Three Houses on a 3.5 Acre parcel. Front houses on Handy Rd are both two bedroom houses and the third house to the back is a one bedroom. There are two detached garages on the property. One house could be an owner occupied home with the other two used as rental houses to pay the mortgage. OR all three could be rentals as an investment property near Lake Monroe. The neighborhood homes across and along Handy Rd are very well kept and full of owners who take good care of their properties. This is a Fixer Upper Opportunity with some excellent potential. The houses do need some TLC and are being sold AS-IS. The adjacent property behind at 5631 S Handy Rd, with a house on 7 Acres is also for sale by the same Seller (See MLS#201539989.) There is a driveway easement back to 5631 to the north of the red and stone house at 5621 from Handy, which is not currently being used as the drive. This property is just 8 miles from downtown Bloomington, 4 miles to Kroger South, and only 4 miles to Moores Creek Launching Ramp on Lake Monroe.
Sold for $75,000
$75,000
5601 S Handy Rd, Bloomington, IN 47401
5beds
2,480sqft
SingleFamily
Built in 1980
3.5 Acres Lot
$333,600 Zestimate®
$30/sqft
$2,775 Estimated rent
Home value
$333,600
$254,000 - $417,000
$2,775/mo
Zestimate® history
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Other
Cooling
- Central
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 2,480 sqft
Property
Parking
- Parking features: Off-street, Garage
Lot
- Size: 3.5 Acres
Details
- Parcel number: 530826300030000008
Construction
Type & style
- Home type: SingleFamily
Materials
- Stone
- Roof: Asphalt
Condition
- Year built: 1980
Community & HOA
Location
- Region: Bloomington
Financial & listing details
- Price per square foot: $30/sqft
- Tax assessed value: $200,000
- Annual tax amount: $3,643
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2025 | Sold | $75,000-50%$30/sqft |
Source: Public Record Report a problem | ||
| 12/1/2015 | Listing removed | $150,000$60/sqft |
Source: RE/MAX Realty Professionals #201540018 Report a problem | ||
| 8/21/2015 | Listed for sale | $150,000$60/sqft |
Source: RE/MAX Realty Professionals #201540018 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,643 -3.8% | $200,000 -21.3% |
| 2024 | $3,789 +16.8% | $254,000 +0.6% |
| 2023 | $3,244 +37.6% | $252,600 +12.8% |
| 2022 | $2,358 -15.9% | $223,900 +17.3% |
| 2021 | $2,803 +27% | $190,900 +5.1% |
| 2020 | $2,208 -53.2% | $181,600 +10.3% |
| 2019 | $4,722 +108% | $164,600 |
| 2018 | $2,271 -15.7% | $164,600 +0.7% |
| 2017 | $2,693 | $163,400 |
| 2016 | $2,693 +0.3% | $163,400 -18.7% |
| 2014 | $2,683 +0.8% | $201,100 +0.7% |
| 2013 | $2,663 +43.7% | $199,800 +38% |
| 2010 | $1,853 +15.5% | $144,800 |
| 2009 | $1,604 | $144,800 |
Find assessor info on the county website
Neighborhood: 47401
Nearby homes
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- $242,0003 bd1 ba912 sqft5631 S Handy Rd, Bloomington, IN 47401Off Market
Nearby schools
GreatSchools rating
- 8/10Lakeview Elementary SchoolGrades: PK-6Distance: 4.7 mi
- 9/10Jackson Creek Middle SchoolGrades: 7-8Distance: 2 mi
- 10/10Bloomington High School SouthGrades: 9-12Distance: 3.7 mi
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Estimated market value
$333,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$333,600
- Indiana
- Monroe County
- Bloomington
- 47401
- 5601 S Handy Rd