NOT LISTED FOR SALE

5510 W State Road 48 Bloomington, IN 47404

Estimated Value: $271,731 - $415,000

7.75 Acres
$41,959 Price per Acre
337,590 Sq Ft Lot

Last Sold September 09, 2021

Last sale price $395,000 $244 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $1,954/month

330 Days on Market

About This Lot

As of September 2021

Great west side development property! Eight aces of very buildable land located just west of the IV Tech campus. City sewer is on the property. County jurisdiction subject to rezoning for the buyer’s development plans.

Last Agent to Sell the Property

Jimmie Coffey

United Country Coffey Realty & Auction Listed on: 08/19/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,717

Lot Details

  • 7.75 Acre Lot
  • Property fronts a state road
  • Finished Lot(s)

Parking

  • Driveway

Utilities

  • Gas Available

Listing and Financial Details

  • Assessor Parcel Number 53-04-35-300-021.000-011

Property Details

Property Type

Land

Est. Annual Taxes

$1,717

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Commercial Land
  • Legal Description: 007-13260-00 PT SE SW 35-9-2W 4.25A; PLAT 27; HMSTD & MTG ON 015-13715-00 and 007-13265-00 PT SE SW 35-9-2W 3.50A
  • Parcel Number ID: 53-04-35-300-021.000-011
  • Platted: Yes
  • Parcel Id2: 53-04-35-300-043.000-011
  • Road Access: State
  • Road Surface: Asphalt
  • Sp Lp Percent: 87.97
  • Parcel Description: 6-9.999
  • Type of Sale: Traditional
  • Structure Bldg Imprvmnts: Yes
  • Type Use: Commercial
  • Special Features: None

Exterior Features

  • Road Frontage: State

Utilities

  • Water Utilities: City
  • Electricity Type: Available
  • Fuel Type: Available
  • Sewer Type: City

Schools

  • School District: Richland-Bean Blossom Community Schools
  • Elementary School: Edgewood
  • Middle School: Edgewood
  • High School: Edgewood

Lot Info

  • Lot Dimensions: 7.75 Acres
  • Estimated Lot Sq Ft: 337590
  • Estimated Lot Size Acres: 7.75

Tax Info

  • Annual Taxes: 1717

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2020
Closed on
Sep 8, 2021
Sold by
Joe Kemp Construction Llc
Bought by
Pipjay Properties Llc
Seller's Agent
Jimmie Coffey
United Country Coffey Realty & Auction
List Price
$499,000
Sold Price
$395,000
Premium/Discount to List
-$104,000
-20.84%
Current Estimated Value
$325,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$69,817
Avg. Annual Appreciation
-4.66%
Original Mortgage
$316,000
Outstanding Balance
$66,654
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$258,529

Purchase Details

Listed on
Apr 14, 2016
Closed on
May 18, 2016
Sold by
Ayers Lana and Hall Jacob Eugene
Bought by
Joe Kemp Construction Llc
Seller's Agent
Tim Ellis
Tim Ellis Realtors & Auctioneers Inc.
Buyer's Agent
Tim Ellis
Tim Ellis Realtors & Auctioneers Inc.
List Price
$80,000
Sold Price
$80,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.01%

Purchase Details

Closed on
Sep 22, 2009
Sold by
Hall Eugene
Bought by
Hall Eugene
Source: Public Records

Range of Values:

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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
Pipjay Properties Llc -- None Available
Joe Kemp Construction Llc -- None Available
Hall Eugene -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pipjay Properties Llc $316,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/09/2021 09/09/21 Sold $395,000 -12.0% $244 / Sq Ft
07/15/2021 07/15/21 Pending -- -- --
04/12/2021 04/12/21 Price Changed $449,000 -10.0% $278 / Sq Ft
08/19/2020 08/19/20 For Sale $499,000 +523.8% $309 / Sq Ft
05/18/2016 05/18/16 Sold $80,000 0.0% $50 / Sq Ft View Prior Sale
04/29/2016 04/29/16 Pending -- -- --
04/14/2016 04/14/16 For Sale $80,000 -- $50 / 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 $2,679 $163,000 $54,100 $108,900
2023 $1,376 $158,900 $53,000 $105,900
2022 $1,983 $117,700 $44,800 $72,900
2021 $1,771 $96,000 $30,600 $65,400
2020 $1,669 $89,600 $30,600 $59,000
2019 $1,567 $89,600 $30,600 $59,000
2018 $1,860 $106,900 $30,600 $76,300
2017 $2,096 $105,900 $30,600 $75,300
2016 $1,889 $103,500 $30,600 $72,900
2014 $1,703 $101,400 $31,300 $70,100
Source: Public Records

Agents Affiliated with this Home

  • Jimmie Coffey

    Seller's Agent in 2021

    Jimmie Coffey

    United Country Coffey Realty & Auction

    (812) 345-4545

    10 Total Sales

    Jimmie Coffey
    Section Image

  • T

    Seller's Agent in 2016

    Tim Ellis

    Tim Ellis Realtors & Auctioneers Inc.

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202033100

Indiana Regional MLS

APN: 53-04-35-300-021.000-011

Indiana Monroe County Bloomington 47403

5510 W State Road 48, Bloomington, IN

This home is located at 5510 W State Road 48, Bloomington, IN 47404 since 19 August 2020 and is currently estimated at $325,183, approximately $201 per square foot. 5510 W State Road 48 is a home located in Monroe County with nearby schools including Edgewood High School, The Bloomington Project School, and Excel Center - Bloomington.

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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