$150,000
SOLD APR 30, 2025

7586 W State Road 28 Elwood, IN 46036

4.17 Acres
$35,971 Price per Acre
181,645 Sq Ft Lot

Recently Sold

25% Below List Price

775 Days on Market

About This Lot

As of April 2025

Premium Road Frontage on ST RD 28 East of Elwood close to st rd 37. This was once a used car lot and can be used for your next business opportunity.

Last Agent to Sell the Property

Jon Ash

Arc Realty Brokerage Email: jonashrealtor@yahoo.com License #RB14045531 Listed on: 02/22/2023

Last Buyer's Agent

Non-BLC Member

MIBOR REALTOR® Association

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,600

Lot Details

  • 4.17 Acre Lot
  • Additional Parcels

Listing and Financial Details

  • Tax Lot 33,35,43
  • Assessor Parcel Number 480411300013000026
  • Seller Concessions Not Offered

Property Details

Property Type

Land

Est. Annual Taxes

$1,600

Lot Details

0

Listing Details

  • Type: Not Applic
  • Property Sub Type: Commercial Land
  • Property Type: Land
  • New Construction: No
  • Tax Year: 2021
  • Lot Size Acres: 4.17
  • Road Frontage Type: FrontageRd, Highway, Easement
  • Road Surface Type: Asphalt
  • Subdivision Name: No Subdivision
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • MBR_AttributionContact: jonashrealtor@yahoo.com
  • Attribution Contact: jonashrealtor@yahoo.com
  • Special Features: None

Exterior Features

  • List Price: 199900
  • Other Structures: No Building
  • Topography: Cleared,Level
  • Road Access: Frontage Road
  • Water: Not Applic

Utilities

  • Sewer: Not Applicable
  • Solid Waste: No

Lot Info

  • Additional Parcels Description: 4
  • Additional Parcels: Yes
  • Current Use: CommSglTen
  • Development Status: Plat Recorded
  • Lot Size Sq Ft: 19602
  • Parcel Number: 480411300013000026
  • Zoning: C ii
  • Acres: 3-5 Acres
  • Land Characteristics: Creek On Property,Irregular Lot
  • Present Zoning: Commercial
  • Price Acre: 35971
  • Soil Type: Not Applic
  • Divisible: Yes

Tax Info

  • Tax Annual Amount: 1600
  • Tax Lot: 33,35,43
  • Semi Annual Property Tax Amt: 800
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2023
Closed on
Apr 25, 2025
Sold by
Miller Phillip Joe and Miller Patricia L
Bought by
K & E Realty Llc
Seller's Agent
Jon Ash
Arc Realty
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$199,900
Sold Price
$150,000
Premium/Discount to List
-$49,900
-24.96%
Views
185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.40%
Original Mortgage
$4,903,000
Outstanding Balance
$4,890,064
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
-$4,739,479

Purchase Details

Closed on
Jun 17, 2011
Sold by
Cooper Carl E
Bought by
Apex Mortgage Corp
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 $150,000 None Listed On Document
Sheriffs Deed $115,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,903,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2025 04/30/25 Sold $150,000 -25.0% --
04/09/2025 04/09/25 Pending -- -- --
01/02/2025 01/02/25 Price Changed $199,900 0.0% --
01/02/2025 01/02/25 For Sale $199,900 +33.3% --
12/31/2024 12/31/24 Off Market $150,000 -- --
01/28/2024 01/28/24 Price Changed $224,900 0.0% --
01/28/2024 01/28/24 For Sale $224,900 +49.9% --
12/31/2023 12/31/23 Off Market $150,000 -- --
02/23/2023 02/23/23 Price Changed $249,900 -90.0% --
02/23/2023 02/23/23 For Sale $2,499,000 -- --
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 $309 $14,700 $14,600 $100
2023 $350 $14,700 $14,600 $100
2022 $346 $14,700 $14,600 $100
2021 $353 $14,700 $14,600 $100
2020 $366 $14,700 $14,600 $100
2019 $371 $14,700 $14,600 $100
2018 $369 $14,700 $14,600 $100
2017 $342 $14,700 $14,600 $100
2016 $535 $23,000 $14,600 $8,400
2014 $512 $23,000 $14,600 $8,400
2013 $512 $23,000 $14,600 $8,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21907441

MIBOR Broker Listing Cooperative®

APN: 48-04-11-300-013.000-026