NOT LISTED FOR SALE

551 Madison Ave Peru, IN 46970

Peru Area

Estimated Value: $69,000 - $78,000

1 Bed
1 Bath
610 Sq Ft
$122/Sq Ft Est. Value

Sale Details

Date Sold: April 3, 2025

Last sale price $67,000 $110 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $410 / mo

50 Days on Market

Highlights

  • Corner Lot
  • 1 Car Detached Garage
  • Bungalow
  • Elmwood Primary Learning Center Rated A-
  • Covered Deck
  • 1-Story Property

About This Home

As of April 2025

This charming property boasts a single bedroom, one bathroom, and a detached garage that accommodates one car. Additionally, the inclusion of a "she shed" provides additional space for relaxation or storage. The cozy atmosphere emanating from this home is perfect for individuals looking for a starter home with a comfortable living space.

Last Agent to Sell the Property

Dennett Roettger

Creative Realty - Peru Brokerage Phone: 765-480-6122 Listed on: 01/26/2025

Last Buyer's Agent

Dennett Roettger

Creative Realty - Peru Brokerage Phone: 765-480-6122 Listed on: 01/26/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $260

Year Built

  • Built in 1940

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50 x 130
  • Corner Lot

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • Bungalow
  • Slab Foundation
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 610 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • Elmwood/Blair Pointe Elementary School
  • Peru Middle School
  • Peru High School

Utilities

  • Central Air
  • Heating System Uses Gas

Additional Features

  • Covered Deck
  • Suburban Location

Community Details

  • Oak Dale / Oakdale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 52-08-23-301-360.000-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$260

Year Built

Built in 1940

Lot Details

6,534 Sq Ft Lot

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1940
  • Style: One Story
  • Architectural Style: Bungalow
  • Bedrooms: 1
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: 021-31190-80 OAKDALE ADD LOT 908 42 311 09080
  • Parcel Number ID: 52-08-23-301-360.000-016
  • Platted: Yes
  • Amenities: Deck Covered, Garage Door Opener
  • Location: City/Town/Suburb
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 610
  • Total Finished Sq Ft: 610
  • Above Grade Finished Sq Ft: 610
  • Basement Foundation: Slab
  • Living Great Room: Dimensions: 20x8, On Level: Main
  • Bedroom 1: Dimensions: 10x8, On Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Metal
  • Outbuilding1: Garden Shed, Dimensions: 20x12

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Detached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 20x15
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Peru Utilities
  • Gas Company: NIPSCO
  • Water Company: Peru Utilities

Schools

  • Elementary School: Elmwood/Blair Pointe

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 50 X 130
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Tax Info

  • Annual Taxes: 260.28
  • Exemptions: Homestead, Supplemental

MLS Schools

  • High School: Peru High School
  • Middle School: Peru
  • School District: Peru Community Schools

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2025
Closed on
May 5, 2025
Sold by
Bought by
Seller's Agent
Dennett Roettger
Creative Realty - Peru
Buyer's Agent
Dennett Roettger
Creative Realty - Peru
List Price
$75,000
Sold Price
$67,000
Premium/Discount to List
-$8,000
-10.67%
Views
40
Current Estimated Value
$74,691

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,691
Avg. Annual Appreciation
8.65%

Purchase Details

Listed on
Jan 26, 2025
Closed on
Apr 3, 2025
Sold by
Bought by
Seller's Agent
Dennett Roettger
Creative Realty - Peru
Buyer's Agent
Dennett Roettger
Creative Realty - Peru
List Price
$75,000
Sold Price
$67,000
Premium/Discount to List
-$8,000
-10.67%
Views
40

Purchase Details

Closed on
Dec 13, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,856
Interest Rate
0.0373%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 24, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,000
Interest Rate
0.0417%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2005
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
-- None Available
$20,000 Dunn-Jenkins Abstrac Co., Ltd
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $16,856
Previous Owner $22,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/03/2025 04/03/25 Sold $67,000 -6.3% $110 / Sq Ft
03/17/2025 03/17/25 Pending -- -- --
02/19/2025 02/19/25 Price Changed $71,500 -4.7% $117 / Sq Ft
01/26/2025 01/26/25 For Sale $75,000 -- $123 / Sq Ft
Source: Indiana Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $30 $37,300 $4,100 $33,200
2024 $311 $29,600 $4,100 $25,500
2023 $296 $28,600 $4,100 $24,500
2022 $242 $28,600 $4,100 $24,500
2021 $218 $24,700 $4,100 $20,600
2020 $203 $24,700 $4,100 $20,600
2019 $68 $19,400 $4,100 $15,300
2018 $360 $18,000 $4,100 $13,900
2017 $344 $17,200 $4,100 $13,100
2016 $344 $17,200 $4,100 $13,100
2014 $338 $16,900 $4,100 $12,800
2013 -- $16,900 $4,100 $12,800
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2025

    Dennett Roettger

    Creative Realty - Peru

    (765) 480-6122

    15 Total Sales

    Dennett Roettger
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202502459

Indiana Regional MLS

APN: 52-08-23-301-360.000-016

Indiana Miami County Peru 46970

551 Madison Ave, Peru, IN

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 Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.