NOT LISTED FOR SALE

8508 Gerig Rd Leo, IN 46765

Estimated Value: $392,000 - $574,000

4 Beds
2 Baths
2,669 Sq Ft
$179/Sq Ft Est. Value

Last Sold April 29, 2020

Last sale price $387,500 $145 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,962/month

119 Days on Market

Highlights

  • Waterfront
  • Living Room with Fireplace
  • 2 Car Detached Garage
  • Cedarville Elementary School Rated A-
  • Partially Wooded Lot
  • Home Security System

About This Home

As of April 2020

MOTIVATED SELLER...Incredible waterfront views of Cedar Creek, peaceful, quiet, one of a kind. 3.95 acres with a timeless home that has a ton of updates. All new Harlan Kitchen with all appliances, refrigerator an induction cook-top electric range, built in oven, microwave, island with walnut butcher block, reverse osmosis, wired for security, new bathrooms with the floors having radiant heat, this home has beautiful hardwood floors. In 2012 new Septic system installed, new decking in 2017. There is a dedicated line for hot tub, there is a Koi pond. The house features, 2669 sq ft with 4 bedrooms 2 full baths, partial basement, beautiful sun room, double-sided fireplace. Screened Gazebo, professional landscaping, garden shed, play house, Leo Schools.

Last Listed By

Joyce Swartz

Coldwell Banker Real Estate Group Listed on: 11/19/2019

Coldwell Banker Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,435

Year Built

  • Built in 1948

Lot Details

  • 3.95 Acre Lot
  • Waterfront
  • Partially Wooded Lot
  • Property is zoned R1

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • 2 Fireplaces
  • Water Views
  • Home Security System
  • Disposal
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Leo Elementary And Middle School
  • Leo High School

Utilities

  • Central Air
  • Hot Water Heating System
  • Heating System Uses Oil
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 02-03-28-100-001.000-082

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,435

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1948
  • Age: 72
  • Style: Two Story
  • Total Number of Rooms: 10
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: W 3.75 A N of CRK Sec 28 & FRL E 27 Ft N of C/L of Cedar Creek NE 1/4 Sec 29
  • Parcel Number ID: 02-03-28-100-001.000-082
  • Platted: Yes
  • Amenities: Alarm System-Security, Disposal, Garage Door Opener
  • Parcel Id2: 020329200006000042
  • Sp Lp Percent: 92.28
  • County Zoning: R1
  • Year Taxes Payable: 2019
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 3110
  • Total Finished Sq Ft: 2669
  • Above Grade Finished Sq Ft: 2669
  • Below Grade Sq Ft: 441
  • Price Per Sq Ft: 145.19
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Number Of Fireplaces: 2
  • Fireplace: Den, Living/Great Rm, Wood Burning
  • Fireplace: Yes
  • Living Great Room: Dimensions: 13x23, On Level: Main
  • Kitchen: Dimensions: 16x13, On Level: Main
  • Dining Room: Dimensions: 22x13, On Level: Main
  • Family Room: Dimensions: 20x20, On Level: Main
  • Den: Dimensions: 19x11, On Level: Main
  • Bedroom 1: Dimensions: 14x13, On Level: Upper
  • Bedroom 2: Dimensions: 12x11, On Level: Upper
  • Bedroom 3: Dimensions: 15x10, On Level: Upper
  • Bedroom 4: Dimensions: 13x7, On Level: Upper
  • Loft: Dimensions: 10x13, On Level: Upper
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 441

Exterior Features

  • Exterior: Stone, Vinyl
  • Outbuilding1: Shed, Dimensions: 12x18

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x24
  • Garage Sq Ft: 576
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Oil, Hot Water
  • Sewer: Septic
  • Water Utilities: Well
  • Hvac: Ceiling Fan
  • Well Type: Private

Schools

  • School District: East Allen County
  • Elementary School: Leo
  • Middle School: Leo
  • High School: Leo
  • Elementary School: Leo

Lot Info

  • Lot Description: Partially Wooded, Waterfront, Water View
  • Estimated Lot Sq Ft: 172062
  • Estimated Lot Size Acres: 3.95

Tax Info

  • Annual Taxes: 2435.04

MLS Schools

  • High School: Leo
  • Middle School: Leo
  • School District: East Allen County

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2019
Closed on
May 12, 2020
Sold by
Kilar Kathleen A
Bought by
Reinhard Nathan C and Reinhard April M
Seller's Agent
Joyce Swartz
Coldwell Banker Real Estate Group
Buyer's Agent
Troy Wieland
Wieland Real Estate
List Price
$449,900
Sold Price
$387,500
Premium/Discount to List
-$62,400
-13.87%
Total Days on Market
119
Current Estimated Value
$477,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,071
Avg. Annual Appreciation
2.65%
Original Mortgage
$368,100
Outstanding Balance
$332,915
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$109,045

Purchase Details

Listed on
Nov 19, 2019
Closed on
Apr 29, 2020
Sold by
Kilar Kathleen A and Beer Michael A
Bought by
Reinhard Nathan C and Reinhard April M
Seller's Agent
Joyce Swartz
Coldwell Banker Real Estate Group
Buyer's Agent
Troy Wieland
Wieland Real Estate
List Price
$449,900
Sold Price
$387,500
Premium/Discount to List
-$62,400
-13.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,100
Outstanding Balance
$332,915
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$109,045

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
Reinhard Nathan C -- None Listed On Document
Reinhard Nathan C $387,500 Meridian Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reinhard Nathan C $368,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2020 04/29/20 Sold $387,500 -7.7% $145 / Sq Ft
03/17/2020 03/17/20 Pending -- -- --
02/14/2020 02/14/20 Price Changed $419,900 -6.7% $157 / Sq Ft
11/19/2019 11/19/19 For Sale $449,900 -- $169 / 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 $3,772 $445,500 $117,100 $328,400
2022 $3,491 $348,000 $86,300 $261,700
2021 $2,922 $304,300 $86,300 $218,000
2020 $2,647 $269,700 $86,300 $183,400
2019 $4,619 $252,800 $86,300 $166,500
2018 $2,394 $244,000 $61,900 $182,100
2017 $2,239 $224,200 $61,900 $162,300
2016 $2,041 $207,600 $61,900 $145,700
2014 $2,389 $238,400 $61,900 $176,500
2013 $2,161 $214,700 $63,000 $151,700
Source: Public Records

Agents Affiliated with this Home

  • Joyce Swartz

    Seller's Agent in 2020

    Joyce Swartz

    Coldwell Banker Real Estate Group

    (260) 438-3835

    197 Total Sales

    Joyce Swartz
    Section Image
  • Troy Wieland

    Buyer's Agent in 2020

    Troy Wieland

    Wieland Real Estate

    (260) 403-2594

    215 Total Sales

    Troy Wieland
    Section Image
See All Agents

Map

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Source: Indiana Regional MLS

MLS Number: 201950382

Indiana Regional MLS

APN: 02-03-28-100-001.000-082

Indiana Allen County Leo 46765

8508 Gerig Rd, Leo, IN

Homes for Sale in Leo, IN

This home is located at 8508 Gerig Rd, Leo, IN 46765 since 19 November 2019 and is currently estimated at $477,571, approximately $178 per square foot. This property was built in 1948. 8508 Gerig Rd is a home located in Allen County with nearby schools including Leo Elementary School, Cedarville Elementary School, and Leo Junior/Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.