NOT LISTED FOR SALE

5007 W Michael Ln Unit 6 Bloomington, IN 47404

Estimated Value: $584,000 - $772,618

1.84 Acres
$355,383 Price per Acre
80,150 Sq Ft Lot

Last Sold August 15, 2017

Last sale price $50,000

Est. 1,208% increase in value since last sale

Current estimated payment $4,484/month

151 Days on Market

About This Lot

As of August 2017

1.84 acres. Very secluded (but near amenities). Available on short-term contract with substantial down payment. Very suitable for walk-out basement. Scenic view - large trees. Nearest homes are 180-200 feet away. All city utilities available. Seller is willing to walk property with qualified prospective buyer and their agent. Single family homes one story in height shall have a ground floor living area, excluding the garage and basement area of not less than 2000 s.f. Single family residences of one and one-half stories shall have a ground floor living area excluding the garage and basement of not less than 1600 s.f. and a total living area of not less than 2400 s.f. Single family residences two stories in height shall have a ground floor living area, excluding garage and basement area of not less than 1200 s.f. and a total living area of not less than 2400 s.f. Split level and bi-level houses shall have a ground floor living area of not less than 1800 s..f. For purposes of these restrictions, the ground floor area shall be determined from the area of the house measured from the outside of the building foundation exclusive of open porches, breezeways, garages, carports, chimney and eves.

Last Agent to Sell the Property

De Ann Wright

Berkshire Hathaway HomeServices Indiana Realty-Bloomington Listed on: 01/17/2017

Last Buyer's Agent

Rita Wilds

RE/MAX Acclaimed Properties

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,089

Lot Details

  • 1.84 Acre Lot
  • Property fronts a county road
  • Finished Lot(s)

Schools

  • Edgewood Elementary And Middle School
  • Edgewood High School

Additional Features

  • Suburban Location
  • Septic System

Community Details

  • Hidden Heights Subdivision
  • The community has rules related to building or community restrictions

Listing and Financial Details

  • Assessor Parcel Number 53-04-14-411-036.000-011

Property Details

Property Type

Land

Est. Annual Taxes

$10,089

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Residential Land
  • Legal Description: Hidden Heights Lot 6 |
  • Parcel Number ID: 53-04-14-411-036.000-011
  • Platted: Yes
  • Cross Street: De Ann Drive
  • Location: Suburb
  • Road Access: County
  • Road Surface: Gravel
  • Sp Lp Percent: 80
  • Parcel Description: Irregular, Partially Wooded, Slope
  • Restrictions: Building Restrictions, SqFt Restrictions
  • Type of Sale: Traditional
  • Options: Sell Entirely
  • Platted Development: Yes
  • Side Of Road: South
  • Type Use: Residential
  • Year Taxes Payable: 2016 payable 2017
  • Special Features: None

Exterior Features

  • Road Frontage: County

Utilities

  • Water Utilities: Available
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Water Company: Ellettsville Water Sewage
  • Cable Company: Smithville Communications
  • Electricity Type: Available
  • Fuel Type: Available
  • Sewer Type: Septic

Schools

  • School District: Richland-Bean Blossom Community Schools
  • Elementary School: Edgewood
  • Middle School: Edgewood
  • High School: Edgewood
  • Elementary School: Edgewood

Lot Info

  • Lot Dimensions: 80x340x547 (see plat)
  • Estimated Lot Sq Ft: 80150
  • Estimated Lot Size Acres: 1.84
  • Lot Number: 6
  • Number Pasture Acres: 0.29
  • Numberwooded Acres: 1.55

Tax Info

  • Annual Taxes: 29.96

MLS Schools

  • High School: Edgewood
  • Middle School: Edgewood
  • School District: Richland-Bean Blossom Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2017
Closed on
Aug 15, 2017
Sold by
Wright David J
Bought by
Barrett Jason T
Seller's Agent
De Ann Wright
Berkshire Hathaway HomeServices Indiana Realty-Bloomington
Buyer's Agent
Rita Wilds
RE/MAX Acclaimed Properties
List Price
$62,500
Sold Price
$50,000
Premium/Discount to List
-$12,500
-20%
Current Estimated Value
$653,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$603,905
Avg. Annual Appreciation
38.75%

Purchase Details

Closed on
Nov 28, 2016
Sold by
Wright David A and Wright Barbara D A
Bought by
Wright David J and David And Barbara Wright Irrevocable Tr
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
Barrett Jason T $50,000 Titleplus
Barrett Jason T $50,000 Titleplus
Wright David J -- None Available
Wright David J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barrett Jason T $460,000
Closed Barrett Jason T $472,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2017 08/15/17 Sold $50,000 -20.0% --
06/17/2017 06/17/17 Pending -- -- --
01/17/2017 01/17/17 For Sale $62,500 -- --
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 $10,089 $631,800 $75,200 $556,600
2023 $10,459 $621,200 $73,700 $547,500
2022 $10,163 $606,100 $72,100 $534,000
2021 $9,394 $535,100 $60,100 $475,000
2020 $9,170 $518,700 $60,100 $458,600
2019 $7,991 $470,400 $52,900 $417,500
2018 $852 $52,900 $52,900 $0
2017 $33 $3,400 $3,400 $0
2016 $64 $3,600 $3,600 $0
2014 $30 $1,800 $1,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201701945

Indiana Regional MLS

APN: 53-04-14-411-036.000-011