$115,000
SOLD MAR 4, 2025

6720 N Michigan Rd Fairland, IN 46126

2 Beds
1 Bath
1,200 Sq Ft
0.29 Acres

Recently Sold

$96 Per Sq Ft

5% Above List Price

4 Days on Market

Highlights

  • No HOA
  • 2 Car Detached Garage
  • Storm Windows
  • Covered Patio or Porch
  • Eat-In Kitchen
  • Woodwork

About This Home

As of March 2025

Fixer-Upper with Great Potential - This charming 2-bedroom, 1-bathroom home is packed with potential and just waiting for the right buyer to make it their own. Located just 5 minutes from the popular Indiana Grand Racing & Casino, this property offers the perfect opportunity for someone looking to put in a little sweat equity and build instant value. Key Features: Two Bedrooms - With the possibility of converting the home back to its original 3-bedroom layout, there's plenty of room for customization. 2-Car Garage - Ample space for parking or a workshop. Working Baseboard Heat - Enjoy warmth and comfort in the cooler months while you plan your updates. Cosmetic Updates Needed - The home requires mostly cosmetic work, allowing you to update the space to your style without being locked into someone else's choices. Spacious Lot - Great potential for landscaping, outdoor entertaining, or expansion. Perfect for investors, first-time homebuyers, or anyone looking for a home with great bones and plenty of upside! Don't miss out on this opportunity to create your dream home in an ideal location. Offered As-Is. Schedule your showing today!

Last Agent to Sell the Property

Toby Lewis

United Real Estate Indpls Brokerage Email: yirlewis@gmail.com License #RB16001076 Listed on: 01/20/2025

United Real Estate Indpls

Last Buyer's Agent

JD Holly

Assist-2-Sell

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $904

Year Built

  • Built in 1984

Parking

  • 2 Car Detached Garage

Home Design

  • Bungalow
  • Fixer Upper
  • Wood Foundation
  • Vinyl Siding

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Combination Kitchen and Dining Room
  • Attic Access Panel
  • Storm Windows

Kitchen

  • Eat-In Kitchen
  • Electric Oven

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom

Utilities

  • Baseboard Heating
  • Well
  • Electric Water Heater

Additional Features

  • Covered Patio or Porch
  • 0.29 Acre Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 33
  • Assessor Parcel Number 730233100027000013
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$904

Year Built

Built in 1984

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1984
  • Building Area Total: 1200
  • Garage Y N: Yes
  • Lot Size Acres: 0.29
  • Subdivision Name: No Subdivision
  • Inspection Warranties: General
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: yirlewis@gmail.com
  • Attribution Contact: yirlewis@gmail.com
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: None, Electric Water Heater, Electric Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Attic Access, Storms Some, Walk-in Closet(s), Wood Work Stained, Eat-in Kitchen
  • Living Area: 1200
  • Other Equipment: Not Applicable
  • Spa Y N: No
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1200
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Vinyl Siding
  • Direction Faces: West
  • Exterior Features: Not Applicable
  • Foundation Details: Wood
  • Patio And Porch Features: Covered Porch
  • Pool Private Y N: No
  • Property Condition: Fixer
  • View Y N: No
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

  • Utilities: Electricity Connected
  • Cooling: None
  • Heating: Baseboard, Electric
  • Water Source: Private Well
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Lot Features: Not In Subdivision
  • Property Attached Yn: No
  • Additional Parcels: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 12632
  • Parcel Number: 730233100027000013
  • Acres: 1/4-1/2 Acre

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 904
  • Tax Lot: 33
  • Semi Annual Property Tax Amt: 452

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2025
Closed on
Feb 25, 2025
Sold by
Lopez Cathryn A Flores and Goode Juanita
Bought by
Schuster Eian and Schuster Stacia
Seller's Agent
Toby Lewis
United Real Estate Indpls
Buyer's Agent
JD Holly
Assist-2-Sell
List Price
$110,000
Sold Price
$115,000
Premium/Discount to List
$5,000
4.55%
Views
70
Current Estimated Value
$151,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,348
Avg. Annual Appreciation
58.05%
Original Mortgage
$103,500
Outstanding Balance
$102,988
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$48,360

Purchase Details

Closed on
Jul 2, 2013
Sold by
O P T I O N S Llc
Bought by
Burns Wayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,723
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 6, 2012
Sold by
West Frances and Wells Fargo Bank Na
Bought by
Options Llc

Purchase Details

Closed on
Aug 16, 2005
Sold by
Us Bank Na
Bought by
West Frances

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,200
Interest Rate
7.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 21, 2005
Sold by
Mcdonald Philip G and Us Bank N A
Bought by
Us Bank N A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,200
Interest Rate
7.99%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Available
Sheriffs Deed $36,001 None Available
Special Warranty Deed $72,000 --
Sheriffs Deed $80,665 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $103,500 New Conventional
Previous Owner $63,723 FHA
Previous Owner $74,200 Adjustable Rate Mortgage/ARM
Previous Owner $74,200 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2025 03/04/25 Sold $115,000 +4.5% $96 / Sq Ft
01/24/2025 01/24/25 Pending -- -- --
01/20/2025 01/20/25 For Sale $110,000 -- $92 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $948 $164,000 $13,900 $150,100
2023 $905 $157,900 $13,900 $144,000
2022 $807 $139,100 $12,300 $126,800
2021 $570 $112,500 $12,300 $100,200
2020 $400 $94,000 $12,300 $81,700
2019 $400 $93,200 $12,100 $81,100
2018 $332 $86,500 $12,100 $74,400
2017 $300 $83,200 $12,100 $71,100
2016 $269 $82,200 $11,500 $70,700
2014 $253 $82,200 $11,500 $70,700
2013 $253 $82,200 $11,500 $70,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22017867

MIBOR Broker Listing Cooperative®

APN: 73-02-33-100-027.000-013