Investment Potential for 105 Spruce Ln

The property has a current estimated value of $173,697, which is 1% above the zip median, based on public records. It last sold on September 19, 2023 for $185K. Projected long-term

is $21,000 annually ($1,750 per month) with a 84% occupancy rate.

Property Appreciation
property appreciation
This appreciation forecast is based on proprietary algorithms utilizing publicly available historical market data. Appreciated property values are inherently uncertain and actual appreciation of a property can differ materially for a wide variety of reasons. Learn More.

Last Sale Amount

$185,000

Sold September 19, 2023

Est. Current Value
property value
This property valuation is based on proprietary algorithms utilizing publicly available market data. Whitepages’ Property Value is NOT an appraisal and should not be used in place of one. Learn More.

$174K

($168K - $180K)

1% above zip median

5-Year Forecast
5-year appreciation
This is an estimate of the appreciated property value by year over the next 5 years, based on proprietary algorithms and historical market data. Actual appreciation of a property can differ materially for a variety of reasons. Learn More.

$******

View Forecast

Discover more Single Family Homes in 47243.

See Recommended Properties

Long-Term
Rental Income
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Gross Rental

$21,000 per year($1,750 per month)

$****View Operating Expenses

Net Operating Income

$*****View Net Operating Income

Cap Rate

****%View Cap Rate

Occupancy Rate

84%in 47243 zip code

View Rental Potential

Owners & Occupancy for 105 Spruce Ln

This property is owned by Ronnie Lee Crain. Owner contact information includes 1 phone number and 1 email address.

Occupancy

******

View Occupancy

Appreciation Since Purchased

-$11,303

Purchased September 19, 2023

Number of Owners

1

Property Owners

Ronnie Lee Crain, age **

Cell Phone	(502) *-**View Cell Phone
Residence	***********
Landline
Distance from Property	**********
Email Address	*********@yahoo.comView Email

View All Owner Info

Property Ownership Information

Purchase Date	September 19, 2023
Property Tax Amount	$1,224 in 2023
Purchase Price	$185,000

Occupancy

Current Occupancy

******View Occupancy

Property Details for 105 Spruce Ln

Property Age

47 years

(Remodeled 1990)

3 years newer than zip median

Property Details

Property Sq Ft

Living Area

1,320 sq ft

4% below market

Lot Size

26,310 sq ft

54% above market

Price Per Sq Ft

Living Area

$132 / sq ft

2% below market

Lot Size Area

$7 / sq ft

47% below market

Property Information

Property condition, age, exterior, etc. for 105 Spruce…

Land & Location Information

Longitude: -85.474842 Latitude: 38.708652 Parcel Number (APN): 39-14-13-222-001-000-003…

Recommended Properties in 47243

Discover more single family homes near 105 Spruce Ln in Hanover, Indiana. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Owner Age 55 - 65
$135K - $148K
Est. Value
331 Hickory Dr, Hanover, IN 47243
3 beds · 1 baths · 1,104 sq ft · Built: 1975
Owner Age 65 - 75
$195K - $229K
Est. Value
115 Sharon Ct, Hanover, IN 47243
3 beds · 1 baths · 1,653 sq ft · Built: 1981
Owner Age 55 - 65
$148K - $162K
Est. Value
182 Ohio Ave, Hanover, IN 47243
3 beds · 1 baths · 1,073 sq ft · Built: 1961
Owner Age 65 - 75
$170K - $188K
Est. Value
100 S Oakdale Dr, Hanover, IN 47243
3 beds · 1 baths · 1,218 sq ft · Built: 1983
Valued above Market Median
$217K - $236K
Est. Value
139 S Ash Dr, Hanover, IN 47243
3 beds · 1 baths · 1,470 sq ft · Built: 1983
Owned for Less Than 5 Years
$117K - $127K
Est. Value
311 Shady Nook, Hanover, IN 47243
2 beds · 1 baths · 768 sq ft · Last Sold: $120,000 in 2022 · Built: 1964
High Demand Long-Term Rental
$136K - $146K
Est. Value
168 Maple St, Hanover, IN 47243
3 beds · 1 baths · 1,000 sq ft · Last Sold: $64,500 in 2019 · Built: 1972
Valued below Market Median
$119K - $131K
Est. Value
323 October St, Hanover, IN 47243
3 beds · 1 baths · 1,025 sq ft · Built: 1968
Valued below Market Median
$120K - $131K
Est. Value
122 Maple St, Hanover, IN 47243
3 beds · 1 baths · 1,025 sq ft · Last Sold: $112,000 in 2020 · Built: 1972
High Demand Long-Term Rental
$92.9K - $102K
Est. Value
219 Shady Nook, Hanover, IN 47243
3 beds · 1 baths · 960 sq ft · Last Sold: $42,000 in 2016 · Built: 1963
Owner Age 55 - 65
$249K - $267K
Est. Value
241 S Paine St, Hanover, IN 47243
3 beds · 2 baths · 1,799 sq ft · Last Sold: $175,000 in 2016 · Built: 1998
Owner Age 35 - 45
$135K - $149K
Est. Value
148 Ohio Ave, Hanover, IN 47243
3 beds · 1 baths · 950 sq ft · Built: 1975
Owner Age 65 - 75
$153K - $167K
Est. Value
560 Gray St, Hanover, IN 47243
3 beds · 1 baths · 1,248 sq ft · Built: 1976
Good value per sqft
$56.8K - $64.9K
Est. Value
112 S Main Cross St, Hanover, IN 47243
3 beds · 1 baths · 1,040 sq ft · Built: 1960
Valued below Market Median
$133K - $145K
Est. Value
334 Hickory Dr, Hanover, IN 47243
3 beds · 1 baths · 1,104 sq ft · Built: 1975
Owner Age 65 - 75
$301K - $324K
Est. Value
231 S Paine St, Hanover, IN 47243
4 beds · 2 baths · 2,132 sq ft · Built: 2002
Valued below Market Median
$133K - $145K
Est. Value
150 Sycamore North Dr, Hanover, IN 47243
3 beds · 1 baths · 1,025 sq ft · Last Sold: $30,600 in 2020 · Built: 1973
Owned for 10 - 15 Years
$166K - $190K
Est. Value
3836 W Deer Bend Dr, Hanover, IN 47243
1 baths · 1,515 sq ft · Last Sold: $73,000 in 2015 · Built: 2001
Owned for 5 - 10 Years
$271K - $305K
Est. Value
130 W Marion Dr, Hanover, IN 47243
3 beds · 2 baths · 1,627 sq ft · Last Sold: $211,000 in 2020 · Built: 2017
Owner Age 35 - 45
$204K - $222K
Est. Value
149 Wooded Ct, Hanover, IN 47243
3 beds · 2 baths · 1,282 sq ft · Last Sold: $212,000 in 2022 · Built: 2020

Market Benchmarks

Compare data for 105 Spruce Ln in Jefferson County to the median in the zip code area and surrounding markets, where available.

View zip code benchmarks

Property

Zip

Difference

State

Difference

$173,697

$172,432

$1,265 (1%)

$210,100

-$36,403 (-17%)

$******

$********

$**** (****%)

$306,513

$50,093 (16%)

YoY Price Change

****%

3.01%

-123%

Year Built

1978

1975

3 years

1972

6 years

Living Space

1,320 sq ft

1,375 sq ft

-55 (-4%)

1,582 sq ft

-262 (-17%)

$ Per Living Sq Ft

$132

$135

-$3 (-2%)

$138

-$6 (-4%)

Lot Size

26,310 sq ft

17,100 sq ft

9210 (54%)

12,807 sq ft

13503 (105%)

$ Per Lot Sq Ft

$7

$12

-$6 (-47%)

$19

-$13 (-66%)

Long-Term Rental
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Net Operating Income

$*****

$***** (****%)

$18,060

-$2,366 (-13%)

Annual Revenue

$21,000

$22,200

-$1,200 (-5%)

$24,600

-$3,600 (-15%)

$****

$*** (****%)

$5,949

-$643 (-11%)

Net Operating Income

$*****

$***** (****%)

$18,060

-$2,366 (-13%)

Cap Rate

****%

—

7.89%

—

View Zip code Data

Home Value Comparison

Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

Property Condition	*******View Condition
Property Type	Single Family Home
Total Bedrooms	3
Total Bathrooms	1.5
Year Built	1978
Building Sq Ft	1,320 sq ft
Lot Size	1 Acres
Living Space	1,320 sq ft
Heating / Fuel	Warm Air
Air Conditioning	Central A/C
Roof Covering	Asphalt Shingle
Garage	Garage
Fireplace	Yes
Fireplace Type	Masonry
Sewer	Public

APN	39-14-13-222-001-000-003
Census Tract	9663002011
Municipality	Hanover Twp
County	Jefferson
Neighborhood	47243
Longitude / Latitude	-85.474842 / 38.708652
Lot Size	26,310 sq ft

105 Spruce Ln Hanover, IN 47243

property value

$173,697

market valuation

$172,432

market valuation

$172,362

investment intelligence

Investment Potential for 105 Spruce Ln

rental income

property appreciation

Last Sale Amount

$185,000

property value

$174K

($168K - $180K)

5-year appreciation

rental income

operating expenses

Owners & Occupancy for 105 Spruce Ln

Occupancy

Appreciation Since Purchased

-$11,303

Number of Owners

1

Property Owners

Ronnie Lee Crain, age **

Property Ownership Information

Occupancy

Property Details for 105 Spruce Ln

Property Age

47 years

(Remodeled 1990)

Property Details

Property Sq Ft

Living Area

Lot Size

Price Per Sq Ft

Living Area

Lot Size Area

Property Information

Land & Location Information

Recommended Properties in 47243

$135K - $148K

Est. Value

331 Hickory Dr, Hanover, IN 47243

3 beds · 1 baths · 1,104 sq ft · Built: 1975

$195K - $229K

Est. Value

115 Sharon Ct, Hanover, IN 47243

3 beds · 1 baths · 1,653 sq ft · Built: 1981

$148K - $162K

Est. Value

182 Ohio Ave, Hanover, IN 47243

3 beds · 1 baths · 1,073 sq ft · Built: 1961

$170K - $188K

Est. Value

100 S Oakdale Dr, Hanover, IN 47243

3 beds · 1 baths · 1,218 sq ft · Built: 1983

$217K - $236K

Est. Value

139 S Ash Dr, Hanover, IN 47243

3 beds · 1 baths · 1,470 sq ft · Built: 1983

$117K - $127K

Est. Value

311 Shady Nook, Hanover, IN 47243

2 beds · 1 baths · 768 sq ft · Last Sold: $120,000 in 2022 · Built: 1964

$136K - $146K

Est. Value

168 Maple St, Hanover, IN 47243

3 beds · 1 baths · 1,000 sq ft · Last Sold: $64,500 in 2019 · Built: 1972

$119K - $131K

Est. Value

323 October St, Hanover, IN 47243

3 beds · 1 baths · 1,025 sq ft · Built: 1968

$120K - $131K

Est. Value

122 Maple St, Hanover, IN 47243

3 beds · 1 baths · 1,025 sq ft · Last Sold: $112,000 in 2020 · Built: 1972

$92.9K - $102K