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(SOLD) $660,000

5239 W US Hwy 40 Greenfield, IN  46140

  • 9,384 sq. Ft

Property Description for 5239 W US Hwy 40 Greenfield, IN 46140

Hancock County is the fastest growing county in Indiana. With a population growth rate of 3.7%. Housing demand is high while supply remains limited. Property values have appreciated 95% over the last 10 years. 9.5 acres of land along W Hwy 40 in Hancock County just west of Greenfield. Proposed multifamily development on 5 acres. According to delineated study completed on October 17th, 2023. One forested/ emergent wetland (totaling 3.545 acres) was identified within the Study Area during the investigation. Additionally, because the wetland system is a class-two wetland that is over 3/8-acre, the wetland system should be considered jurisdictional under the Indiana Department of Environmental Management (IDEM). The Study Area predominantly consists of forested land with strips of grass lawn along the northern and eastern boundaries and an apartment complex with an associated parking lot within the northernmost region of the Study Area. W U.S. Highway 40 occurs to the north of the Study Area and is followed by an agricultural field. East of the Study Area is a church and sports complex with an associated parking lot. The Study Area is bounded by a gravel driveway and riprap to the south which is followed by a strip of forested land and an agricultural field. Adjacent land use to the west is forested before turning to agricultural land and residential properties. Property consist of a 22 unit rental property with 17 units currently occupied on a month to month basis. Gross income is currently $11,300 monthly with an NOI of $7295. Public sewer is available on site, currently connected to 5 units. Municipal gas and electric. Property is currently not on public water system.9.5 acres of land along W Hwy 40 just west of Greenfield. Proposed multi family development on 5 acres. According to delineated study completed on October 17th, 2023. One forested/ emergent wetland (totaling 3.545 acres) was identified within the Study Area during the investigation. Additionally
QuickBuy option for home selling

Address:5239 W US Hwy 40 Greenfield IN 46140
Status:Sold
Sold On: 11/5/2024
Price:$895,000
Bathrooms:0
Sq. Feet:9,384
Year Built:1946
Lot Size:9.59
County: Hancock
Township: Sugar Creek
MLS #:22004247
Property Type:Multi-Family 5+

Lot Dimensions:417610
Road Frontage:Highway
Road Surface:Asphalt
Zoning:Commercial Neighborhood
Directions:GPS Friendly
Total Sq. Ft. :9,384

Loan Price
$5,019
Price And Interest $3,443/month
Property Tax $1,301/month
MTG INS $0/month
HOME INS $275/month
Price
$660,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$1,301/month
Home Owner Insurance
$3,300 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$7,806
Tax Year:2023
Other Disclosures:Short Sale, Other
Mandatory HOA Fee:$

Area: 3007 - Hancock - Sugar Creek
Zip Code:46140

High School:Greenfield-Central High School
Middle School:Greenfield Central Junior High Sch

Total Sq. Ft.:9,384
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Richard Graham with Fair Market Value Investment Sales from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 09/29/2024 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.





Greenfield Market Report

75
Avg. DOM
$165.36
Avg. $ / Sq.Ft.
$ 299,900
Med. List Price

The house prices in Greenfield are indeed dropping at the moment. There has been a decrease in price of $11,424.96. 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 Greenfield are going Down. The average house price is $299,983.50 and the average price per square feet is $169.05 per square feet. At the moment, the amount of homes listed is exactly 611 houses, with 110 with active status, 75 with pending status and 426 sold in Greenfield .

The most popular place to buy a home in Greenfield is 3005 - Hancock - Center. 3005 - Hancock - 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 Greenfield .

The average amount of property taxes you would have to pay for a home in Greenfield is $2,081.96. 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 Greenfield are staying listed for an average of 72 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 Greenfield was 3344 minutes ago.

At the moment we have 7 open houses that you can visit.

The cost of the most expensive home in Greenfield is $890,900.00. 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 Greenfield is $144,900.00 . 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 Greenfield in year 1861 and the newest built house is in year 2024.

The average size of properties in Greenfield is 2132.2 sq.ft. , the biggest one being 6497 sq.ft. and the smaller being 1020 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.