Tuesday, September 8, 2009

Hoosier Acres Neighborhood Update



There has been quite a bit of real estate activity in the Hoosier Acres neighborhood recently. The latest sale was 3738 Cameron Avenue which sold for $490,000. This home, which has a lovely pond, was listed for $499,000.
Current pending transactions are limited to one property. 3641 Homestead is now under contract with a list price of $1,195,000. This remodeled home is on over six acres which makes it a unique offering in Bloomington.
What is currently on the market? These are the three homes available as of this posting:
  • 716 Fieldcrest Avenue listed at $525,000 (pictured above)
  • 3855 Brighton Avenue listed at $324,900
  • 3822 Brownridge Road listed at $299,900

The beauty of Hoosier Acres is not just its 'close in' location and large lots, but the variety of architecture and the vast range in property values. In the last few years there have been homes that sold for $110,000 in 1999 up to $650,000 in 2005. In the past year there have been several homes that have sold in the mid $300,000's. Now the most recent sale was for $490,0o0 and the most recent pending transaction listed for over $1,000,000. It sounds like there is a new round of property appreciation in the works in Hoosier Acres.