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.

Hoosier Acres Neighborhood Update

Last month, someone got one of the best deals ever in Hoosier Acres. 710 Pleasant Ridge sold for $170,000. This limestone home has 3 bedrooms and one full bath with just over 1800 square feet of living space. That's a deal for Hoosier Acres!

The current active listings include 814 Meadowbrook which is a for-sale-by-owner. Pictured to the right (photo from public records taken in 2001) this home is a 4 bedroom, 2 1/2 bath home on a great corner lot. Active listings in MLS are as follows:

• 3641 Homestead Dr priced at $1,250,000 featuring 6+ acres and over 6000 square feet
• 716 Fieldcrest Ave priced at $525,000 with just over 3000 square feet on just under an acre
• 3855 Brighton Ave priced at 324,900 with almost 3100 square feet on a 3/4 acre lot and located on the corner of Smith Rd
• 8822 Brownridge Rd priced at $299,900 for a bi-level with just under 2500 square feet and located on the corner of Smith Rd

Just pending is the listing at 3738 Cameron Ave which is on over an acre with a beautiful pond and a home with over 4000 square feet. The list price is $499,900.

Neighborhood Update - Elm Heights

Elm Heights, the beautiful neighborhood on the south side of the Indiana University campus, is as popular as ever. Currently there are 5 houses active on the market and 4 pending transactions. These pending transactions have happened recently with the surge of buyers coming to Bloomington with plans for the fall semester at IU.

The house in the photo above is a handsome limestone home on Maxwell Lane. It was on the market in 2008 with renters in the house. It is now vacant and looks great. The home features 3 bedrooms, 2 1/2 baths and over 1600 square feet (plus 841 additional finished square feet in the basement) The limestone fireplace mantel is a 'must see'. This home is priced at $285,000. If you plan on seeing this house, make sure that you see the unique home across the street that is also priced at $285,000.