NOT LISTED FOR SALE

505 Madison St Rochester, IN 46975

Estimated Value: $155,000

0.31 Acre
$500,000 Price per Acre
13,504 Sq Ft Lot

Last Sold August 13, 2019

Last sale price $7,000 $13 Per Sq Ft

Est. 2,114% increase in value since last sale

Current estimated payment $887/month

809 Days on Market

About This Lot

As of August 2019

VACANT LOT ZONED COMMERCIAL IN TOWN with Road Frontage on 3 sides. Convenient location! Close to shopping and restaurants.

Last Agent to Sell the Property

Karen Benner

Listing Leaders, NCI-Plymouth Listed on: 05/05/2017

Listing Leaders, NCI-Plymouth

Last Buyer's Agent

Gwen Hornstein

Rochester Realty, LLC

Property Details

Property Type

  • Land

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 82 x 154
  • Finished Lot(s)
  • Property is zoned C1

Parking

  • On-Street Parking

Listing and Financial Details

  • Assessor Parcel Number 25-07-92-204-001.000-009

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Commercial Land
  • Legal Description: LOT 49 NP |
  • Parcel Number ID: 25-07-92-204-001.000-009
  • Platted: Yes
  • Inside City Limits: Yes
  • Location: City
  • Road Access: City
  • Road Surface: Paved
  • Sp Lp Percent: 63.64
  • Parcel Description: Corner, Level
  • Type of Sale: Traditional
  • Side Of Road: East
  • Type Use: Commercial
  • Special Features: None

Exterior Features

  • Road Frontage: City

Garage/Parking

  • Parking: Street

Utilities

  • Water Utilities: Available
  • Sewer Type: City

Schools

  • School District: Rochester Community School Corp.
  • Elementary School: Columbia / Riddle
  • Middle School: Rochester
  • High School: Rochester

Lot Info

  • Lot Dimensions: 82 x 154
  • Estimated Lot Sq Ft: 13504
  • Estimated Lot Size Acres: 0.31

Tax Info

  • Annual Taxes: 323

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2020
Sold by
Tracy Overmyer
Bought by
Gibson Michael P
Current Estimated Value
$155,000

Purchase Details

Listed on
May 5, 2017
Closed on
Aug 13, 2019
Sold by
Costello Harolde G
Bought by
Yummygirl Investments Llc
Seller's Agent
Karen Benner
Listing Leaders, NCI-Plymouth
Buyer's Agent
Gwen Hornstein
Rochester Realty, LLC
List Price
$25,000
Sold Price
$7,000
Premium/Discount to List
-$18,000
-72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.67%

Purchase Details

Listed on
Nov 8, 2012
Closed on
Feb 15, 2013
Sold by
Tom D Ginther
Bought by
Steven J Gottschalk
Seller's Agent
KENNETH GENTRY
HELT REALTY, INC.
Buyer's Agent
Steve Gottschalk
Listing Leaders, NCI-Rochester
List Price
$20,000
Sold Price
$20,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-14.94%
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
Gibson Michael P $11,500 --
Yummygirl Investments Llc $7,000 --
Steven J Gottschalk $20,000 Fretz Abstract
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/13/2019 08/13/19 Sold $7,000 -36.4% $13 / Sq Ft
07/23/2019 07/23/19 Pending -- -- --
07/12/2019 07/12/19 Price Changed $11,000 -35.3% $21 / Sq Ft
06/16/2019 06/16/19 Price Changed $17,000 -14.6% $32 / Sq Ft
04/12/2019 04/12/19 Price Changed $19,900 -20.4% $38 / Sq Ft
11/09/2018 11/09/18 For Sale $25,000 -28.6% $48 / Sq Ft
11/03/2018 11/03/18 Pending -- -- --
05/05/2017 05/05/17 For Sale $35,000 +75.0% $67 / Sq Ft
02/15/2013 02/15/13 Sold $20,000 0.0% $14 / Sq Ft View Prior Sale
11/30/2012 11/30/12 Pending -- -- --
11/08/2012 11/08/12 For Sale $20,000 -- $14 / 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 $891 $43,600 $13,300 $30,300
2023 $969 $44,000 $13,300 $30,700
2022 $1,008 $45,700 $13,300 $32,400
2021 $976 $40,500 $13,300 $27,200
2020 $333 $13,300 $13,300 $0
2019 $320 $13,300 $13,300 $0
2018 $327 $13,300 $13,300 $0
2017 $314 $13,300 $13,300 $0
2016 $323 $13,300 $13,300 $0
2014 $276 $13,300 $13,300 $0
2013 $276 $41,700 $16,600 $25,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201719644

Indiana Regional MLS

APN: 25-07-92-204-001.000-009