NOT LISTED FOR SALE

997 Colonial Way Franklin, IN 46131

Estimated Value: $248,000 - $257,350

3 Beds
2 Baths
1,600 Sq Ft
$158/Sq Ft Est. Value

Last Sold April 14, 2016

Last sale price $105,000 $66 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $1,524/month

5 Days on Market

Highlights

  • Ranch Style House
  • Covered Patio or Porch
  • Walk-In Closet
  • Cathedral Ceiling
  • Woodwork
  • Forced Air Heating and Cooling System

About This Home

As of April 2016

3 bedroom, 2 full bath, 2 car garage ranch home with an open concept. 1,600 Sq. Ft and perfect for entertaining. Nice master bedroom with it's own bath and walk-in closet. All appliances stay except the washer and dryer. New blinds and interior paint. Great Room is large with a cathedral ceiling and overlooks the kitchen. Community clubhouse, swimming pool, basketball, volleyball, tennis court, trails, ponds, playground areas and a 6 acre park.

Last Agent to Sell the Property

Mike Watkins

Dropped Members License #RB14006793 Listed on: 03/01/2016

Co-Listed By

Pat Watkins

Mike Watkins Real Estate Group License #RB14036818

Last Buyer's Agent

Beth McNabb

Keller Williams Indy Metro S License #RB14038659

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,082

Year Built

  • Built in 2008

Lot Details

  • 7,754

Home Design

  • Ranch Style House
  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,600 Sq Ft Home
  • Woodwork
  • Cathedral Ceiling
  • Fire and Smoke Detector
  • Laundry on main level

Kitchen

  • Electric Oven
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • Garage
  • Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • 7,754 Sq Ft Lot

Community Details

  • Association fees include clubhouse, insurance, maintenance, parkplayground, pool, tennis court(s)
  • Heritage Subdivision
  • Property managed by Main Street Management

Listing and Financial Details

  • Assessor Parcel Number 410812022061000018

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,082

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2014
  • Year Built: 2008
  • Co List Office Phone: 317-882-6453
  • Garage Y N: Yes
  • Lot Size Acres: 0.178
  • Subdivision Name: HERITAGE
  • Inspection Warranties: General
  • Property Description: 3 bedroom, 2 full bath, 2 car garage ranch home with an open concept. 1,600 Sq. Ft and perfect for entertaining. Nice master bedroom with it's own bath and walk-in closet. All appliances stay except the washer and dryer. New blinds and interior paint. Great Room is large with a cathedral ceiling and overlooks the kitchen. Community clubhouse, swimming pool, basketball, volleyball, tennis court, trails, ponds, playground areas and a 6 acre park.
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Disposal, MicroHood, Electric Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Cathedral Ceiling(s), Walk-in Closet(s), Wood Work Painted
  • Living Area: 1600
  • Other Equipment: Smoke Detector
  • Room Count: 5
  • Areas Interior: Laundry Room Main Level
  • Eating Area: Eat In Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 1600
  • Main Level Sq Ft: 1600
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Master Bedroom Description: TubFull,Tub Garden,Main Level,Closet Walk in
  • Total Sq Ft: 1600
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 0
  • Optional Level Below Grade: No Basement

Exterior Features

  • Construction Materials: Vinyl With Brick
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Concrete
  • Foundation Details: Slab
  • Association Maintained Building Exterior: 0
  • Porch: Covered Porch

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: 2 Car Attached
  • Garage Parking Other: Garage Door Opener

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Utility Options: Cable Available
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Management Company Name: Main Street Management

Fee Information

  • Association Fee Includes: Clubhouse, Insurance, Maintenance, ParkPlayground, Pool, Tennis Court(s)
  • Mandatory Fee: 350

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 410812022061000018
  • Acres: <1/4 Acre
  • Lot Information: Corner,Storm Sewer,Street Lights
  • Lot Number: 367
  • Lot Size: 7,754

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 1082
  • Semi Annual Property Tax Amt: 541
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption

MLS Schools

  • School District: Franklin Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2016
Closed on
Apr 14, 2016
Sold by
Reed Brent P
Bought by
Wright Amy M
Seller's Agent
Mike Watkins
Dropped Members
Buyer's Agent
Beth McNabb
Keller Williams Indy Metro S
List Price
$114,900
Sold Price
$105,000
Premium/Discount to List
-$9,900
-8.62%
Current Estimated Value
$253,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,588
Avg. Annual Appreciation
9.60%

Purchase Details

Listed on
Jun 2, 2013
Closed on
Jul 23, 2013
Sold by
The Secretary Of Hud
Bought by
Reed Brent P
Seller's Agent
Scott Smith
Keller Williams Indy Metro S
Buyer's Agent
Phillip Hawkins
Indiana Real Estate Group, LLC
List Price
$90,000
Sold Price
$90,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.83%
Original Mortgage
$90,670
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 22, 2013
Sold by
Everbank
Bought by
Secretary Of Hud

Purchase Details

Closed on
Mar 21, 2013
Sold by
Howell Donald S and Howell Patricia M
Bought by
Everbank

Purchase Details

Closed on
Jun 13, 2008
Sold by
C P Morgan Communities L P
Bought by
Howell Donald S and Howell Patricia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,675
Interest Rate
6.05%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wright Amy M -- Attorney
Reed Brent P -- None Available
Secretary Of Hud -- None Available
Everbank $143,732 None Available
Howell Donald S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reed Brent P $90,670
Previous Owner Howell Donald S $129,675
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/14/2016 04/14/16 Sold $105,000 0.0% $66 / Sq Ft
03/07/2016 03/07/16 Off Market $105,000 -- --
03/01/2016 03/01/16 For Sale $114,900 +27.7% $72 / Sq Ft
07/25/2013 07/25/13 Sold $90,000 0.0% $56 / Sq Ft View Prior Sale
06/11/2013 06/11/13 Pending -- -- --
06/01/2013 06/01/13 For Sale $90,000 -- $56 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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
2025 $2,262 $213,800 $31,000 $182,800
2024 $2,262 $205,300 $31,000 $174,300
2023 $2,227 $201,900 $31,000 $170,900
2022 $2,064 $186,000 $31,000 $155,000
2021 $1,749 $158,600 $31,000 $127,600
2020 $1,455 $133,000 $31,000 $102,000
2019 $1,428 $130,700 $14,900 $115,800
2018 $1,223 $127,700 $14,900 $112,800
2017 $1,159 $114,900 $14,900 $100,000
2016 $1,109 $117,000 $14,900 $102,100
2014 $1,081 $108,100 $25,200 $82,900
2013 $1,081 $109,000 $25,200 $83,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Mike Watkins

    Dropped Members

  • Pat Watkins

    Seller Co-Listing Agent in 2016

    Pat Watkins

    Mike Watkins Real Estate Group

    (317) 698-9566

    24 in this area

    598 Total Sales

    Pat Watkins
    Section Image

  • B

    Buyer's Agent in 2016

    Beth McNabb

    Keller Williams Indy Metro S

  • Scott Smith

    Seller's Agent in 2013

    Scott Smith

    Keller Williams Indy Metro S

    (317) 884-5000

    14 in this area

    629 Total Sales

    Scott Smith
    Section Image

  • P

    Buyer's Agent in 2013

    Phillip Hawkins

    Indiana Real Estate Group, LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21401442

MIBOR Broker Listing Cooperative®

APN: 41-08-12-022-061.000-018

Indiana Johnson County Franklin 46131

997 Colonial Way, Franklin, IN

Not Listed for Sale

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