NOT LISTED FOR SALE

5601 E County Road 500 N Albany, IN 47320

Estimated Value: $227,000 - $526,000

2 Beds
2 Baths
1,536 Sq Ft
$239/Sq Ft Est. Value

Sale Details

Date Sold: October 21, 2014

Last sale price $140,000 $91 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $2,127 / mo

6 Days on Market

Highlights

  • Waterfront
  • 11.71 Acre Lot
  • Lake, Pond or Stream
  • Royerton Elementary School Rated A-
  • Dumbwaiter
  • Vaulted Ceiling

About This Home

As of October 2014

This is really great property at an equally great price. Yes, this is a foreclosure and offered "as is-where is", but it seems in pretty good shape and offers 11.71 acres with good proximity to North Muncie and the I-67 Bypass. This is an Albany address, but it's basically just East of Delta High School. According to past Realtor data, this was rebuilt in 2004. The home is 1536 sq ft and has a huge great room with an eat-in dining area and quality cabinets (by Richard's Kitchen and Baths). No appliances. The home has 2 bedrooms and 2 full baths. It also has a family room off the garage that could be closed off and made into another bedroom. The large master bedroom has a good size bath attached to it between a large walk-in closet. Off the back of the home is a screened in porch. There is a large 2 car attached garage, then there is another 2 car detached garage. This property has a good size pond and my favorite is the large horse barn with 5 stalls and heated tack room, 2 exhaust fans and hay drop. It also has an automatic water system, it appears to be a dry lot, and it had/has a fenced pasture. I'm told this barn can hold 500 bales. Circular gravel driveway to barn. First come first serve! Call for your showing today.

Last Agent to Sell the Property

Steve Slavin

Coldwell Banker Real Estate Group Listed on: 08/22/2014

Coldwell Banker Real Estate Group

Last Buyer's Agent

Janet Blackmer

Coldwell Banker Real Estate Group

Coldwell Banker Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,875

Year Built

  • Built in 1977

Lot Details

  • 11.71 Acre Lot
  • Waterfront
  • Rural Setting
  • Partially Fenced Property
  • Landscaped
  • Level Lot
  • Irregular Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Poured Concrete
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Crawl Space
  • Pull Down Stairs to Attic
  • Gas Dryer Hookup

Kitchen

  • Dumbwaiter
  • Oven or Range
  • Laminate Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub With Separate Shower Stall
  • Garden Bath

Home Security

  • Home Security System
  • Intercom
  • Storm Windows

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Lake, Pond or Stream
  • Enclosed Patio or Porch

Farming

  • Livestock Fence
  • Pasture

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Private Company Owned Well
  • Well
  • Septic System
  • Multiple Phone Lines

Listing and Financial Details

  • Assessor Parcel Number 18-08-19-126-003.000-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,875

Year Built

Built in 1977

Lot Details

11.71 Acres

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1977
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Pt NE Qtr NW Qtr 11.7100 acres
  • Parcel Number ID: 18-08-19-126-003.000-004
  • Platted: Yes
  • Amenities: Alarm System-Security, Attic Pull Down Stairs, Ceilings-Vaulted, Closet(s) Walk-in, Countertops-Laminate, Dryer Hook Up Gas, Dumbwaiter, Jet/Garden Tub, Intercom, Landscaped, Multiple Phone Lines, Porch Covered, Porch Enclosed, Range/Oven Hk Up Gas/Elec, Storm Windows, Tub and Separate Shower
  • Location: Rural
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1536
  • Total Finished Sq Ft: 1536
  • Above Grade Finished Sq Ft: 1536
  • Basement Foundation: Crawl
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Tile, Vinyl
  • Living Great Room: Dimensions: 16x23, On Level: Main
  • Kitchen: Dimensions: 23x10, On Level: Main
  • Family Room: Dimensions: 12x15, On Level: Main
  • Bedroom 1: Dimensions: 12x14, On Level: Main
  • Bedroom 2: Dimensions: 25x14, On Level: Main
  • Bedroom 3: Dimensions: 12x14, On Level: Main
  • Other Room1: Sun Room - unfin., Dimensions: 12x19
  • Main Level Sq Ft: 1536
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: 2nd Detached Garage, Dimensions: 24x24
  • Fence: Partial, Farm
  • Outbuilding2: Barn, Dimensions: 50x30, 1500

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 23x23

Utilities

  • Cooling: Central Air
  • Heating Fuel: Propane, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Hvac: Ceiling Fan
  • Water Type: Pond
  • Well Type: Private

Lot Info

  • Lot Description: Irregular, Level, Pasture
  • Lot Dimensions: x
  • Estimated Lot Sq Ft: 510088
  • Estimated Lot Size Acres: 11.71

Green Features

  • Energy Efficient: Windows
  • Energy Efficient Windows/Doors: Double Pane Windows, Storm Windows

Tax Info

  • Annual Taxes: 1875.48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2014
Closed on
Oct 21, 2014
Sold by
Prime Trust Fcu
Bought by
Eldridge Christopher S and Eldridge Delayna L
Seller's Agent
Steve Slavin
Coldwell Banker Real Estate Group
Buyer's Agent
Janet Blackmer
Coldwell Banker Real Estate Group
List Price
$149,900
Sold Price
$140,000
Premium/Discount to List
-$9,900
-6.6%
Current Estimated Value
$366,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,507
Avg. Annual Appreciation
8.73%
Original Mortgage
$165,169
Outstanding Balance
$125,867
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$240,640

Purchase Details

Closed on
Jul 17, 2014
Sold by
Delaware County Sheriff
Bought by
Primetrust Financial Fcu

Purchase Details

Closed on
Jun 15, 2010
Sold by
Harty Joan L
Bought by
Welch Sonya L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Eldridge Christopher S -- In Ttitle
Primetrust Financial Fcu -- --
Welch Sonya L -- Youngs Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eldridge Christopher S $165,169
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2014 10/21/14 Sold $140,000 -6.6% $91 / Sq Ft
08/28/2014 08/28/14 Pending -- -- --
08/22/2014 08/22/14 For Sale $149,900 -- $98 / Sq Ft
Source: Indiana Regional MLS

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
2025 $2,360 $312,400 $44,800 $267,600
2024 $2,313 $256,300 $44,800 $211,500
2023 $2,640 $258,100 $44,800 $213,300
2022 $2,565 $254,900 $44,800 $210,100
2021 $2,266 $207,900 $44,800 $163,100
2020 $2,142 $192,700 $44,800 $147,900
2019 $1,830 $177,700 $40,700 $137,000
2018 $1,646 $168,800 $40,700 $128,100
2017 $1,566 $163,500 $39,000 $124,500
2016 $1,536 $165,800 $41,000 $124,800
2014 $1,626 $172,700 $61,700 $111,000
2013 -- $171,500 $61,700 $109,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201437161

Indiana Regional MLS

APN: 18-08-19-126-003.000-004

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