NOT LISTED FOR SALE

7220 E Merritt Dr E Bloomington, IN 47401

Estimated Value: $350,000 - $548,000

11.77 Acres
$40,509 Price per Acre
512,701 Sq Ft Lot

Last Sold May 10, 2022

Last sale price $500,000

Est. 5% decrease in value since last sale

Current estimated payment $2,735/month

5 Days on Market

About This Lot

As of May 2022

Located at the end of a cul de sac in the Rush Ridge subdivision east of Bloomington Indiana, this is a unique opportunity to build your custom home on 11.74 acres. The property offers a few different parcel/building sites. Sellers have received a variance for slope in order to build a driveway to the lot closer to the water. The property offers privacy, woods and access and views to Lake Monroe. Water and Electric service at the road, soil sample testing attached, along with a variance for the steep slope. Located in Rogers Binford, Tri North and North High School district. Less than 8 miles to Indiana University, and the new hospital.

Last Agent to Sell the Property

Patricia Sterling

Sterling Real Estate Listed on: 04/14/2022

Last Buyer's Agent

Non-BLC Member

MIBOR REALTOR® Association

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,582

Lot Details

  • 11.77

Additional Features

  • 11.77 Acre Lot
  • Septic Needed

Community Details

  • Rush Ridge Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 530728200004000014

Property Details

Property Type

Land

Est. Annual Taxes

$4,582

Lot Details

0

Listing Details

  • Type: Undeveloped,SeeRemarks
  • Property Sub Type: Residential Lots
  • Property Type: Land
  • New Construction: No
  • Tax Year: 2022
  • Lot Size Acres: 11.77
  • Road Frontage Type: County Road
  • Road Surface Type: Asphalt
  • Subdivision Name: RUSH RIDGE
  • Inspection Warranties: SeeRemarks
  • Transaction Type: Sale
  • Website: https://www.youtube.com/watch?v=uQFNinZFWMc&feature=youtu.be
  • Special Features: VirtualTour

Interior Features

  • Sq Ft Main Upper: 0

Exterior Features

  • Disclosures: Not Applicable
  • List Price: 599900
  • Other Structures: NotApplicable
  • Topography: Sloping,Wooded
  • Road Access: EasementAcc
  • Water: Municipal Water on Site

Utilities

  • Sewer: Septic Needed
  • Solid Waste: 0

Condo/Co-op/Association

  • H O A Disclosures: Covenants & Restrictions

Lot Info

  • Development Status: Plat Recorded, Surveyed
  • Number Of Lots: 2
  • Parcel Number: 530728200004000014
  • Zoning: Residential
  • Acres: 10-20 Acres
  • Lot Number: 4
  • Lot Size: 317,988
  • Improvements: SeeRemarks
  • Land Characteristics: Irregular Lot,Lake Front,Water Acces,Water View,Wooded,See Remarks
  • Potential Zoning: Single Family
  • Present Zoning: Single Family
  • Price Acre: 50969

Tax Info

  • Tax Annual Amount: 4582
  • Semi Annual Property Tax Amt: 2291
  • Tax Exemption: None

MLS Schools

  • School District: Monroe County Community
  • Schools: Bloomington North High,Tri-North Middle School,Binford Elementary,Rogers Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2022
Closed on
May 9, 2022
Sold by
Press Matthew
Bought by
Johnson Michael A
Seller's Agent
Patricia Sterling
Sterling Real Estate
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$599,900
Sold Price
$500,000
Premium/Discount to List
-$99,900
-16.65%
Current Estimated Value
$476,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,206
Avg. Annual Appreciation
-1.99%

Purchase Details

Closed on
Jul 7, 2021
Sold by
Rush Ridge Development Inc
Bought by
Press Matthew and Press Clarie
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 Buyer Sale Price Title Company
Johnson Michael A $500,000 Capstone Title Partners
Press Matthew -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2022 05/10/22 Sold $500,000 -16.7% --
04/20/2022 04/20/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $599,900 -- --
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 $1,643 $131,500 $131,500 $0
2023 $1,462 $114,100 $114,100 $0
2022 $1,462 $114,100 $114,100 $0
2021 $174 $13,500 $13,500 $0
2020 $172 $13,500 $13,500 $0
2019 $176 $13,500 $13,500 $0
2018 $177 $13,500 $13,500 $0
2017 $178 $13,500 $13,500 $0
2016 $186 $14,300 $14,300 $0
2014 $24 $1,800 $1,800 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2022

    Patricia Sterling

    Sterling Real Estate

    Section Image

  • N

    Buyer's Agent in 2022

    Non-BLC Member

    MIBOR REALTOR® Association

    Non-BLC Member
    Section Image

  • I

    Buyer's Agent in 2022

    IUO Non-BLC Member

    Non-BLC Office

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21848410

MIBOR Broker Listing Cooperative®

APN: 53-07-28-200-004.000-014

Indiana Monroe County Bloomington 47401

7220 E Merritt Dr E, Bloomington, IN

This home is located at 7220 E Merritt Dr E, Bloomington, IN 47401 since 14 April 2022 and is currently estimated at $476,794. 7220 E Merritt Dr E is a home located in Monroe County with nearby schools including Binford Elementary School, Rogers Elementary School, and Tri-North Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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