Score
0Bloomington, IN
4933 S Old State Road 37
175K
2 beds
2 baths
856 sqft
2 bd • 2 ba • 856 sf
This analysis was generated on 1/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$174,900
Price/Sq.Ft
$204
Year Built
1985
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 4933 S Old State Road 37, Bloomington, IN offers several attractive features. At $174,900, it's priced competitively at $204.32/sqft, which is below the median price for the area. The home sits on a generous one-acre lot, providing ample outdoor space and privacy. The oversized 484 sq ft garage offers extra storage, a valuable feature for many buyers. Recent updates include new carpet and paint, making it move-in ready. The home's ranch style with a walkout basement is desirable for those seeking single-level living with potential for expansion. Climate risk scores are generally favorable, with minimal flood risk (1/10) and minor wind risk (2/10), potentially leading to lower insurance costs.
The Bad
The property's size at 856 sq ft is smaller than many families require, limiting its appeal. Built in 1985, it's approaching 40 years old, which may mean upcoming maintenance issues and outdated systems. The home has been on the market for an unusually long time (4187 days), which raises questions about its marketability or potential hidden issues. The moderate fire risk (3/10) and heat risk (4/10) could lead to higher insurance premiums and cooling costs. The nearby schools have relatively low ratings (4/10, 5/10, and 2/10), which may deter families with children.
The Ugly
The property's extended time on the market (over 11 years) is a significant red flag. This could indicate serious underlying issues or overpricing. The price history shows multiple failed attempts to rent or sell the property, suggesting potential problems that have deterred buyers and renters. The unfinished basement, while offering potential, represents an additional cost for buyers looking to maximize living space. The home's location on Old State Road 37 may mean higher traffic noise and reduced walkability. The moderate heat risk (4/10) combined with the home's age could mean inefficient cooling systems, leading to high utility bills during summer months.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for first-time homebuyers, downsizers, or investors looking for a rental property. With a price of $174,900, it's accessible for buyers with household incomes around $60,000-$70,000, assuming a 20% down payment and factoring in property taxes and insurance. The ranch style and manageable size make it ideal for retirees or those with mobility concerns. Investors could potentially rent it for around $1,210/month (based on local two-bedroom rental rates), which could provide a decent return if purchased at the asking price.
Not For
This property is not suitable for larger families needing more than two bedrooms or those requiring more than 856 sq ft of living space. It's also not ideal for buyers seeking newer construction or updated systems, as the 1985 build date suggests potential near-future maintenance costs. Families prioritizing top-rated schools should look elsewhere due to the mediocre school ratings. Buyers looking for a quick appreciation or flip opportunity may want to reconsider, given the property's extended market time and price history.
Demographics
Area Median Income
$54,438
Property History
Price History
Ownership Timeline
$99,748Cash Purchase
Sep 15, 2017Timothy Sears, American Acceptance Co LlcU S National Bank Trust N A
Sheriffs Deed
Foreclosure
Property Taxes
$2,298
2023 Tax Assessment
15.9%from previous year
Assessed Value$171,200
Tax Rate1.34%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
4.0/10
AverageMiddle
3.5/10
Below AverageFinancials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$1,210
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$174,900
Price/sqft
$204
Layout
2 bd•2 ba
Days on market
207 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$127,717
36.9%
Your price is 36.9% above average
Median Price
$140,000
24.9%
Based on 6 recent sales
Price per Sq.Ft
$147
39.0%
Your price is 39.0% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1665 E Moffett Lane, Bloomington, IN 47401 | $140,000 | 936 | 3 | 2 | $15026.8% | 8/29/2024 |
| 5927 S Catherine Street, Bloomington, IN 47403 | $225,000 | 1,025 | 3 | 1 | $2207.4% | 10/10/2024 |
| 549 E Holland Drive, Bloomington, IN 47403 | $199,900 | 960 | 3 | 1 | $2081.9% | 9/12/2024 |
| 5900 Anne Court, Bloomington, IN 47403 | $78,000 | 1,008 | 3 | N/A | $7762.1% | 8/28/2024 |
| 5923 Catherine St., Bloomington, IN 47403 | $79,900 | 1,008 | 3 | N/A | $7961.2% | 7/30/2024 |
| 4011 Crane Court Lot 106, Bloomington, IN 47426 | $43,500 | N/A | N/A | N/A | N/A | 1/10/2025 |
1665 E Moffett Lane, Bloomington, IN 47401
Price: $140,000
Sq.Ft: 936
Beds/Baths: 3/2
$/Sq.Ft:
$15026.8%
Sale Date: 8/29/2024
5927 S Catherine Street, Bloomington, IN 47403
Price: $225,000
Sq.Ft: 1,025
Beds/Baths: 3/1
$/Sq.Ft:
$2207.4%
Sale Date: 10/10/2024
549 E Holland Drive, Bloomington, IN 47403
Price: $199,900
Sq.Ft: 960
Beds/Baths: 3/1
$/Sq.Ft:
$2081.9%
Sale Date: 9/12/2024
5900 Anne Court, Bloomington, IN 47403
Price: $78,000
Sq.Ft: 1,008
Beds/Baths: 3/N/A
$/Sq.Ft:
$7762.1%
Sale Date: 8/28/2024
5923 Catherine St., Bloomington, IN 47403
Price: $79,900
Sq.Ft: 1,008
Beds/Baths: 3/N/A
$/Sq.Ft:
$7961.2%
Sale Date: 7/30/2024
4011 Crane Court Lot 106, Bloomington, IN 47426
Price: $43,500
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 1/10/2025
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