NOT LISTED FOR SALE

412 E 2nd St Bloomington, IN 47401

Elm Heights Neighborhood

Estimated Value: $478,419 - $574,000

4 Beds
4 Baths
1,515 Sq Ft
$339/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $445,000 $294 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,430/month

3 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • 1-Story Property
  • Binford Elementary School Rated A
  • Level Lot
  • 5-minute walk to Seminary Park

About This Home

As of June 2022

Location, location, location! This renovated 4 unit investment property located in the historic Vinegar Hill District adjacent to downtown Bloomington is only a few blocks from the Sample Gates, Law School , School of Optometry , and the Jacobs School of Music at Indiana University! This is a fantastic location for tenants to access both IU and downtown Bloomington. Currently leased year to year this property is also an excellent short term rental option if an owner wanted to increase revenue by using some or all of the units for AirBnb or VRBO. There are two 1bedroom units and two efficiency units. The units were remodeled w/AirBnb use in mind-they all can connect to another unit for great rental flexibility. Ample parking for residents and guests. Great location, revenue, and they are super easy to lease-what more could an investor want!

Last Agent to Sell the Property

Andy Walker

RE/MAX Acclaimed Properties Listed on: 05/26/2022

RE/MAX Acclaimed Properties

Last Buyer's Agent

Tim Ballard

Aligned Property Group

Aligned Property Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,104

Year Built

  • Built in 1899

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 148x50
  • Level Lot

Home Design

  • Quadruplex
  • Vinyl Construction Material

Interior Spaces

  • 1,515 Sq Ft Home
  • 1-Story Property

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Basement

  • Basement Cellar
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Schools

  • Rogers/Binford Elementary School
  • Jackson Creek Middle School
  • Bloomington South High School

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for building insurance
  • Assessor Parcel Number 53-08-04-220-004.000-009

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $1,610
  • Fuel Expense $540
  • Insurance Expense $1,050
  • Maintenance Expense $1,740
  • Water Sewer Expense $490

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,104

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1899
  • Style: Attached
  • Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: 015-27710-00 Cedar Hill L-7
  • Parcel Number ID: 53-08-04-220-004.000-009
  • Platted: Yes
  • Amenities: Off Street Parking
  • Special Features: None

Interior Features

  • Total Sq Ft: 1515
  • Total Finished Sq Ft: 1515
  • Above Grade Finished Sq Ft: 1515
  • Basement Foundation: Crawl, Cellar
  • Flooring: Ceramic Tile, Laminate
  • Number Of Disposals: 4
  • Number Of Microwaves: 4
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1610
  • Annual Fuel Expense: 540
  • Annual Insurance Expense: 1050
  • Annual Maintenance Expense: 1740
  • Annual Water Sewer Expense: 490
  • Number Of W D Hookups: 2

Schools

  • Elementary School: Rogers/Binford

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 148x50
  • Estimated Lot Sq Ft: 6970
  • Estimated Lot Size Acres: 0.16

Rental Info

  • Owner Pays: Building Insurance

Tax Info

  • Annual Property Tax: 4104

Multi Family

  • Number Of Dishwashers: 2
  • Number Of Dryers: 2
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 2
  • Num Of Efficiencies: 2

MLS Schools

  • High School: Bloomington South
  • Middle School: Jackson Creek
  • School District: Monroe County Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2022
Closed on
Jun 30, 2022
Sold by
Adkins Donald
Bought by
Cj Satellite Llc
Seller's Agent
Andy Walker
RE/MAX Acclaimed Properties
Buyer's Agent
Tim Ballard
Aligned Property Group
List Price
$449,900
Sold Price
$445,000
Premium/Discount to List
-$4,900
-1.09%
Current Estimated Value
$514,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,105
Avg. Annual Appreciation
4.19%

Purchase Details

Listed on
Mar 22, 2021
Closed on
Sep 30, 2021
Sold by
The Salon Chicago Llc
Bought by
Adkins Donald
List Price
$399,000
Sold Price
$404,000
Premium/Discount to List
$5,000
1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.76%
Original Mortgage
$315,847
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 27, 2016
Closed on
Nov 30, 2016
Sold by
Islamic Center Of Bloomington Inc
Bought by
The Salon Chicago Llc
Seller's Agent
Vatche Khachatrian
Century 21 Scheetz - Bloomington
Buyer's Agent
Vatche Khachatrian
Century 21 Scheetz - Bloomington
List Price
$235,000
Sold Price
$188,000
Premium/Discount to List
-$47,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.12%

Purchase Details

Closed on
Mar 25, 2013
Sold by
First Financial Bank
Bought by
Islamic Center Of Bloomington Inc

Purchase Details

Closed on
Jun 22, 2012
Sold by
Muckerheide Scott E and Muckerheide Mary Ann
Bought by
First Financial Bank

Purchase Details

Closed on
Apr 29, 2005
Sold by
Booker Llc
Bought by
Muckerheide Scott E and Muckerheide Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,600
Interest Rate
6.06%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cj Satellite Llc $445,000 John Bethel Title Company
Adkins Donald $404,000 None Available
The Salon Chicago Llc -- None Available
Islamic Center Of Bloomington Inc -- None Available
First Financial Bank -- None Available
Muckerheide Scott E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adkins Donald $315,847
Previous Owner Muckerheide Scott E $137,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2022 06/30/22 Sold $445,000 -1.1% $294 / Sq Ft
05/26/2022 05/26/22 For Sale $449,900 +12.8% $297 / Sq Ft
10/06/2021 10/06/21 For Sale $399,000 -1.2% $263 / Sq Ft
10/01/2021 10/01/21 Sold $404,000 0.0% $267 / Sq Ft View Prior Sale
10/01/2021 10/01/21 Off Market $404,000 -- --
03/22/2021 03/22/21 For Sale $399,000 +112.2% $263 / Sq Ft
11/30/2016 11/30/16 Sold $188,000 -20.0% $124 / Sq Ft View Prior Sale
07/24/2016 07/24/16 Pending -- -- --
04/27/2016 04/27/16 For Sale $235,000 -- $155 / 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 $8,907 $435,100 $177,500 $257,600
2023 $2,956 $279,400 $78,100 $201,300
2022 $5,793 $286,100 $78,100 $208,000
2021 $4,104 $198,000 $78,100 $119,900
2020 $4,092 $198,000 $78,100 $119,900
2019 $3,772 $179,400 $78,100 $101,300
2018 $3,825 $181,500 $78,100 $103,400
2017 $3,835 $181,600 $78,100 $103,500
2016 $3,796 $182,900 $78,100 $104,800
2014 $3,800 $182,500 $78,100 $104,400
Source: Public Records

Agents Affiliated with this Home

  • Andy Walker

    Seller's Agent in 2022

    Andy Walker

    RE/MAX

    (812) 325-1290

    4 in this area

    239 Total Sales

    Andy Walker
    Section Image

  • T

    Buyer's Agent in 2022

    Tim Ballard

    Aligned Property Group

    (812) 325-1648

    1 in this area

    68 Total Sales

    Tim Ballard
    Section Image
  • Vatche Khachatrian

    Seller's Agent in 2016

    Vatche Khachatrian

    Century 21 Scheetz - Bloomington

    (812) 320-1670

    1 in this area

    36 Total Sales

    Vatche Khachatrian
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202220389

Indiana Regional MLS

APN: 53-08-04-220-004.000-009

Indiana Monroe County Bloomington 47401 Elm Heights

412 E 2nd St, Bloomington, IN

Not Listed for Sale

MultiFamily

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