Great potential for possible business use or multi-family housing. This lot is currently zoned RM-15, the neighboring parcel to the north was recently rezoned to General Business. Two parcels here, 4040 S Old SR 37 and 211 W Gordon Pike. This lot has high visibility, it's directly across from Southside Kroger's south entrance. This lot includes an easement to access the drive to the westused by the dental office and leather manufacturer to enter/exit onto Gordon Pike. Sewer available.
Property Details
Property Features
Listing Office:
Office Name: Quality Realty & Development
Office Phone: (812) 360-6880
Listing Agent: Jill Smith
Lot Features
Lot Information:
Lot Size: 2.56 Acres
Other
Directions Information:
Directions: Just south of intersection of Walnut Street and Gordon Pike/Rhorer Road. Across street from Kroger South.
Price Information
Listing Price Info
Price Summary:
List Price: $799,900
Tax Information:
Annual Amount: $2,257
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Bloomington, IN.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,060
Per Month
Principal & Interest
$3,993
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,465
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Clear Creek Elementary School
300 W Clear Creek Dr
Distance between this listing and this school0.63 miles
Public District Grades PK-6
8
/10
Childs Elementary School
2211 S High St
Distance between this listing and this school1.83 miles
Public District Grades PK-6
4
/10
Summit Elementary School
1450 W Countryside Ln
Distance between this listing and this school1.95 miles
Public District Grades PK-6
Nearby Schools
5
/10
Batchelor Middle School
900 W Gordon Pike
Distance between this listing and this school0.69 miles
Public District Grades 7-8
7
/10
Jackson Creek Middle School
3980 S Sare Rd
Distance between this listing and this school1.16 miles
Public District Grades 7-8
7
/10
The Bloomington Project School
349 S Walnut St
Distance between this listing and this school2.97 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
Bloomington Graduation School
705 W Coolidge Dr
Distance between this listing and this school1.53 miles
Public District Grades 9-12
7
/10
Bloomington High School South
1965 S Walnut St
Distance between this listing and this school1.59 miles
Public District Grades 9-12
5
/10
The Academy of Science & Entrepreneurship
444 S Patterson Dr
Distance between this listing and this school3.15 miles
The neighbors living near this home have an average income of $40,855. The most common annual income of people living in Bloomington, IN is between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Living In Bloomington, IN
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
Types of housing in Bloomington, IN.
The housing landscape in Bloomington is diverse, with single-family homes being a significant component, complemented by a selection of apartments and townhouses. The architectural styles vary, with a mix of modern, traditional, and craftsman influences. A substantial portion of the housing stock was developed in the latter part of the 20th century, reflecting a period of growth and expansion.
What is it like to live in Bloomington, IN?
Bloomington is celebrated for its vibrant cultural scene and the presence of Indiana University, which infuses the city with a youthful energy. The community prides itself on a blend of academic, artistic, and musical events throughout the year, contributing to the city's dynamic and inclusive atmosphere.
Is it easy to get around Bloomington, IN without a car?
Residents of Bloomington benefit from a robust educational system, including a number of public and private schools that cater to various educational needs. The city is home to multiple healthcare facilities offering a range of services from primary care to specialized treatments. Retail and dining options are plentiful, showcasing local flavors and contributing to the city's charm. Efforts are continuously made to adapt services to the evolving needs of the population.
Transportation in Bloomington, IN.
Bloomington's transport infrastructure supports both private and public transit options, with a network of roads and highways facilitating travel in and around the city. Public transportation is available, with schedules designed to accommodate commuters and students. The city is also attentive to walkability and bikeability, particularly in areas with higher pedestrian traffic. Ride-sharing services are operational, providing additional mobility solutions for residents and visitors.
Frequently Asked Questions About 4040 S Old State Road 37
What is the listing price of this property?
The listing price of 4040 S Old State Road 37 property is $799,900.
What type of property is this?
The property 4040 S Old State Road 37 is land located in Bloomington, Indiana, 47401.
Is this property for sale now?
Active Listing: 4040 S Old State Road 37 is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $2,257 (source: MLS/based on county public records data).
Interested in 4040 S Old State Road 37? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 4040 S Old State Road 37 in Bloomington, IN and zip code 47401. It has been listed on Rocket Homes since November 16, 2022 and is currently priced at $799,900.
While more than 13 listings in Bloomington, IN in October 2024 were sold above asking price, there were more than 21 listings sold at asking price, and more than 62 were sold below. The number of homes for sale in Bloomington, IN increased by 3.1% between September 2024 and October 2024. While the average time on the market in October 2024 was 30 days, the median list price was $294,750.
From Rocket Homes Real Estate and based on county public records data.