NOT LISTED FOR SALE

5201 N Raubs Ln Bloomington, IN 47404

Estimated Value: $317,000 - $1,412,486

44 Beds
22 Baths
13,445 Sq Ft
$69/Sq Ft Est. Value

Last Sold May 29, 2015

Last sale price $950,000 $71 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $6,116/month

521 Days on Market

Highlights

  • 1.43 Acre Lot
  • Central Air
  • 2-minute walk to Edgewood Tennis Courts
  • Ceramic Tile Flooring
  • Community Storage Space

About This Home

As of May 2015

Twenty Two Complete Units near Ellettsville Schools. Washer and Dryer hook ups, on site trash and parking. Located just a few short minutes to Bloomington's West Side Shopping and Restaurants and ST. RD. 37. This property offers a great rental history.

Last Agent to Sell the Property

James Regester

RE/MAX Realty Professionals Listed on: 09/27/2013

RE/MAX Realty Professionals

Last Buyer's Agent

Bill Holdeman

RE/MAX Realty Professionals

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $16,554

Year Built

  • Built in 2004

Lot Details

  • 1.43 Acre Lot
  • Irregular Lot

Parking

  • 44 Parking Spaces

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 13,445 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 44 Bedrooms
  • 22 Full Bathrooms

Schools

  • Edgewood Elementary And Middle School
  • Edgewood High School

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for cable, cooling, heating
  • The owner pays for sewer, tax, trash collection, water
  • Assessor Parcel Number 53-04-09-400-005.000-013

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $936
  • Maintenance Expense $6,872
  • Trash Expense $2,148
  • Water Sewer Expense $8,943

Additional Features

  • 22 Units
  • Community Storage Space

Property Details

Home Type

Apartment

Est. Annual Taxes

$16,554

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 2004
  • Age: 11
  • Style: Two Story
  • Bedrooms: 44
  • Number Above Grade Bedrooms: 44
  • Total Bathrooms: 22
  • Total Full Bathrooms: 22
  • Legal Description: 009-01440-00 PT N 1/2 SE 9-9-2W 1.43 A; Plat 71 |
  • Parcel Number ID: 53-04-09-400-005.000-013
  • Platted: Yes
  • Amenities: Storage
  • Cross Street: Reeves Road and Raubs Lane
  • Grid: Northwest Monroe County-A000
  • Sp Lp Percent: 90.48
  • Annual Miscellaneous: 32344.12
  • Monthly Gross Income: 12819
  • Year Taxes Payable: 2012-2013
  • Special Features: None

Interior Features

  • Total Sq Ft: 13445
  • Total Finished Sq Ft: 13445
  • Above Grade Finished Sq Ft: 13445
  • Price Per Sq Ft: 70.66
  • Flooring: Carpet, Ceramic Tile
  • Number Of Ranges Ovens: 22

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 44

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 936.07
  • Annual Maintenance Expense: 6872
  • Annual Trash Expense: 2148.19
  • Annual Water Sewer Expense: 8943.38

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Richland-Bean Blossom Community Schools
  • Elementary School: Edgewood
  • Middle School: Edgewood
  • High School: Edgewood
  • Elementary School: Edgewood

Lot Info

  • Lot Description: Irregular
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 62291
  • Estimated Lot Size Acres: 1.43

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Cooling, Heating

Multi Family

  • Gross Monthly Rent: 12545.25
  • Number Of Refrigerators: 22
  • Number Of Units: 22
  • Num Of2 Bedrooms: 22
  • Num Of Units Rented: 22

Tax Info

  • Annual Property Tax: 16553.82

MLS Schools

  • High School: Edgewood
  • Middle School: Edgewood
  • School District: Richland-Bean Blossom Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2013
Closed on
May 29, 2015
Sold by
Raubs Lane Apartment Management Llc
Bought by
Eden Property Investments Llc
Seller's Agent
James Regester
RE/MAX Realty Professionals
Buyer's Agent
Bill Holdeman
RE/MAX Realty Professionals
List Price
$1,050,000
Sold Price
$950,000
Premium/Discount to List
-$100,000
-9.52%
Current Estimated Value
$904,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$45,349
Avg. Annual Appreciation
-0.94%
Original Mortgage
$665,000
Outstanding Balance
$271,024
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$591,345
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
Eden Property Investments Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eden Property Investments Llc $665,000
Closed Eden Property Investment Llc $665,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2015 05/29/15 Sold $950,000 -9.5% $71 / Sq Ft
03/02/2015 03/02/15 Pending -- -- --
09/27/2013 09/27/13 For Sale $1,050,000 -- $78 / 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 $13,960 $698,000 $206,700 $491,300
2023 $8,575 $857,500 $64,400 $793,100
2022 $17,958 $897,900 $64,400 $833,500
2021 $16,788 $839,400 $64,400 $775,000
2020 $15,968 $798,400 $64,400 $734,000
2019 $16,692 $834,600 $64,400 $770,200
2018 $16,724 $836,200 $64,400 $771,800
2017 $16,570 $828,500 $64,400 $764,100
2016 $17,254 $862,700 $64,400 $798,300
2014 $16,070 $803,500 $64,400 $739,100
2013 $16,070 $817,700 $64,400 $753,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201314231

Indiana Regional MLS

APN: 53-04-09-400-005.000-013