L
Seller's Agent in 2024
Lee Bailey
@properties
(317) 987-3525
2 in this area
27 Total Sales
7393 W 50 S Morgantown, IN 46160
Estimated Value: $460,000 - $525,325
5
Beds
3
Baths
2,832
Sq Ft
$173/Sq Ft
Est. Value
Highlights
- Above Ground Pool
- 2.32 Acre Lot
- Deck
- Union Elementary School Rated A-
- Mature Trees
- Ranch Style House
About This Home
As of April 2024Welcome to your new home in beautiful Morgantown Indiana! This place truly has it all. As you drive onto the property, you're greeted by the large fishing pond complete with fountain. Stepping inside this charming 5-bedroom,3-full bath Ranch-style home prepare to be amazed. The home has been lovingly renovated from top to bottom, creating an inviting atmosphere. From new windows to the walls, from the electrical to the plumbing, from the ductwork to the roof - everything is new, providing you with peace of mind and comfort for years to come. The spacious owner's suite has a walk-in closet, double sinks, and a relaxing soaker tub and separate shower. And let's not forget the attached all-seasons room, the space is filled with natural light from the new windows, offering a seamless transition to the inviting back deck and pool area. With four additional nicely sized rooms and a conveniently located laundry room, this home is designed with both practicality and comfort in mind. The new open-concept living, dining, and kitchen area, complete with a cozy fireplace, provides the perfect backdrop for gatherings with friends and family, allowing everyone to spread out and relax. Step back outside and discover your very own country oasis, spanning two and a half acres. A new 1800-square-foot Amish-built barn/workshop awaits, equipped with everything you need for your hobbies and projects, including a built-in compressor, welder, 2-post car lift, and even a private office. For your furry friends, there's a small barn with a large attached fenced-in area. And when it's time to unwind, take a dip in the 11,000-gallon above-ground saltwater pool, complete with a new liner and mechanicals, or simply relax on the newly built deck off the sunroom. Additional upgrades such as a new backup generator, new gutters, a new crawl space with multiple sump pumps, new metal roof and a new well pressure tank further enhance the appeal of this remarkable property!
Last Agent to Sell the Property
@properties Brokerage Email: lee@atpropertiesind.com License #RB14045348 Listed on: 03/01/2024
Last Buyer's Agent
Eli Skinner
Fathom Realty
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,702
Year Built
- Built in 1973 | Remodeled
Lot Details
- 2.32 Acre Lot
- Rural Setting
- Mature Trees
Parking
- 4 Car Garage
Home Design
- Ranch Style House
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 2,832 Sq Ft Home
- Paddle Fans
- Skylights
- Thermal Windows
- Family Room with Fireplace
- Storage
- Storm Windows
Kitchen
- Eat-In Kitchen
- Electric Oven
- Electric Cooktop
- Range Hood
- Recirculated Exhaust Fan
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
Laundry
- Laundry on main level
- Dryer
- Washer
Pool
- Above Ground Pool
- Outdoor Pool
- Pool Cover
- Pool Liner
Outdoor Features
- Deck
- Wrap Around Porch
- Outdoor Water Feature
- Shed
- Outbuilding
Schools
- Union Elementary School
- Franklin Community Middle School
- Custer Baker Intermediate School
- Franklin Community High School
Utilities
- Heating System Powered By Owned Propane
- Power Generator
- Well
- Electric Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 410919042002000036
- Assessor Parcel Number 410919042002000036
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 1, 2024
Closed on
Apr 2, 2024
Sold by
Cravens Lucas and Cravens Kelle
Bought by
Payne Steven and Payne Tinamarie J
Seller's Agent
Lee Bailey
@properties
Buyer's Agent
Eli Skinner
Fathom Realty
List Price
$530,000
Sold Price
$540,000
Premium/Discount to List
$10,000
1.89%
Views
33
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$49,169
Avg. Annual Appreciation
-6.55%
Original Mortgage
$540,000
Outstanding Balance
$532,457
Interest Rate
6.9%
Mortgage Type
VA
Estimated Equity
-$41,626
Purchase Details
Listed on
May 13, 2022
Closed on
Jul 26, 2022
Sold by
Peters Larry M
Bought by
Cravens Lucas and Cravens Kelle
Seller's Agent
Teresa Kohl
eXp Realty, LLC
Buyer's Agent
Lee Bailey
@properties
List Price
$439,000
Sold Price
$410,000
Premium/Discount to List
-$29,000
-6.61%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.70%
Original Mortgage
$389,500
Interest Rate
5.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 9, 2021
Sold by
Peters Kimberly K
Bought by
Peters Larry M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 10, 2009
Sold by
Geyer Christopher and Geyer Lisa
Bought by
Peters Larry M and Peters Kimberly K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,191
Interest Rate
5.05%
Mortgage Type
VA
Purchase Details
Closed on
Apr 7, 2006
Sold by
Hubbard George M and Hubbard Terese D
Bought by
Geyer Christopher and Geyer Lisa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.48%
Mortgage Type
New Conventional
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Payne Steven | -- | Verus Title | |
| Cravens Lucas | -- | Mann Kerry W | |
| Peters Larry M | -- | None Available | |
| Peters Larry M | -- | Chicago Title | |
| Geyer Christopher | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Payne Steven | $540,000 | |
| Previous Owner | Cravens Lucas | $389,500 | |
| Previous Owner | Peters Larry M | $130,000 | |
| Previous Owner | Peters Larry M | $145,850 | |
| Previous Owner | Peters Larry M | $136,986 | |
| Previous Owner | Peters Larry M | $131,191 | |
| Previous Owner | Geyer Christopher | $140,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/02/2024 04/02/24 | Sold | $540,000 | +1.9% | $191 / Sq Ft |
| 03/04/2024 03/04/24 | Pending | -- | -- | -- |
| 03/02/2024 03/02/24 | For Sale | $530,000 | +29.3% | $187 / Sq Ft |
| 07/26/2022 07/26/22 | Sold | $410,000 | -6.6% | $145 / Sq Ft |
| 07/02/2022 07/02/22 | Pending | -- | -- | -- |
| 07/02/2022 07/02/22 | For Sale | $439,000 | +7.1% | $155 / Sq Ft |
| 06/21/2022 06/21/22 | Off Market | $410,000 | -- | -- |
| 06/13/2022 06/13/22 | Price Changed | $439,000 | -2.2% | $155 / Sq Ft |
| 06/01/2022 06/01/22 | Price Changed | $449,000 | -5.5% | $159 / Sq Ft |
| 05/13/2022 05/13/22 | For Sale | $475,000 | -- | $168 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $6,068 | $617,200 | $59,100 | $558,100 |
| 2024 | $6,068 | $495,700 | $59,100 | $436,600 |
| 2023 | $4,582 | $362,000 | $59,100 | $302,900 |
| 2022 | $4,702 | $374,900 | $59,100 | $315,800 |
| 2021 | $3,825 | $308,100 | $59,100 | $249,000 |
| 2020 | $3,627 | $290,600 | $59,100 | $231,500 |
| 2019 | $3,384 | $274,900 | $45,200 | $229,700 |
| 2018 | $3,005 | $271,100 | $45,200 | $225,900 |
| 2017 | $2,930 | $258,200 | $45,200 | $213,000 |
| 2016 | $2,628 | $246,700 | $45,200 | $201,500 |
| 2014 | $2,723 | $217,300 | $45,200 | $172,100 |
| 2013 | $2,723 | $232,000 | $45,200 | $186,800 |
Source: Public Records
Agents Affiliated with this Home
-
Lee Bailey
-
E
Buyer's Agent in 2024
Eli Skinner
Fathom Realty
-
T
Seller's Agent in 2022
Teresa Kohl
eXp Realty, LLC
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 21939976
APN: 41-09-19-042-002.000-036
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