NOT LISTED FOR SALE

541 N State Road 1 Farmland, IN 47340

Estimated Value: $236,000 - $274,670

4 Beds
2.5 Baths
2,302 Sq Ft
$111/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $240,000 $104 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,543/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Tile Flooring
  • Forced Air Heating and Cooling System
  • 2 Car Attached Garage

About This Home

As of May 2022

This beautifully updated home in the Monroe Central School Corporation features 4 large bedrooms, 2.5 bathrooms, and an attached garage. This home is in a peaceful setting on 1 acre and is priced at $255,000!

Last Agent to Sell the Property

Brody Tarter

RE/MAX Evolve Listed on: 04/08/2022

RE/MAX Evolve

Last Buyer's Agent

Brody Tarter

RE/MAX Evolve Listed on: 04/08/2022

RE/MAX Evolve

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $736

Year Built

  • Built in 1979

Lot Details

  • 0.91 Acre Lot
  • Rural Setting

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Bi-Level Home
  • Brick Exterior Construction
  • Shingle Roof
  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • Finished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 68-08-19-200-028.000-010

Home Details

Home Type

Single Family

Est. Annual Taxes

$736

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1979
  • Age: 43
  • Style: Bi-Level
  • Architectural Style: Traditional
  • Total Number of Rooms: 7
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: Pt Lot No 1 N Of White River Nw 19-20-13 .907 A
  • Parcel Number ID: 68-08-19-200-028.000-010
  • Platted: Yes
  • Location: Rural
  • Sp Lp Percent: 94.12
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 2302
  • Total Finished Sq Ft: 2302
  • Above Grade Finished Sq Ft: 1151
  • Below Grade Finished Sq Ft: 1151
  • Price Per Sq Ft: 208.51
  • Basement: Yes
  • Basement Foundation: Full Basement, Finished
  • Flooring: Carpet, Tile
  • Living Great Room: Dimensions: 25x20, On Level: Main
  • Kitchen: Dimensions: 15x12, On Level: Main
  • Bedroom 1: Dimensions: 15x15, On Level: Main
  • Bedroom 2: Dimensions: 15x15, On Level: Main
  • Bedroom 3: Dimensions: 12x15, On Level: Main
  • Bedroom 4: Dimensions: 10x12, On Level: Main
  • Number of Main Level Full Bathrooms: 2
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 1151

Exterior Features

  • Exterior: Brick, Stone, Vinyl
  • Roof Material: Shingle
  • Outbuilding1: Shed, Dimensions: 8x12

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 30x24
  • Garage Sq Ft: 720
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electric, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Laundry: Dimensions: Mainx8, On Level: 8
  • Well Type: Private

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: 0-2.9999
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 39640
  • Estimated Lot Size Acres: 0.91

Tax Info

  • Annual Taxes: 735.84

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
Apr 8, 2022
Closed on
Jun 1, 2022
Sold by
Michael Elder John
Bought by
Addington Brandon J and Addington Kayla L
Seller's Agent
Brody Tarter
RE/MAX Evolve
Buyer's Agent
Brody Tarter
RE/MAX Evolve
List Price
$255,000
Sold Price
$240,000
Premium/Discount to List
-$15,000
-5.88%
Current Estimated Value
$254,668

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,668
Avg. Annual Appreciation
4.01%
Original Mortgage
$228,000
Outstanding Balance
$218,185
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$54,546
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
Addington Brandon J -- Cockerill Thomas
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Addington Brandon J $228,000
Previous Owner Elder John Michael $112,000
Previous Owner Elder John M $14,000
Previous Owner Elder John Michael $112,000
Previous Owner Elder John M $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2022 05/31/22 Sold $240,000 -5.9% $104 / Sq Ft
04/10/2022 04/10/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $255,000 -- $111 / 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 $1,899 $218,100 $16,600 $201,500
2023 $1,546 $201,600 $16,600 $185,000
2022 $822 $111,300 $11,100 $100,200
2021 $736 $106,500 $10,300 $96,200
2020 $694 $103,100 $9,800 $93,300
2019 $648 $105,700 $9,800 $95,900
2018 $698 $108,800 $10,800 $98,000
2017 $597 $104,600 $10,800 $93,800
2016 $547 $99,600 $10,800 $88,800
2014 $479 $94,800 $10,800 $84,000
2013 $479 $92,000 $10,800 $81,200
Source: Public Records

Agents Affiliated with this Home

  • Brody Tarter

    Seller's Agent in 2022

    Brody Tarter

    RE/MAX

    (765) 546-2203

    472 Total Sales

    Brody Tarter
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Map

Source: Indiana Regional MLS

MLS Number: 202212442

Indiana Regional MLS

APN: 68-08-19-200-028.000-010

Indiana Randolph County Farmland 47340

541 N State Road 1, Farmland, IN

This home is located at 541 N State Road 1, Farmland, IN 47340 since 08 April 2022 and is currently estimated at $254,668, approximately $110 per square foot. This property was built in 1979. 541 N State Road 1 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.

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