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(SOLD) $280,000

7497 E Rush Ridge Road #10 Bloomington, IN  47401

  • 5.50 Acres

Property Description for 7497 E Rush Ridge Road #10 Bloomington, IN 47401

An exceedingly rare opportunity, and the PERFECT spot to build your dream lake home! 5.5 acres of privacy & tranquility adjoining Lake Monroe and offering direct access to the water, all within a 15 minute drive to Bloomington's east side! The gently sloping building site offers plenty of flexibility but would be ideal for a walk out basement, and your future home will enjoy stunning wooded views and a seasonal lake view. The property is bordered both to the east and west by federally owned property, ensuring your beautiful wooded views will remain undisturbed. Lovers of the outdoors will find this property to be an absolute haven! Enjoy a short, private walk down to the water and an easily-accessible section of the shoreline, and spend your free time kayaking on the serene (wake-free side!) of Lake Monroe. The western portion of the lot offers additional hiking opportunities including a beautiful creek bed to explore. Need more room to stretch your legs? The Sycamore Land Trust owned Amy Weingartner Branigin Peninsula Trail is just south of you on Rush Ridge Rd, within easy walking distance! Shawnee Bluffs Estates is one of Monroe County's premiere neighborhoods and is located conveniently to Bloomington's east side, IU Campus, and IU Health Hospital. Todd's Marina is directly accessible from within the neighborhood, and Paynetown SRA & Cutright SRA are additional nearby options for those interested in obtaining a boat slip to go along with your lake house build! The property is ready for your build - water, electric, and high speed fiber optic internet are all available at the road. Note that covenants include building restrictions and minimum ground-level square footage requirements: single story 3000 sq ft, 1.5 story 2400 sq ft, 2 story 1800 sq ft. Building site is on the west side of Rush Ridge, per deed restriction. Listing agent is owner.

Address:7497 E Rush Ridge Road Bloomington IN 47401
Status:Sold
Sold On: 11/22/2024
Price:$325,000
Bathrooms:0
Lot Size:5.50
County: Monroe County
Township: Salt Creek
School System : Monroe County Community
MLS #:202434514
Property Type:Residential Land

Lot Dimensions:irregular
Directions:446 south to Rush Ridge Rd. Stay on Rush Ridge to the back of the neighborhood, property is the last lot before you enter Land's End neighborhood.

Loan Price
$1,703
Price And Interest $1,461/month
Property Tax $125/month
MTG INS $0/month
HOME INS $117/month
Price
$280,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$125/month
Home Owner Insurance
$1,404 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$750
Tax Year:23/24
Mandatory HOA Fee:$

Subdivision: Shawnee Bluffs Estates
Zip Code:47401

High School:Bloomington North
Middle School:Tri-North
Elementary School:Rogers/Binford

Brian Thompson, REALTOR®/Broker, F. C. Tucker Company
Brian Thompson
Additional Phone (812) 336-7300
F.C. Tucker Company

Listing provided courtesy of Evan Buckmaster with Buckmaster Realty

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.





Bloomington Market Report

224
Avg. DOM
$206.08
Avg. $ / Sq.Ft.
$ 339,900
Med. List Price

The house prices in Bloomington are indeed dropping at the moment. There has been a decrease in price of $73,395.13. 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 Bloomington are going Down. The average house price is $345,250.00 and the average price per square feet is $206.56 per square feet. At the moment, the amount of homes listed is exactly 1526 houses, with 560 with active status, 26 with pending status and 940 sold in Bloomington .

The most popular place to buy a home in Bloomington is 5307 - Monroe - Perry. 5307 - Monroe - Perry 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 Bloomington .

The average amount of property taxes you would have to pay for a home in Bloomington is $3,442.72. 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 Bloomington are staying listed for an average of 67 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 Bloomington was 1099 minutes ago.

At the moment we have 1 open houses that you can visit.

The cost of the most expensive home in Bloomington is $3,999,999.00. 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 Bloomington is $1,100.00 . 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 Bloomington in year 1875 and the newest built house is in year 2024.

The average size of properties in Bloomington is 2142.17 sq.ft. , the biggest one being 11303 sq.ft. and the smaller being 504 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.