$499,000

6825 E State Road 45 Bloomington, IN 47408

Estimated payment $3,222/month

Total Views 8,323
7 Beds
5 Baths
1,944 Sq Ft
$257 Price per Sq Ft

Highlights

  • Open Floorplan
  • Partially Wooded Lot
  • Skylights
  • Unionville Elementary School Rated A
  • Backs to Open Ground
  • Double Vanity

About This Home

Escape to the tranquility and privacy of this rare rural property offering not one, but three distinct parcels with endless possibilities. Located in a serene area with plenty of space to breathe, this property is perfect for those looking to enjoy quiet living while still maintaining a connection to the income-generating potential of the land. Please note, due to shared access, all four parcels will be sold together as a single unit, creating an ideal opportunity for someone with vision to enhance or develop the property further. Property #1 features a 2-bedroom, 2-bathroom trailer – an efficient space offering comfort and ease of living. Property #2 boasts a charming 3-bedroom, 2-bathroom stick-built berm home, designed to blend harmoniously with the environment. The adjacent garage is spacious enough to accommodate a large vehicle, motorhome, or three total vehicles, and includes a separate workshop, perfect for projects or storage needs. Property #3 offers a 3-bedroom, 1-bathroom home that is in need of renovation and is for sale as-is, providing the ideal blank canvas to restore or reimagine according to your taste. All three properties are currently occupied and producing rental income, making this a smart investment for the right buyer. Whether you’re seeking a quiet retreat or a multi-property income-generating opportunity, seize this one-of-a-kind property to create your dream rural lifestyle while securing a valuable real estate investment. Owner is a licensed realtor.

Listing Agent

Eileen Mejia

Mejia Realty LLC Brokerage Phone: 317-679-1289 Listed on: 03/27/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,589

Year Built

  • Built in 1989

Lot Details

  • 3.2 Acre Lot
  • Backs to Open Ground
  • Irregular Lot
  • Lot Has A Rolling Slope
  • Partially Wooded Lot

Home Design

  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,944 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Skylights
  • Crawl Space
  • Laminate Countertops

Flooring

  • Carpet
  • Luxury Vinyl Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Walk-In Closet
  • 5 Full Bathrooms
  • Double Vanity

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 7 Parking Spaces
  • Off-Street Parking

Schools

  • Unionville Elementary School
  • Jackson Creek Middle School
  • Bloomington North High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Septic System

Listing and Financial Details

  • The owner pays for lawn maintenance, water softener
  • Assessor Parcel Number 53-06-18-100-033.000-003
  • Seller Concessions Not Offered

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $400
  • Insurance Expense $3,600
  • Maintenance Expense $6,000
  • Trash Expense $675
  • Water Sewer Expense $1,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,589

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1989
  • Age: 36
  • Style: One Story
  • Bedrooms: 7
  • Number Above Grade Bedrooms: 7
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: Parcels included in sale are as follows: 1. 53-06-18-100-033.000-003 containing 0.44 AC 2. 53-06-17-200-001.000-003 containing 0.31 AC 3. 53-06-17-200-010.000-003 containing 1.24 AC 4. 53-06-17-200-005.000-003 containing 1.21 AC
  • Parcel Number ID: 53-06-18-100-033.000-003
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Skylights, Ceiling-9+, Closet(s) Walk-in, Countertops-Laminate, Deck Open, Detector-Carbon Monoxide, Detector-Smoke, Open Floor Plan, Twin Sink Vanity, Water Heater Gas
  • Parcel Id2: 53-06-17-200-001.000-003
  • Zoning Description: Residential
  • Annual Miscellaneous: 2200
  • Monthly Gross Income: 3800
  • County Zoning: A1
  • Year Taxes Payable: 2024
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1944
  • Total Finished Sq Ft: 1944
  • Above Grade Finished Sq Ft: 1944
  • Price Per Sq Ft: 256.69
  • Basement Foundation: Crawl, Slab
  • Flooring: Carpet, Mixed, Vinyl Tile, Vinyl
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 7

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Septic
  • Water Utilities: Public
  • Annual Electric: 400
  • Annual Insurance Expense: 3600
  • Annual Maintenance Expense: 6000
  • Annual Trash Expense: 675
  • Annual Water Sewer Expense: 1440
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Of W D Hookups: 3
  • Number Water Meters: 3

Schools

  • School District: Monroe County Community School Corp.
  • Elementary School: Unionville
  • Middle School: Jackson Creek
  • High School: Bloomington North
  • Elementary School: Unionville

Lot Info

  • Lot Description: Irregular, Partially Wooded, Rolling, Slope, 3-5.9999
  • Lot Dimensions: total 3.20 AC
  • Estimated Lot Sq Ft: 139392
  • Estimated Lot Size Acres: 3.2

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Water Softener
  • Tenant Pays: Cooling, Electric, Heating, Water, Deposit Value

Multi Family

  • Gross Monthly Rent: 3800
  • Number Of Dishwashers: 3
  • Number Of Dryers: 3
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 3
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 2
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 5588.96

MLS Schools

  • High School: Bloomington North
  • Middle School: Jackson Creek
  • School District: Monroe County Community School Corp.

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,100 $71,800 $31,800 $40,000
2023 $496 $61,500 $26,100 $35,400
2022 $522 $36,200 $17,000 $19,200
2021 $581 $34,700 $17,000 $17,700
2020 $529 $35,900 $17,000 $18,900
2019 $445 $31,800 $14,200 $17,600
2018 $451 $31,900 $14,200 $17,700
2017 $455 $32,000 $14,200 $17,800
2016 $447 $32,000 $14,200 $17,800
2014 $426 $32,600 $14,200 $18,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2025 03/27/25 For Sale $499,000 0.0% $257 / Sq Ft
03/26/2025 03/26/25 For Sale $499,000 0.0% $257 / Sq Ft
03/05/2025 03/05/25 Rented $1,200 0.0% --
02/21/2025 02/21/25 Under Contract -- -- --
12/04/2024 12/04/24 For Rent $1,200 0.0% --
12/21/2017 12/21/17 Sold $238,000 -4.4% $122 / Sq Ft
11/08/2017 11/08/17 Pending -- -- --
08/17/2017 08/17/17 For Sale $249,000 -- $128 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $238,000 Title Plus
Source: Public Records

Similar Homes in Bloomington, IN

  • 1101 S Rogers St, Bloomington, IN 47403

    $435,000

    • 5 Beds
    • 3 Baths
    • 1,676 Sq Ft
    • 1101 S Rogers St
    • Bloomington, IN

    This well-maintained triplex sits in the heart of Bloomington’s vibrant McDoel Gardens neighborhood—just steps from Switchyard Park, the B-Line Trail, Hopscotch Coffee, Cardinal Spirits, and Southern Stone Restaurant. This property has a HAND rental permit - 3 unrelated tenants PER UNIT! Located on the city bus line, the property offers both exceptional convenience and strong tenant appeal. Each

    Laura Stevens The Indiana Team LLC

    Section Image
  • 614 S Lincoln St, Bloomington, IN 47401

    $469,000

    • 5 Beds
    • 3 Baths
    • 2,292 Sq Ft
    • 614 S Lincoln St
    • Bloomington, IN

    Rare opportunity duplex (Apt 1 - 1 bedroom, Apt 2 - 4 bedroom) with 8 total (3 and 5) occupancy permit and detached garage! New roof in 2022, new exterior main drain line to city sewer in 2021! Apt 1 leased for $850/mo and A9t 2 leased for $2,796/mo through July 2026. Minimum 24hr notice to tenants required for showing.

    David Kerber Bloomington Property Services

    Section Image
  • 308 S Madison St, Bloomington, IN 47403

    $499,000

    • 5 Beds
    • 3 Baths
    • 2,351 Sq Ft
    • 308 S Madison St
    • Bloomington, IN

    Great investment for an owner-occupant with added income unit (or in-law unit), or fully rent both units (308 & 308.5 S Madison). Located in the heart of downtown Bloomington! Easy access to Indiana University, Kirkwood Ave, Bloomingfoods, Farmers' Market, B-Line trail, etc . Occupancy permit in-place for 7 total. The main house (308 S Madison) has 5 bedrooms and 2 full bathrooms. It boasts a

    Scott Owens Owens Realty Group

    Section Image

Source: Indiana Regional MLS

MLS Number: 202510045

Indiana Regional MLS

APN: 53-06-17-200-001.000-003