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1585 East Moffett Lane

1585 East Moffett Lane, Bloomington, IN 47401
Property in Perry
Sold Nov 20, 2019
$220,000
$220,000 by Mutual Bank Fsb
Mortgage Due Nov 15, 2039
Sold May 19, 2017
$172,000
$168,884 by Quicken Loans Inc
Mortgage Due Jun 01, 2047
1585 East Moffett Lane has been categorized by the local assessors in Bloomington, IN as a residential type of property. The building on the property was first built in 1954 and is 70 years old. However, we must point out that the home was most recently renovated and altered in 1974. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1585 East Moffett Lane has 1,348 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 122,839 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a mixed used garage for those who require parking. The garage measured 884 sqft. According to our sources, there are a total of 3 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C- by the local assessor. The roof of the building is made of asphalt. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1585 East Moffett Lane sold most recently in Nov 15, 2019 for a total of $220,000. If you work out the math, that's approximately a cost of $163.20 per sqft. Before that, the property was also sold for $172,000 in May 1, 2017. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,525 in taxes each year. 1585 East Moffett Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $175,700. If we break it down further, the land itself was valued at $47,300. Improvements to the property, however, were assessed at a total of $128,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1974
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C-
  • Construction Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Mixed use
  • Garage Square Area: 884
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 122,839
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,348
  • Building Area: 1,348
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,348
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: None
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 2.82
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PT SW NW 27-8-1W 2.82A

Ownership

  • Current Owner : MORRISON DAVID S
  • Current Owner 2: MORRISON DANA S
  • Previous Owner : BANKS JACQUELINE RAE
  • Previous Owner 2: DICKS ROBERT
  • Owner Before Previous Owner: KOSBE GLENDA
  • Owner Before Previous Owner 2: DAWN GLENDA

Neighborhood

  • School District Name: Monroe County Community School Corporation
  • Census Tract: 001501

Zoning

  • Zoning: SR

Geography

  • Assessors Map Reference: 27.01 -0042.000
  • Account Number: 014-25670-00
  • District: 0006
  • Section: 27
  • Parcel: 53-08-27-200-007.000-008
  • Municipality: PERRY TOWNSHIP
  • Latitude: 39.1002
  • Longitude: -86.5152

    Address

  • Full Address: 1585 E Moffett Ln
  • Address - House Number: 1585
  • Street Direction: E
  • Address - Street Name: Moffett
  • Address - Suffix Type: Ln
  • State: IN
  • City Name: Bloomington
  • Carrier Code: R083
  • 4-Digit Zip Code: 9404
  • Zip Code: 47401

Valuation

    Tax

  • Total Area: 1,348
  • Tax Year: 2022
  • Tax Amount: $3,525
  • Tax Rate Code Area: 8:PERRY TO

    Appraisal Valuation

  • Standard Deviation: 0.1488
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 82
  • Final Value: 286,961
  • High Value: 329,678
  • Low Value: 244,243

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $220,000
  • First Open Lien Mortgage Lender: MUTUAL BANK FSB
  • First Open Lien Mortgage Recording Date: Nov 20, 2019
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $220,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Nov 15, 2039

    Market Valuation

  • Market Total Value: $175,700
  • Market Land Value: $47,300
  • Market Improvement Value: $128,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $175,700
  • Assessed Land Value: $47,300
  • Assessed Improvements Value: $128,400

    Sales

  • Current Sale Contract Date: Nov 15, 2019
  • Current Sale Recording Date: Nov 20, 2019
  • Current Sale Transaction ID: 11707976195
  • Current Sale Price: $220,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019017011
  • Previous Sale Recording Date: May 19, 2017
  • Previous Sale Contract Date: May 01, 2017
  • Previous Sale Amount: $172,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MUTUAL BANK FSB
  • First Mortgage Transaction Date: Nov 20, 2019
  • First Mortgage Loan Amount: $220,000
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Nov 15, 2039

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: QUICKEN LOANS INC
  • Previous Mortgage Transaction Date: May 19, 2017
  • Previous Mortgage Loan Amount: $168,884
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2047

About Monroe



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Frequently Asked Questions

What neighborhood is 1585 East Moffett Lane located in?
The 1585 East Moffett Lane is a located in the neighborhood of Perry in Monroe, Bloomington.
What is the average sales price for listings in 1585 East Moffett Lane?
The average sales price for units in 1585 East Moffett Lane is $0 currently.

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