NOT LISTED FOR SALE

805 N Smith Rd Unit 805 & 807 Bloomington, IN 47408

Estimated Value: $342,000 - $366,844

4 Beds
2 Baths
1,716 Sq Ft
$206/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $260,000 $152 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,493/month

Highlights

  • Eat-In Kitchen
  • Laundry closet
  • Forced Air Heating and Cooling System
  • University Elementary School Rated A
  • Tile Flooring
  • 1-Story Property

About This Home

As of July 2020

Sold

Last Agent to Sell the Property

Ron Plecher

RE/MAX Realty Professionals Listed on: 07/29/2020

RE/MAX Realty Professionals

Last Buyer's Agent

BLOOM NonMember

NonMember BL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,902

Year Built

  • Built in 1962

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 68x180x80x175
  • Sloped Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Crawl Space
  • Fire and Smoke Detector
  • Eat-In Kitchen
  • Laundry closet

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, cooling, electric
  • The owner pays for building insurance, water
  • Assessor Parcel Number 53-05-35-400-052.000-005

Community Details

Overview

  • 2 Units
  • Northeast Bloomington City Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,902

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1962
  • Age: 58
  • Style: One Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Pt NE SE 35-9-1W (.29 Acre) Plat 59 State ID #53-05-35-400-052.000-005
  • Parcel Number ID: 53-05-35-400-052.000-005
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Ready, Detector-Smoke, Eat-In Kitchen
  • Cross Street: E 3rd St
  • Grid: Northeast Bloomington Cit-2000
  • Sp Lp Percent: 100
  • Zoning Description: RM Residential Multifamily
  • Monthly Gross Income: 2500
  • County Zoning: Other
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 1716
  • Total Finished Sq Ft: 1716
  • Above Grade Finished Sq Ft: 1716
  • Price Per Sq Ft: 151.52
  • Basement Foundation: Crawl
  • Flooring: Laminate, Tile
  • Main Level Sq Ft: 1716
  • Number Of Disposals: 2
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

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: Slope
  • Lot Dimensions: 68x180x80x175
  • Estimated Lot Sq Ft: 12632
  • Estimated Lot Size Acres: 0.29

Rental Info

  • Lease Term: 1 Year, Renewal Options
  • Owner Pays: Building Insurance, Water
  • Tenant Pays: Cable, Cooling, Electric

Multi Family

  • Gross Monthly Rent: 2500
  • Number Of Dishwashers: 2
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2902

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
Jul 29, 2020
Closed on
Jul 30, 2020
Sold by
Giback Development Llc
Bought by
Arbutus Properties Llc
Seller's Agent
Ron Plecher
RE/MAX Realty Professionals
Buyer's Agent
BLOOM NonMember
NonMember BL
List Price
$260,000
Sold Price
$260,000
Current Estimated Value
$358,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,200
Avg. Annual Appreciation
6.35%
Original Mortgage
$205,600
Outstanding Balance
$149,451
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
$204,929

Purchase Details

Closed on
Jul 30, 2018
Sold by
Linda Shepard Attorney I
Bought by
Rima Ackerman
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
Arbutus Properties Llc -- None Available
Rima Ackerman $110,000 --
Giback Development Llc $110,000 John Bethell Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arbutus Properties Llc $205,600
Previous Owner Giback Developments Llc $208,000
Previous Owner Shepard Linda $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $260,000 0.0% $152 / Sq Ft
07/29/2020 07/29/20 For Sale $260,000 -- $152 / 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 $6,389 $311,400 $22,700 $288,700
2023 $3,144 $296,400 $21,800 $274,600
2022 $5,430 $267,600 $21,800 $245,800
2021 $5,069 $244,000 $16,400 $227,600
2020 $2,848 $138,000 $13,600 $124,400
2019 $2,902 $138,000 $13,600 $124,400
2018 $1,620 $122,700 $13,600 $109,100
2017 $1,496 $121,300 $13,600 $107,700
2016 $1,471 $121,300 $13,600 $107,700
2014 $1,442 $118,700 $13,600 $105,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202029440

Indiana Regional MLS

APN: 53-05-35-400-052.000-005