NOT LISTED FOR SALE

Estimated Value: $430,000 - $487,716

11 Beds
4.5 Baths
3,800 Sq Ft
$122/Sq Ft Est. Value

Last Sold November 30, 2021

Last sale price $360,000 $95 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,202/month

205 Days on Market

Highlights

  • Hot Water Heating System
  • 10 Car Garage
  • Wall to Wall Carpet
  • Shoemaker Elementary School Rated 9+

About This Home

As of November 2021

Welcome to 5750 Indian Creek Road in Zionsville where a Very Unique Investment Opportunity Awaits! 3 Separate Home Dwellings with 4 Total Units on a 1.26 Acre Lot! Main Front Stone Home Features 5 Bedrooms, 1.5 Baths & Approximately 1500sf of Living Space. Middle Building Contains 2 2-Bedroom Apartments Over 2-Car Garage Bays on Ground Level. Rear Ranch Home is a 2 Bedroom, 1 Bath House with Built-In 1-Car Garage. All Units Currently Leased to Long Term Tenants. Tenants Responsible for Lawn & Landscaping along with Oil Heating and Each have Washer & Dryer Hookups! 3 Separate Septic Systems for Each Building behind the Homes with 1 Well Servicing Each Unit for Water. East Penn Schools! Call Today to Schedule Your Showing!

Last Agent to Sell the Property

Christopher Raad

Harvey Z Raad Real Estate Listed on: 04/07/2021

Last Buyer's Agent

Elijah McCready

BHHS Fox & Roach Macungie

BHHS Fox & Roach Macungie

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,312

Year Built

  • Built in 1934

Lot Details

  • 1.26 Acre Lot
  • Property is zoned R-A-RURAL AGRICULTURAL

Home Design

  • Stone

Interior Spaces

  • 3,800 Sq Ft Home
  • 2-Story Property
  • Wall to Wall Carpet
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 11 Bedrooms

Parking

  • 10 Car Garage
  • Unpaved Parking

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Oil
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 548265578384001

Community Details

Overview

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,312

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Complex, Detached
  • Technology: Smk Detector Battery
  • County Assessment: 356200.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1934
  • Special Features: None

Interior Features

  • Features: Wall-to-Wall Carpet, Wash/Dry Hook-ups
  • Bathrooms: Modern
  • Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bedrooms: 11
  • Square Footage: 3800

Exterior Features

  • Construction: Aluminum, Stone

Garage/Parking

  • Parking: Garage, Paved Lot, Unpaved Lot
  • Parking Spaces: 10

Utilities

  • Cooling: No Air
  • Heat Type: Hot Water, Oil
  • Sewer: Septic
  • Water: Well
  • Electric: 600
  • Insurance: 2500

Condo/Co-op/Association

  • Maintenance Repair: 4680

Fee Information

  • Operating Expense: 15912

Lot Info

  • Acres: 1.260
  • Lot Sq Ft: 54885
  • Zoning Code: R-A-RURAL AGRICULTURAL

Tax Info

  • Assessor Parcel Number: 548265578384001
  • County Taxes: 1346.44
  • Municipal Taxes: 160.29
  • Total Taxes: 8311.57
  • Taxes: 8132

Multi Family

  • School Taxes: 6804.84
  • Total Units: 4
  • Total Unit Count: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2021
Closed on
Nov 29, 2021
Sold by
Grammes Bryan R and Froehlich Bonnie C
Bought by
Gorla Samuel and Gorla Ashley P
Seller's Agent
Christopher Raad
Harvey Z Raad Real Estate
Buyer's Agent
Elijah McCready
BHHS Fox & Roach Macungie
List Price
$449,900
Sold Price
$360,000
Premium/Discount to List
-$89,900
-19.98%
Current Estimated Value
$464,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,179
Avg. Annual Appreciation
6.56%
Original Mortgage
$270,000
Outstanding Balance
$248,263
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$215,916

Purchase Details

Closed on
Nov 5, 1998
Sold by
Grammes Roland E and Grammes Carol A
Bought by
Grammes Roland E and Grammes Carol A

Purchase Details

Closed on
Jul 23, 1992
Sold by
Grammes Roland E and Grammes Carol A
Bought by
Grammes Roland E and Grammes Carol A

Purchase Details

Closed on
Apr 12, 1978
Bought by
Grammes Roland E and Grammes Carol A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gorla Samuel $360,000 None Available
Grammes Roland E -- --
Grammes Roland E -- --
Grammes Roland E $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gorla Samuel $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2021 11/30/21 Sold $360,000 0.0% $95 / Sq Ft
10/31/2021 10/31/21 Off Market $360,000 -- --
10/29/2021 10/29/21 Pending -- -- --
04/07/2021 04/07/21 For Sale $449,900 -- $118 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

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
2025 $9,094 $356,200 $69,700 $286,500
2024 $8,691 $356,200 $69,700 $286,500
2023 $8,516 $356,200 $69,700 $286,500
2022 $8,311 $356,200 $286,500 $69,700
2021 $8,133 $356,200 $69,700 $286,500
2020 $8,054 $356,200 $69,700 $286,500
2019 $8,004 $356,200 $69,700 $286,500
2018 $7,799 $356,200 $69,700 $286,500
2017 $7,661 $356,200 $69,700 $286,500
2016 -- $356,200 $69,700 $286,500
2015 -- $356,200 $69,700 $286,500
2014 -- $356,200 $69,700 $286,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 664731

Greater Lehigh Valley REALTORS®

APN: 548265578384-1