$230,000
SOLD DEC 31, 2024

501 E 2nd St Sheridan, IN 46069

4 Beds
1 Bath
2,360 Sq Ft
2,460 Sq Ft Lot

Recently Sold

$97 Per Sq Ft

2% Below List Price

58 Days on Market

Highlights

  • Mature Trees
  • Corner Lot
  • Covered Patio or Porch
  • Traditional Architecture
  • No HOA
  • Breakfast Room

About This Home

As of December 2024

Step into this charming 4-bedroom, 1-bathroom home boasting a generous 2,960 sqft of living space, offering endless possibilities for family fun and activities! Nestled on a corner lot, this property features a detached garage transformed into a fully-functional 1-bedroom, 1-bathroom apartment-perfect for generating passive income or housing guests. Imagine hosting family gatherings in your fully fenced backyard, providing a safe and private space for outdoor enjoyment. With no HOA restrictions, you have the freedom to personalize your property to your heart's content! This unique setup not only provides ample space for your family to thrive but also creates an excellent investment opportunity for those looking to expand their portfolio. Whether you're a first-time buyer or a seasoned investor, this home could be the perfect blend of comfort and income potential. Don't let this remarkable opportunity slip away-seize the chance to make this versatile property your own!

Last Agent to Sell the Property

Chelsi Kitchen

Highgarden Real Estate Brokerage Email: ckitchen@highgarden.com License #RB21002762 Listed on: 09/24/2024

Last Buyer's Agent

Holly Martin

Keller Williams Indpls Metro N License #RB14038610

Keller Williams Indpls Metro N

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,678

Year Built

  • Built in 1940

Lot Details

  • 2,460 Sq Ft Lot
  • Corner Lot
  • Mature Trees

Parking

  • 2 Car Garage
  • Carport

Home Design

  • Traditional Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Built-in Bookshelves
  • Woodwork
  • Wood Frame Window
  • Breakfast Room
  • Utility Room
  • Storm Windows

Kitchen

  • Double Oven
  • Electric Oven
  • Electric Cooktop
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • In-Law or Guest Suite
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Sump Pump
  • Crawl Space

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Pearson Subdivision

Listing and Financial Details

  • Tax Lot 290132107027000002
  • Assessor Parcel Number 290132107027000002
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,678

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1940
  • Building Area Total: 2960
  • Garage Y N: No
  • Lot Size Acres: 0.13
  • On Market Date: 2024-09-24
  • Subdivision Name: Pearson
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: ckitchen@highgarden.com
  • Attribution Contact: ckitchen@highgarden.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Appliances: Electric Cooktop, Dryer, Electric Water Heater, Disposal, Double Oven, Electric Oven, Refrigerator, Washer, Water Heater
  • Levels: Two
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 4
  • Interior Amenities: Built In Book Shelves, Storms Some, Windows Wood, Wood Work Painted, Hi-Speed Internet Availbl, In-Law Arrangement
  • Living Area: 2360
  • Main Level Bedrooms: 2
  • Other Equipment: Sump Pump
  • Areas Interior: Utility Room
  • Eating Area: Breakfast Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1344
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 1016
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Fencing: Fence Full Rear
  • Foundation Details: Block, Crawl Space
  • List Price: 235000
  • Patio And Porch Features: Covered Patio

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Carport, Concrete

Utilities

  • Utilities: Cable Available, Electricity Connected, Gas Nearby
  • Cooling: Central Electric, Wall Unit(s)
  • Heating: Forced Air, Oil
  • Laundry Features: Main Level
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Lot Features: Corner Lot, Sidewalks, Street Lights, Mature Trees
  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 2460
  • Parcel Number: 290132107027000002
  • Acres: <1/4 Acre
  • Price Acre: 1769231

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 4678
  • Tax Lot: 290132107027000002
  • Semi Annual Property Tax Amt: 2339
  • Tax Exemption: Homestead Tax Exemption

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2024
Closed on
Dec 31, 2024
Sold by
Blocher Melissa and Gonzalez Melissa Jean
Bought by
Williams Micah and Williams Savannah
Seller's Agent
Chelsi Kitchen
Highgarden Real Estate
Buyer's Agent
Holly Martin
Keller Williams Indpls Metro N
List Price
$235,000
Sold Price
$230,000
Premium/Discount to List
-$5,000
-2.13%
Views
84
Current Estimated Value
$233,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,372
Avg. Annual Appreciation
2.26%
Original Mortgage
$218,500
Outstanding Balance
$217,184
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$16,188

Purchase Details

Listed on
Dec 1, 2015
Closed on
Mar 18, 2016
Sold by
Ilnman Shirley Ann
Bought by
Blocher Melissa
Seller's Agent
Rick Hogge
Keller Williams Indpls Metro N
Buyer's Agent
Bradley Gartenman
Main Street Realty, LLC.
List Price
$80,000
Sold Price
$80,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.77%
Original Mortgage
$78,551
Interest Rate
4.37%
Mortgage Type
FHA
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Chicago Title
Warranty Deed $230,000 Chicago Title
Warranty Deed -- Hamilton National Title Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $218,500 New Conventional
Closed $218,500 New Conventional
Previous Owner $119,454 FHA
Previous Owner $70,729 FHA
Previous Owner $78,551 FHA
Previous Owner $20,000 Credit Line Revolving
Previous Owner $15,000 Unknown
Previous Owner $17,465 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2024 12/31/24 Sold $230,000 -2.1% $97 / Sq Ft
11/21/2024 11/21/24 Pending -- -- --
10/11/2024 10/11/24 For Sale $235,000 +2.2% $100 / Sq Ft
10/01/2024 10/01/24 Off Market $230,000 -- --
09/25/2024 09/25/24 Pending -- -- --
09/24/2024 09/24/24 For Sale $235,000 +193.8% $100 / Sq Ft
03/18/2016 03/18/16 Sold $80,000 0.0% $27 / Sq Ft
03/05/2016 03/05/16 Pending -- -- --
01/08/2016 01/08/16 Off Market $80,000 -- --
12/01/2015 12/01/15 For Sale $80,000 -- $27 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $2,530 $189,200 $28,400 $160,800
2023 $2,555 $183,400 $28,400 $155,000
2022 $2,340 $165,900 $28,400 $137,500
2021 $2,174 $154,100 $28,400 $125,700
2020 $2,080 $148,700 $28,400 $120,300
2019 $2,158 $153,000 $11,900 $141,100
2018 $1,992 $141,800 $11,900 $129,900
2017 $1,720 $126,900 $11,900 $115,000
2016 $1,666 $127,200 $11,900 $115,300
2014 $697 $115,100 $20,100 $95,000
2013 $697 $109,800 $20,100 $89,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22002545

MIBOR Broker Listing Cooperative®

APN: 29-01-32-107-027.000-002