NOT LISTED FOR SALE

552 Timber Ridge Rd Spencer, IN 47460

Estimated Value: $369,000 - $437,113

3 Beds
2 Baths
2,077 Sq Ft
$194/Sq Ft Est. Value

Last Sold January 25, 2017

Last sale price $250,000 $120 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,323/month

132 Days on Market

Highlights

  • Primary Bedroom Suite
  • 26.53 Acre Lot
  • Partially Wooded Lot
  • Waterfront
  • Lake Property
  • Ranch Style House

About This Home

As of January 2017

Welcome Home! This Owen County Retreat has 26.53 Acres with a 6 Acre Stocked Lake. The home is a single story home with 3 bedrooms and 2 full baths with an in-law suite with its own separate handicapped accessible bathroom. The home has a big screened in back porch that overlooks the lake. The kitchen has beautiful oak cabinets and an island. There is a sitting room with a fireplace just off the kitchen and a nice covered car port attached to the home. The property has a nice little cabin sitting back in the woods with a covered shelter house and an outdoor fireplace. The cabin overlooks the lake from the back side of the property and is just perfect for guest. There is also an apartment in the pole barn/garage that is just far away enough from the main house to offer privacy for guest or a tenant. The property has a nice mixture of cropland and recreational property with plenty of woods to hunt or ride ATV's. The property is located right across the street from the Owen Valley Winery and perfectly situated for an easy Bloomington commute. The price has been recently reduced and the owners are ready for an offer. Don't let this little piece of Heaven pass you by.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,013

Year Built

  • Built in 1970

Lot Details

  • 26.53 Acre Lot
  • Waterfront
  • Rural Setting
  • Landscaped
  • Irregular Lot
  • Partially Wooded Lot

Parking

  • Driveway

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • Ceiling Fan
  • Wood Burning Fireplace
  • Double Pane Windows
  • Dining Room with Fireplace
  • Workshop
  • Screened Porch
  • Water Views
  • Laundry on main level

Kitchen

  • Electric Oven or Range
  • Kitchen Island
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Bathtub with Shower

Basement

  • Block Basement Construction
  • Crawl Space

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Lake Property
  • Lake, Pond or Stream

Utilities

  • Forced Air Heating and Cooling System
  • High-Efficiency Furnace
  • Heat Pump System
  • Heating System Powered By Leased Propane
  • Private Company Owned Well
  • Well
  • ENERGY STAR Qualified Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 60-17-09-200-040.000-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,013

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1970
  • Age: 46
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 9
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: n 1/2 NW NW S9 T9 R3, 20A Reserves Life Estate
  • Parcel Number ID: 60-17-09-200-040.000-016
  • Platted: Yes
  • Amenities: Countertops-Laminate, Kitchen Island, Landscaped, Porch Screened, Range/Oven Hook Up Elec, Tub/Shower Combination, Workshop, Main Level Bedroom Suite, Main Floor Laundry
  • Cross Street: Braysville Rd
  • Legal Description2: PT NE S8 T9 R3 6.53A
  • Location: Rural
  • Parcel Id2: 601708104010001016
  • Section Number: 9
  • Sp Lp Percent: 83.36
  • Special Features: None

Interior Features

  • Total Sq Ft: 2077
  • Total Finished Sq Ft: 2077
  • Above Grade Finished Sq Ft: 2077
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Number Of Fireplaces: 1
  • Fireplace: Dining Rm, Wood Burning
  • Flooring: Hardwood Floors, Carpet, Tile
  • Living Great Room: Dimensions: 12x15, On Level: Main
  • Kitchen: Dimensions: 11x16, On Level: Main
  • Dining Room: Dimensions: 13x22, On Level: Main
  • Family Room: Dimensions: 20x23, On Level: Main
  • Den: Dimensions: 13x19, On Level: Main
  • Bedroom 1: Dimensions: 10x12, On Level: Main
  • Bedroom 2: Dimensions: 10x9, On Level: Main
  • Bedroom 3: Dimensions: 12x15, On Level: Main
  • Main Level Sq Ft: 2077
  • Number of Main Level Full Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Driveway: Asphalt

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electric, Forced Air, Heat Pump, Propane Tank Rented
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: REMC
  • Cable Company: DirectTV, Dish Network
  • Hvac: Ceiling Fan, High Efficiency Furnace
  • Water Type: Pond
  • Well Type: Private

Schools

  • School District: Spencer-Owen Community Schools
  • Elementary School: Spencer
  • Middle School: Owen Valley
  • High School: Owen Valley

Lot Info

  • Lot Description: Irregular, Partially Wooded, Waterfront, 15+, Lake, Water View, Wooded
  • Lot Dimensions: irregular
  • Estimated Lot Sq Ft: 1155647
  • Estimated Lot Size Acres: 26.53

Green Features

  • Energy Efficient: Water Heater, Windows
  • Energy Efficient Windows/Doors: Double Pane Windows

Tax Info

  • Annual Taxes: 2012.96
  • Exemptions: Homestead, Over 65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2020
Sold by
Mobley Brian R
Bought by
Headdy J D
Current Estimated Value
$403,057

Purchase Details

Closed on
Sep 6, 2017
Sold by
Jr
Bought by
Jeff Headdy

Purchase Details

Listed on
Sep 12, 2016
Closed on
Jan 25, 2017
Sold by
Smith Billy D
Bought by
Dallas Headdy Jr Jerry
List Price
$329,900
Sold Price
$250,000
Premium/Discount to List
-$79,900
-24.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.63%

Purchase Details

Closed on
Jan 25, 2016
Sold by
Smith Billy D and Smith Janet M
Bought by
Headdy Jerry Dallas and Headdy Ann M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Headdy J D -- None Available
Jeff Headdy $80,000 --
Dallas Headdy Jr Jerry $250,000 --
Headdy Jerry Dallas -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Headdy Jerry Dallas $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2017 01/25/17 Sold $250,000 -24.2% $120 / Sq Ft
01/22/2017 01/22/17 Pending -- -- --
09/12/2016 09/12/16 For Sale $329,900 -- $159 / 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 $2,227 $283,900 $67,400 $216,500
2023 $2,567 $267,200 $64,500 $202,700
2022 $2,748 $259,900 $61,200 $198,700
2021 $2,597 $220,700 $59,700 $161,000
2020 $2,458 $212,500 $59,600 $152,900
2019 $2,277 $193,100 $46,900 $146,200
2018 $2,540 $208,600 $43,300 $165,300
2017 $1,956 $177,900 $29,100 $148,800
2016 $1,972 $174,100 $29,900 $144,200
2014 $2,032 $178,600 $29,200 $149,400
2013 -- $168,900 $27,300 $141,600
Source: Public Records

Map

Source: Indiana Regional MLS

MLS Number: 201642834

Indiana Regional MLS

APN: 60-17-09-200-040.000-016