Seller's Agent in 2024
Deborah Tomaro
Deb Tomaro Real Estate
(812) 345-4404
3 in this area
225 Total Sales
522 W Davis St Bloomington, IN 47403
McDoel Gardens NeighborhoodEstimated Value: $586,000 - $718,000
6
Beds
6
Baths
3,252
Sq Ft
$205/Sq Ft
Est. Value
Highlights
- 0.57 Acre Lot
- Central Air
- Level Lot
- Jackson Creek Middle School Rated A
- Geothermal Heating and Cooling
- Wood Siding
About This Home
As of August 2024$6230 is the expected monthly rental income once the final rent increases are in place (August/September). Super low maintenance with excellent income. This property was taken down to the studs within the past ten years and completely updated with new electric, plumbing, windows, roof, doors, HVAC, sewer line, flooring. Dry basement with drainage work completed, new gutters, buried downspouts. Maintenance calls are almost non-existent. No carpeting makes for easy turnovers (not that there are many turnovers). Lots of nice touches like intercom for second floor units to avoid running up and down stairs to answer the door and motion sensor lights. All the current tenants are in the HCV or HUD-VASH (for Veterans) programs. Rents are guaranteed and direct deposited to landlord. Landlord pays electric, water/sewer and trash. Shared heat pump HVAC have their own zone controls. Efficient heat pump water heater with storage tank provides plenty of hot water. Utilities average $100-$125 per unit per month. Coin operated laundry is on site (included in the sale). HAND permit expires April 2028. Situated on 3 city lots (development potential?) on the edge of McDoel Gardens (not included in the historic district restrictions) and just a few blocks from the new Hopewell Development that is rejuvenating the old Hospital site to create a new core neighborhood with parks, plazas and mixed use space. **Numbers in listing are based on rent increases that will be realized in 2024.**
Last Agent to Sell the Property
Deb Tomaro Real Estate Brokerage Email: deb.tomaro@homefinder.org Listed on: 12/04/2023
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $3,938
Year Built
- Built in 1946
Lot Details
- 0.57 Acre Lot
- Level Lot
Parking
- 10 Parking Spaces
Home Design
- Wood Siding
Interior Spaces
- 2-Story Property
- Vinyl Flooring
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Partially Finished Basement
- 1 Bathroom in Basement
- 1 Bedroom in Basement
Schools
- Templeton Elementary School
- Jackson Creek Middle School
- Bloomington South High School
Utilities
- Central Air
- Geothermal Heating and Cooling
Listing and Financial Details
- The owner pays for electric, fuel, heating, lawn maintenance, maintenance, sewer, tax, trash collection, water
- Assessor Parcel Number 53-08-05-404-008.000-009
Community Details
Overview
- 6 Units
Pet Policy
- Pet Restriction
Building Details
- Electric Expense $4,800
- Insurance Expense $2,200
- Trash Expense $800
- Water Sewer Expense $3,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 4, 2023
Closed on
Aug 16, 2024
Sold by
Webb Mark
Bought by
522 W Davis Llc
Seller's Agent
Deborah Tomaro
Deb Tomaro Real Estate
Buyer's Agent
Don Griffin
Griffin Realty Holdings LLC
List Price
$674,900
Sold Price
$674,000
Premium/Discount to List
-$900
-0.13%
Views
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,934
Avg. Annual Appreciation
-1.01%
Purchase Details
Listed on
Jun 1, 2012
Closed on
Jun 5, 2012
Sold by
Old National Bank
Bought by
Webb Mark and Webb Linda S
Seller's Agent
Deborah Tomaro
Deb Tomaro Real Estate
Buyer's Agent
Deborah Tomaro
Deb Tomaro Real Estate
List Price
$120,000
Sold Price
$70,750
Premium/Discount to List
-$49,250
-41.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.26%
Original Mortgage
$70,750
Interest Rate
3.87%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jul 26, 2011
Sold by
Stark Roderick B
Bought by
Old National Bank
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 522 W Davis Llc | $674,000 | Titleplus | |
| Webb Mark | -- | None Available | |
| Old National Bank | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Webb Mark E | $251,500 | |
| Previous Owner | Webb Mark | $125,000 | |
| Previous Owner | Webb Mark E | $70,750 | |
| Previous Owner | Stark Roderick B | $130,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/16/2024 08/16/24 | Sold | $674,000 | -0.1% | $207 / Sq Ft |
| 12/04/2023 12/04/23 | For Sale | $674,900 | +853.9% | $208 / Sq Ft |
| 06/01/2012 06/01/12 | Sold | $70,750 | -41.0% | $22 / Sq Ft |
| 06/01/2012 06/01/12 | Pending | -- | -- | -- |
| 06/01/2012 06/01/12 | For Sale | $120,000 | -- | $37 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $4,254 | $207,800 | $65,100 | $142,700 |
| 2023 | $4,034 | $186,100 | $65,100 | $121,000 |
| 2022 | $3,849 | $190,100 | $65,100 | $125,000 |
| 2021 | $3,727 | $179,800 | $65,100 | $114,700 |
| 2020 | $3,716 | $179,800 | $65,100 | $114,700 |
| 2019 | $2,670 | $127,000 | $21,900 | $105,100 |
| 2018 | $2,666 | $126,500 | $21,900 | $104,600 |
| 2017 | $2,646 | $125,300 | $21,900 | $103,400 |
| 2016 | $2,719 | $131,000 | $21,900 | $109,100 |
| 2014 | $2,636 | $126,600 | $21,900 | $104,700 |
Source: Public Records
Agents Affiliated with this Home
-
Deborah Tomaro
-
Don Griffin
Buyer's Agent in 2024
Don Griffin
Griffin Realty Holdings LLC
(812) 327-9232
5 in this area
114 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202343620
APN: 53-08-05-404-008.000-009
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