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(SOLD) $375,000

3009 Terrace Drive Kokomo, IN  46902

  • 3 Beds
  • 3 Baths
  • 2,902 sq. Ft

Property Description for 3009 Terrace Drive Kokomo, IN 46902

Welcome to 3009 Terrace Dr, where a charming ranch house meets a wooded paradise. Approximately 12 acres in total are included with this property, and it is adorned with (lumber producing) walnut trees. The home offers not just a residence, but a lifestyle. Boasting a legacy of quality craftsmanship with above-average materials, this cherished abode has seen only four owners, with the current ones having lovingly maintained it for over three decades. As they embark on a new chapter, they leave behind a picturesque setting, complete with sweeping park-like views and a large wrap-around driveway for convenience. Inside, a spacious kitchen awaits, featuring Zinn cabinets and all the essentials for culinary enthusiasts. A new Frigidaire Gallery wall oven (2023) offers versatile cooking options including air frying and convection baking. The living room invites cozy evenings by the wood fireplace, enhanced by a Fuego high-efficiency insert perfect for toasting marshmallows or simply unwinding. Recent updates include a 30-year architectural roof installed in 2015, a new Rheem furnace and AC in 2018, and a high-efficiency 12-year tank Richmond gas hot water heater added just last year. The partially finished basement with poured concrete walls provides ample space for entertainment and storage, ensuring this home is as practical as it is picturesque. The seller is also including additional items with the sale of the property- laundry bench, picnic table, shop bench with vise, large swing set with slide and play platform, 100’ zip line, and 1920s player piano with 160 rolls. Don't miss your chance to own this exceptional property where quality, comfort, and natural beauty converge.

Address:3009 Terrace Drive Kokomo IN 46902
Status:Sold
Sold On: 7/26/2024
Price:$374,900
Bedrooms:3 Beds
Bathrooms:2 Full Baths, 1 Half Baths
Sq. Feet:2,902
Year Built:1950
Lot Size:12.00
County: Howard County
Township: Center
MLS #:202422988
Property Type:Site-Built Home

Lot Dimensions:150x400
Lot Description:Heavily Wooded,10-14.999,Wooded
Directions:Traveling South on S Reed Rd, just past Lincoln, turn right onto Terrace Dr - the property is located almost immediately to the right.
Total Sq. Ft. :2,902
Garage:Attached
Basement:Yes

Loan Price
$2,274
Price And Interest $1,956/month
Property Tax $162/month
MTG INS $0/month
HOME INS $156/month
Price
$375,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$162/month
Home Owner Insurance
$1,872 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Master Bedroom 15 x 11 Main
2nd Bedroom 15 x 11 Main
3rd Bedroom 14 x 10 Main
Family Room 16 x 11 Info Not Available
Living Room 24 x 15 Info Not Available

Semi-Annual Property Tax:$972
Tax Year:2023 Pay 2024
Mandatory HOA Fee:$

City:Kokomo
Subdivision: Terrace Garden(s)
Zip Code:46902

High School:Kokomo
Middle School:Maple Crest
Elementary School:Elwood Haynes

Total Sq. Ft.:2,902
Appliances:Dishwasher, Refrigerator, Washer, Cooktop-Gas, Dryer-Electric, Oven-Convection, Play/Swing Set, Water Heater Gas
Exterior Features:Brick, Metal, Wood
Fuel:Gas, Forced Air
Fireplace(s):Fireplace Insert
Cool:Central Air
Heat:Gas, Forced Air
Total Rooms:8
Brad Tomlinson, REALTOR®/Broker, F. C. Tucker Company
Brad Tomlinson
Additional Phone (765) 452-8216
F.C. Tucker Company

Listing provided courtesy of Kristine Miller with Apple Tree Realty, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Kokomo Market Report

123
Avg. DOM
$122.06
Avg. $ / Sq.Ft.
$ 195,000
Med. List Price

The house prices in Kokomo are indeed dropping at the moment. There has been a decrease in price of $4,743.43. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Kokomo are going Down. The average house price is $195,000.00 and the average price per square feet is $118.93 per square feet. At the moment, the amount of homes listed is exactly 1742 houses, with 219 with active status, 66 with pending status and 1457 sold in Kokomo .

The most popular place to buy a home in Kokomo is 3408 - Howard - Center. 3408 - Howard - Center is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Kokomo .

The average amount of property taxes you would have to pay for a home in Kokomo is $1,740.93. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Kokomo are staying listed for an average of 48 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Kokomo was 437 minutes ago.

At the moment we have 3 open houses that you can visit.

The cost of the most expensive home in Kokomo is $1,499,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Kokomo is $49,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Kokomo in year 1811 and the newest built house is in year 2024.

The average size of properties in Kokomo is 1938.79 sq.ft. , the biggest one being 8485 sq.ft. and the smaller being 600 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.