NOT LISTED FOR SALE

9516 Gerig Rd Leo, IN 46765

Estimated Value: $388,000 - $469,794

3 Beds
3 Baths
2,711 Sq Ft
$157/Sq Ft Est. Value

Last Sold January 05, 2024

Last sale price $401,000 $148 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,493/month

2 Days on Market

Highlights

  • 1.5 Acre Lot
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Cedarville Elementary School Rated A-
  • 1-Story Property
  • Ceiling Fan

About This Home

As of January 2024

OPEN HOUSE CANCELLED, PENDING OFFER ...Sprawling ranch in Leo with 3 bedrooms, 3 full baths on 1.5 acres with city sewer and 30x40 outbuilding! This home features 2711 sq ft including formal living room and dining room, family room with gas fireplace and vaulted ceiling, eat-in kitchen, large primary suite with attached office and his and her closets, spacious laundry room. Bedrooms 2 and 3 are currently one large room with double closets perfect for a mother-in-law suite but could easily be converted back to separate bedrooms (seller is giving a $2,000 allowance with acceptable offer to do so). All kitchen appliances remain, kitchen features corian counters and wood laminate floors and features 2 walk-in pantry's. Cement patio spans the back of the house with patio doors off the breakfast nook and primary suite. Extra features include whole house generator, extra insulation, gas furnace and woodburner in outbuilding, enclosed unheated storage room off laundry room, reverse osmosis and water softener. Lot goes back to back tree line.

Last Agent to Sell the Property

Joyce Swartz

Coldwell Banker Real Estate Group Brokerage Phone: 260-438-3835 Listed on: 11/30/2023

Coldwell Banker Real Estate Group

Last Buyer's Agent

Andrew Overy

eXp Realty, LLC

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,668

Year Built

  • Built in 1968

Lot Details

  • 1.5 Acre Lot
  • Lot Dimensions are 166x410
  • Level Lot

Parking

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

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2,711 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Disposal
  • Electric Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms

Schools

  • Leo Elementary And Middle School
  • Leo High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Whole House Permanent Generator
  • Private Company Owned Well
  • Well

Listing and Financial Details

  • Assessor Parcel Number 02-03-28-201-003.000-082

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,668

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1968
  • Age: 55
  • Style: One Story
  • Total Number of Rooms: 10
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: E 363 of W 920 of S 410 of N 425 Ft W 1/2 NE 1/4 EX E 198 Ft Sec 28 1.5 acres
  • Parcel Number ID: 02-03-28-201-003.000-082
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Disposal, Dryer Hook Up Electric, Garage Door Opener, Generator-Whole House, Split Br Floor Plan
  • Sp Lp Percent: 100.28
  • Year Taxes Payable: 2023
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2711
  • Total Finished Sq Ft: 2711
  • Above Grade Finished Sq Ft: 2711
  • Price Per Sq Ft: 147.92
  • Basement Foundation: Slab
  • Number Of Fireplaces: 1
  • Fireplace: Family Rm, Gas Log
  • Fireplace: Yes
  • Living Great Room: Dimensions: 12x19, On Level: Main
  • Kitchen: Dimensions: 10x17, On Level: Main
  • Dining Room: Dimensions: 12x11, On Level: Main
  • Family Room: Dimensions: 20x27, On Level: Main
  • Den: Dimensions: 8x9, On Level: Main
  • Bedroom 1: Dimensions: 14x23, On Level: Main
  • Bedroom 2: Dimensions: 11x11, On Level: Main
  • Bedroom 3: Dimensions: 11x11, On Level: Main
  • Number of Main Level Full Bathrooms: 3

Exterior Features

  • Exterior: Brick, Vinyl
  • Outbuilding1: Outbuilding, Dimensions: 35x45

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 22x20
  • Garage Sq Ft: 440
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: Well
  • 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: Level
  • Lot Dimensions: 166x410
  • Estimated Lot Sq Ft: 68060
  • Estimated Lot Size Acres: 1.5

Tax Info

  • Annual Taxes: 2668.4
  • Exemptions: Homestead

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 30, 2023
Closed on
Jan 5, 2024
Sold by
Forth Chad
Bought by
Fegley Christopher and Fegley Sarah Frances
Seller's Agent
Joyce Swartz
Coldwell Banker Real Estate Group
Buyer's Agent
Andrew Overy
eXp Realty, LLC
List Price
$399,900
Sold Price
$401,000
Premium/Discount to List
$1,100
0.28%
Views
43
Current Estimated Value
$426,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,949
Avg. Annual Appreciation
3.67%
Original Mortgage
$531,000
Outstanding Balance
$522,632
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
-$95,683

Purchase Details

Closed on
Apr 12, 2023
Sold by
Forth William
Bought by
Forth Chad

Purchase Details

Closed on
Aug 31, 2020
Sold by
Forth William and Forth Janet E
Bought by
Forth William

Purchase Details

Closed on
Oct 10, 2011
Sold by
William Forth
Bought by
Forth William

Purchase Details

Closed on
Oct 7, 2008
Sold by
Suter Darvin K and Suter Nancy J
Bought by
Forth William and Forth Janet E

Purchase Details

Closed on
Nov 7, 2005
Sold by
Suter Darvin K and Suter Nancy J
Bought by
Suter Darvin K and Suter Nancy J
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
Fegley Christopher -- Fidelity National Title
Forth Chad -- None Listed On Document
Forth William -- None Available
Forth William -- Backs Charles W
Forth William -- --
Suter Darvin K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fegley Christopher $531,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2024 01/05/24 Sold $401,000 +0.3% $148 / Sq Ft
12/02/2023 12/02/23 Pending -- -- --
11/30/2023 11/30/23 For Sale $399,900 -- $148 / 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 $2,765 $356,000 $75,200 $280,800
2023 $2,765 $286,500 $61,200 $225,300
2022 $2,593 $269,700 $61,200 $208,500
2021 $2,123 $233,600 $61,200 $172,400
2020 $2,125 $225,400 $61,200 $164,200
2019 $1,947 $211,000 $61,200 $149,800
2018 $1,931 $202,700 $45,100 $157,600
2017 $1,783 $185,000 $45,100 $139,900
2016 $1,662 $174,900 $45,100 $129,800
2014 $1,740 $182,200 $45,100 $137,100
2013 $1,942 $195,900 $45,400 $150,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202343245

Indiana Regional MLS

APN: 02-03-28-201-003.000-082