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Off market
  • $153,800

    3575 E 1st St, Petroleum, IN 46778

    2beds
    1,975sqft
    SingleFamily
    Built in 1900
    0.34 Acres Lot
    $153,800 Zestimate®
    $78/sqft
    $1,162 Estimated rent

    Home value

    $153,800

    $126,000 - $181,000

    $1,162/mo

    Zestimate® history
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    What's special

    Offer accepted. Still showing for backup offers. 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.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    Heating
    • Wall, Gas, Propane / Butane
    Cooling
    • None
    Appliances
    • Included: Microwave
    • Laundry: Main, Washer Hookup, Main Level
    Features
    • Eat-in Kitchen, 1st Bdrm En Suite, Main Level Bedroom Suite
    • Basement: None
    Interior area
    • Structure area source: Public Records
    • Total interior livable area: 1,975 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Detached
    Features
    • Patio & porch: Deck, Patio Open
    • Exterior features: Vinyl
    • Fencing: Chain Link
    Lot
    • Size: 0.34 Acres
    • Features: Level, City/Town/Suburb
    Details
    • Parcel number: 901215501013000015

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Frame
    • Foundation: Crawl/Raised
    • Roof: Metal
    Condition
    • Year built: 1900

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well, Private Well

    Community & HOA

    Location
    • Region: Petroleum

    Financial & listing details

    • Price per square foot: $78/sqft
    • Tax assessed value: $114,900
    • Annual tax amount: $361

    Price history

    DateEventPrice
    4/10/2021Listing removed--
    Source: Coldwell Banker Real Estate Group Report a problem
    3/4/2021Pending sale$60,000$30/sqft
    Source: Coldwell Banker Real Estate Group #202106538 Report a problem
    3/4/2021Listed for sale$60,000$30/sqft
    Source: Coldwell Banker Real Estate Group #202106538 Report a problem
    1/17/2021Listing removed--
    Source: Coldwell Banker Real Estate Group Report a problem
    10/16/2020Price change$60,000-11.8%$30/sqft
    Source: Coldwell Banker Real Estate Group #202041846 Report a problem
    9/1/2020Price change$68,000-5.6%$34/sqft
    Source: Coldwell Banker Real Estate Group #202022323 Report a problem
    6/16/2020Price change$72,000-4%$36/sqft
    Source: Coldwell Banker Real Estate Group #202022323 Report a problem
    5/19/2020Price change$75,000-6.3%$38/sqft
    Source: Coldwell Banker Real Estate Group #202008707 Report a problem
    3/9/2020Listed for sale$80,000+14.4%$41/sqft
    Source: Coldwell Banker Real Estate Group #202008707 Report a problem
    11/3/2016Listing removed$69,900$35/sqft
    Source: Harvey & Associates Realty LLC #201619136 Report a problem
    5/3/2016Listed for sale$69,900$35/sqft
    Source: Harvey & Associates Realty LLC #201619136 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$361 +44.8%$114,900 +6.1%
    2024$250 -7%$108,300 +15.7%
    2023$268 +13%$93,600 -2.3%
    2022$238 +32.1%$95,800 +8.6%
    2021$180 -9.1%$88,200 +4.8%
    2020$198 +13%$84,200
    2019$175 +85.1%$84,200 +8.4%
    2018$95 +9.9%$77,700 +44.4%
    2017$86 +64.8%$53,800 +3.5%
    2016$52 -5%$52,000 +11.6%
    2014$55 -1%$46,600 -1.1%
    2013$56 -86.1%$47,100 +1.9%
    2012$400 +309.6%$46,200 -26%
    2011$98 -11.8%$62,400
    2010$111 +18.4%$62,400
    2009$93 -60.6%$62,400 +21.9%
    2006$237 $51,200
    2005-- $51,200
    Find assessor info on the county website

    Neighborhood: Petroleum

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Southern Wells
    • Middle: Southern Wells
    • High: Southern Wells
    • District: Southern Wells Community

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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