NOT LISTED FOR SALE

550 Madison Ave Peru, IN 46970

Estimated Value: $170,000 - $189,000

3 Beds
2 Baths
1,560 Sq Ft
$116/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $48,000 $31 Per Sq Ft

Est. 276% increase in value since last sale

Current estimated payment $1,130/month

34 Days on Market

Highlights

  • 1-Story Property
  • Forced Air Heating and Cooling System
  • Level Lot
  • Elmwood Primary Learning Center Rated A-

About This Home

As of August 2018

Great layout in this ranch home with 3 bedrooms and 2 full baths. Large eat in kitchen with tons of cabinet space, separate laundry area, master bedroom with walk-in closet, det building could be large shed or small 1 car garage, corner lot. On the northeast side of town close to Highway 24. Don't miss out on this one!

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $430

Year Built

  • Built in 1979

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 100x130
  • Level Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 52-08-22-401-625.000-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$430

Year Built

Built in 1979

Lot Details

0.29 Acres

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1979
  • Style: One Story
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Oakdale ad; Lots; 852 & 853; 42 308 06600 |
  • Parcel Number ID: 52-08-22-401-625.000-016
  • Platted: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1560
  • Total Finished Sq Ft: 1560
  • Above Grade Finished Sq Ft: 1560
  • Basement Foundation: Crawl
  • Living Great Room: Dimensions: 12x17, On Level: Main
  • Kitchen: Dimensions: 17x10, On Level: Main
  • Bedroom 1: Dimensions: 10x16, On Level: Main
  • Bedroom 2: Dimensions: 10x11, On Level: Main
  • Bedroom 3: Dimensions: 10x11, On Level: Main
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Exterior: Vinyl
  • Outbuilding1: Barn, Dimensions: 12x10

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 100x130
  • Estimated Lot Sq Ft: 12632
  • Estimated Lot Size Acres: 0.29

Tax Info

  • Annual Taxes: 430

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2025
Sold by
Jones Jerry Lee
Bought by
Mcgowan Jack and Mcgowan Martha
Current Estimated Value
$180,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Outstanding Balance
$74,601
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$105,915

Purchase Details

Listed on
Jul 12, 2018
Closed on
Aug 31, 2018
Sold by
Fannie Mae
Bought by
Jones Joanetta and Jones Jerry
List Price
$49,900
Sold Price
$48,000
Premium/Discount to List
-$1,900
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.15%

Purchase Details

Closed on
Apr 17, 2018
Sold by
Williams Wesley J and Sparks Candy Michelle Bannon
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 21, 2007
Sold by
Shepherd Scott A and Shepherd Donna M
Bought by
Williams Wesley John and Sparks Candy Michelle Bannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2007
Sold by
Bannon Charles D and Bannon Catherine D
Bought by
Shepherd Scott A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.72%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Mcgowan Jack -- None Listed On Document
Jones Joanetta $48,000 None Available
Federal National Mortgage Association $42,900 None Available
Williams Wesley John -- None Available
Shepherd Scott A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgowan Jack $75,000
Previous Owner Williams Wesley John $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2018 08/31/18 Sold $48,000 -3.8% $31 / Sq Ft
08/15/2018 08/15/18 Pending -- -- --
07/12/2018 07/12/18 For Sale $49,900 -- $32 / Sq Ft
Source: Indiana Regional MLS

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
2025 -- $134,400 $8,100 $126,300
2024 -- $101,600 $8,100 $93,500
2023 -- $100,500 $8,100 $92,400
2022 $0 $96,500 $8,100 $88,400
2021 $0 $81,600 $8,100 $73,500
2020 $0 $81,900 $8,100 $73,800
2019 $0 $77,700 $8,100 $69,600
2018 $0 $70,700 $8,100 $62,600
2017 $431 $70,100 $8,100 $62,000
2016 $430 $70,300 $8,100 $62,200
2014 $335 $70,800 $8,100 $62,700
2013 -- $70,500 $8,100 $62,400
Source: Public Records

Map

Source: Indiana Regional MLS

MLS Number: 201830745

Indiana Regional MLS

APN: 52-08-22-401-625.000-016

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