4977 E State Road 46 Bloomington, IN 47401
Estimated payment $3,542/month
Total Views
16,601
4
Beds
3
Baths
3,460
Sq Ft
$173
Price per Sq Ft
Highlights
- Vaulted Ceiling
- Partially Wooded Lot
- Covered patio or porch
- University Elementary School Rated A
- Stone Countertops
- Beamed Ceilings
About This Home
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.
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
- 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
Map
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Home Values in the Area
Average Home Value in this Area
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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/22/2025 06/22/25 | Price Changed | $599,000 | -2.6% | $173 / Sq Ft |
| 06/12/2025 06/12/25 | For Sale | $615,000 | +412.5% | $178 / Sq Ft |
| 10/03/2024 10/03/24 | Sold | $120,000 | 0.0% | $42 / Sq Ft |
| 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 |
| 07/27/2023 07/27/23 | Pending | -- | -- | -- |
| 07/25/2023 07/25/23 | For Sale | $300,000 | -- | $72 / Sq Ft |
Source: Indiana Regional MLS
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
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $29,300 | New Conventional | |
| Previous Owner | $91,500 | Unknown | |
| Previous Owner | $62,000 | New Conventional |
Source: Public Records
Similar Homes in Bloomington, IN
Source: Indiana Regional MLS
MLS Number: 202524187
APN: 53-05-36-400-021.000-004
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