$510,000
SOLD DEC 10, 2025

4977 E State Road 46 Bloomington, IN 47401

4 Beds
3 Baths
3,460 Sq Ft
1 Acres

Recently Sold

$147 Per Sq Ft

15% Below List Price

84 Days on Market

Highlights

  • Vaulted Ceiling
  • Partially Wooded Lot
  • Covered Patio or Porch
  • University Elementary School Rated A
  • Stone Countertops
  • Beamed Ceilings

About This Home

As of December 2025

10% CAP Rate! Two New Homes. One Incredible Opportunity. Welcome to a one-of-a-kind property offering not one, but two fully renovated homes on a single parcel—just minutes from all that Bloomington has to offer. Whether you're looking for a multi-generational setup, a primary home with guest space, or a smart investment opportunity, this property checks every box. Home One is a beautifully updated 3-bedroom, 2-bath residence featuring a brand new roof, new HVAC system, and a stunning open-concept kitchen with quartz countertops. Luxury bathrooms, updated flooring, fresh paint, and modern cabinetry complete the home’s crisp, contemporary feel. Just 200 feet away sits Home Two, a converted barn turned high-end retreat. The upper level offers 1 bedroom, 1 bath, and an open-concept kitchen and living area with new floors, cabinets, and paint. The lower level is a creative flex space—complete with polished concrete floors, panoramic windows overlooking the forest, and a potential office or second bedroom setup. Two covered decks provide plenty of room for entertaining, relaxing, or hosting unforgettable gatherings. Rent this home to pay for your primary? This is more than a home—it’s a lifestyle and an opportunity. Don’t miss it.

Last Agent to Sell the Property

Chris Berg

eXp Realty LLC Brokerage Phone: 812-318-0050 Listed on: 06/24/2025

eXp Realty LLC

Last Buyer's Agent

Steph DiVohl

Cornerstone Realtors

Cornerstone Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,683

Year Built

  • Built in 1930

Lot Details

  • 1 Acre Lot
  • Landscaped
  • Level Lot
  • Irregular Lot
  • Partially Wooded Lot

Home Design

  • Slab Foundation
  • Wood Siding
  • Block Exterior
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Crawl Space
  • Washer Hookup

Kitchen

  • Eat-In Kitchen
  • Kitchen Island
  • Stone Countertops

Flooring

  • Laminate
  • Concrete

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • 8 Parking Spaces
  • Gravel Driveway
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Covered Deck
  • Covered Patio or Porch

Schools

  • University Elementary School
  • Tri-North Middle School
  • Bloomington North High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric, lawn maintenance
  • The owner pays for trash collection, water
  • Assessor Parcel Number 53-05-36-400-021.000-004

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Community Fire Pit

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Maintenance Expense $500
  • Trash Expense $360
  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,683

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1930
  • Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: 012-09910-00 PT SE SE 36-9-1W 1.00A
  • Parcel Number ID: 53-05-36-400-021.000-004
  • Platted: Yes
  • Amenities: Ceiling Fan, Fireplace, Off Street Parking, Cable Available, Ceilings-Beamed, Ceilings-Vaulted, Countertops-Stone, Deck Covered, Eat-In Kitchen, Firepit, Kitchen Island, Landscaped, Porch Covered, Washer Hook-Up
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 4080
  • Total Finished Sq Ft: 3460
  • Above Grade Finished Sq Ft: 3460
  • Above Grade Unfinished Sq Ft: 620
  • Basement Foundation: Crawl, Slab
  • Flooring: Concrete, Laminate, Mixed
  • Number Of Disposals: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Block, Vinyl, Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 8
  • Parking: Gravel, Lot

Utilities

  • Cooling: Central Air, Multiple Cooling Units
  • Heating Fuel: Forced Air
  • Sewer: Septic
  • Water Utilities: City, Public
  • Annual Insurance Expense: 2500
  • Annual Maintenance Expense: 500
  • Annual Trash Expense: 360
  • Annual Water Sewer Expense: 1200
  • Number Electric Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Schools

  • Elementary School: University

Lot Info

  • Lot Description: Irregular, Level, Partially Wooded, Rolling, Slope
  • Estimated Lot Sq Ft: 43560
  • Estimated Lot Size Acres: 1

Rental Info

  • Lease Term: Week to Week, Month to Month, 6 Months, 1 Year, 2 Years, 3 or More Years, Negotiable
  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electric, Lawn Maintenance

Tax Info

  • Annual Property Tax: 2683

Multi Family

  • Number Of Dishwashers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1

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

Listed on
Jul 31, 2024
Closed on
Oct 3, 2024
Sold by
Lou Sizhong
Bought by
9 Up Llc
Seller's Agent
Wanqing (Megan) Dohman
Century 21 Scheetz - Bloomington
Buyer's Agent
Chris Berg
eXp Realty LLC
List Price
$120,000
Sold Price
$120,000
Views
244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
216.71%

Purchase Details

Listed on
Jul 25, 2023
Closed on
Aug 25, 2023
Sold by
Mark Mefford As Pers Rep Of Estate Of Ve
Bought by
Lou Sizhong
Seller's Agent
Joel Clausen
Keller Williams - Indy Metro South LLC
Buyer's Agent
ECBOR NonMember
NonMember ELK
List Price
$300,000
Sold Price
$291,000
Premium/Discount to List
-$9,000
-3%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-54.98%
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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Purchase History

Date Type Sale Price Title Company
Warranty Deed $120,000 Title Alliance Of Indy Metro L
Deed $291,000 Title Alliance Of Indy Metro
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/10/2025 12/10/25 Sold $510,000 -6.4% $147 / Sq Ft
08/01/2025 08/01/25 Price Changed $545,000 -0.9% $158 / Sq Ft
07/22/2025 07/22/25 Price Changed $550,000 -8.2% $159 / Sq Ft
06/24/2025 06/24/25 For Sale $599,000 +399.2% $173 / Sq Ft
10/03/2024 10/03/24 Sold $120,000 0.0% $42 / Sq Ft View Prior Sale
07/31/2024 07/31/24 For Sale $120,000 -58.8% $42 / Sq Ft
08/25/2023 08/25/23 Sold $291,000 -3.0% $70 / Sq Ft View Prior Sale
07/27/2023 07/27/23 Pending -- -- --
07/25/2023 07/25/23 For Sale $300,000 -- $72 / 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 $2,666 $180,000 $52,000 $128,000
2023 $2,683 $173,200 $50,000 $123,200
2022 $2,420 $166,500 $50,000 $116,500
2021 $1,535 $99,300 $45,000 $54,300
2020 $1,525 $94,100 $40,000 $54,100
2019 $1,303 $83,800 $30,000 $53,800
2018 $1,348 $83,700 $30,000 $53,700
2017 $1,346 $83,100 $30,000 $53,100
2016 $1,559 $83,100 $30,000 $53,100
2014 $1,200 $82,200 $30,000 $52,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202524187

Indiana Regional MLS

APN: 53-05-36-400-021.000-004