NOT LISTED FOR SALE

5586 E Farmington Rd Gas City, IN 46933

Estimated Value: $328,000 - $371,975

2 Beds
1 Bath
1,842 Sq Ft
$188/Sq Ft Est. Value

Last Sold March 17, 2021

Last sale price $241,000 $131 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $2,174/month

41 Days on Market

Highlights

  • 11.99 Acre Lot
  • Covered Patio or Porch
  • 2 Car Detached Garage
  • Wood Flooring
  • Workshop
  • Eat-In Kitchen

About This Home

As of March 2021

Country living just on the outskirts of Gas City! Looking for room to expand and spread out? Look no further with this oversized 2 bedroom, 1 bath home sitting on just shy of 12 acres. This home features tons of living space a large living and family room, a detached 24x24 2 car garage, large covered porch, stone exterior, newer roof and windows, and a small duck pond on the back of the property. But wait! We are not done yet! The property also includes a 2,400 sq ft pole barn with 1,400 sq ft of shop area and a 1,000 sq ft 1 bedroom apartment. This is the man-cave/she-shed you have been looking for! Possibilities are limitless!

Last Agent to Sell the Property

Nate Nicholson

Nicholson Realty 2.0 LLC Listed on: 12/22/2020

Last Buyer's Agent

RACI NonMember

NonMember RACI

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,556

Year Built

  • Built in 1970

Lot Details

  • 11.99 Acre Lot
  • Lot Dimensions are 578x1093
  • Rural Setting
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway

Home Design

  • Asphalt Roof
  • Stone Exterior Construction

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Self Contained Fireplace Unit Or Insert
  • Entrance Foyer
  • Workshop

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Electric Dryer Hookup

Basement

  • Block Basement Construction
  • Basement Cellar

Outdoor Features

  • Covered Patio or Porch

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 27-07-36-100-019.000-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,556

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1970
  • Age: 51
  • Style: One Story
  • Total Number of Rooms: 6
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: 06-02-451.01; PT SW NE; SEC 36; 27.177A
  • Parcel Number ID: 27-07-36-100-019.000-016
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Countertops-Laminate, Dryer Hook Up Electric, Eat-In Kitchen, Foyer Entry, Garage Door Opener, Patio Covered, Porch Open, Range/Oven Hook Up Elec, Workshop, Main Floor Laundry
  • Location: Rural
  • Sp Lp Percent: 100.46
  • Year Taxes Payable: 2020
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2242
  • Total Finished Sq Ft: 1842
  • Above Grade Finished Sq Ft: 1842
  • Below Grade Sq Ft: 400
  • Price Per Sq Ft: 130.84
  • Basement: Yes
  • Basement Foundation: Cellar
  • Basement Material: Block
  • Number Of Fireplaces: 1
  • Fireplace: Wood Burning, Fireplace Insert, Wood Burning Stove
  • Fireplace: Yes
  • Flooring: Hardwood Floors, Carpet, Vinyl
  • Living Great Room: Dimensions: 21x20, On Level: Main
  • Kitchen: Dimensions: 15x12, On Level: Main
  • Family Room: Dimensions: 27x15, On Level: Main
  • Extra Room: Apartment Office, Dimensions: 15x11, On Level: Main
  • Bedroom 1: Dimensions: 13x11, On Level: Main
  • Bedroom 2: Dimensions: 12x10, On Level: Main
  • Other Room1: Apartment Kitchen, Dimensions: 13x11, On Level: Main
  • Other Room 2: Apartment Living Room, Dimensions: 20x10, On Level: Main
  • Other Room 3: Apartment Bed Room, Dimensions: 12x10, On Level: Main
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 400

Exterior Features

  • Exterior: Stone
  • Roof Material: Asphalt
  • Outbuilding1: None

Garage/Parking

  • Driveway: Asphalt, Gravel
  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x24
  • Garage Sq Ft: 576
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electric, Heat Pump
  • Sewer: Septic
  • Water Utilities: Well
  • Laundry: Dimensions: Mainx10, On Level: 10
  • Well Type: Private

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: Level, 10-14.999
  • Lot Dimensions: 578x1093
  • Estimated Lot Sq Ft: 522284
  • Estimated Lot Size Acres: 11.99

Tax Info

  • Annual Taxes: 1555.68

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
Dec 22, 2020
Closed on
Mar 17, 2021
Sold by
Landis Jerry D and Landis Rosalie L
Bought by
Hanger Todd and Groce Debra
Seller's Agent
Nate Nicholson
Nicholson Realty 2.0 LLC
Buyer's Agent
RACI NonMember
NonMember RACI
List Price
$239,900
Sold Price
$241,000
Premium/Discount to List
$1,100
0.46%
Current Estimated Value
$355,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,314
Avg. Annual Appreciation
7.10%
Original Mortgage
$228,950
Outstanding Balance
$208,327
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$117,834

Purchase Details

Closed on
Dec 8, 2019
Sold by
Landis Jerry D
Bought by
Landis Jerry D and Landis Rosalie L

Purchase Details

Closed on
Aug 30, 2016
Sold by
Wilson Philip and Landis Jerry D
Bought by
Wilson Philip and Landis Jerry D

Purchase Details

Closed on
Mar 16, 2015
Sold by
Wilson Phillip and Landis Jerry D
Bought by
Wilson Phillip and Landis Jerry D
Source: Public Records

Range of Values:

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Average Value
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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
Hanger Todd $241,000 None Available
Landis Jerry D -- None Available
Wilson Philip -- Attorney
Wilson Phillip -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanger Todd $228,950
Previous Owner Landis Jerry D $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2021 03/17/21 Sold $241,000 +0.5% $131 / Sq Ft
12/22/2020 12/22/20 For Sale $239,900 -- $130 / 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 $2,750 $275,600 $38,400 $237,200
2023 $2,639 $253,000 $36,500 $216,500
2022 $2,565 $232,200 $34,500 $197,700
2021 $2,026 $167,200 $45,500 $121,700
2020 $1,977 $162,200 $45,400 $116,800
2019 $1,556 $155,000 $49,100 $105,900
2018 $1,580 $149,800 $47,200 $102,600
2017 $1,352 $151,900 $50,300 $101,600
2016 $1,513 $150,900 $51,700 $99,200
2014 $1,505 $155,400 $52,900 $102,500
2013 $1,505 $151,700 $49,100 $102,600
Source: Public Records

Agents Affiliated with this Home

  • Nate Nicholson

    Seller's Agent in 2021

    Nate Nicholson

    Nicholson Realty 2.0 LLC

    (765) 661-8516

    141 Total Sales

    Section Image

  • R

    Buyer's Agent in 2021

    RACI NonMember

    NonMember RACI

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Map

Source: Indiana Regional MLS

MLS Number: 202049639

Indiana Regional MLS

APN: 27-07-36-100-019.000-016

Indiana Grant County Gas City 46933

5586 E Farmington Rd, Gas City, IN

This home is located at 5586 E Farmington Rd, Gas City, IN 46933 since 22 December 2020 and is currently estimated at $345,994, approximately $187 per square foot. This property was built in 1970. 5586 E Farmington Rd is a home located in Grant County with nearby schools including Westview Elementary School, Northview Elementary School, and R.J. Baskett Middle 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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