NOT LISTED FOR SALE

705 E Morgan St Spencer, IN 47460

Estimated Value: $259,000 - $268,000

3 Beds
2 Baths
1,496 Sq Ft
$176/Sq Ft Est. Value

Last Sold May 03, 2024

Last sale price $250,000 $167 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,773/month

89 Days on Market

Highlights

  • Primary Bedroom Suite
  • Ranch Style House
  • Solid Surface Countertops
  • 0.59 Acre Lot
  • Corner Lot
  • Enclosed Patio or Porch

About This Home

As of May 2024

Versatile property on 0.59 acre in Spencer city limits on SR 46! Charming brick ranch, spanning 1496 square feet w/ 3 bed/2 bath presents an exciting opportunity for both residential living & entrepreneurial pursuits, as it is zoned for residential & commercial use. Entering the front foyer w/ ample closet space you are greeted by a spacious living room, perfect for family gatherings and relaxation. The formal dining room with new LVP flooring provides an ideal space for entertaining guests that opens into the three seasons room with its charming brick floor and abundance of natural light. The kitchen featuring cherry cabinetry, sleek solid surface countertops, & updated stainless-steel appliances. The attached two-car garage comes complete with built-in cabinets and attic storage. The property boasts a fenced-in backyard, creating a secure haven for both children & pets to play. The low-maintenance brick exterior, large front porch, and new roof contribute to the property's curb appeal and durability. Updates in this well-maintained home, including a recently installed HVAC system, new windows, & a walk-in shower in the master bath. Whether you're drawn to the prospect of a charming family residence or seeking a prime location for your business, this property offers a rare and exciting opportunity.

Last Agent to Sell the Property

Corey Mauder

Century 21 Scheetz - Bloomington Brokerage Phone: 812-606-1908 Listed on: 12/26/2023

Century 21 Scheetz - Bloomington

Last Buyer's Agent

Tara White

Century 21 Scheetz - Bloomington

Century 21 Scheetz - Bloomington

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,808

Year Built

  • Built in 1966

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 10x10
  • Chain Link Fence
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation
  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 1,496 Sq Ft Home
  • Ceiling Fan
  • Double Pane Windows
  • Entrance Foyer
  • Formal Dining Room
  • Fire and Smoke Detector
  • Laundry on main level

Kitchen

  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Separate Shower

Attic

  • Storage In Attic
  • Pull Down Stairs to Attic

Schools

  • Spencer Elementary School
  • Owen Valley Middle School
  • Owen Valley High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Enclosed Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 60-10-21-300-400.109-028

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,808

Year Built

Built in 1966

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1966
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: LOT 24 LOT 25 W 1/2 LOT 26
  • Parcel Number ID: 60-10-21-300-400.109-028
  • Platted: Yes
  • Amenities: Attic Pull Down Stairs, Attic Storage, Ceiling Fan(s), Countertops-Solid Surf, Detector-Smoke, Disposal, Foyer Entry, Garage Door Opener, Porch Covered, Porch Enclosed, Stand Up Shower, Tub/Shower Combination, Main Level Bedroom Suite, Formal Dining Room, Main Floor Laundry
  • Location: City/Town/Suburb
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1496
  • Total Finished Sq Ft: 1496
  • Above Grade Finished Sq Ft: 1496
  • Basement Foundation: Slab
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Vinyl
  • Living Great Room: Dimensions: 19x19, On Level: Main
  • Kitchen: Dimensions: 12x11, On Level: Main
  • Dining Room: Dimensions: 11x17, On Level: Main
  • Bedroom 1: Dimensions: 10x16, On Level: Main
  • Bedroom 2: Dimensions: 10x12, On Level: Main
  • Bedroom 3: Dimensions: 10x11, On Level: Main
  • Other Room1: Three Seasons Room, Dimensions: 15x15
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Exterior: Aluminum, Brick
  • Roof Material: Shingle
  • Outbuilding1: None
  • Fence: Chain Link

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 21x26
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Water Company: BBP
  • Cable Company: Dish Network
  • Hvac: Ceiling Fan

Schools

  • Elementary School: Spencer

Lot Info

  • Lot Description: Corner, Level, 0-2.9999
  • Lot Dimensions: 10x10
  • Estimated Lot Sq Ft: 25700
  • Estimated Lot Size Acres: 0.59

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows

Tax Info

  • Annual Taxes: 2808

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
Dec 26, 2023
Closed on
May 2, 2024
Sold by
Caudill Wendy Pearl and Gallamore Vickie Lynn
Bought by
White Joseph
Seller's Agent
Corey Mauder
Century 21 Scheetz - Bloomington
Buyer's Agent
Tara White
Century 21 Scheetz - Bloomington
List Price
$285,000
Sold Price
$250,000
Premium/Discount to List
-$35,000
-12.28%
Views
164
Current Estimated Value
$263,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,560
Avg. Annual Appreciation
3.16%
Original Mortgage
$200,000
Outstanding Balance
$193,484
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$70,076

Purchase Details

Closed on
Mar 30, 2021
Sold by
Ridgway Geraldine
Bought by
Gallamdre Vickie Lynn and Caudill Wendy Pearl

Purchase Details

Listed on
Apr 1, 2016
Closed on
Apr 26, 2016
Sold by
Bollinger Kimberly S
Bought by
Ridgway Geraldine
List Price
$149,900
Sold Price
$140,000
Premium/Discount to List
-$9,900
-6.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.73%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
White Joseph -- None Listed On Document
Gallamdre Vickie Lynn -- None Available
Ridgway Geraldine -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open White Joseph $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/03/2024 05/03/24 Sold $250,000 -9.1% $167 / Sq Ft
02/27/2024 02/27/24 Price Changed $275,000 -3.5% $184 / Sq Ft
12/26/2023 12/26/23 For Sale $285,000 +103.6% $191 / Sq Ft
04/28/2016 04/28/16 Sold $140,000 -6.6% $93 / Sq Ft View Prior Sale
04/09/2016 04/09/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $149,900 -- $100 / 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 $4,740 $237,000 $38,600 $198,400
2023 $3,954 $197,700 $35,100 $162,600
2022 $2,808 $140,400 $35,100 $105,300
2021 $1,236 $159,600 $35,100 $124,500
2020 $1,211 $150,000 $35,100 $114,900
2019 $1,188 $139,100 $35,100 $104,000
2018 $1,164 $131,400 $35,100 $96,300
2017 $1,374 $146,400 $60,600 $85,800
2016 $1,441 $153,600 $60,600 $93,000
2014 $1,507 $150,700 $60,600 $90,100
2013 -- $149,800 $60,700 $89,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202345480

Indiana Regional MLS

APN: 60-10-21-300-400.109-028