NOT LISTED FOR SALE

9211 Gerig Rd Leo, IN 46765

Estimated Value: $201,929 - $233,000

3 Beds
1 Bath
1,224 Sq Ft
$179/Sq Ft Est. Value

Last Sold July 07, 2016

Last sale price $131,000 $107 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $1,328/month

17 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • 2 Car Detached Garage
  • Cedarville Elementary School Rated A-
  • Solid Surface Countertops
  • Enclosed patio or porch

About This Home

As of July 2016

Peaceful 1.25 acre in Leo ready for the buyer who wants a few projects inside. This 100+ year old farm house has much to offer and has been fully inspected. The three bedroom home features the following updates: solid surface counter & new fixtures in kitchen, updated full bath, both bedrooms upstairs newly drywalled, new wood floor in 1 bedroom, new subfloor in the other bedroom ready for you to install flooring, new cedar closet in 1 bedroom, updated vinyl siding, updated vinyl replacement windows, new storm door and service door on the back and new front door off porch. There is still work for the handy person who would like to finish the cosmetic improvements and replace the water heater, water softener and furnace in the near future. Over $20,000 of improvements have been made to the charming and practical bank barn. Two car detatched garage and fenced yard. Septic was updated in 1998. This is an estate sale so no seller disclosure is on file and will be sold AS-IS with the recent home inspection on file for all potential buyers to review.

Last Listed By

Beth Goldsmith

North Eastern Group Realty Listed on: 05/16/2016

North Eastern Group Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $632

Year Built

  • Built in 1900

Lot Details

  • 1.25 Acre Lot
  • Lot Dimensions are 322 x 168
  • Rural Setting
  • Chain Link Fence
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Insulated Windows
  • Laundry on main level

Kitchen

  • Gas Oven or Range
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 1 Full Bathroom

Unfinished Basement

  • Block Basement Construction
  • Stone or Rock in Basement
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well
  • Septic System

Additional Features

  • Energy-Efficient Doors
  • Enclosed patio or porch

Listing and Financial Details

  • Assessor Parcel Number 02-03-21-300-010.000-082

Home Details

Home Type

Single Family

Est. Annual Taxes

$632

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1900
  • Age: 116
  • Style: Two Story
  • Architectural Style: Traditional
  • Total Number of Rooms: 6
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Metes & Bounds
  • Parcel Number ID: 02-03-21-300-010.000-082
  • Platted: Yes
  • Amenities: Countertops-Solid Surf, Porch Enclosed, Range/Oven Hook Up Gas, Split Br Floor Plan, Main Floor Laundry
  • Cross Street: SR 1
  • Location: Rural
  • Parcel Id2: 020321300009000082
  • Sp Lp Percent: 100.77
  • Special Features: None

Interior Features

  • Total Sq Ft: 1640
  • Total Finished Sq Ft: 1224
  • Above Grade Finished Sq Ft: 1224
  • Below Grade Sq Ft: 416
  • Basement: Yes
  • Basement Foundation: Crawl, Unfinished
  • Basement Material: Block, Stone
  • Flooring: Hardwood Floors, Carpet
  • Living Great Room: Dimensions: 12x15, On Level: Main
  • Kitchen: Dimensions: 10x13, On Level: Main
  • Dining Room: Dimensions: 12x13, On Level: Main
  • Bedroom 1: Dimensions: 10x13, On Level: Main
  • Bedroom 2: Dimensions: 10x14, On Level: Upper
  • Bedroom 3: Dimensions: 9x11, On Level: Upper
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 416

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Outbuilding1: Barn, Dimensions: 40x30
  • Fence: Chain Link

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 20x20
  • Garage Sq Ft: 400

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Well Type: Private

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 322 x 168
  • Estimated Lot Sq Ft: 54450
  • Estimated Lot Size Acres: 1.25
  • Zoning: R1 - Single Family Residential

Green Features

  • Energy Efficient: Doors
  • Energy Efficient Windows/Doors: Insulated Glass Windows

Tax Info

  • Annual Taxes: 631.84
  • Exemptions: Homestead, Mortgage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2016
Closed on
Jul 7, 2016
Sold by
Hambrock Nichole M
Bought by
Potosky Zachary
Seller's Agent
Beth Goldsmith
North Eastern Group Realty
Buyer's Agent
Mark Dippold
Coldwell Banker Real Estate Group
List Price
$130,000
Sold Price
$131,000
Premium/Discount to List
$1,000
0.77%
Total Days on Market
17
Current Estimated Value
$218,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,982
Avg. Annual Appreciation
5.71%
Original Mortgage
$117,900
Outstanding Balance
$96,181
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$117,889

Purchase Details

Closed on
Dec 20, 2013
Sold by
Hambrock Joel and Hambrock Monica
Bought by
Hambrock Joel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,850
Interest Rate
4.42%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 25, 2012
Sold by
Hambrock Joel and Hambrock Monica
Bought by
Hambrock Joel and Hambrock Monica

Purchase Details

Closed on
Sep 25, 2005
Sold by
Trahin Joshua P and Trahin Amie M
Bought by
Weichert Relocation Resources Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,870
Interest Rate
6.38%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 14, 2005
Sold by
Weichert Relocation Resource Inc
Bought by
Hambrook Joel and Hambrook Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,870
Interest Rate
6.38%
Mortgage Type
FHA

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
Potosky Zachary -- Metropolitan Title Of In
Hambrock Joel -- None Available
Hambrock Joel -- None Available
Weichert Relocation Resources Inc -- Meridian Title Corporation
Hambrook Joel -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Potosky Zachary $117,900
Previous Owner Hambrock Joel W $11,850
Previous Owner Hambrock Joel $96,950
Previous Owner Weichert Relocation Resources Inc $103,870
Previous Owner Hambrook Joel $103,870
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2016 07/07/16 Sold $131,000 +0.8% $107 / Sq Ft
06/02/2016 06/02/16 Pending -- -- --
05/16/2016 05/16/16 For Sale $130,000 -- $106 / 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 $1,366 $199,000 $42,000 $157,000
2022 $1,113 $148,900 $35,700 $113,200
2021 $877 $130,200 $35,700 $94,500
2020 $908 $125,500 $35,700 $89,800
2019 $766 $117,400 $35,700 $81,700
2018 $751 $112,600 $26,600 $86,000
2017 $673 $103,900 $26,600 $77,300
2016 $581 $96,200 $26,600 $69,600
2014 $627 $100,700 $26,600 $74,100
2013 $545 $92,800 $28,900 $63,900
Source: Public Records

Agents Affiliated with this Home

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Source: Indiana Regional MLS

MLS Number: 201621695

Indiana Regional MLS

APN: 02-03-21-300-010.000-082