NOT LISTED FOR SALE

502 W Powerline Rd Bedford, IN 47421

Estimated Value: $397,000 - $742,000

4 Beds
6 Baths
4,922 Sq Ft
$121/Sq Ft Est. Value

Last Sold July 22, 2024

Last sale price $650,000 $132 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $3,707/month

35 Days on Market

Highlights

  • Primary Bedroom Suite
  • Ranch Style House
  • 3 Car Detached Garage
  • Living Room with Fireplace
  • Enclosed Patio or Porch
  • Bar

About This Home

As of July 2024

This spacious and luxurious property features a 4-bedroom, 4.5-bath, 4,922 sf with 360 sf of bonus unfinished space above garage with the possibility of 3 extra bedrooms in basement. This home sets on 4.9 acres of fenced clover pasture with an orchard and blackberries and gorgeous landscaping. The residence boasts a long winding asphalt driveway leading to a 3-car attached garage and a 2-car detached garage, providing ample parking and storage. Additionally, there's a pole barn with wood stove and lean-to and a 12 x 20 shed for extra storage or hobby needs. Inside, you'll find quartz countertops, 10-foot ceilings, gorgeous floor to ceiling stone fireplaces, custom mudroom built-ins, a luxurious en-suite primary bedroom offers a private retreat with soaker tub and tiled walk-in shower, while the screened gazebo and back porch provides an ideal spot for outdoor relaxation. This property combines luxury and practicality, making it an exceptional place to call home with 2 x 6 exterior wall construction for added R-value and unbeatable temperature retention. Comes with an America's Preferred Home Warranty!

Last Agent to Sell the Property

Amanda Childers

Hawkins & Root Real Estate Brokerage Phone: 812-675-6952 Listed on: 06/17/2024

Last Buyer's Agent

Vickie Cosner

Williams Carpenter Realtors

Williams Carpenter Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,200

Year Built

  • Built in 2017

Lot Details

  • 4.9 Acre Lot
  • Property is Fully Fenced
  • Electric Fence
  • Landscaped

Parking

  • 3 Car Detached Garage
  • Driveway

Home Design

  • Ranch Style House
  • Poured Concrete
  • Shingle Roof
  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • Bar
  • Living Room with Fireplace
  • 2 Fireplaces
  • Breakfast Bar

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite

Finished Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement
  • 1 Bathroom in Basement

Schools

  • Shawswick Elementary School
  • Bedford Middle School
  • Bedford-North Lawrence High School

Utilities

  • Central Air
  • Septic System

Additional Features

  • Enclosed Patio or Porch
  • Pasture

Listing and Financial Details

  • Assessor Parcel Number 47-07-02-300-019.000-009

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,200

Year Built

Built in 2017

Lot Details

0

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 2017
  • Age: 7
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 14
  • Total Number of Rooms Below Grade: 4
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 6
  • Total Full Bathrooms: 4
  • Total Number of Half Bathrooms: 2
  • Legal Description: SEC 2 TWP 5 R1E; 2A W CENT PT W 1/2 NW SW & SEC 11 TWP 5 R1E 2.88A NW COR SW
  • Parcel Number ID: 47-07-02-300-019.000-009
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Bar, Breakfast Bar, Landscaped, Porch Covered, Porch Enclosed, Main Level Bedroom Suite
  • Sp Lp Percent: 100
  • Year Taxes Payable: 2024
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 5282
  • Total Finished Sq Ft: 4922
  • Above Grade Finished Sq Ft: 2346
  • Below Grade Finished Sq Ft: 2576
  • Above Grade Unfinished Sq Ft: 360
  • Price Per Sq Ft: 277.07
  • Basement: Yes
  • Basement Foundation: Full Basement, Finished
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 2
  • Fireplace: Living/Great Rm, Basement
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Bedroom 1: Dimensions: 14x14, On Level: Main
  • Bedroom 2: Dimensions: 12x13, On Level: Main
  • Bedroom 3: Dimensions: 12x12, On Level: Main
  • Bedroom 4: Dimensions: 8x10, On Level: Main
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 3
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 2576

Exterior Features

  • Exterior: Stone, Vinyl
  • Roof Material: Dimensional Shingles
  • Outbuilding1: Pole/Post Building, Dimensions: 24x30
  • Fence: Electric, Full

Garage/Parking

  • Driveway: Asphalt
  • Garage Type: Detached
  • Garage Number Of Cars: 3
  • Garage Size: Dimensions: 24x32
  • Garage Sq Ft: 768
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electric
  • Sewer: Septic
  • Water Utilities: Public
  • Electric Company: Jackson Co REMC
  • Water Company: E Lawrence Water

Schools

  • School District: North Lawrence Community Schools
  • Elementary School: Shawswick
  • Middle School: Bedford
  • High School: Bedford-North Lawrence
  • Elementary School: Shawswick

Lot Info

  • Lot Description: 3-5.9999, Pasture
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 213444
  • Estimated Lot Size Acres: 4.9

Tax Info

  • Annual Taxes: 5200.02

MLS Schools

  • High School: Bedford-North Lawrence
  • Middle School: Bedford
  • School District: North Lawrence Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2024
Closed on
Jul 22, 2024
Sold by
Knox Lynn H and Knox Richard L
Bought by
Dunham Gary W and Dunham Debra K
Seller's Agent
Amanda Childers
Hawkins & Root Real Estate
Buyer's Agent
Vickie Cosner
Williams Carpenter Realtors
List Price
$650,000
Sold Price
$650,000
Views
2
Current Estimated Value
$596,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$53,003
Avg. Annual Appreciation
-22.20%

Purchase Details

Listed on
Oct 30, 2020
Closed on
Jan 19, 2021
Sold by
Shirley T
Bought by
Shirley Justin K
Seller's Agent
Christina Root
Hawkins & Root Real Estate
Buyer's Agent
Stacy Lafferty
RE/MAX Acclaimed Properties
List Price
$489,900
Sold Price
$490,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.07%
Original Mortgage
$392,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 30, 2020
Closed on
Jan 15, 2021
Sold by
Shirley T
Bought by
Preston Sam and Preston Jodi
Seller's Agent
Christina Root
Hawkins & Root Real Estate
Buyer's Agent
Stacy Lafferty
RE/MAX Acclaimed Properties
List Price
$489,900
Sold Price
$490,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 30, 2020
Closed on
Dec 3, 2020
Sold by
Shirley Justin K and Shirley Danielle L
Bought by
Preston Sam and Preston Jodi
Seller's Agent
Christina Root
Hawkins & Root Real Estate
Buyer's Agent
Stacy Lafferty
RE/MAX Acclaimed Properties
List Price
$489,900
Sold Price
$490,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
2.7%
Mortgage Type
New Conventional
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
Dunham Gary W $650,000 Classic Title Inc
Shirley Justin K -- None Available
Preston Sam -- None Available
Preston Sam -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Preston Sam $392,000
Previous Owner Shirley Justin K $360,000
Previous Owner Shirley Justin K $20,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2024 07/22/24 Sold $650,000 0.0% $132 / Sq Ft
06/17/2024 06/17/24 For Sale $650,000 +17.1% $132 / Sq Ft
12/11/2022 12/11/22 Sold $555,000 -7.3% $106 / Sq Ft
11/03/2022 11/03/22 Price Changed $599,000 -6.4% $115 / Sq Ft
10/10/2022 10/10/22 Price Changed $640,000 -4.3% $122 / Sq Ft
08/24/2022 08/24/22 Price Changed $669,000 -3.7% $128 / Sq Ft
08/03/2022 08/03/22 For Sale $695,000 +41.8% $133 / Sq Ft
12/03/2020 12/03/20 Sold $490,000 0.0% $100 / Sq Ft
12/02/2020 12/02/20 Pending -- -- --
10/30/2020 10/30/20 For Sale $489,900 -- $100 / 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 $5,442 $586,200 $23,800 $562,400
2023 $5,200 $534,800 $23,000 $511,800
2022 $5,219 $497,600 $22,200 $475,400
2021 $4,366 $439,800 $18,400 $421,400
2020 $2,738 $285,800 $17,900 $267,900
2019 $2,644 $271,300 $17,300 $254,000
2018 $2,596 $264,600 $17,000 $247,600
2017 $210 $24,200 $16,300 $7,900
2016 $120 $18,700 $11,600 $7,100
2014 $130 $18,800 $11,000 $7,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202422180

Indiana Regional MLS

APN: 47-07-02-300-019.000-009