NOT LISTED FOR SALE

Estimated Value: $172,000 - $294,000

5 Beds
6 Baths
4,182 Sq Ft
$60/Sq Ft Est. Value

Last Sold September 01, 2023

Last sale price $300,000 $72 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $1,681/month

About This Home

As of September 2023

Price includes; 8 storage units and 603 W. Market St. that is now a vacant lot. Great brick 6-unit multi-family property conveniently located close to downtown Bloomington. Some units and all of the hallway flooring has been upgraded to Luxury Vinyl Plank. Property can be sold in a package with 607 W. Market- Tax ID: 21-04-156-014 or individually with the lot for 603 W Market. Profit and loss statement available to qualified and interested buyers.

Last Agent to Sell the Property

Sean Bozarth

RE/MAX Rising License #475135415 Listed on: 06/25/2023

RE/MAX Rising

Last Buyer's Agent

Noelle Burns

RE/MAX Rising License #475143118

RE/MAX Rising

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,586

Year Built

  • Built in 1968

Lot Details

  • 3,580 Sq Ft Lot
  • Lot Dimensions are 59x59
  • Additional Parcels

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,182 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $5,000
  • Gross Income $3,912

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,586

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1968
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 5
  • Basement Description: Other,None
  • Misc Inside: Laundry Room
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 300000
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces,Unpaved

Utilities

  • Cooling: Window Unit(s)
  • Utilities: Water-Municipal, Sanitary Sewer
  • Heat/Ventilation: Gas,Hot Water

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 59X59
  • Lot Size Sq Ft: 3580
  • Zoning: MULTI
  • Land Amenities: Security Entrance

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 23

Building Info

  • BuildingAreaTotal: 4182

Multi Family

  • GrossIncome: 3912
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 5000
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 3586
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2023
Closed on
Aug 17, 2023
Sold by
Barak Properties Llc
Bought by
Doogan Family Trust and Doogan
Seller's Agent
Sean Bozarth
RE/MAX Rising
Buyer's Agent
Noelle Burns
RE/MAX Rising
List Price
$300,000
Sold Price
$300,000
Views
1
Current Estimated Value
$248,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$51,076
Avg. Annual Appreciation
-9.80%
Original Mortgage
$110,000
Outstanding Balance
$75,721
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$168,334

Purchase Details

Closed on
Feb 4, 2021
Sold by
Masching Doug and Masching Douglas
Bought by
Barak Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,293,306
Interest Rate
2.65%
Mortgage Type
Construction

Purchase Details

Listed on
Apr 17, 2012
Closed on
Jun 10, 2013
Sold by
Heartland Bank And Trust Co
Bought by
Masching Doug
Seller's Agent
Steve Sovereign
Coldwell Banker Real Estate Group
Buyer's Agent
Sean Bozarth
RE/MAX Rising
List Price
$120,000
Sold Price
$108,000
Premium/Discount to List
-$12,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.89%

Purchase Details

Closed on
Apr 4, 2012
Sold by
Butzirus Brad L and Butzirus Martha E
Bought by
Heartland Bank & Trust Company
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
Doogan Family Trust $300,000 None Listed On Document
Barak Holdings Llc -- None Listed On Document
Masching Doug $108,000 First Community Title
Heartland Bank & Trust Company -- First Community Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Doogan Family Trust $110,000
Previous Owner Barak Holdings Llc $2,254,000
Previous Owner Barak Holdings Llc $2,293,306
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2023 09/01/23 Sold $300,000 0.0% $72 / Sq Ft
06/25/2023 06/25/23 Pending -- -- --
06/25/2023 06/25/23 For Sale $300,000 +177.8% $72 / Sq Ft
06/10/2013 06/10/13 Sold $108,000 -10.0% $26 / Sq Ft
05/07/2013 05/07/13 Pending -- -- --
04/17/2012 04/17/12 For Sale $120,000 -- $29 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $3,918 $59,642 $14,322 $45,320
2022 $3,918 $46,099 $11,070 $35,029
2021 $3,587 $42,201 $10,134 $32,067
2020 $3,577 $42,201 $10,134 $32,067
2019 $3,566 $42,201 $10,134 $32,067
2018 $4,169 $49,539 $9,651 $39,888
2017 $4,171 $49,539 $9,651 $39,888
2016 $4,163 $49,539 $9,651 $39,888
2015 $3,993 $47,651 $9,283 $38,368
2014 $3,867 $47,651 $9,283 $38,368
2013 -- $47,651 $9,283 $38,368
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11874157

Midwest Real Estate Data (MRED)

APN: 21-04-156-018