1305 South Park Avenue

Bloomington, IN 47401

$345,500
Price
3
Beds
2
Baths
1,828 Sq. Ft.
$189 / Sq. Ft.
1,828
Sq. Ft.
$189
per Sq. Ft.

Description

The 2024 appraised value came in at $410k! Instant equity! This spacious and versatile property, located just 1 mile south of Indiana University, offers an ideal investment opportunity with immediate income potential. Currently rented, this home is perfectly situated for student, professional or generational living. Featuring a unique layout, the property provides the option for one tenant or owner to enjoy their own private upstairs floor, complete with a full kitchen, while two other tenants/owners...The 2024 appraised value came in at $410k! Instant equity! This spacious and versatile property, located just 1 mile south of Indiana University, offers an ideal investment opportunity with immediate income potential. Currently rented, this home is perfectly situated for student, professional or generational living. Featuring a unique layout, the property provides the option for one tenant or owner to enjoy their own private upstairs floor, complete with a full kitchen, while two other tenants/owners can share the main floor, which includes a kitchenette. The convenience of having separate living spaces under one roof is further enhanced by the large outdoor living space. Laundry room located on the main level. New as of 2019: entire roof system (shingles, framing, trusses, gutters with leaf guards), drywall, insulation, 2nd floor windows, kitchen cabinetry, flooring, appliances, bathroom, etc. With its proximity to the university and flexible living arrangement, this property is a rare find that promises both comfort and profitability.
  1. Listed by Rebekah Sims • Century 21 Scheetz - Bloomington

Property Details for 1305 South Park Avenue

Style
Two Story
Subdivision
Bryan Park
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 11/07/2024 03:11 PM

Property Details for 1305 South Park Avenue

StatusActive
MLS #202433118
Days on Market88
Taxes$5,597 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Other
Year Built1985
Lot Size0.19 AC / 8,276 SF
CountyMonroe County

Building Information for 1305 South Park Avenue

Stories2Residences1Year Built1985Building Size-Lot Size0.19 AC / 8,276 SF

Property Information for 1305 South Park Avenue

Summary
Location and General Information
  • Area: Monroe County
  • City: Bloomington
  • Zip Code: 47401
  • State: IN
  • Township: Perry
  • Geo Latitude: 39
  • Geo Longitude: -87
  • Fips Code: 18105
  • Directions To Property: S on Walnut, East on Hillside, Left at Park Ave. House will be on your right.
  • Location: City/Town/Suburb, Near College Campus
Taxes and HOA
  • Assessed Value $: $410,000.00
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 24 pay 25
  • Parcel Number Id: 53-08-04-403-039.000-009
School Information
  • School District: Monroe County Community School Corp.
  • Elementary: Templeton
  • Middle School: Jackson Creek
  • High School: Bloomington South
Parking
  • Number Of Parking Spaces: 4
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Other
  • Approx Lot Size Acres: 0.19
  • Lot Dimensions: irregular
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 1828.0
  • Approx Lot Size Sqft: 8276.0
  • Above Grade Finished Sqft: 1828.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 1828.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Irregular, Level
Property and Assessments
  • New Construction: No
  • Year Built: 1985
  • Age: 39
  • Expiration Of Permit: 11-09-2025
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Ceiling Fan, Off Street Parking, Deck Covered, Deck Open, Washer Hook-Up
  • Exterior: Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Shingle
Interior Features
  • Number of Electric Meters: 1
  • Number of Gas Meters: 1
  • Number of Dishwashers: 1
  • Number of Disposals: 1
  • Number of Dryers: 1
  • Number of Microwaves: 1
  • Number of Ranges/Ovens: 1
  • Number of Refrigerators: 1
  • Number of W/D Hookups: 1
  • Number of Washers: 1
  • Number Water Meters: 1
  • Basement: No
  • Basement/Foundation: Slab
  • Cooling: Central Air
  • Flooring: Laminate
  • Heating/Fuel: Gas, Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 3
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 3
  • Total Number of Full Baths: 2
  • Total Number of Half Baths: 0
  • Total Baths: 2
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 1
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Number of People Allowed: 3
  • Num of Efficiencies: 0
  • Num of Units Rented: 1
  • Number of Units: 1
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $21,600
  • Annual Insurance Expense: $797
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $15,206
  • Annual Property Tax: $5,597
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $1,800
  • Gross Monthly Rent: $1,800
Unit Information
Unit 1
  • Unit 1 SqFt: 1828
  • Unit 1-Num of Bathrooms: 2
  • Unit 1-Num of Bedrooms: 3
  • Unit 1-Num of Rooms: 7
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Garage: No
  • Unit 1-Laundry Room: Bathroom
  • Unit 1-Lease Exp Date: 08-07-2025
  • Unit 1-Level: Upper
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 1305
  • Unit 1-Unit Rent $: $1,800
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Building Insurance
  • Tenant Pays: Electric, Lawn Maintenance, Sewer, Trash Collection, Water

Property History for 1305 South Park Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1305 South Park Avenue

Taxable ValueLand$500Additions-Total$500
Tax Record2023$11 ($1 / month)
Home Facts
Beds0Lot Size3,485 SqFtStyleResidentialCountyMONROEAPN53-08-09-104-138.000-009

Schools near 1305 South Park Avenue

This home is within Monroe County Com Sch Corp.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Templeton Elementary School
PublicPK to 6

Jackson Creek Middle School
Public7 to 8

Bloomington High School South
Public9 to 12

Bloomington Graduation School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1305 South Park Avenue is a multi-family home for sale in Bloomington, IN 47401. This property was listed for sale on August 29, 2024 by Century 21 Scheetz - Bloomington, it's currently listed at $345,500. This listing's school district is Monroe County Com Sch Corp. Nearby schools include Templeton Elementary School, Jackson Creek Middle School and Bloomington High School South. 1305 South Park Avenue is a 3-bed, 2-bath, 1,828 sqft multi-family home built in 1985.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Scheetz - Bloomington

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.