NOT LISTED FOR SALE

5280 N State Road 37 Business Bloomington, IN 47404

Estimated Value: $95,000 - $388,000

6 Beds
3 Baths
2,244 Sq Ft
$109/Sq Ft Est. Value

Last Sold March 12, 2021

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

Est. 50% decrease in value since last sale

Current estimated payment $1,509/month

9 Days on Market

Highlights

  • 43.54 Acre Lot
  • Heavily Wooded Lot
  • 1-Story Property
  • Marlin Elementary School Rated A
  • Central Air

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. Excellentrental 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

Last Agent to Sell the Property

Gretchen Nall

Bloomington Rentals and Realty Listed on: 03/02/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,491

Year Built

  • Built in 1972

Lot Details

  • 43.54 Acre Lot
  • Heavily Wooded Lot

Home Design

  • Brick Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 2,244 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Laundry in Bathroom

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 5 Parking Spaces
  • Off-Street Parking

Utilities

  • Central Air
  • Heat Pump System
  • Septic System

Listing and Financial Details

  • Tenant pays for cable, electric, snow removal
  • The owner pays for building insurance, lawn maintenance, maintenance, sewer, water
  • Assessor Parcel Number 53-01-22-482-000.000-004

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Maintenance Expense $600
  • Trash Expense $360
  • Water Sewer Expense $720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,491

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1972
  • Age: 49
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: PT E1/2 8-9-1W 1.06A PLAT 52
  • Parcel Number ID: 53-01-22-482-000.000-004
  • Platted: Yes
  • Amenities: Off Street Parking, Near Walking Trail
  • Sp Lp Percent: 147.42
  • Monthly Gross Income: 2775
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2244
  • Total Finished Sq Ft: 2244
  • Above Grade Finished Sq Ft: 2244
  • Price Per Sq Ft: 216.13
  • Basement Foundation: Crawl
  • Flooring: Mixed
  • Number Of Disposals: 3
  • Number Of Microwaves: 3
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Brick, Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Cooling: Central Air
  • Heating Fuel: Heat Pump
  • Sewer: Septic
  • Water Utilities: City
  • Annual Insurance Expense: 900
  • Annual Maintenance Expense: 600
  • Annual Trash Expense: 360
  • Annual Water Sewer Expense: 720
  • Number Electric Meters: 3
  • Number Water Meters: 1

Schools

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

Lot Info

  • Lot Description: Heavily Wooded
  • Lot Dimensions: irregular
  • Estimated Lot Sq Ft: 1896602
  • Estimated Lot Size Acres: 43.54

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Sewer, Water
  • Tenant Pays: Cable, Electric, Snow Removal

Tax Info

  • Total Assessed Value: 98600
  • Annual Property Tax: 1491

Multi Family

  • Gross Monthly Rent: 2775
  • Number Of Dishwashers: 3
  • Number Of Dryers: 3
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 3
  • Num Of2 Bedrooms: 3
  • Num Of Units Rented: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 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
$244,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$240,333
Avg. Annual Appreciation
-21.24%

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

Purchase Details

Closed on
Jun 20, 2008
Sold by
Rbl Management Inc
Bought by
Fifth Third Bank
Source: Public Records

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Range of Values:

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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
Bailey Ridge Llc -- None Available
Ssi Properties Inc -- None Available
Fifth Third Bank $400,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2021 03/12/21 Sold $485,000 +47.4% $216 / Sq Ft
03/02/2021 03/02/21 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 $2,518 $175,000 $175,000 $0
2023 $1,856 $123,300 $123,300 $0
2022 $1,792 $123,300 $123,300 $0
2021 $1,449 $98,600 $98,600 $0
2020 $1,519 $98,600 $98,600 $0
2019 $1,491 $98,600 $98,600 $0
2018 $1,547 $98,600 $98,600 $0
2017 $1,556 $98,600 $98,600 $0
2016 $950 $51,800 $51,800 $0
2014 $587 $40,200 $40,200 $0
Source: Public Records

Agents Affiliated with this Home

  • Gretchen Nall

    Seller's Agent in 2021

    Gretchen Nall

    Bloomington Rentals and Realty

    (812) 360-2288

    91 Total Sales

    Gretchen Nall
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Map

Source: Indiana Regional MLS

MLS Number: 202106350

Indiana Regional MLS

APN: 53-01-22-482-000.000-004

Indiana Monroe County Bloomington 47404

5280 N State Road 37 Business, Bloomington, IN

This home is located at 5280 N State Road 37 Business, Bloomington, IN 47404 since 02 March 2021 and is currently estimated at $244,667, approximately $109 per square foot. This property was built in 1972. 5280 N State Road 37 Business is a home located in Monroe County with nearby schools including Marlin Elementary School, Tri-North Middle School, and Bloomington High School North.

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.

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