509 N Thayer St, Bourbon, IN 46504 Property Records

Marshall County property record for 509 N Thayer St, Bourbon, IN 46504

Property Summary

Property Type	Single Family Home
Details	3 bd · 2 ba · 2,410 sqft · built 1875
Lot Size	0.249 acres (10,836 sqft)
Owner	2 Individual Names on Record
Last Sale	$150,000 (Aug 2014)
Tax Bill	$1,763 (2024)
Deeds & Mortgages	Aug 2020 Mortgage Sep 2019 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`50-34-19-101-312.000-002`

Property Details

APN / Parcel Number

Primary APN	`50-34-19-101-312.000-002`
Alternative APNs	`00781748375` `0130069800`

Interior

Bedrooms	3 Beds
Full Baths	2 Baths
Plumbing Fixtures	8 Plumbing Fixtures
Total Rooms	12 Rooms
Stories	2 Stories
Building Area	2,410 sqft Living Area
Gross Area	3,274 sqft
1st Floor Area	2,410 sqft

Exterior

Year Built	Built 1875
Effective Year Built	Effective 1985
Construction Type	Frame
Foundation Type	Raised
Roof Material	Asphalt
Lot Area	10,836 sqft (0.249 acres)
Lot Dimensions	126 ft deep x 86 ft wide
View / Lot	Alley
Garage Type	Attached
Garage Area	864 sqft
Parking Spaces	3 Parking Spaces
Shed	1 Shed
Shed Area	120 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central
Heating Fuel	Gas
Sewer	Municipal
Water Source	Commercial

Location & Zoning

Street Address	509 N THAYER ST
City	BOURBON
State	IN
Zip	46504-1544
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	ACREAGE: AUDITOR DESC: THAYERS 2ND ADD LOT 68 LEGAL DESC: LOT 68 THAYERS SECO ND ADD
Legal Subdivision	THAYERS 2ND ADD
Legal Lot Number	68
Jurisdiction	MARSHALL IN
Township / Civil Division	BOURBON
Census Block Group	1
Census Block	1022
Census Tract	20702

Owner

Source: Marshall County records, as of August 25, 2026

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

Owner of Record	2 Individual Names on Record
Mailing Address	509 N THAYER ST, BOURBON, IN 46504-1544
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Aug 17, 2020	Deed of Trust, Mortgage · Conventional Mortgage MORTGAGE ASSURANCE INC
Sep 3, 2019	Deed of Trust, Mortgage · Commercial Mortgage LAKE CITY BANK

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Aug 26, 2014 · Amount on Record
Deed Sale	Aug 26, 2014 · Amount on Record
Prior Sale	Apr 30, 2008 · Amount on Record
Deed Document Number	20143788
Prior Transfer Date	Mar 26, 2008
Prior Transfer Doc	200801734
Record Updated	Oct 29, 2026

August 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARSHALL IN
Property Address	509 N THAYER ST, BOURBON, IN 46504-1544
Transaction Type	Mortgage
Record Updated	Feb 5, 2021
Title Company	METROPOLITAN TITLE OF INDIAN

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	202004734
Date	Aug 17, 2020
Instrument	202004734

Lender

Name	MORTGAGE ASSURANCE INC
Type	Mortgage Company
Address	ATLANTA, GA 30338

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	240 Months
Due	Aug 1, 2040

September 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARSHALL IN
Property Address	509 N THAYER ST, BOURBON, IN 46504-1544
Transaction Type	Mortgage
Record Updated	Sep 19, 2019

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	201904314
Date	Sep 3, 2019
Instrument	201904314

Lender

Name	LAKE CITY BANK
Type	Bank
Address	WARSAW, IN 46581

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	299 Months
Due	Aug 27, 2044

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: Marshall County assessment roll, as of March 11, 2026

Property Jurisdictions

Type	Name
State	Indiana
Municipality	Bourbon Town
County	Marshall County
County Subdivision	Bourbon Township
Unified School District	Triton School Corporation (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$191,200 (+12.6%) Land $18,300 Building $172,900	$191,200 (+12.6%) Land $18,300 Building $172,900
2024	$1,763.00 (+3.83%)
2023	$1,698.00 (+4.56%)	$169,800 (+3.98%) Land $20,300 Building $149,500	$169,800 (+3.98%) Land $20,300 Building $149,500
2022	$1,624.00 Homeowner's exemption	$163,300 Land $19,500 Building $143,800	$163,300 Land $19,500 Building $143,800

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

Flood

Source: FEMA National Flood Hazard Layer, effective September 10, 2014

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	BOURBON WATER DEPARTMENT serves 1,767 people · EPA ID IN5250002
Water Source	Groundwater
Last State Inspection	Aug 2023
Lead	Under 1 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 133 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Surf Internet Fiber	1,000 / 1,000
Mediacom Xtream Cable	1,000 / 50
Verizon Fixed Wireless	300 / 20
Mercury Fiber Fixed Wireless	150 / 20
Fourway Fixed Wireless	100 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: RTC Communications.

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