NOT LISTED FOR SALE

502 W 5th St Marion, IN 46953

Garfield Neighborhood

Estimated Value: $76,085 - $92,000

2 Beds
1 Bath
1,688 Sq Ft
$51/Sq Ft Est. Value

Last Sold November 15, 2022

Last sale price $23,000 $14 Per Sq Ft

Est. 275% increase in value since last sale

Current estimated payment $570/month

35 Days on Market

Highlights

  • Wood Flooring
  • Enclosed Patio or Porch
  • Built-in Bookshelves
  • Corner Lot
  • 1 Car Attached Garage
  • Bungalow

About This Home

As of November 2022

One story, 2 possible 3 bedrooms, natural oak woodwork, enclosed front porch, and enclose porch along the South side of home with no exterior access. Home needs some TLC. Seller will give $10,000 repair allowance with a full price offer.

Last Agent to Sell the Property

Linda Robinson

Central Indiana Homes, LLC Listed on: 08/31/2022

Last Buyer's Agent

Robert Ping

Ping Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,354

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 66x66
  • Corner Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Built-in Bookshelves
  • Living Room with Fireplace

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Partially Finished Basement

  • Block Basement Construction
  • Crawl Space

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Frances Slocum/Justice Elementary School
  • Mcculloch/Justice Middle School
  • Marion High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 27-07-06-301-127.000-002

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,354

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1900
  • Age: 122
  • Style: One Story
  • Architectural Style: Bungalow
  • Total Number of Rooms: 6
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: 16-07-1638.01 S 1/2 LOT 14 WHITES 2ND ADDITION
  • Parcel Number ID: 27-07-06-301-127.000-002
  • Platted: Yes
  • Amenities: Built-In Bookcase, Porch Enclosed
  • Sp Lp Percent: 65.71
  • Year Taxes Payable: 2022
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 4092
  • Total Finished Sq Ft: 1688
  • Above Grade Finished Sq Ft: 1688
  • Above Grade Unfinished Sq Ft: 1688
  • Below Grade Sq Ft: 716
  • Price Per Sq Ft: 13.63
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement, Unfinished
  • Basement Material: Block
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm
  • Fireplace: Yes
  • Flooring: Hardwood Floors, Carpet, Vinyl
  • Living Great Room: Dimensions: 16x13, On Level: Main
  • Kitchen: Dimensions: 16x12, On Level: Main
  • Dining Room: Dimensions: 15x13, On Level: Main
  • Den: Dimensions: 15x10, On Level: Main
  • Bedroom 1: Dimensions: 15x11, On Level: Main
  • Bedroom 2: Dimensions: 19x9, On Level: Main
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 716

Exterior Features

  • Exterior: Aluminum, Brick, Wood
  • Roof Material: Asphalt
  • Outbuilding1: None

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 20x14
  • Garage Sq Ft: 280
  • Garage: Yes

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Electric Company: AEP/I&M
  • Water Company: Marion Utilities

Schools

  • School District: Marion Community Schools
  • Elementary School: Frances Slocum/Justice
  • Middle School: McCulloch/Justice
  • High School: Marion
  • Elementary School: Frances Slocum/Justice

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 66x66
  • Estimated Lot Sq Ft: 4356
  • Estimated Lot Size Acres: 0.1

Tax Info

  • Annual Taxes: 10.57
  • Exemptions: Homestead, Over 65, Supplemental

MLS Schools

  • High School: Marion
  • Middle School: McCulloch/Justice
  • School District: Marion Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2022
Closed on
Nov 15, 2022
Sold by
Thompson Michael
Bought by
502 W 5Th Marion Trust
Seller's Agent
Linda Robinson
Central Indiana Homes, LLC
Buyer's Agent
Robert Ping
Ping Realty, LLC
List Price
$35,000
Sold Price
$23,000
Premium/Discount to List
-$12,000
-34.29%
Views
138
Current Estimated Value
$86,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,271
Avg. Annual Appreciation
58.25%
Source: Public Records

Range of Values:

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Average Value
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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
502 W 5Th Marion Trust -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2022 11/15/22 Sold $23,000 -34.3% $14 / Sq Ft
08/31/2022 08/31/22 For Sale $35,000 -- $21 / 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 $1,354 $67,700 $5,600 $62,100
2023 $1,264 $63,200 $5,600 $57,600
2022 $11 $61,100 $5,500 $55,600
2021 $11 $57,500 $5,500 $52,000
2020 $0 $55,100 $5,500 $49,600
2019 $27 $53,300 $5,500 $47,800
2018 $27 $51,800 $5,500 $46,300
2017 $361 $53,200 $5,500 $47,700
2016 $1,064 $53,200 $5,500 $47,700
2014 $1,060 $53,000 $5,500 $47,500
2013 $1,060 $53,100 $5,500 $47,600
Source: Public Records

Agents Affiliated with this Home

  • Linda Robinson

    Seller's Agent in 2022

    Linda Robinson

    Central Indiana Homes, LLC

    (765) 661-8767

    4 in this area

    64 Total Sales

    Linda Robinson
    Section Image
  • Robert Ping

    Buyer's Agent in 2022

    Robert Ping

    Ping Realty, LLC

    (317) 332-8726

    3 in this area

    110 Total Sales

    Robert Ping
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202236620

Indiana Regional MLS

APN: 27-07-06-301-127.000-002

Indiana Grant County Marion 46953 Garfield

502 W 5th St, Marion, IN

This home is located at 502 W 5th St, Marion, IN 46953 since 31 August 2022 and is currently estimated at $86,271, approximately $51 per square foot. This property was built in 1900. 502 W 5th St is a home located in Grant County with nearby schools including Riverview Elementary School, Justice Thurgood Marshall Intermediate School, and John L. McCulloch Junior High School.

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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