NOT LISTED FOR SALE

496 E Varsity Ln Bloomington, IN 47408

Estimated Value: $230,780 - $362,000

3 Beds
2.5 Baths
1,380 Sq Ft
$196/Sq Ft Est. Value

Last Sold September 13, 2013

Last sale price $99,000 $72 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $1,757/month

47 Days on Market

Highlights

  • Open Floorplan
  • Backs to Open Ground
  • Forced Air Heating and Cooling System
  • University Elementary School Rated A
  • Breakfast Bar

About This Home

As of September 2013

Great investment property with easy cash flow. Perfect for a first time investor or a student looking to own that first piece of real estate. This unit is currently leased through August of 2014. Across the street from the IU Football Stadium - the location just doesn't get any better than this! HOA is very healthy and maintains the units quite well. No special assessments are expected in the coming years. WIFI is included. Owner is Licensed Real Estate Broker and is the listing agent. This unit is leased at $1,000 per month for August 2013-2014. This property will only be sold in a package with 460 Varsity Lane.

Last Agent to Sell the Property

Tracee Lutes

RE/MAX Acclaimed Properties Listed on: 07/15/2013

RE/MAX Acclaimed Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,918

Year Built

  • Built in 1985

Lot Details

  • 436

HOA Fees

  • $100 Monthly HOA Fees

Home Design

  • Planned Development
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • Open Floorplan
  • Electric Dryer Hookup

Kitchen

  • Breakfast Bar
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

  • Walk-Out Basement
  • Block Basement Construction
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Additional Features

  • Backs to Open Ground
  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 53-01-32-749-061.000-005

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,918

Year Built

Built in 1985

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Condo/Villa
  • Year Built: 1985
  • Age: 28
  • Style: Townhouse
  • Total Number of Rooms: 6
  • Total Number of Rooms Below Grade: 2
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: Varsity Villas Sec 3 Bldg 1 Lot 2
  • Parcel Number ID: 53-01-32-749-061.000-005
  • Platted: Yes
  • Amenities: Breakfast Bar, Cable Ready, Dryer Hook Up Electric, Open Floor Plan, Range/Oven Hook Up Elec
  • Cross Street: Dunn
  • Grid: Northeast Monroe County-B000
  • Investment Property: Yes
  • Location: City/Town/Suburb, Near College Campus, On College Campus
  • Number Below Grade Bedrooms: 1
  • Planned Unit Dev: Yes
  • Sp Lp Percent: 99.05
  • Special Features: None

Interior Features

  • Total Sq Ft: 1380
  • Total Finished Sq Ft: 1380
  • Above Grade Finished Sq Ft: 930
  • Below Grade Finished Sq Ft: 450
  • Price Per Sq Ft: 106.45
  • Basement Foundation: Walk-Out Basement
  • Basement Material: Block
  • Living Great Room: Dimensions: 14x17, On Level: Main
  • Kitchen: Dimensions: 7x13, On Level: Main
  • Bedroom 1: Dimensions: 12x12, On Level: Upper
  • Bedroom 2: Dimensions: 12x12, On Level: Upper
  • Bedroom 3: Dimensions: 22x14, On Level: Upper
  • Main Level Sq Ft: 1380
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 450

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Outbuilding1: None

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Laundry: Dimensions: 6xLower, On Level: 7

Condo/Co-op/Association

  • Association Restrictions: Yes
  • Association Fees: 100
  • Association Fees Frequency: Monthly
  • Other Fee Description: Insurance

Schools

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

Lot Info

  • Lot Dimensions: not applicable
  • Lot Number: 2
  • Zoning: MR Multifamily Residential

Tax Info

  • Annual Taxes: 1918.44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2019
Sold by
Rodecker William
Bought by
University Properties Vi Llc
Current Estimated Value
$270,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000,000
Outstanding Balance
$21,938,143
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
-$21,667,448

Purchase Details

Listed on
Jul 15, 2013
Closed on
Sep 13, 2013
Sold by
C & E Investments Llc
Bought by
Rodecker William
Seller's Agent
Tracee Lutes
RE/MAX Acclaimed Properties
List Price
$99,950
Sold Price
$99,000
Premium/Discount to List
-$950
-0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.69%

Purchase Details

Listed on
Oct 16, 2012
Closed on
Feb 26, 2013
Sold by
Sheikh Sibghat
Bought by
C & E Investments Llc
Seller's Agent
John Goetz
Carpenter, REALTORS-Bloomington
Buyer's Agent
John Goetz
Carpenter, REALTORS-Bloomington
Sold Price
$500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$655,472
Interest Rate
3.49%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 16, 2011
Sold by
Stephenson Randall L and Stephenson Victoria J
Bought by
Sheikh Sibghat
Source: Public Records

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 Buyer Sale Price Title Company
University Properties Vi Llc $335,000 John
Rodecker William -- None Available
C & E Investments Llc -- None Available
Sheikh Sibghat -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open University Properties Vi Llc $25,000,000
Previous Owner C & E Investments Llc $655,472
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2013 09/13/13 Sold $99,000 -1.0% $72 / Sq Ft
08/31/2013 08/31/13 Pending -- -- --
07/15/2013 07/15/13 For Sale $99,950 0.0% $72 / Sq Ft
03/04/2013 03/04/13 Rented $500 -33.3% --
02/02/2013 02/02/13 Under Contract -- -- --
10/16/2012 10/16/12 For Rent $750 -- --
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 $2,712 $132,200 $41,600 $90,600
2023 $1,341 $126,400 $40,000 $86,400
2022 $2,388 $117,700 $40,000 $77,700
2021 $2,210 $106,400 $40,000 $66,400
2020 $2,136 $103,500 $40,000 $63,500
2019 $2,088 $99,300 $40,000 $59,300
2018 $2,093 $99,300 $40,000 $59,300
2017 $2,082 $98,600 $40,000 $58,600
2016 $1,929 $92,800 $40,000 $52,800
2014 $2,123 $101,800 $40,000 $61,800
Source: Public Records

Agents Affiliated with this Home

  • Tracee Lutes

    Seller's Agent in 2013

    Tracee Lutes

    RE/MAX

    (812) 322-2650

    257 Total Sales

    Tracee Lutes
    Section Image

  • J

    Seller's Agent in 2013

    John Goetz

    Carpenter, REALTORS-Bloomington

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201309168

Indiana Regional MLS

APN: 53-01-32-749-061.000-005

Indiana Monroe County Bloomington 47408

496 E Varsity Ln, Bloomington, IN

This home is located at 496 E Varsity Ln, Bloomington, IN 47408 since 15 July 2013 and is currently estimated at $270,695, approximately $196 per square foot. This property was built in 1985. 496 E Varsity Ln is a home located in Monroe County with nearby schools including University Elementary School, Tri-North 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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