NOT LISTED FOR SALE

5040 E Mann Rd New Pekin, IN 47165

Estimated Value: $599,000 - $1,038,135

101.5 Acres
$8,065 Price per Acre
4,421,340 Sq Ft Lot

Last Sold December 09, 2019

Last sale price $400,000

Est. 105% increase in value since last sale

Current estimated payment $4,870/month

76 Days on Market

Highlights

  • 1,800 Feet of Waterfront
  • 101.5 Acre Lot
  • Spring water is a source of water for the property
  • East Washington Elementary School Rated 9+
  • Agricultural
  • Creek or Stream

About This Lot

As of December 2019

A COUNTRY GEM. 101.5 acres with tremendous road frontage, 30 ac. of cropland, and additional 20 ac. of shaded pasture. Another 48 ac. of timberland w/several thousand dollars of high quality marketable timber. All of the open land is in grass for hay or pasture along with abundant livestock water from springs and creeks. The 1890 residence is not habitable. There is a cattle/hay pole barn and an equipment shed. Located approx. 1 mile east of St. Rd. 335 at Martinsburg. Electric, public water, and high speed internet are on the farm. Little Bear Creek runs the width of the farm. This is a great location being only 1 mile west of Clark/Wash. Co. line; 1 mile north of the Floyd/Wash. Co. line; 1.5 miles NE of the Harrison/Wash. Co. line

Last Agent to Sell the Property

Ervin Day

Day Company REALTORS Listed on: 09/10/2019

Last Buyer's Agent

Sandra White

Day Company REALTORS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,807

Lot Details

  • 101.5 Acre Lot
  • 1,800 Feet of Waterfront
  • Property fronts a county road
  • Creek or Stream
  • Finished Lot(s)
  • Subdivision Possible
  • Property is zoned A1

Schools

  • East Washington Elementary And Middle School
  • East Washington High School

Farming

  • Agricultural

Utilities

  • Heating System Uses Gas
  • Spring water is a source of water for the property
  • Cistern
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 88-05-07-000-007.000-008

Property Details

Property Type

Land

Est. Annual Taxes

$2,807

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Agricultural Land
  • Waterfront: Yes
  • Legal Description: 21-07-600-007.000-05 SW NW 7-1-5 42.47 AC WH SW 7-1-5 85.97 AC
  • Parcel Number ID: 88-05-07-000-007.000-008
  • Platted: Yes
  • Road Access: County
  • Road Surface: Paved
  • Sp Lp Percent: 94.14
  • Parcel Description: Partially Wooded, 15+
  • Type of Sale: Traditional
  • Can Be Subdivided: Yes
  • Structure Bldg Imprvmnts: Yes
  • Type Use: Agriculture, Recreational, Residential
  • County Zoning: A1
  • Year Taxes Payable: 2019
  • Special Features: None

Exterior Features

  • Water Frontage: 1800
  • Road Frontage: County

Utilities

  • Water Utilities: Cistern, Public, Spring
  • Water Type: Creek
  • Electricity Type: Available
  • Fuel Type: Gas
  • Sewer Type: Septic

Schools

  • School District: East Washington School Corp.
  • Elementary School: East Washington
  • Middle School: East Washington
  • High School: East Washington
  • Elementary School: East Washington

Lot Info

  • Lot Dimensions: 101.5 acres
  • Estimated Lot Sq Ft: 4421340
  • Estimated Lot Size Acres: 101.5

Tax Info

  • Annual Taxes: 2807

Multi Family

  • Water Access: Frontage Lot

MLS Schools

  • High School: East Washington
  • Middle School: East Washington
  • School District: East Washington School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2019
Closed on
Nov 14, 2019
Sold by
Webb Ronald and Webb Sharon
Bought by
Driver Gerald and Driver Patricia
Seller's Agent
Ervin Day
Day Company REALTORS
Buyer's Agent
Sandra White
Day Company REALTORS
List Price
$549,900
Sold Price
$400,000
Premium/Discount to List
-$149,900
-27.26%
Current Estimated Value
$818,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,568
Avg. Annual Appreciation
13.07%

Purchase Details

Closed on
Oct 13, 2017
Sold by
Webb Ronald W
Bought by
Webb Ronald W

Purchase Details

Closed on
Feb 28, 2012
Sold by
Webb John and Webb Elizabeth H
Bought by
Webb John William and Webb Elizabeth Hullar
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
Driver Gerald -- None Available
Webb Ronald W -- None Available
Webb John William -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2019 12/09/19 Sold $400,000 -5.9% --
11/25/2019 11/25/19 Pending -- -- --
10/02/2019 10/02/19 Price Changed $424,900 -15.0% --
09/17/2019 09/17/19 Price Changed $499,900 -9.1% --
09/10/2019 09/10/19 For Sale $549,900 -- --
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 $6,172 $738,000 $122,600 $615,400
2023 $7,611 $678,500 $105,100 $573,400
2022 $7,221 $647,800 $86,700 $561,100
2021 $1,861 $136,100 $77,100 $59,000
2020 $2,682 $133,800 $76,700 $57,100
2019 $2,908 $146,000 $93,200 $52,800
2018 $2,807 $145,100 $95,700 $49,400
2017 $2,791 $159,800 $107,200 $52,600
2016 $2,735 $163,400 $112,600 $50,800
2014 $2,426 $140,900 $91,400 $49,500
2013 $2,077 $124,700 $81,000 $43,700
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2019

    Ervin Day

    Day Company REALTORS

  • S

    Buyer's Agent in 2019

    Sandra White

    Day Company REALTORS

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Map

Source: Indiana Regional MLS

MLS Number: 201939991

Indiana Regional MLS

APN: 88-05-07-000-007.000-008

Indiana Washington County Pekin 47165

5040 E Mann Rd, Pekin, IN

This home is located at 5040 E Mann Rd, New Pekin, IN 47165 since 10 September 2019 and is currently estimated at $818,568. 5040 E Mann Rd is a home located in Washington County with nearby schools including East Washington Elementary School, East Washington Middle School, and Eastern 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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