NOT LISTED FOR SALE

5875 Three Oaks Ln Spencer, IN 47460

Estimated Value: $531,000 - $703,000

4 Beds
3 Baths
3,318 Sq Ft
$184/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $380,000 $115 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $3,602/month

40 Days on Market

Highlights

  • Primary Bedroom Suite
  • Vaulted Ceiling
  • Partially Wooded Lot
  • 15.95 Acre Lot
  • Ranch Style House
  • Wood Flooring

About This Home

As of August 2020

Beautiful country home with modern amenities! This ranch over basement has 4 bedrooms, 3 bathrooms and sits on a 15.95 acre lot. The main floor features generously sized living spaces, tall ceilings, wood burning fireplace, lots of natural light, fresh paint and brand new, extra plush carpet in the living room. You’ll also find 3 bedrooms, including the master suite, on the main floor. The walkout lower level has recently been finished and features a large, open family room/rec room area, a spacious bedroom, full bathroom, utility room and unfinished storage room. Part of the 20x19 storage room could easily be made into a 5th bedroom as it has an egress window and a very tall ceiling. The outside has so much to offer as well. There is a 576 sq. ft., 2 car, detached garage, a large shelter house with picnic tables perfect for gathering and entertaining, grain silo and a nice mixtures of grassy yard and woods. Other items of note are fresh paint in almost every room, new carpet in several rooms, 4 year old high efficiency geothermal heating & cooling unit, 6” exterior walls with lots of insulation (making for low heating/cooling bills), central vacuum system and generator hook up (the generator itself is negotiable). This wonderful home is in a private, quiet area yet only 15 minutes to downtown Spencer and 15 minutes to the westside of Bloomington.

Last Agent to Sell the Property

Sally Baird

Sterling Real Estate Listed on: 06/24/2020

Last Buyer's Agent

Leticia Gonzalez

Realty Professionals

Realty Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,516

Year Built

  • Built in 2006

Lot Details

  • 15.95 Acre Lot
  • Rural Setting
  • Partially Wooded Lot

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Home Design

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

Interior Spaces

  • Central Vacuum
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement

Eco-Friendly Details

  • Energy-Efficient HVAC

Schools

  • Mccormicks Creek Elementary School
  • Owen Valley Middle School
  • Owen Valley High School

Utilities

  • Central Air
  • Geothermal Heating and Cooling
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 60-17-23-102-120.003-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,516

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 2006
  • Age: 14
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 11
  • Total Number of Rooms Below Grade: 4
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: IN N 1/2 S23 T9 R3 15.95A aka Mason Clark Sub Div Lot 3
  • Parcel Number ID: 60-17-23-102-120.003-016
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Ceilings-Vaulted, Central Vacuum System, Main Level Bedroom Suite, Main Floor Laundry
  • Location: Rural
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 98.7
  • Year Taxes Payable: 2020
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 3698
  • Total Finished Sq Ft: 3318
  • Above Grade Finished Sq Ft: 1849
  • Below Grade Finished Sq Ft: 1469
  • Below Grade Sq Ft: 380
  • Price Per Sq Ft: 205.52
  • Basement: Yes
  • Basement Foundation: Full Basement, Walk-Out Basement
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood Floors, Vinyl
  • Living Great Room: Dimensions: 16x17, On Level: Main
  • Kitchen: Dimensions: 11x10, On Level: Main
  • Dining Room: Dimensions: 14x9, On Level: Main
  • Family Room: Dimensions: 20x19, On Level: Main
  • Recreation Room: Dimensions: 27x18, On Level: Lower
  • Extra Room: Storage Room, Dimensions: 19x20, On Level: Lower
  • Bedroom 1: Dimensions: 15x12, On Level: Main
  • Bedroom 2: Dimensions: 11x10, On Level: Main
  • Bedroom 3: Dimensions: 13x11, On Level: Main
  • Bedroom 4: Dimensions: 19x17, On Level: Lower
  • Main Level Sq Ft: 1849
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 2
  • Total Below Grade Sq Ft: 1849

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Outbuilding1: None, Dimensions: 40x30

Garage/Parking

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

Utilities

  • Cooling: Central Air, Geothermal
  • Heating Fuel: Geothermal
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: REMC
  • Cable Company: DirectTV
  • Hvac: Geothermal Hvac
  • Laundry: Dimensions: Mainx8, On Level: 5
  • Well Type: Private

Schools

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

Lot Info

  • Lot Description: Partially Wooded
  • Lot Dimensions: unknown
  • Estimated Lot Sq Ft: 694782
  • Estimated Lot Size Acres: 15.95

Green Features

  • Energy Efficient: HVAC

Tax Info

  • Annual Taxes: 3516.34
  • Exemptions: Homestead, Mortgage

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2020
Closed on
Aug 14, 2020
Sold by
Sandmore Donald R and Pepperdino Sandmore Anne
Bought by
Armstrong Jerry Lee and Armstrong Velma Marie
Seller's Agent
Sally Baird
Sterling Real Estate
Buyer's Agent
Leticia Gonzalez
Realty Professionals
List Price
$385,000
Sold Price
$380,000
Premium/Discount to List
-$5,000
-1.3%
Current Estimated Value
$610,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$230,926
Avg. Annual Appreciation
9.68%
Original Mortgage
$285,000
Outstanding Balance
$252,815
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$358,111

Purchase Details

Listed on
Dec 8, 2018
Closed on
Apr 15, 2019
Sold by
Pendleton Erin Michelle and Pendleton Steven Luster
Bought by
Sandmore Donald R and Sandmore Anne L
Buyer's Agent
Kristen Weida
Indiana Uplands REALTOR Association
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.72%
Original Mortgage
$272,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2005
Sold by
Clark P Mason P and Clark Ellen K
Bought by
Pendleton Erin Michelle and Pendleton Steven Luster

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,019
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage
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
Armstrong Jerry Lee $380,000 Bethel Title Company
Sandmore Donald R -- None Available
Pendleton Erin Michelle -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Armstrong Jerry Lee $285,000
Previous Owner Sandmore Donald R $272,000
Previous Owner Pendleton Erin Michelle $52,019
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $380,000 -1.3% $115 / Sq Ft
08/03/2020 08/03/20 Pending -- -- --
06/24/2020 06/24/20 For Sale $385,000 +13.2% $116 / Sq Ft
04/15/2019 04/15/19 Sold $340,000 -2.9% $152 / Sq Ft
12/08/2018 12/08/18 For Sale $350,000 -- $157 / 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 $4,205 $500,000 $104,700 $395,300
2023 $4,269 $474,100 $104,700 $369,400
2022 $4,319 $437,400 $74,900 $362,500
2021 $3,572 $334,300 $74,900 $259,400
2020 $3,192 $310,100 $65,000 $245,100
2019 $3,516 $313,100 $77,800 $235,300
2018 $3,281 $306,900 $45,900 $261,000
2017 $2,544 $252,000 $45,900 $206,100
2016 $2,490 $246,500 $45,900 $200,600
2014 $2,469 $245,000 $45,900 $199,100
2013 -- $236,600 $45,900 $190,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202023734

Indiana Regional MLS

APN: 60-17-23-102-120.003-016