NOT LISTED FOR SALE

55850 Alverstone Dr W Middlebury, IN 46540

Estimated Value: $532,000 - $589,000

5 Beds
3.5 Baths
4,173 Sq Ft
$136/Sq Ft Est. Value

Last Sold December 19, 2022

Last sale price $475,000 $114 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,326/month

38 Days on Market

Highlights

  • Primary Bedroom Suite
  • Wood Flooring
  • Bathtub with Shower
  • Traditional Architecture
  • 3 Car Attached Garage
  • Entrance Foyer

About This Home

As of December 2022

BACK ON THE MARKET DUE TO NO FAULT OF SELLERS. NEED SPACE? THIS HOUSE HAS LOTS OF SPACE AND THE POSSIBILITIES ARE ENDLESS ON HOW IT IS USED…5 bedrooms plus Rec room, possible basement kitchenette, mother in law space, home schooling, etc. WHATEVER YOUR NEEDS ARE THIS HOME IS FOR YOU! Located in The Summit in Middlebury. Enter this beautiful home and be in awe of the 2-story entry! The home offers 5 bedrooms, 3.5 baths and a 3- car garage. Gorgeous kitchen with island, copper vent hood and built-in trash drawer. Large dining area boasts a beverage cooler and wet bar sink. Flooring is a combination of hardwood, carpet and tile. Office, Laundry and Master En Suite that features a coffered ceiling with a huge walk-in closet are all on the main floor. Living room windows allow for lots of natural light. Custom built-ins in many areas of the home including bedroom closets. Basement includes a full-bath and bedroom, comfy family area and a bar area that is plumbed for water and includes a drain. Additional entrance through garage to basement. Additional basement space could be great home schooling, craft room, etc., the potential is endless! Well organized large utility room. Abundance of storage! Enjoy the outdoors relaxing on the back patio. Storage shed and in-ground sprinkler system complete the outside. Close to shopping, schools and town conveniences but feels like country.

Last Agent to Sell the Property

Stacha Gochenour

In-Tx Realty Listed on: 10/11/2022

Last Buyer's Agent

Derek Pearson

Perfect Location Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,098

Year Built

  • Built in 2015

Lot Details

  • 0.79 Acre Lot
  • Irregular Lot
  • Irrigation

HOA Fees

  • $6 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Asphalt Roof
  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Central Vacuum
  • Ceiling Fan
  • Entrance Foyer
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • Bathtub with Shower
  • Separate Shower

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement

Schools

  • York Elementary School
  • Northridge Middle School
  • Northridge High School

Utilities

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

Community Details

  • The Summit Subdivision

Listing and Financial Details

  • Assessor Parcel Number 20-08-04-302-010.000-034

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,098

Year Built

Built in 2015

Lot Details

0

HOA Fees

$6 per month

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 2015
  • Age: 7
  • Style: Two Story
  • Architectural Style: Traditional
  • Total Number of Rooms: 19
  • Total Number of Rooms Below Grade: 6
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Legal Description: THE SUMMIT SEC SEVEN LOT 58
  • Parcel Number ID: 20-08-04-302-010.000-034
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Central Vacuum System, Foyer Entry, Garage Door Opener, Irrigation System, Stand Up Shower, Tub/Shower Combination, Main Level Bedroom Suite, Main Floor Laundry, Sump Pump
  • Grid: 60 Elkhart Co.
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 95.02
  • Year Taxes Payable: 2021
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 4424
  • Total Finished Sq Ft: 4173
  • Above Grade Finished Sq Ft: 2673
  • Below Grade Finished Sq Ft: 1500
  • Below Grade Sq Ft: 251
  • Price Per Sq Ft: 177.7
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Poured Concrete
  • Flooring: Hardwood Floors, Carpet, Tile
  • Living Great Room: Dimensions: 17x17, On Level: Main
  • Kitchen: Dimensions: 15x15, On Level: Main
  • Dining Room: Dimensions: 17x13, On Level: Main
  • Family Room: Dimensions: 18x14, On Level: Basement
  • Recreation Room: Dimensions: 18x14, On Level: Basement
  • Extra Room: Bar Area, Dimensions: 14x13, On Level: Basement
  • Bedroom 1: Dimensions: 15x14, On Level: Main
  • Bedroom 2: Dimensions: 13x11, On Level: Upper
  • Bedroom 3: Dimensions: 12x11, On Level: Upper
  • Bedroom 4: Dimensions: 13x12, On Level: Upper
  • Bedroom 5: Dimensions: 15x13, On Level: Basement
  • Other Room1: Office, Dimensions: 13x12, On Level: Main
  • Other Room 2: Storage, Dimensions: 16x13, On Level: Basement
  • Other Room 3: Dimensions: 20x15, On Level: Basement
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 1751

Exterior Features

  • Exterior: Stone, Vinyl
  • Roof Material: Asphalt
  • Outbuilding1: None, Dimensions: 10x12

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Attached
  • Garage Number Of Cars: 3
  • Garage Size: Dimensions: 30x37
  • Garage Sq Ft: 1110
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Laundry: Dimensions: Mainx6, On Level: 15
  • Well Type: Private

Condo/Co-op/Association

  • Association Fees: 75
  • Association Fees Frequency: Annually

Schools

  • School District: Middlebury Community Schools
  • Elementary School: York
  • Middle School: Northridge
  • High School: Northridge
  • Elementary School: York

Lot Info

  • Lot Description: Irregular
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 34412
  • Estimated Lot Size Acres: 0.79

Tax Info

  • Annual Taxes: 4097.98

MLS Schools

  • High School: Northridge
  • Middle School: Northridge
  • School District: Middlebury Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2022
Closed on
Dec 20, 2022
Sold by
Groom Richard L and Groom Robin B
Bought by
Ruiz Miguel A Munoz and Munoz Dely
Seller's Agent
Stacha Gochenour
In-Tx Realty
Buyer's Agent
Derek Pearson
Perfect Location Realty
List Price
$499,900
Sold Price
$475,000
Premium/Discount to List
-$24,900
-4.98%
Views
80
Current Estimated Value
$524,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,501
Avg. Annual Appreciation
5.84%
Original Mortgage
$115,000
Outstanding Balance
$112,293
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$439,197

Purchase Details

Closed on
Oct 26, 2017
Sold by
Neely James M and Neely Brandi A
Bought by
Groom Richard L and Groom Robin B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3.78%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Ruiz Miguel A Munoz -- Fidelity National Title
Groom Richard L -- Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruiz Miguel A Munoz $115,000
Previous Owner Groom Richard L $308,000
Previous Owner Groom Richard L $308,000
Previous Owner Groom Richard L $280,000
Previous Owner Neely James M $60,000
Previous Owner Neely James M $215,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2022 12/19/22 Sold $475,000 -5.0% $114 / Sq Ft
11/29/2022 11/29/22 For Sale $499,900 0.0% $120 / Sq Ft
11/18/2022 11/18/22 Pending -- -- --
11/03/2022 11/03/22 Price Changed $499,900 -3.8% $120 / Sq Ft
10/18/2022 10/18/22 Price Changed $519,900 -2.6% $125 / Sq Ft
10/11/2022 10/11/22 For Sale $534,000 -- $128 / 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 $5,074 $537,800 $39,600 $498,200
2022 $5,074 $453,600 $39,700 $413,900
2021 $4,113 $409,800 $39,700 $370,100
2020 $4,045 $403,000 $39,700 $363,300
2019 $3,833 $381,800 $39,700 $342,100
2018 $3,823 $380,800 $24,500 $356,300
2017 $3,624 $360,900 $24,500 $336,400
2016 $3,445 $343,000 $24,500 $318,500
2014 $20 $1,000 $1,000 $0
2013 -- $1,000 $1,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202242498

Indiana Regional MLS

APN: 20-08-04-302-010.000-034