16195 State Rd 331, Bourbon, IN 46504 Property Records

Marshall County property record for 16195 State Rd 331, Bourbon, IN 46504 · Last verified March 2026

Property Highlights

Property TypeResidential > Single Family > Rural Home
Bedrooms5 Beds
Bathrooms4 Baths
Year BuiltBuilt 2007
Square Footage3,244 sqft Living Area
Lot Size217,800 sqft (5 acres)
GarageAttached, 967 sqft
OccupancyOwner Occupied
Tax Bill$3,168.00 (2024)

Property Details

APN / Parcel Number

Primary APN50-23-12-000-006.002-012
Alternative APNs
  • 01943602129
  • 0072080200

Interior

Bedrooms5 Beds
Full Baths4 Baths
Plumbing Fixtures17 Plumbing Fixtures
Total Rooms8 Rooms
Building Area3,244 sqft Living Area
Basement Area3,244 sqft Basement
Family RoomFamily Room
Stories1 Stories
FireplaceFireplace
Fireplaces1 Fireplaces

Exterior

Year BuiltBuilt 2007
Construction TypeMasonry/Concrete Masonry Units (CMUs) Construction
Roof MaterialAsphalt Roof
Lot Area217,800 sqft (5 acres)
Parking Spaces3 Parking Spaces
Garage TypeAttached Garage
Garage Area967 sqft Garage
Pool TypeAbove-Ground Pool Pool Type

Utilities and HVAC

Cooling SystemCentral Cooling
Heating SystemSolar Heating

Location & Zoning

Account Number01943602129
Street Address16195 STATE ROAD 331
CityBOURBON
StateIN
Zip46504-9555
Property UsageResidential Property Usage
TypeResidential > Single Family > Rural Home
Legal DescriptionACREAGE: 5 PRT NE1/4 NE1/4 SEC 12 COM AT NE COR SD NE1/4 SEC 12 TH S0W 1325.08' TO SE COR NE NE TO POB TH N89-59-42W 726' TH
JurisdictionMARSHALL IN
Minor Civil DivisionTIPPECANOE
Census Blockgroup4
Census Block4020
Census Tract20800

Owner

Source: Marshall County records · APN 50-23-12-000-006.002-012

Assessment roll updated July 1, 2025 · Last verified March 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordIndividual Name on File
Co-ownerVerified Secondary Owner
Mailing Address16195 STATE ROAD 331, BOURBON, IN 46504-9555
OccupancyOwner Occupied
Owner TypeOwner is an Individual, Couple or Unincorporated Entity

Deeds, Mortgages & Sale History

DateDocument
Aug 28, 2018Deed of Trust, Mortgage · Commercial Mortgage
LAKE CITY BANK
Sep 15, 2020Deed of Trust, Mortgage · Conventional Mortgage
1ST SOURCE BANK

Assessor's Deed Record

Deed Names2 Verified Names on Deed
Known Transactions
  • Mar 17, 2014
Deed Doc Number201401056
Record RefreshedJun 08, 2026

August 2018: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionMARSHALL IN
Property Address16195 STATE ROAD 331, BOURBON, IN 46504-9555
Transaction TypeMortgage
Record UpdatedAug 08, 2022

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0201803952
DateAug 28, 2018
Instrument201803952
Lender
NameLAKE CITY BANK
TypeBank
AddressWARSAW, IN 46580
Agreement
TypeCommercial Mortgage
AmountAmount Recorded
Term300 Months
DueAug 23, 2043
Interest
Rate TypeAdjustable Rate
Change FrequencyMonthly (Revolving credit lines are monthly unless stated otherwise).

September 2020: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionMARSHALL IN
Property Address16195 STATE ROAD 331, BOURBON, IN 46504-9555
Transaction TypeMortgage
Record UpdatedAug 08, 2022

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0202005503
DateSep 15, 2020
Instrument202005503
Lender
Name1ST SOURCE BANK
TypeBank
AddressSOUTH BEND, IN 46601
Agreement
TypeConventional Mortgage
AmountAmount Recorded
Term181 Months
DueOct 01, 2035

Tax Assessment & Valuation

Source: Marshall County records · Assessment roll updated July 1, 2025 · Last verified March 2026

Property Jurisdictions

TypeName
StateIndiana
CountyMarshall County
County SubdivisionTippecanoe Township
Unified School DistrictTriton School Corporation (KG - 12)

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

YearTax BillAssessed ValueAssessed Market Value
2025$589,500 (+26.88%) Land $42,000 Building $547,500$589,500 (+26.88%) Land $42,000 Building $547,500
2024$3,168.00 (+13.63%)
2023$2,788.00 (-1.76%)$464,600 (+12.82%) Land $40,500 Building $424,100$464,600 (+12.82%) Land $40,500 Building $424,100
2022$2,838.00$411,800 Land $34,900 Building $376,900$411,800 Land $34,900 Building $376,900

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