
Highlights
- Open Floorplan
- Backs to Open Ground
- Solid Surface Countertops
- Jackson Creek Middle School Rated A
- Wood Flooring
- Covered Deck
About This Home
As of April 2024Superior condition apartment building, The Elmer on Hillside (named after original owner, Elmer Smallwood). This 4 unit building was completely rebuilt from the ground up in 2012, including the original front facade restored. From new foundation to the solar panels on the roof and everything in between, you'll love this ultra low maintenance investment opportunity (no grass to mow!). Each unit has the same layout (see floorplan in photos) and higher end finishes. One bedroom, one bath, washer/dryer in unit and plenty of closet space. The units are heated with two mini split systems each. Each unit has its own secure storage space in the walkout basement. Landlord pays water/sewer/trash (Approximately $1500/year) and internet ($2062/year). Sprinkler/fire alarm system is managed by Koorsen ($1200/year). Electric for the basement heat/AC/electric is covered by the solar panels. Each tenant pays their own electric. The owner is in the process of updating rents to $1200/month. Leases for 2024-2025 have been signed for Apartments 3 and 4 ($1150 and $1200). Active leasing is underway for Apartments 1 and 2. Owner manages property. Walk through video available on YouTube.
Last Agent to Sell the Property
Deb Tomaro Real Estate Brokerage Email: deb.tomaro@homefinder.org Listed on: 03/25/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,437
Year Built
- Built in 2013
Lot Details
- 6,098 Sq Ft Lot
- Backs to Open Ground
- Sloped Lot
Home Design
- Quadruplex
Interior Spaces
- 3-Story Property
- Open Floorplan
- Wood Flooring
- Solid Surface Countertops
- Laundry closet
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- 4 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 4 Parking Spaces
- Off-Street Parking
Outdoor Features
- Covered Deck
Schools
- Templeton Elementary School
- Jackson Creek Middle School
- Bloomington South High School
Utilities
- Multiple cooling system units
- Exterior Duct-Work Is Insulated
- Electric Water Heater
Listing and Financial Details
- Tenant pays for electric
- The owner pays for alarm, building insurance, maintenance, snow removal, trash collection, water
- Assessor Parcel Number 53-08-09-201-040.000-009
Community Details
Overview
- 4 Units
- Driscoll Subdivision
Amenities
- Community Storage Space
Pet Policy
- Pets Allowed with Restrictions
Building Details
- 5 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $50
- Insurance Expense $1,677
- Water Sewer Expense $1,500
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/25/2024 04/25/24 | Sold | $650,000 | -3.7% | $226 / Sq Ft |
| 04/05/2024 04/05/24 | Pending | -- | -- | -- |
| 03/25/2024 03/25/24 | For Sale | $675,000 | -- | $234 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $8,105 | $395,900 | $77,000 | $318,900 |
| 2023 | $6,588 | $304,200 | $38,500 | $265,700 |
| 2022 | $6,588 | $325,400 | $38,500 | $286,900 |
| 2021 | $6,270 | $302,500 | $38,500 | $264,000 |
| 2020 | $5,763 | $278,800 | $38,500 | $240,300 |
| 2019 | $6,026 | $286,600 | $38,500 | $248,100 |
| 2018 | $6,040 | $286,600 | $38,500 | $248,100 |
| 2017 | $6,011 | $284,600 | $38,500 | $246,100 |
| 2016 | $6,069 | $292,400 | $38,500 | $253,900 |
| 2014 | $6,592 | $316,600 | $38,500 | $278,100 |
| 2013 | $6,592 | $38,500 | $38,500 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Deborah Tomaro
-
Gretchen Nall
Buyer's Agent in 2024
Gretchen Nall
Bloomington Rentals and Realty
(812) 360-2288
95 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202409773
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