NOT LISTED FOR SALE

431 Pursell Ln Spencer, IN 47460

Estimated Value: $171,000 - $260,397

2 Beds
2 Baths
1,214 Sq Ft
$184/Sq Ft Est. Value

Last Sold March 30, 2016

Last sale price $265,000 $218 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $1,341/month

213 Days on Market

Highlights

  • Horse Facilities
  • 69.57 Acre Lot
  • Partially Wooded Lot
  • Primary Bedroom Suite
  • Living Room with Fireplace
  • Vaulted Ceiling

About This Home

As of March 2016

Own a piece of Owen County history with this pre-Civil War, updated cabin on 70 acres just minutes from downtown Spencer. The original cabin featuresl log walls, poplar floors and stone fireplace with updated gas insert. The staircase leads to a loft bedroom with vaulted ceilings. An inscription in the original exterior wall reads, "DORA B. Wood WAS BORND MAY 8, 1861, below it says CHARLEY WOOD. The home has been expanded and modernized with an Amish built addition using wood harvested from the property. It features a large bath with poplar vanity and jetted tub. The master suite has an en suite bath and walk in closet. The large, eat in kitchen has poplar cabinets and modern appliances including a dishwasher, and vaulted ceilings. There is a laundry room and large pantry off the kitchen. Poplar flooring throughout and cabinetry was harvested on the property. Owner has installed a no salt water softener. There is a 3 car garage near the cabin with concrete floors and a hawk's cage which could be converted to a chicken coop or screened porch. An additional 20 by 30 outbuilding could be used for livestock or horses and has an adjoining greenhouse. The acreage features almost 10 acres of pasture surrounding the home with persimmon, apple, pear and paw paw trees as well as ample garden space and landscaping. The remaining acreage is rolling woodlands with hardwoods such as walnut, cherry and sugar maples. The forest can be timbered in 4-5 years. The owners have reclaimed the riding and hiking trails through the woods. The property is situated at the end of the road offering privacy. This is truly a little piece of paradise less than 30 minutes from downtown Bloomington. Note: lady sculpture, cameras and bell are excluded

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $975

Year Built

  • Built in 1860

Lot Details

  • 69.57 Acre Lot
  • Lot Has A Rolling Slope
  • Partially Wooded Lot

Parking

  • 3 Car Detached Garage
  • Garage Door Opener

Home Design

  • Log Cabin
  • Log Siding

Interior Spaces

  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Living Room with Fireplace
  • Workshop
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Bathtub With Separate Shower Stall
  • Garden Bath

Laundry

  • Laundry on main level
  • Washer and Gas Dryer Hookup

Basement

  • Block Basement Construction
  • Crawl Space

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Private Company Owned Well
  • Well
  • Septic System

Additional Features

  • Covered Patio or Porch
  • Pasture

Community Details

  • Horse Facilities

Listing and Financial Details

  • Assessor Parcel Number 60-17-04-300-180.000-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$975

Year Built

Built in 1860

Lot Details

0

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1860
  • Age: 156
  • Architectural Style: Log
  • Total Number of Rooms: 5
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Pt N 1/2 SE 5-9-3 (29.57 Acres) & Pt NW SW 4-9-3 (40 Acres)
  • Parcel Number ID: 60-17-04-300-180.000-016
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Ceilings-Vaulted, Dryer Hook Up Electric, Dryer Hook Up Gas, Eat-In Kitchen, Garage Door Opener, Jet/Garden Tub, Kitchen Island, Natural Woodwork, Near Walking Trail, Porch Covered, Range/Oven Hook Up Gas, Stand Up Shower, Tub and Separate Shower, Workshop, Main Level Bedroom Suite, Main Floor Laundry, Washer Hook-Up
  • Cross Street: Braysville Rd
  • Grid: Spencer(OW)
  • Location: Near Walking Trail
  • Parcel Id2: 601705400230000016
  • Section Number: 5
  • Sp Lp Percent: 96.4
  • Special Features: None

Interior Features

  • Total Sq Ft: 1214
  • Total Finished Sq Ft: 1214
  • Above Grade Finished Sq Ft: 1214
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Fireplace: Living/Great Rm
  • Flooring: Hardwood Floors
  • Living Great Room: Dimensions: 17x16, On Level: Main
  • Kitchen: Dimensions: 9x20, On Level: Main
  • Bedroom 1: Dimensions: 10x10, On Level: Main
  • Bedroom 2: Dimensions: 15x16, On Level: Upper
  • Main Level Sq Ft: 974
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Exterior: Log
  • Outbuilding1: Pole/Post Building, Dimensions: 30x20

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 3
  • Garage Size: Dimensions: 50x25
  • Garage Sq Ft: 1250

Utilities

  • Cooling: Central Air
  • Heating Fuel: Propane, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: REMC
  • Gas Company: Amerigas
  • Hvac: Ceiling Fan
  • Laundry: Dimensions: 7xMain, On Level: 10
  • Well Type: Private

Condo/Co-op/Association

  • Common Amenities: Horse Facilities

Schools

  • School District: Spencer-Owen Community Schools
  • Elementary School: Mccormicks Creek
  • Middle School: Owen Valley
  • High School: Owen Valley

Lot Info

  • Lot Description: Partially Wooded, Rolling, Pasture, Wooded
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 3030469
  • Estimated Lot Size Acres: 69.57

Tax Info

  • Annual Taxes: 975.28
  • Exemptions: Homestead, Mortgage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2015
Closed on
Mar 30, 2016
Sold by
Roberts Katherine I
Bought by
Marzano Mark and Marzano Julie
List Price
$274,900
Sold Price
$265,000
Premium/Discount to List
-$9,900
-3.6%
Current Estimated Value
$223,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$41,151
Avg. Annual Appreciation
-1.50%
Original Mortgage
$145,000
Outstanding Balance
$70,942
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$158,701
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
Marzano Mark -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marzano Mark $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2016 03/30/16 Sold $265,000 -3.6% $218 / Sq Ft
02/05/2016 02/05/16 Pending -- -- --
07/07/2015 07/07/15 For Sale $274,900 -- $226 / 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 $1,784 $132,700 $24,300 $108,400
2023 $1,808 $126,000 $24,300 $101,700
2022 $1,921 $125,100 $24,300 $100,800
2021 $1,491 $85,600 $24,300 $61,300
2020 $1,444 $84,000 $24,700 $59,300
2019 $1,346 $74,300 $17,900 $56,400
2018 $1,508 $82,900 $16,000 $66,900
2017 $1,290 $72,000 $16,000 $56,000
2016 $787 $96,500 $41,200 $55,300
2014 $807 $100,200 $41,600 $58,600
2013 -- $95,800 $40,200 $55,600
Source: Public Records

Map

Source: Indiana Regional MLS

MLS Number: 201532527

Indiana Regional MLS

APN: 60-17-05-400-230.000-016