NOT LISTED FOR SALE

502 W Main St Danville, IN 46122

Estimated Value: $364,000 - $411,000

6 Beds
3 Baths
4,661 Sq Ft
$82/Sq Ft Est. Value

Last Sold August 26, 2021

Last sale price $270,000 $58 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,782/month

59 Days on Market

Highlights

  • Wood Flooring
  • Covered Patio or Porch
  • 1 Car Detached Garage
  • Danville Middle School Rated A-
  • Wood Frame Window
  • 3-minute walk to Jack Willard Community Park

About This Home

As of August 2021

This property is currently zoned General Business. Contact the Director of Planning at Town of Danville for uses allowed on this property. Unique property with multiple opportunities. The house can be zoned into two separate units for either short term rental or a businesses allowed with the zoning. Upstairs unit would only have kitchenette. 3 full baths and possible total of 6 bedrooms if used as a house. Large dining room/conference room. Hardwood floors throughout. New Fireplace.

Full basement with separate access. New thermal windows on 2nd floor. Newer HVAC w/wifi thermostat (2014). Newer roof (2014). All knob and tube wiring removed. 200 amp service. Fully fenced in back yard.

Property to be sold in "As-Is" condition.

Last Agent to Sell the Property

Gerald Vornholt

Vornholt & Associates License #RB14024341 Listed on: 06/12/2021

Last Buyer's Agent

Gerald Vornholt

Vornholt & Associates License #RB14024341 Listed on: 06/12/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,704

Year Built

  • Built in 1926

Lot Details

  • 9,148

Parking

  • 1 Car Detached Garage

Home Design

  • Concrete Perimeter Foundation
  • Stone

Interior Spaces

  • 2-Story Property
  • Self Contained Fireplace Unit Or Insert
  • Thermal Windows
  • Wood Frame Window
  • Living Room with Fireplace
  • Wood Flooring
  • Permanent Attic Stairs

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Lookout

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Programmable Thermostat
  • Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • 9,148 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 321104470007000003

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,704

Year Built

Built in 1926

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Arts&Crafts/Craftsman
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1926
  • Building Area Total: 4661
  • Garage Y N: Yes
  • Lot Size Acres: 0.21
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: SeeRemarks
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full, Unfinished, Daylight/Lookout Windows
  • Appliances: Dishwasher, Dryer, Disposal, Microwave, Electric Oven, Refrigerator, Washer
  • Levels: Two
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: Insert, Living Room
  • Fireplaces: 1
  • Interior Amenities: Attic Stairway, Hardwood Floors, Windows Thermal, Windows Wood
  • Other Equipment: CO Detectors, Smoke Detector, Programmable Thermostat
  • Eating Area: Formal Dining Room,Other Eating Area
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 2904
  • Main Level Sq Ft: 1756
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Breakfast Bar
  • Below Grade Sq Ft: 1757
  • Upper Level Sq Ft: 1148
  • Pct Optional Level Finished: 0-25%

Exterior Features

  • Construction Materials: Stone, Other
  • Disclosures: Not Applicable
  • Foundation Details: Concrete Perimeter, Full
  • List Price: 287900
  • Association Maintained Building Exterior: 0
  • Porch: Covered Porch

Garage/Parking

  • Garage Spaces: 1
  • Fuel: Gas
  • Garage Parking Description: Detached
  • Garage Sq Ft: 240

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 321104470007000003
  • Acres: <1/4 Acre
  • Lot Information: Corner,Curbs,Sidewalks,Street Lights
  • Lot Number: 1
  • Lot Size: 9,148

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 4704
  • Semi Annual Property Tax Amt: 2352
  • Tax Exemption: None

MLS Schools

  • School District: Danville Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2021
Closed on
Aug 26, 2021
Sold by
Vornholt Gerald W
Bought by
100 Acre Investments Llc
Seller's Agent
Gerald Vornholt
Vornholt & Associates
Buyer's Agent
Gerald Vornholt
Vornholt & Associates
List Price
$287,900
Sold Price
$270,000
Premium/Discount to List
-$17,900
-6.22%
Current Estimated Value
$382,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,211
Avg. Annual Appreciation
8.92%

Purchase Details

Listed on
Dec 14, 2018
Closed on
Oct 4, 2019
Sold by
Sne Investments Llc
Bought by
Vornholt Gerald W
Seller's Agent
Gerald Vornholt
Vornholt & Associates
Buyer's Agent
Gerald Vornholt
Vornholt & Associates
List Price
$285,000
Sold Price
$135,000
Premium/Discount to List
-$150,000
-52.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.48%
Interest Rate
3.65%

Purchase Details

Closed on
May 9, 2016
Sold by
Hedges Suzy M and Hedges Joshua
Bought by
Sne Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 9, 2010
Sold by
Hedges Stephen J and Hedges Suzy M
Bought by
Hedges Stephen J and Hedges Suzy M

Purchase Details

Closed on
Jun 15, 2010
Sold by
Hedges Stephen J and Hedges Suzy M
Bought by
Hedges Stephen J and Hedges Suzy M
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
100 Acre Investments Llc $270,000 None Available
Vornholt Gerald W $135,000 None Available
Vornholt Gerald W $135,000 --
Sne Investments Llc -- Fidelity National Title
Hedges Stephen J -- None Available
Hedges Stephen J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 100 Acre Investments Llc $520,000
Previous Owner Vornholt Gerald W --
Previous Owner Sne Investments Llc $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2021 08/26/21 Sold $270,000 -6.2% $58 / Sq Ft
08/10/2021 08/10/21 Pending -- -- --
06/12/2021 06/12/21 For Sale $287,900 +113.3% $62 / Sq Ft
09/27/2019 09/27/19 Sold $135,000 -51.8% $29 / Sq Ft
05/30/2019 05/30/19 Price Changed $280,000 -1.8% $60 / Sq Ft
12/14/2018 12/14/18 For Sale $285,000 -- $61 / 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 $8,574 $401,800 $90,700 $311,100
2023 $8,355 $379,000 $90,700 $288,300
2022 $5,674 $283,700 $27,200 $256,500
2021 $5,102 $255,100 $27,200 $227,900
2020 $4,705 $197,700 $35,500 $162,200
2019 $4,671 $195,000 $35,500 $159,500
2018 $4,419 $182,900 $35,500 $147,400
2017 $3,674 $166,200 $35,500 $130,700
2016 $2,325 $166,200 $35,500 $130,700
2014 $2,579 $165,100 $35,500 $129,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21790829

MIBOR Broker Listing Cooperative®

APN: 32-11-04-470-007.000-003