Neighborhood
615 S Park Ave, Bloomington, IN 47401
2 beds · 1 bath · 1,300 sq ft · Lot: 6,665 sq ft · Single Family Home · Last Sold: $245K in 2018 · Built: 1914
Est. Value:
$281K
Est. Rent:
$3.8K/month

615 S Park Ave Bloomington, IN 47401

Get Owner Info
2 beds · 1 bath · 1,300 sq ft · Lot Size: 6,665 sq ft · Single Family Home · Elm Heights
Est. Property Value: $280,800

High Demand Long-Term RentalOwned for 5 - 10 YearsOwner Age 45 - 55

Get AI-powered intel on property income potential, propensity to sell and other key info to close on the right property.

615 S Park Ave is in the Elm Heights neighborhood of Bloomington, IN. It is located in Monroe County and ZIP code 47401. This Single Family Home was built in 1914 and is approximately 111 years old. The single family home spans 1300 sq ft with 2 bedrooms and 1 bathroom and sits on a 6665 sq ft lot. According to public records, it was last sold in 2018 for $245,000 and has a tax-assessed value of $344,200, which is $216 per sq ft. The Elm Heights area of Bloomington has 146 residential homes with an average size of 1295 sq ft. Analyze and compare real estate investment strategies for properties like this home at 615 S Park Ave Bloomington, IN 47401 with Property Intel by Whitepages.

Investment Potential for 615 S Park Ave

The property has a current estimated value of $280,800, which is 1% above the neighborhood median, based on public records. It last sold on July 20, 2018 for $245K. Projected long-term
is $45,600 annually ($3,800 per month) with a 90% occupancy rate.

Discover more Single Family Homes in Elm Heights.
See Recommended Properties

Long-Term

Gross Rental
$45,600 per year($3,800 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
90%in 47401 zip code
 
View Rental Potential

Owners & Occupancy for 615 S Park Ave

This property is owned by Bryan D Orthel. Owner contact information includes 1 phone number and 1 email address.

Property Owners

Residence***************
Landline(785) 532-1658
Distance from Property**********
Email Address********@gmail.comView Email
View All Owner Info

Property Ownership Information

Purchase DateJuly 20, 2018
Property Tax Amount$3,656 in 2023
Purchase Price$245,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1************** age 48

Property Details for 615 S Park Ave

Property Details

Property Sq Ft

Living Area

1,300 sq ft

0% above market

Lot Size

6,665 sq ft

11% below market

Price Per Sq Ft

Living Area

$216 / sq ft

3% above market

Lot Size Area

$42 / sq ft

19% above market

Property condition, age, exterior, etc. for 615 S Park…
Longitude: -86.523704 Latitude: 39.160489 Parcel Number (APN): 53-08-04-111-005.000-009…
Mortgage originated on through lender: Ruoff Mtg for$******View Mortgage Details
On a scale of 1-10, how useful do you find the information provided on this page?
Not usefulUseful

Recommended Properties in Elm Heights

Discover more single family homes near 615 S Park Ave in Bloomington, Indiana. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 615 S Park Ave in Monroe County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$280,800
$138,759
$142,040 (102%)
$******
$213,290
$94,546 (44%)
YoY Price Change
****%
5.26%
27%
Year Built
1914
1947
-33 years
Living Space
1,300 sq ft
1,104 sq ft
196 (18%)
$ Per Living Sq Ft
$216
$125
$91 (73%)
Lot Size
6,665 sq ft
8,260 sq ft
-1595 (-19%)
$ Per Lot Sq Ft
$42
$18
$24 (138%)

Net Operating Income
$*****
$14,228
$19,544 (137%)
Annual Revenue
$45,600
$18,600
$27,000 (145%)
$*****
$4,008
$7,820 (195%)
Net Operating Income
$*****
$14,228
$19,544 (137%)
Cap Rate
****%
9.72%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

Find More Housing Markets Near Bloomington

Nearby Cities

  1. Ellettsville Investment Properties
  2. Bedford Investment Properties
  3. Martinsville Investment Properties
  4. Nineveh Investment Properties
  5. Monrovia Investment Properties
  6. Mooresville Investment Properties
  7. Bargersville Investment Properties
  8. Columbus Investment Properties
  9. Franklin Investment Properties
  10. Edinburgh Investment Properties

Nearby Neighborhoods

  1. Western Hills in Columbus, IN
  2. U.S. 31 - Indianapolis Road in Columbus, IN
  3. Downtown Columbus in Columbus, IN
  4. Central Columbus in Columbus, IN
  5. Western Rocky Ford in Columbus, IN
  6. East Columbus in Columbus, IN
  7. East 25th Street in Columbus, IN
  8. Camby in Camby, IN
  9. Southern Dunes in Indianapolis, IN
  10. Valley Mills in Indianapolis, IN