$2,550,000
SOLD AUG 9, 2024

416 E 4th St Unit 5 Bloomington, IN 47408

16 Beds
12 Baths
6,350 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$402 Per Sq Ft

9% Below List Price

73 Days on Market

Highlights

  • Eat-In Kitchen
  • Walk-In Closet
  • Partially Carpeted
  • University Elementary School Rated A
  • Forced Air Heating and Cooling System
  • 2-minute walk to Peoples Park

About This Home

As of August 2024

Great Location near Kirkwood! Restaurant and 4 apartments. All apartments have a current 5 person occupancy HAND permit. All units are rented through July of 2026. The restaurant has a current lease through 2033. The apartment is an updated 4 bedroom and 3 bath. 3 spacious and modern townhomes! These Townhomes feature 3 bedrooms and 2.5 baths. Some features include; hardwood floors, large bedroom space with closets, stainless steel appliances, Koehler fixtures, and more. Newly renovated 4 bedroom, 3 bath apartment above 4th Street! Location is key to this property! Centrally located in Restaurant Row, near coffee shops, night life, IU Law School, and Bryan Park! Let's make your school year one to remember! One block from Kilroy's and two blocks from the Sample Gates

Last Agent to Sell the Property

Jeff Brawley

Brawley Real Estate Brokerage Phone: 812-336-6888

Last Buyer's Agent

Jeff Brawley

Brawley Real Estate Brokerage Phone: 812-336-6888

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $24,265

Year Built

  • Built in 2015

Home Design

  • Slab Foundation
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 6,350 Sq Ft Home
  • 3-Story Property

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Partially Carpeted
  • Laminate

Bedrooms and Bathrooms

  • 16 Bedrooms
  • Walk-In Closet

Home Security

Schools

  • Rogers/Binford Elementary School
  • Tri-North Middle School
  • Bloomington North High School

Additional Features

  • 8,276 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • The owner pays for electric, lawn maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 53-05-33-310-298.000-005

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $7,270
  • Maintenance Expense $7,554
  • Trash Expense $1,475
  • Water Sewer Expense $2,820

Additional Features

  • 5 Units
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$24,265

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 2015
  • Age: 9
  • Style: Townhouse
  • Bedrooms: 16
  • Number Above Grade Bedrooms: 16
  • Total Bathrooms: 12
  • Total Full Bathrooms: 9
  • Total Number of Half Bathrooms: 3
  • Legal Description: ORIG PLAT PT INLTS 3 & 4
  • Parcel Number ID: 53-05-33-310-298.000-005
  • Platted: Yes
  • Amenities: Closet(s) Walk-in, Countertops-Laminate, Detector-Smoke, Eat-In Kitchen
  • Sp Lp Percent: 100
  • Monthly Gross Income: 16484
  • Year Taxes Payable: 2023
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Total Sq Ft: 6350
  • Total Finished Sq Ft: 6350
  • Above Grade Finished Sq Ft: 6350
  • Price Per Sq Ft: 401.57
  • Basement Foundation: Slab
  • Flooring: Laminate, Part Carpet
  • Number Of Disposals: 4
  • Number Of Microwaves: 4
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl, Wood
  • Stories: 3

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 7270
  • Annual Maintenance Expense: 7554
  • Annual Trash Expense: 1475
  • Annual Water Sewer Expense: 2820

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Monroe County Community School Corp.
  • Elementary School: Rogers/Binford
  • Middle School: Tri-North
  • High School: Bloomington North
  • Elementary School: Rogers/Binford

Lot Info

  • Lot Description: Level
  • Lot Dimensions: irregular
  • Estimated Lot Sq Ft: 8276
  • Estimated Lot Size Acres: 0.19
  • Lot Number: 3

Rental Info

  • Lease Term: 1 Year, 3 or More Years
  • Owner Pays: Electric, Lawn Maintenance, Sewer, Tax, Trash Collection, Water

Tax Info

  • Total Assessed Value: 1170600
  • Annual Property Tax: 24265

Multi Family

  • Gross Monthly Rent: 20075
  • Number Of Dishwashers: 4
  • Number Of Dryers: 4
  • Number Of Refrigerators: 4
  • Number Of Units: 5
  • Number Of Washers: 4
  • Number Of 3 Bedrooms: 3
  • Number Of 4 Bedrooms: 1
  • Num Of Units Rented: 5

MLS Schools

  • High School: Bloomington North
  • Middle School: Tri-North
  • School District: Monroe County Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 9, 2018
Sold by
Member Sibghat U Sheikh
Bought by
Brawley Jeff
Total Days on Market
73
Current Estimated Value
$1,927,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,323,000
Outstanding Balance
$799,304
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,128,093

Purchase Details

Closed on
Mar 25, 2014
Sold by
416 East Fourth Street Llc
Bought by
Restaurant Row I Llc

Purchase Details

Closed on
May 25, 2007
Sold by
U S Assets Llc
Bought by
416 East Fourth Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Map

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 Type Sale Price Title Company
Deed $1,890,000 --
Warranty Deed $1,890,000 Capstone Title Partners
Warranty Deed -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,323,000 Purchase Money Mortgage
Previous Owner $700,000 Future Advance Clause Open End Mortgage
Previous Owner $496,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2024 08/09/24 Sold $2,550,000 -8.9% $402 / Sq Ft
06/06/2024 06/06/24 Pending -- -- --
03/25/2024 03/25/24 For Sale $2,800,000 -- $441 / Sq Ft
Source: Indiana Regional MLS

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
2023 $12,417 $1,170,600 $201,500 $969,100
2022 $24,985 $1,231,400 $201,500 $1,029,900
2021 $23,392 $1,126,000 $201,500 $924,500
2020 $23,328 $1,130,500 $201,500 $929,000
2019 $24,265 $1,151,400 $201,500 $949,900
2018 $19,461 $920,800 $201,500 $719,300
2017 $15,134 $715,400 $201,500 $513,900
2016 $14,586 $701,800 $201,500 $500,300
2014 $8,984 $430,700 $201,500 $229,200
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202409831

Indiana Regional MLS

APN: 53-05-33-310-298.000-005