NOT LISTED FOR SALE

5256 N State Road 37 Business Unit 5256 and 5258 A and Bloomington, IN 47404

Estimated Value: $150,000 - $436,000

6 Beds
3 Baths
2,244 Sq Ft
$114/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $485,000 $216 Per Sq Ft

Est. 47% decrease in value since last sale

Current estimated payment $1,439/month

11 Days on Market

Highlights

  • Open Floorplan
  • Lake, Pond or Stream
  • Backs to Open Ground
  • Marlin Elementary School Rated A
  • Partially Wooded Lot
  • 1-Story Property

About This Home

As of March 2021

https://youtu.be/Al0LTDqF7RE Please use this link for a virtual tour prior to scheduling a showing. 2 very solid houses with 3 units, total rents are $2775/month. Excellent rental history and all leases are signed until July 31,2022 with a sales clause for any new buyers. Houses come with 3 stackable washer dryer units, 3 of each: dishwashers, ovens, refrigerators, furnaces, microwaves, 5256 has a new roof, HVAC, plumbing, electrical, total remodel done in 2011. 5258 total remodel done in 2011 including electric, plumbing, flooring, There is a water line that was installed to the top of the ridge where 40 more gorgeous acres are located. This is a special piece of property with gorgeous views in every direction. https://youtu.be/v3eiE42Waa0 If the houses are sold separate from the 40 acres, an easement will be needed. If sale includes five parcels totaling 43.54 acres price will be $599,000. 53-05-08-400-002.000-004, 53-05-09-300-001.000-004, 53-05-08-100-004.000-004, 53-01-22-482-000.000-004, 53-05-08-100-002.000-004, Only a small part of the 40 acres is buildable and it's about 3.2 acres.

Last Agent to Sell the Property

Gretchen Nall

Bloomington Rentals and Realty Listed on: 03/01/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,504

Year Built

  • Built in 1972

Lot Details

  • 2.6 Acre Lot
  • Backs to Open Ground
  • Irregular Lot
  • Lot Has A Rolling Slope
  • Partially Wooded Lot

Home Design

  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,244 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Crawl Space
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Lake, Pond or Stream

Schools

  • Marlin Elementary School
  • Tri-North Middle School
  • Bloomington North High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 53-05-08-400-002.000-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,504

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1972
  • Style: One Story
  • Bedrooms: 6
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: 012-24805-02 PT E1/2 8-9-1W 1.00A; Plat 53 012-24805-01 PT E/1 8-9-1W 1.06A;Plat 5
  • Parcel Number ID: 53-05-08-400-002.000-004
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Deck Open, Disposal, Near Walking Trail, Open Floor Plan
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2244
  • Total Finished Sq Ft: 2244
  • Above Grade Finished Sq Ft: 2244
  • Basement Foundation: Crawl
  • Flooring: Carpet, Laminate
  • Bedroom 1: Dimensions: 14x8, On Level: Main
  • Bedroom 2: Dimensions: 10x12, On Level: Main
  • Bedroom 3: Dimensions: 14x8, On Level: Main
  • Bedroom 4: Dimensions: 10x12, On Level: Main
  • Bedroom 5: Dimensions: 14x8, On Level: Main
  • Number of Main Level Full Bathrooms: 3

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Outbuilding1: None

Garage/Parking

  • Driveway: Gravel
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electric, Gas
  • Sewer: Septic
  • Water Utilities: City
  • Water Type: Pond

Schools

  • Elementary School: Marlin

Lot Info

  • Lot Description: Irregular, Partially Wooded, Rolling, Wooded
  • Lot Dimensions: irregular
  • Estimated Lot Sq Ft: 113256
  • Estimated Lot Size Acres: 2.6

Tax Info

  • Annual Taxes: 2504

MLS Schools

  • High School: Bloomington North
  • Middle School: Tri-North
  • School District: Monroe County Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2021
Closed on
Mar 9, 2021
Sold by
Bailey Ridge Llc
Bought by
Cream & Crimson Management Llc
Seller's Agent
Gretchen Nall
Bloomington Rentals and Realty
List Price
$329,000
Sold Price
$485,000
Premium/Discount to List
$156,000
47.42%
Current Estimated Value
$254,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$230,169
Avg. Annual Appreciation
-12.98%

Purchase Details

Closed on
Oct 18, 2017
Sold by
Naylor Ridge Farms Llc
Bought by
Naylor Jay H

Purchase Details

Closed on
Apr 9, 2012
Sold by
Ssi Properties Inc
Bought by
Bailey Ridge Llc

Purchase Details

Closed on
Oct 21, 2011
Sold by
Fifth Third Bank
Bought by
Ssi Properties Inc
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
Cream & Crimson Management Llc -- None Available
Naylor Jay H -- None Available
Bailey Ridge Llc -- None Available
Ssi Properties Inc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2021 03/12/21 Sold $485,000 +47.4% $216 / Sq Ft
03/01/2021 03/01/21 For Sale $329,000 -- $147 / 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 $1,260 $87,600 $52,000 $35,600
2023 $631 $83,900 $50,000 $33,900
2022 $1,216 $83,700 $50,000 $33,700
2021 $1,023 $69,600 $35,000 $34,600
2020 $929 $60,300 $30,000 $30,300
2019 $905 $59,800 $30,000 $29,800
2018 $938 $59,800 $30,000 $29,800
2017 $989 $62,700 $30,000 $32,700
2016 $1,194 $65,100 $30,000 $35,100
2014 $931 $63,800 $30,000 $33,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202106218

Indiana Regional MLS

APN: 53-05-08-400-002.000-004