NOT LISTED FOR SALE

775 N Smith Rd Bloomington, IN 47408

Estimated Value: $361,000 - $469,000

7 Beds
4 Baths
3,430 Sq Ft
$114/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $325,000 $95 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,635/month

66 Days on Market

Highlights

  • Open Floorplan
  • Partially Wooded Lot
  • Wood Flooring
  • University Elementary School Rated A
  • Backs to Open Ground
  • Circular Driveway

About This Home

As of April 2022

All brick fourplex. New deck in 2018. New HVAC in 2020. New sewer system in 2021. Great rental history. Landlord pays utilities. Subject to tenant's rights.

Last Agent to Sell the Property

Matt Carter

Mackie Properties Listed on: 02/21/2022

Co-Listed By

Mirandia Stone

Compass Realty

Last Buyer's Agent

Matt Carter

Mackie Properties Listed on: 02/21/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,022

Year Built

  • Built in 1960

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 100x172
  • Backs to Open Ground
  • Sloped Lot
  • Partially Wooded Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Basement

  • Walk-Out Basement
  • Sump Pump
  • 2 Bathrooms in Basement
  • 3 Bedrooms in Basement

Parking

  • 4 Parking Spaces
  • Circular Driveway
  • Gravel Driveway
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • University Elementary School
  • Tri-North Middle School
  • Bloomington North High School

Utilities

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

Listing and Financial Details

  • Tenant pays for deposit value
  • The owner pays for building insurance, cooling, electric, heating, lawn maintenance, maintenance, sewer, snow removal, trash collection, water
  • Assessor Parcel Number 53-05-35-400-007.000-005

Community Details

Overview

  • 4 Units
  • Northeast Bloomington City Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $3,945
  • Fuel Expense $1,471
  • Water Sewer Expense $2,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,022

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1960
  • Age: 62
  • Style: One Story
  • Bedrooms: 7
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: 013-01280-10 PT NE SE 35-9-1W .40 PLAT 60; ANNEXED 3-1-95 FROM 012-01280-00
  • Parcel Number ID: 53-05-35-400-007.000-005
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Deck Open, Open Floor Plan, Water Heater Gas, Sump Pump
  • Cross Street: State Road 45
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 3
  • Road Surface: Paved
  • Sp Lp Percent: 90.28
  • Monthly Gross Income: 3125
  • Year Taxes Payable: 2021
  • Special Features: None

Interior Features

  • Total Sq Ft: 3430
  • Total Finished Sq Ft: 3430
  • Above Grade Finished Sq Ft: 1730
  • Below Grade Finished Sq Ft: 1700
  • Price Per Sq Ft: 187.86
  • Basement: Yes
  • Basement Foundation: Walk-Out Basement
  • Flooring: Carpet, Laminate, Wood, Vinyl
  • Number Below Grade Bathrooms: 2
  • Total Below Grade Sq Ft: 1700
  • Number Of Ranges Ovens: 4
  • Number Ttl Rooms Below Grade: 6

Exterior Features

  • Exterior: Brick
  • Roof Material: Shingle
  • Stories: 1

Garage/Parking

  • Driveway: Circular, Gravel
  • Number Of Parking Spaces: 4
  • Parking: Gravel, Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Water Company: Bloomington City Utility
  • Annual Electric: 3945
  • Annual Fuel Expense: 1471
  • Annual Water Sewer Expense: 2100
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Monroe County Community School Corp.
  • Elementary School: University
  • Middle School: Tri-North
  • High School: Bloomington North
  • Elementary School: University

Lot Info

  • Lot Description: Partially Wooded, Slope
  • Lot Dimensions: 100x172
  • Estimated Lot Sq Ft: 17424
  • Estimated Lot Size Acres: 0.4

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Cooling, Electric, Heating, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Trash Collection, Water
  • Tenant Pays: Deposit Value

Multi Family

  • Gross Monthly Rent: 3225
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 3
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 4022.48

MLS Schools

  • High School: Bloomington North
  • Middle School: Tri-North
  • School District: Monroe County Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2022
Closed on
Apr 28, 2022
Sold by
Barnstone Robert Vassilios
Bought by
Liberte Llc
Seller's Agent
Matt Carter
Mackie Properties
Buyer's Agent
Matt Carter
Mackie Properties
List Price
$395,000
Sold Price
$325,000
Premium/Discount to List
-$70,000
-17.72%
Current Estimated Value
$377,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,654

Purchase Details

Closed on
Apr 29, 2008
Sold by
Barnstone Helle and Barnstone Willis R
Bought by
Barnstone Elli P and Elli P Barnstone Revocable Trust
Source: Public Records

Range of Values:

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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
Liberte Llc $325,000 Titleplus
Barnstone Elli P -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $325,000 -9.7% $95 / Sq Ft
04/28/2022 04/28/22 Pending -- -- --
03/14/2022 03/14/22 Price Changed $360,000 -8.9% $105 / Sq Ft
02/21/2022 02/21/22 For Sale $395,000 -- $115 / 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 $6,803 $323,600 $27,500 $296,100
2023 $3,267 $308,000 $26,400 $281,600
2022 $5,590 $278,500 $26,400 $252,100
2021 $4,005 $192,800 $19,800 $173,000
2020 $3,947 $191,300 $16,500 $174,800
2019 $4,022 $191,300 $16,500 $174,800
2018 $4,027 $191,100 $16,500 $174,600
2017 $3,968 $187,900 $16,500 $171,400
2016 $3,178 $152,900 $16,500 $136,400
2014 $3,114 $149,300 $16,500 $132,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202205894

Indiana Regional MLS

APN: 53-05-35-400-007.000-005