NOT LISTED FOR SALE

8507 W 400 S Farmland, IN 47340

Estimated Value: $501,000 - $897,000

4 Beds
4 Baths
5,143 Sq Ft
$146/Sq Ft Est. Value

Last Sold November 23, 2022

Last sale price $790,200 $154 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,471/month

45 Days on Market

Highlights

  • 44.97 Acre Lot
  • Partially Wooded Lot
  • Wood Flooring
  • Open Floorplan
  • Backs to Open Ground
  • Whirlpool Bathtub

About This Home

As of November 2022

WOW!! This property is just paradise!! This amazing 5,143 Sq. Ft. log home has everything your family will need. This home has 3-4 bedrooms (Owner currently uses 1 bedroom as an office), 2 full bathrooms, 2 half bathrooms, and a 3 car attached garage. Inside you can enjoy the large great room and the beautiful wood burning fireplace, an open concept kitchen, dining, and family room. Upstairs you have an oversized 38’ x 30’ master suite which includes a jetted tub with views of the pond, a separate shower, and a 12’ x 24’ walk-in closet. There are also 2 more bedrooms and another full bathroom upstairs. But the best awaits in the basement, which is complete with a 7-person theater room, a pool table area, a full bar with additional T.V. space, a poker table area and a wood burning stove to enjoy on a winter evening, a half bathroom and a 12’ x 14’ workout space. And then you walk outside to your piece of heaven complete with a 54’ x 36’ workshop, an additional 24’ x 45’ woodshop, a 2 acre pond and approximately 36.5 acres of woods complete with trails!!

Last Agent to Sell the Property

Paul Faddis

Tarter Realty Auction and Appraisal Company Listed on: 08/26/2022

Last Buyer's Agent

Andrew Wagner

Wagner Auctioneering and Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,981

Year Built

  • Built in 2006

Lot Details

  • 44.97 Acre Lot
  • Backs to Open Ground
  • Rural Setting
  • Partially Wooded Lot

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • Log Cabin
  • Poured Concrete
  • Metal Roof
  • Log Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Woodwork
  • Ceiling Fan
  • Wood Burning Fireplace
  • Utility Room in Garage
  • Electric Dryer Hookup

Kitchen

  • Electric Oven or Range
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Finished Basement

  • Basement Fills Entire Space Under The House
  • 1 Bathroom in Basement

Outdoor Features

  • Covered patio or porch

Schools

  • Union Elementary And Middle School
  • Union High School

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 68-15-13-200-011.002-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,981

Year Built

Built in 2006

Lot Details

0

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 2006
  • Age: 16
  • Style: Two Story
  • Architectural Style: Log
  • Total Number of Rooms: 12
  • Total Number of Rooms Below Grade: 4
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 2
  • Legal Description: Pt E 1/2 Nw 13-19-12 44.97 A
  • Parcel Number ID: 68-15-13-200-011.002-011
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Ceiling Fan(s), Closet(s) Walk-in, Countertops-Solid Surf, Dryer Hook Up Electric, Garage Door Opener, Jet Tub, Natural Woodwork, Open Floor Plan, Porch Covered, Range/Oven Hook Up Elec, Tub and Separate Shower, Garage Utilities
  • Location: Rural
  • Sp Lp Percent: 90.32
  • Year Taxes Payable: 2022
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 5143
  • Total Finished Sq Ft: 5143
  • Above Grade Finished Sq Ft: 3259
  • Below Grade Finished Sq Ft: 1884
  • Price Per Sq Ft: 242.47
  • Basement: Yes
  • Basement Foundation: Full Basement, Finished
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 1
  • Fireplace: Wood Burning, Wood Burning Stove
  • Fireplace: Yes
  • Flooring: Hardwood Floors, Carpet, Laminate
  • Living Great Room: Dimensions: 26x24, On Level: Main
  • Kitchen: Dimensions: 15x13, On Level: Main
  • Dining Room: Dimensions: 15x14, On Level: Main
  • Family Room: Dimensions: 17x14, On Level: Main
  • Extra Room: Theater, Dimensions: 20x14, On Level: Basement
  • Bedroom 1: Dimensions: 38x30, On Level: Upper
  • Bedroom 2: Dimensions: 17x14, On Level: Upper
  • Bedroom 3: Dimensions: 15x14, On Level: Upper
  • Bedroom 4: Dimensions: 15x14, On Level: Main
  • Other Room1: Pool Room, Dimensions: 23x13, On Level: Basement
  • Other Room 2: Bar/Poker, Dimensions: 28x23, On Level: Basement
  • Other Room 3: Gym, Dimensions: 14x12, On Level: Basement
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Half Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 1884

Exterior Features

  • Exterior: Log
  • Roof Material: Metal
  • Outbuilding1: Pole/Post Building, Dimensions: 54x36
  • Outbuilding2: Pole/Post Building, Dimensions: 45x24, 1080

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Attached
  • Garage Number Of Cars: 3
  • Garage Size: Dimensions: 34x24
  • Garage Sq Ft: 816
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Propane, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Well Type: Private

Schools

  • School District: Union School Corp.
  • Elementary School: Union
  • Middle School: Union
  • High School: Union
  • Elementary School: Union

Lot Info

  • Lot Description: Partially Wooded, 15+, Wooded
  • Lot Dimensions: x
  • Estimated Lot Sq Ft: 1958893
  • Estimated Lot Size Acres: 44.97

Tax Info

  • Annual Taxes: 2981.4

MLS Schools

  • High School: Union
  • Middle School: Union
  • School District: Union School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2022
Closed on
Nov 23, 2022
Sold by
Hostetler Bradley A and Hoste Karla
Bought by
Hensley Sky M
Seller's Agent
Paul Faddis
Tarter Realty Auction and Appraisal Company
Buyer's Agent
Andrew Wagner
Wagner Auctioneering and Real Estate
List Price
$874,900
Sold Price
$790,200
Premium/Discount to List
-$84,700
-9.68%
Views
166
Current Estimated Value
$749,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$40,242
Avg. Annual Appreciation
-8.20%
Original Mortgage
$600,500
Outstanding Balance
$580,492
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$53,682

Purchase Details

Closed on
Feb 17, 2021
Sold by
Hostetler Bradley A and Hostetler Karla K
Bought by
Hostetler Bradley A and Hostetler Karla K
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
Hensley Sky M $790,200 --
Hostetler Bradley A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hensley Sky M $600,500
Previous Owner Hostetler Bradley A $377,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2022 11/23/22 Sold $790,200 -9.7% $154 / Sq Ft
10/10/2022 10/10/22 Pending -- -- --
08/26/2022 08/26/22 For Sale $874,900 -- $170 / 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 $3,522 $431,100 $51,300 $379,800
2023 $3,434 $435,500 $49,100 $386,400
2022 $2,935 $333,700 $46,800 $286,900
2021 $2,981 $320,400 $48,000 $272,400
2020 $2,725 $294,800 $42,600 $252,200
2019 $2,494 $280,700 $44,300 $236,400
2018 $2,244 $268,800 $48,400 $220,400
2017 $2,069 $260,800 $49,900 $210,900
2016 $1,545 $253,400 $48,000 $205,400
2014 $1,415 $262,500 $48,500 $214,000
2013 $1,415 $247,800 $45,800 $202,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202235717

Indiana Regional MLS

APN: 68-15-13-200-011.002-011