NOT LISTED FOR SALE

506 S Main St Farmland, IN 47340

Estimated Value: $93,964 - $126,000

3 Beds
1 Bath
1,224 Sq Ft
$87/Sq Ft Est. Value

Last Sold June 05, 2020

Last sale price $49,000 $40 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $638/month

155 Days on Market

Highlights

  • Formal Dining Room
  • Utility Sink
  • Bungalow
  • 2 Car Detached Garage
  • Eat-In Kitchen
  • Forced Air Heating System

About This Home

As of June 2020

Don't miss out on living the affordable, small-town life! New paint and other recent upgrades can be found in this 3 bed/1 bath home. There is a sizeable 21'x10' living room, separate dining area, and utility room in the home and a large 2-story, 2-car garage with large back yard outside. All of these things and the Monroe Central school system make for a great place to live!

Last Listed By

Curtis Cunningham

Wagner Auctioneering and Real Estate Listed on: 11/21/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $442

Year Built

  • Built in 1890

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 84x190
  • Partially Fenced Property
  • Privacy Fence
  • Wood Fence
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Bungalow
  • Shingle Roof
  • Asphalt Roof
  • Metal Roof
  • Wood Siding
  • Shingle Siding
  • Vinyl Construction Material

Interior Spaces

  • 1,224 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Formal Dining Room
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Laminate Countertops
  • Utility Sink

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Electric Dryer Hookup

Location

  • Suburban Location

Schools

  • Monroe Central Elementary And Middle School
  • Monroe Central High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 68-07-13-475-085.000-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$442

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1890
  • Age: 130
  • Style: One and Half Story
  • Architectural Style: Bungalow
  • Total Number of Rooms: 6
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: LOT NO 7 SE 13-20-12 .364A
  • Parcel Number ID: 68-07-13-475-085.000-008
  • Platted: Yes
  • Amenities: Cable Available, Countertops-Laminate, Dryer Hook Up Electric, Eat-In Kitchen, Range/Oven Hook Up Gas, Utility Sink, Formal Dining Room, Main Floor Laundry
  • Location: City/Town/Suburb
  • Sp Lp Percent: 90.91
  • Year Taxes Payable: 2019
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1224
  • Total Finished Sq Ft: 1224
  • Above Grade Finished Sq Ft: 1224
  • Price Per Sq Ft: 40.03
  • Basement Foundation: Crawl
  • Flooring: Carpet, Vinyl
  • Living Great Room: Dimensions: 21x10, On Level: Main
  • Kitchen: Dimensions: 17x9, On Level: Main
  • Dining Room: Dimensions: 13x10, On Level: Main
  • Bedroom 1: Dimensions: 10x10, On Level: Main
  • Bedroom 2: Dimensions: 11x10, On Level: Upper
  • Bedroom 3: Dimensions: 11x10, On Level: Upper
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Shingle, Vinyl, Wood
  • Roof Material: Asphalt, Metal, Shingle
  • Outbuilding1: None
  • Fence: Partial, Privacy, Wood

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 22x20
  • Garage Sq Ft: 440
  • Garage: Yes

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Hvac: Ceiling Fan
  • Laundry: Dimensions: Mainx14, On Level: 8

Condo/Co-op/Association

  • Common Amenities: Sidewalks

Schools

  • School District: Monroe Central School Corp.
  • Elementary School: Monroe Central
  • Middle School: Monroe Central
  • High School: Monroe Central
  • Elementary School: Monroe Central

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 84X190
  • Estimated Lot Sq Ft: 15856
  • Estimated Lot Size Acres: 0.364

Tax Info

  • Annual Taxes: 441.66

MLS Schools

  • High School: Monroe Central
  • Middle School: Monroe Central
  • School District: Monroe Central School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2019
Closed on
Jun 5, 2020
Sold by
Bond Roger D
Bought by
Moritz Robin Lynn Iona
Seller's Agent
Curtis Cunningham
Wagner Auctioneering and Real Estate
Buyer's Agent
Jim Ellis
Century 21 Advance
List Price
$59,900
Sold Price
$49,000
Premium/Discount to List
-$10,900
-18.2%
Total Days on Market
155
Current Estimated Value
$106,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,491
Avg. Annual Appreciation
17.09%
Original Mortgage
$46,550
Outstanding Balance
$41,716
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$64,775

Purchase Details

Listed on
Apr 19, 2013
Closed on
Dec 12, 2013
Sold by
Mikesell P Jane
Bought by
Bond Roger D
Seller's Agent
Curtis Cunningham
Wagner Auctioneering and Real Estate
Buyer's Agent
Edward Shirey
Wagner Auctioneering and Real Estate
List Price
$29,900
Sold Price
$27,500
Premium/Discount to List
-$2,400
-8.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.32%
Original Mortgage
$26,125
Interest Rate
4.38%
Mortgage Type
New Conventional

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
Moritz Robin Lynn Iona -- First American Mortgage Sln
Bond Roger D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moritz Robin Lynn Iona $46,550
Closed Moritz Robin Lynn Iona $46,550
Previous Owner Bond Roger D $26,125
Previous Owner Mikesell P Jane $33,406
Previous Owner Mikesell P Jane $32,606
Previous Owner Mikesell P Jane $36,228
Previous Owner Mikesell P Jane $38,261
Previous Owner Mikesell P Jane $39,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2020 06/05/20 Sold $49,000 -9.1% $40 / Sq Ft
04/24/2020 04/24/20 Pending -- -- --
01/29/2020 01/29/20 Price Changed $53,900 -10.0% $44 / Sq Ft
11/21/2019 11/21/19 For Sale $59,900 +117.8% $49 / Sq Ft
12/12/2013 12/12/13 Sold $27,500 -8.0% $16 / Sq Ft
08/31/2013 08/31/13 Pending -- -- --
04/19/2013 04/19/13 For Sale $29,900 -- $18 / 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 $581 $62,800 $5,100 $57,700
2023 $516 $57,600 $5,100 $52,500
2022 $576 $54,800 $5,100 $49,700
2021 $620 $59,200 $8,200 $51,000
2020 $478 $56,100 $7,700 $48,400
2019 $448 $56,100 $7,700 $48,400
2018 $442 $56,100 $7,700 $48,400
2017 $394 $53,000 $6,800 $46,200
2016 $343 $47,200 $6,100 $41,100
2014 $285 $45,200 $5,800 $39,400
2013 $285 $48,200 $5,800 $42,400
Source: Public Records

Agents Affiliated with this Home

  • Curtis Cunningham

    Seller's Agent in 2020

    Curtis Cunningham

    Wagner Auctioneering and Real Estate

    (765) 717-2407

    210 Total Sales

    Curtis Cunningham
    Section Image

  • J

    Buyer's Agent in 2020

    Jim Ellis

    Century 21 Advance

  • Edward Shirey

    Buyer's Agent in 2013

    Edward Shirey

    Wagner Auctioneering and Real Estate

    (765) 468-8463

    18 Total Sales

    Edward Shirey
    Section Image
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Map

Similar Home in Farmland, IN

See All Homes in Farmland

Source: Indiana Regional MLS

MLS Number: 201950737

Indiana Regional MLS

APN: 68-07-13-475-085.000-008

Indiana Randolph County Farmland 47340

506 S Main St, Farmland, IN

Homes for Sale in Farmland, IN

This home is located at 506 S Main St, Farmland, IN 47340 since 21 November 2019 and is currently estimated at $106,491, approximately $87 per square foot. This property was built in 1890. 506 S Main St is a home located in Randolph County with nearby schools including Monroe Central Elementary School and Monroe Central Jr-Sr 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.