$195,000
SOLD MAY 22, 2024

7851 S 50 E Wabash, IN 46992

3 Beds
1 Bath
2,360 Sq Ft
2.51 Acres

Recently Sold

$83 Per Sq Ft

26 Days on Market

Highlights

  • Traditional Architecture
  • Covered patio or porch
  • Utility Sink
  • Wood Flooring
  • 2 Car Detached Garage
  • Eat-In Kitchen

About This Home

As of May 2024

Welcome to this beautiful home with the potential to be a mini farm. With 3 bedrooms,1 bath, and sitting on 2.5 acres of pasture and grounds, this property has plenty to offer anyone wanting to live the country life. There is a barn with one horse stall in it, with potential for more, there is a 2 car detached garage that was new in 2018, a gazebo that was new in 2019, and a grain bin that could be repurposed for many uses. There is fenced pasture on quite a bit of land for horses or animals of your choice to roam, and the front porch is a peaceful place to sit and watch a sunset or drink your morning coffee.

Last Agent to Sell the Property

Trisha McGowan

Patton Hall Real Estate Listed on: 04/14/2024

Last Buyer's Agent

Trisha McGowan

Patton Hall Real Estate Listed on: 04/14/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $795

Year Built

  • Built in 1920

Lot Details

  • 2.51 Acre Lot
  • Rural Setting
  • Barbed Wire
  • Landscaped
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway

Home Design

  • Traditional Architecture
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Built-in Bookshelves
  • Woodwork
  • Ceiling height of 9 feet or more
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops
  • Utility Sink

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Separate Shower

Partially Finished Basement

  • Sump Pump
  • Stone or Rock in Basement
  • Crawl Space

Outdoor Features

  • Covered patio or porch

Schools

  • Southwood Elementary And Middle School
  • Southwood High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Generator Hookup
  • Propane
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 85-19-07-400-008.000-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$795

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1920
  • Age: 104
  • Style: Two Story
  • Architectural Style: Traditional
  • Total Number of Rooms: 7
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: S1/2 SE 1/4 7-26-7 2.51AC DITCH 561
  • Parcel Number ID: 85-19-07-400-008.000-005
  • Platted: Yes
  • Amenities: Built-In Bookcase, Ceiling-9+, Countertops-Laminate, Deck Open, Eat-In Kitchen, Garage Door Opener, Generator Ready, Landscaped, Natural Woodwork, Porch Covered, Utility Sink, Stand Up Shower, Main Floor Laundry, Sump Pump
  • Location: Rural
  • Sp Lp Percent: 100
  • Year Taxes Payable: 2024
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 3124
  • Total Finished Sq Ft: 2360
  • Above Grade Finished Sq Ft: 2360
  • Below Grade Sq Ft: 764
  • Price Per Sq Ft: 82.63
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Basement Material: Stone
  • Flooring: Hardwood Floors, Vinyl
  • Kitchen: Dimensions: 18x15, On Level: Main
  • Dining Room: Dimensions: 15x17, On Level: Main
  • Family Room: Dimensions: 16x15, On Level: Main
  • Bedroom 1: Dimensions: 15x12, On Level: Main
  • Bedroom 2: Dimensions: 13x9, On Level: Main
  • Bedroom 3: Dimensions: 21x18, On Level: Upper
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 764

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Metal
  • Outbuilding1: Barn, Dimensions: 48x30
  • Fence: Barb Wire

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x24
  • Garage Sq Ft: 576
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Propane, Forced Air, Propane Tank Rented
  • Sewer: Septic
  • Water Utilities: Well
  • Laundry: Dimensions: Mainx9, On Level: 12
  • Well Type: Private

Schools

  • School District: MSD of Wabash County Schools
  • Elementary School: Southwood
  • Middle School: Southwood
  • High School: Southwood
  • Elementary School: Southwood

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 2.51 AC
  • Estimated Lot Sq Ft: 109336
  • Estimated Lot Size Acres: 2.51

Tax Info

  • Annual Taxes: 795.38
  • Exemptions: Vet

MLS Schools

  • High School: Southwood
  • Middle School: Southwood
  • School District: MSD of Wabash County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2024
Closed on
May 21, 2024
Sold by
Stegall Robert E
Bought by
Spencer Jeremiah
Seller's Agent
Trisha McGowan
Patton Hall Real Estate
Buyer's Agent
Trisha McGowan
Patton Hall Real Estate
List Price
$195,000
Sold Price
$195,000
Views
66
Current Estimated Value
$204,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,096
Avg. Annual Appreciation
6.22%
Original Mortgage
$175,000
Outstanding Balance
$173,493
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$36,024

Purchase Details

Listed on
Feb 24, 2020
Closed on
Sep 11, 2020
Sold by
Case Scott E and Case Angela S
Bought by
Stegall Robert E
Seller's Agent
Trisha McGowan
Patton Hall Real Estate
Buyer's Agent
Trisha McGowan
Patton Hall Real Estate
List Price
$129,900
Sold Price
$110,000
Premium/Discount to List
-$19,900
-15.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.73%
Original Mortgage
$113,960
Interest Rate
2.8%
Mortgage Type
VA

Purchase Details

Listed on
Jan 23, 2016
Closed on
Mar 24, 2016
Sold by
Heck Myron L
Bought by
Case Scott E and Powell Angela S
List Price
$85,000
Sold Price
$79,000
Premium/Discount to List
-$6,000
-7.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%
Original Mortgage
$75,050
Interest Rate
3.65%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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 $195,000 None Listed On Document
Warranty Deed $110,000 Wabash Valley Abstract, Inc
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $175,000 New Conventional
Previous Owner $113,960 VA
Previous Owner $86,487 FHA
Previous Owner $75,050 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2024 05/22/24 Sold $195,000 0.0% $83 / Sq Ft
05/10/2024 05/10/24 Pending -- -- --
04/14/2024 04/14/24 For Sale $195,000 +77.3% $83 / Sq Ft
09/11/2020 09/11/20 Sold $110,000 0.0% $47 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
05/29/2020 05/29/20 Price Changed $110,000 -11.9% $47 / Sq Ft
03/25/2020 03/25/20 Price Changed $124,900 -3.8% $53 / Sq Ft
02/24/2020 02/24/20 For Sale $129,900 +64.4% $55 / Sq Ft
03/24/2016 03/24/16 Sold $79,000 -7.1% $56 / Sq Ft
03/20/2016 03/20/16 Pending -- -- --
01/23/2016 01/23/16 For Sale $85,000 -- $61 / 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 $796 $145,200 $24,600 $120,600
2023 $789 $143,400 $24,600 $118,800
2022 $606 $135,400 $24,600 $110,800
2021 $566 $121,400 $20,300 $101,100
2020 $600 $132,100 $20,000 $112,100
2019 $581 $132,600 $20,000 $112,600
2018 $534 $123,700 $20,000 $103,700
2017 $493 $119,400 $20,000 $99,400
2016 $361 $112,400 $20,000 $92,400
2014 $292 $106,300 $20,000 $86,300
2013 $251 $101,400 $20,000 $81,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202412770

Indiana Regional MLS

APN: 85-19-07-400-008.000-005