NOT LISTED FOR SALE

5516 S Western Ave Marion, IN 46953

Estimated Value: $161,000 - $216,000

4 Beds
2 Baths
3,760 Sq Ft
$52/Sq Ft Est. Value

Last Sold March 14, 2022

Last sale price $120,000 $32 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $1,218/month

88 Days on Market

Highlights

  • Living Room with Fireplace
  • Wood Flooring
  • Workshop
  • Ranch Style House
  • Enclosed Patio or Porch
  • Formal Dining Room

About This Home

As of March 2022

Incredible potential in this single-family home w/ "mother-in-law suite!" Originally built as a duplex, home features two back-to-back kitchens, living rooms, gas fireplaces and large sunrooms. South side of house also has access to enormous partially finished basement w/ 4 car garage, wood-burning fireplace, bar, workshop & more. Lots of original character including hardwood floors but needs updating/minor repairs. Selling as is, estate. Immediate possession. Cash or conventional only. Addt'l rooms - dining 10x12, misc 7x17+6x11, porch 11x11, workshop 15x25, addt'l garage space 12x14. Tankless water heater - whole house. 4 electrical boxes, two electric meters. Two HVAC systems.

Last Agent to Sell the Property

Megan Todd

Tate Real Estate Listed on: 11/29/2021

Last Buyer's Agent

Joyce King

Moving Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,749

Year Built

  • Built in 1952

Lot Details

  • 1.2 Acre Lot
  • Property fronts a state road
  • Rural Setting
  • Irregular Lot
  • Sloped Lot

Parking

  • 4 Car Garage
  • Basement Garage
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Brick Foundation
  • Shingle Roof
  • Stone Exterior Construction

Interior Spaces

  • Built-in Bookshelves
  • Crown Molding
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Living Room with Fireplace
  • 3 Fireplaces
  • Formal Dining Room
  • Workshop
  • Washer and Electric Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • In-Law or Guest Suite
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Separate Shower

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement
  • Block Basement Construction

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Westview/Northview Elementary School
  • R J Basket Middle School
  • Mississinewa High School

Utilities

  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 27-07-30-302-004.000-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,749

Year Built

Built in 1952

Lot Details

0

Parking

4

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1952
  • Age: 70
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 17
  • Total Number of Rooms Below Grade: 4
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 06-02-330.17 200' S END LOT 37 HERBELS WALNUT HILL S/DIV 2ND PLAT
  • Parcel Number ID: 27-07-30-302-004.000-016
  • Platted: Yes
  • Amenities: Breakfast Bar, Built-In Bookcase, Ceiling Fan(s), Crown Molding, Dryer Hook Up Electric, Eat-In Kitchen, Guest Quarters, Porch Covered, Porch Enclosed, Range/Oven Hk Up Gas/Elec, Split Br Floor Plan, Stand Up Shower, Tub/Shower Combination, Workshop, Formal Dining Room, Washer Hook-Up
  • Cross Street: 55th St
  • Investment Property: Yes
  • Location: Rural Subdivision, Within 1 Mile to Airport
  • Road Access: State
  • Road Surface: Asphalt
  • Sp Lp Percent: 83.62
  • County Zoning: Unknown
  • Year Taxes Payable: 2021
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 5360
  • Total Finished Sq Ft: 3760
  • Above Grade Finished Sq Ft: 3078
  • Below Grade Finished Sq Ft: 682
  • Below Grade Sq Ft: 1600
  • Price Per Sq Ft: 38.99
  • Basement: Yes
  • Basement Foundation: Full Basement, Partially Finished
  • Basement Material: Block, Brick
  • Number Of Fireplaces: 3
  • Fireplace: Family Rm, Living/Great Rm, Gas Log, Wood Burning, Basement, Three +
  • Fireplace: Yes
  • Flooring: Hardwood Floors, Carpet, Vinyl
  • Living Great Room: Dimensions: 16x21, On Level: Main
  • Kitchen: Dimensions: 14x9, On Level: Main
  • Dining Room: Dimensions: 12x14, On Level: Main
  • Family Room: Dimensions: 31x16, On Level: Basement
  • Den: Dimensions: 7x17, On Level: Main
  • Extra Room: sunporch, Dimensions: 18x16, On Level: Main
  • Bedroom 1: Dimensions: 11x17, On Level: Main
  • Bedroom 2: Dimensions: 14x10, On Level: Main
  • Bedroom 3: Dimensions: 12x12, On Level: Main
  • Bedroom 4: Dimensions: 9x12, On Level: Main
  • Other Room1: office, Dimensions: 13x15, On Level: Basement
  • Other Room 2: south living rm, Dimensions: 21x17, On Level: Main
  • Other Room 3: south kitchen, Dimensions: 16x12, On Level: Main
  • Main Level Sq Ft: 3078
  • Number of Main Level Full Bathrooms: 2
  • Total Below Grade Sq Ft: 2282

Exterior Features

  • Exterior: Brick, Stone
  • Roof Material: Shingle
  • Outbuilding1: None

Garage/Parking

  • Driveway: Asphalt, Gravel
  • Garage Type: Basement
  • Garage Number Of Cars: 4
  • Garage Size: Dimensions: 20x34
  • Garage Sq Ft: 680
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air, Multiple Heating Systems
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Cable Company: Spectrum
  • Laundry: Dimensions: Basementx25, On Level: 22
  • Well Type: Private

Condo/Co-op/Association

  • Association Restrictions: Yes

Schools

  • School District: Mississinewa Community School Corp.
  • Elementary School: Westview/Northview
  • Middle School: R J Basket
  • High School: Mississinewa
  • Elementary School: Westview/Northview

Lot Info

  • Lot Description: Irregular, Slope
  • Lot Dimensions: 1.2 A
  • Estimated Lot Sq Ft: 52272
  • Estimated Lot Size Acres: 1.2

Tax Info

  • Annual Taxes: 1749
  • Exemptions: Homestead, Mortgage

MLS Schools

  • High School: Mississinewa
  • Middle School: R J Basket
  • School District: Mississinewa Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2021
Closed on
Mar 14, 2022
Sold by
Kay Cullum Billie
Bought by
Cullum Marc Wayne and Armagh Mikhail J
Seller's Agent
Megan Todd
Tate Real Estate
Buyer's Agent
Joyce King
Moving Real Estate
List Price
$159,900
Sold Price
$120,000
Premium/Discount to List
-$39,900
-24.95%
Current Estimated Value
$197,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,321
Avg. Annual Appreciation
13.67%
Original Mortgage
$105,000
Outstanding Balance
$98,605
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$88,314
Source: Public Records

Range of Values:

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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
Cullum Marc Wayne $120,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cullum Marc Wayne $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2022 03/14/22 Sold $120,000 -16.4% $32 / Sq Ft
02/25/2022 02/25/22 Pending -- -- --
01/23/2022 01/23/22 Price Changed $143,500 -4.3% $38 / Sq Ft
01/07/2022 01/07/22 Price Changed $149,900 -6.3% $40 / Sq Ft
11/29/2021 11/29/21 For Sale $159,900 -- $43 / 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 $1,715 $196,800 $26,100 $170,700
2023 $1,211 $150,400 $26,100 $124,300
2022 $1,596 $173,300 $26,100 $147,200
2021 $1,985 $170,200 $26,100 $144,100
2020 $1,749 $161,100 $25,300 $135,800
2019 $1,682 $157,900 $25,300 $132,600
2018 $1,604 $153,900 $25,300 $128,600
2017 $1,532 $151,800 $25,300 $126,500
2016 $1,449 $151,800 $25,300 $126,500
2014 $1,475 $163,800 $25,300 $138,500
2013 $1,475 $162,100 $25,300 $136,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Megan Todd

    Tate Real Estate

    Section Image

  • J

    Buyer's Agent in 2022

    Joyce King

    Moving Real Estate

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202149320

Indiana Regional MLS

APN: 27-07-30-302-004.000-016

Indiana Grant County Marion 46953

5516 S Western Ave, Marion, IN

This home is located at 5516 S Western Ave, Marion, IN 46953 since 29 November 2021 and is currently estimated at $197,321, approximately $52 per square foot. This property was built in 1952. 5516 S Western Ave is a home located in Grant County with nearby schools including Frances Slocum Elementary School, John L. McCulloch Junior High School, and Justice Thurgood Marshall Intermediate 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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