1502 S College Ave, Bloomington, IN 47403-3502

$287,800
3
BD
1
BA
1,449
SqFt

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Sold Price
$287,800
List Price
$292,000
Closing Date
Oct 23, 2025
MLS#
202530095
Property Type
Residential
Levels
One
Bedrooms
3
Bathrooms
1
Sqft. of Residence
1,449
Year Built
1936
Status
CLOSED

Property Description

**OPEN HOUSE: Sunday, September 21st, from 11:30 AM to 2:00 PM.** The seller is offering a **$8,500 concession! ** This charming 1,449-square-foot home features 3 bedrooms and 1 bathroom. The property has an updated kitchen and bath, a waterproofed basement (also 1,449 square feet), a new roof, and attic insulation improved to R-42. The fireplace has been converted to gas logs for your convenience Additional highlights include new, easy-to-care-for LVT flooring (with hardwood underneath), as well as a new furnace and air conditioning system installed in 2021. Both the interior and exterior were freshly painted in 2024. Zoned ME Mixed-use Employment Mixed Uses: Airbnb, Real Estate Office, Law Office, Restaurant, Rental Property. Don't miss out on this opportunity! This bright and airy home, designed in the Arts & Crafts style, offers flexible living options with the choice of two bedrooms plus an office or three bedrooms. It features a full bathroom equipped with a jetted tub. Recent major updates have been completed within the last 90 days, including waterproofing and painting the basement, which has added 1,400 square feet of usable space. The fireplace has been upgraded to gas-burning logs with a remote control. For energy efficiency, the attic has been re-insulated with blown-in cellulose to an R-42+ rating. Additional upgrades include a high-efficiency furnace (installed in 2022), a Samsung induction range with a convection oven, a new LG microwave and dishwasher, and a GE energy-efficient French door refrigerator. The roof was replaced last fall with dimensional shingles, and the interior and exterior of the house have been repainted. Smart devices have also been installed, allowing you to control lights, plugs, and the thermostat from your phone or through Alexa and Google. Hardwood floors under Luxury Vinyl Tile. The property is zoned ME (mixed-use employment), making it suitable for various businesses that benefit from foot traffic, such as a beauty salon, tattoo parlor, accountant's or attorney's office, rental property, or Airbnb setup. The owner is willing to sell the property along with the furnishings, as they are relocating abroad. Additionally, there is potential to convert the home into a duplex. Conveniently located, the property is just 2 miles from College Mall and approximately 5 miles from the West Side Shopping area, which includes Lowe's, Menards, and Walmart. The downtown entertainment district and Indiana University campus

Additional Information

Style
Craftsman
Basement
Full
Foundation
Poured Concrete
Acres
0.20
Cooling
Central Air
Water
City
Region
Monroe County
School District
Monroe County Community School Corp.

Listing courtesy of John Saunders from Saunders & Associates. saunders@saundersnassociates.com

Selling Office: RE/MAX Acclaimed Properties.

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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID.