Check Availability

5129 East Shady Point Drive

5129 East Shady Point Drive, Monticello, IN 47960
Property in Liberty
Sold Oct 07, 2019
$218,250
$174,600 by First Midwest Bk
Mortgage Due Nov 01, 2049
5129 East Shady Point Drive has been categorized by the local assessors in Monticello, IN as a residential type of property. The building on the property was first built in 1940 and is 84 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5129 East Shady Point Drive has 900 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,100 ft and across the front of the lot is 530 ft. The area measurement of the land has been determined as 2,308,680 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. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of D 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. Finally, the property is currently sourcing its water from none system. The building on the property is connected to a sewer 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, 5129 East Shady Point Drive sold most recently in Oct 4, 2019 for a total of $218,250. If you work out the math, that's approximately a cost of $242.50 per sqft. 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 $1,903 in taxes each year. 5129 East Shady Point Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $219,000. If we break it down further, the land itself was valued at $98,500. Improvements to the property, however, were assessed at a total of $120,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1940
  • Effective Year Built: 1940
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: D
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,308,680
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 530
  • Total Building Area: 900
  • Building Area: 900
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 900
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: SHADY POINT PARK ADD
  • Land Acres: 53
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SHADY POINT PARK ADD LOT 9

Ownership

  • Current Owner : GRASCH MICHAEL
  • Previous Owner : GARING MICHAEL L
  • Previous Owner 2: GARING SHARON

Neighborhood

  • School District Name: North White School Corporation
  • Census Tract: 958501

Geography

  • Assessors Map Reference: MP 18.000
  • Account Number: 007-95560-00
  • District: 0005
  • Parcel: 91-83-33-000-007.100-010
  • Lot: 9
  • Municipality: LIBERTY TOWNSHIP
  • Latitude: 40.8379
  • Longitude: -86.7719

    Address

  • Full Address: 5129 E Shady Point Dr
  • Address - House Number: 5129
  • Street Direction: E
  • Address - Street Name: Shady Point
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Monticello
  • Carrier Code: R001
  • 4-Digit Zip Code: 7314
  • Zip Code: 47960

Valuation

    Tax

  • Total Area: 900
  • Tax Year: 2023
  • Tax Amount: $1,903
  • Tax Rate Code Area: 10:LIBERTY

    Appraisal Valuation

  • Standard Deviation: 0.1891
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 312,704
  • High Value: 371,839
  • Low Value: 253,569

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $174,600
  • First Open Lien Mortgage Lender: FIRST MIDWEST BK
  • First Open Lien Mortgage Recording Date: Oct 07, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $174,600
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2049

    Market Valuation

  • Market Total Value: $219,000
  • Market Land Value: $98,500
  • Market Improvement Value: $120,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $219,000
  • Assessed Land Value: $98,500
  • Assessed Improvements Value: $120,500

    Sales

  • Current Sale Contract Date: Oct 04, 2019
  • Current Sale Recording Date: Oct 07, 2019
  • Current Sale Transaction ID: 11830905619
  • Current Sale Price: $218,250
  • Current Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST MIDWEST BK
  • First Mortgage Transaction Date: Oct 07, 2019
  • First Mortgage Loan Amount: $174,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Nov 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About White



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 5953 E Liberty Drive, Monticello, IN, 47960

$1,650 /mo

  • 3 Beds
  • 1 Bath
  • 1,284 ft²
5953 E Liberty Drive, Monticello, IN, 47960 Listing by Michelle Gerhart

Frequently Asked Questions

What neighborhood is 5129 East Shady Point Drive located in?
The 5129 East Shady Point Drive is a located in the neighborhood of Liberty in White, Monticello.
What is the average sales price for listings in 5129 East Shady Point Drive?
The average sales price for units in 5129 East Shady Point Drive is $0 currently.

Quantcast