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(SOLD) $55,000

3575 1st Street Petroleum, IN 46778

  • 2 Beds
  • 2 Baths
  • 1,975 sq. Ft
Property Description
This home in Petroleum in Southern Wells County has 1,975 square feet, 2 bedrooms plus a loft, 2 full baths, a metal roof, new vinyl replacement windows installed in 2018, vinyl siding, a 28' by 28' 2-car garage with a workbench, a large fenced yard, and both a patio and a deck! You'll appreciate the room sizes of most of the rooms in the home. The master bedroom is on the main level and has its own bath. The other full bath, as well as the separate laundry room, are also on the first story. The kitchen has lots of cabinets. The microwave stays. The current owner mainly just lives on the main level, and has the vents currently closed up to the upstairs. There is no known duct work in the home. For a possible new owner, they might want to use the upper level too, which has another large bedroom as well as a loft. The home was previously marketed as a 3 bedroom home, as many with lofts are, but the home is taxed as a 2 bedroom. Many people do use these loft type rooms as a 3rd bedroom, but we don't want to exaggerate with the marketing of this home, pretending that it is something that it's not. The owner shared that the home was rewired when she purchased it. Wells County offers some of the lowest priced taxes in the region, with this home being no exception. 2019 taxes due this year are only $222.80. This home is priced to sell below the March 2019 assessed value of $84,200. The upstairs isn't as updated as the main level, which is reflected in the asking price of the home. New carpet and some drywall up there could make it look much better. The seller isn't certain that the home would pass for USDA, FHA, or VA financing. There might be some other programs available for people with relatively lower credit scores and/or who don't have any or enough down payment funds for many conventional loans. Ask your Realtor to inquire with the seller's Realtor with some ideas on this, if needed. The well is submersible, and is located behind the house. The septic system is somewhere outside the kitchen window. Tax records show that there is both a crawlspace as well as a slab, but the seller does not know of any crawl space entry. The propane tank is rented. This is a good value for the price: a nice sized home, a large garage, and a large fenced yard.
Address:3575 1st Street Petroleum IN 46778
Sold On: 4/7/2021
Bedrooms:2 Beds
Bathrooms:2 Full Baths
Sq. Feet:1,975
Year Built:1900
Lot Size:0.34
County: Wells County
Township: Nottingham
School System : Southern Wells Community
MLS #:202106538
Property Type:Site-Built Home

Lot Dimensions:100' by 150'
Lot Description:Level
Directions:Take State Road 1 south of Bluffton. In Petroleum, turn right (west) on 1st Street and follow to the home on your right.
Total Sq. Ft. :1,975
Loan Price
Price And Interest $287/month
Property Tax $37/month
MTG INS $0/month
HOME INS $23/month
Down Payment %
0 %
Down Payment
Property Taxes
Home Owner Insurance
$276 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
Tucker Customer Care
Tucker Mortgage
Office +317-472-9201
Courtesy of Tucker Mortgage
Master Bedroom 17 x 13 Main
2nd Bedroom 17 x 14 Upper
Kitchen 15 x 13 Main
Dining Room 15 x 9 Main
Living Room 17 x 15 Main
Den 12 x 8 Main
Annual Property Tax:$223
Tax Year:2020
Subdivision: Hoppes
Zip Code:46778
High School:Southern Wells
Middle School:Southern Wells
Elementary School:Southern Wells
Total Sq. Ft.:1,975
Exterior Features:Vinyl
Fuel:Gas, Wall Heater, Propane Tank Rented
Heat:Gas, Wall Heater, Propane Tank Rented
Total Rooms:7
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company, Inc.
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Fort Wayne REALTORS®

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Listing provided courtesy of Coldwell Banker Real Estate Group.

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