NOT LISTED FOR SALE

Estimated Value: $234,000 - $287,000

5 Beds
3 Baths
2,688 Sq Ft
$95/Sq Ft Est. Value

Last Sold April 01, 2016

Last sale price $107,000 $40 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $1,496/month

6 Days on Market

Highlights

  • Traditional Architecture
  • Luxury Vinyl Tile Flooring
  • Baseboard Heating
  • Laundry in Utility Room
  • Forced Air Heating System
  • 2 Car Garage

About This Home

As of April 2016

Great investment property that has been well-maintained. Located in the heart of Lafayette across from Columbian Park!

Last Agent to Sell the Property

Shannon O'Malley

F.C. Tucker/Shook Listed on: 01/27/2016

F.C. Tucker/Shook

Last Buyer's Agent

Judy Roark

BerkshireHathaway HS IN Realty

BerkshireHathaway HS IN Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,966

Year Built

  • Built in 1906

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50x50
  • Level Lot

Home Design

  • Triplex
  • Traditional Architecture
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Laundry in Utility Room

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 2 Car Garage
  • On-Street Parking

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for building insurance, lawn maintenance, maintenance, sewer, snow removal, tax, water
  • Assessor Parcel Number 79-07-28-279-012.000-004

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,356
  • Maintenance Expense $2,680
  • Water Sewer Expense $1,616

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,966

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1906
  • Age: 110
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: BELT RT ASSN W 2/3 LOT 1 BLOCK 32
  • Parcel Number ID: 79-07-28-279-012.000-004
  • Platted: Yes
  • Amenities: Basement
  • Location: City/Town/Suburb
  • Road Access: City
  • Sp Lp Percent: 95.54
  • Zoning Description: Family dwelling
  • Monthly Gross Income: 1975
  • Special Features: None

Interior Features

  • Total Sq Ft: 5376
  • Total Finished Sq Ft: 2688
  • Above Grade Finished Sq Ft: 2688
  • Above Grade Unfinished Sq Ft: 1344
  • Below Grade Sq Ft: 1344
  • Price Per Sq Ft: 39.81
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl Tile
  • Main Level Sq Ft: 1344
  • Total Below Grade Sq Ft: 1344
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Parking: Street

Utilities

  • Heating Fuel: Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1356
  • Annual Maintenance Expense: 2680
  • Annual Water Sewer Expense: 1616
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

  • School District: Lafayette
  • Elementary School: Murdock
  • Middle School: Sunnyside/Tecumseh
  • High School: Jefferson

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50x50
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12
  • Zoning: R - 2 - Multiple-Family

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Water
  • Tenant Pays: Electric, Heating

Tax Info

  • Total Assessed Value: 101100
  • Annual Property Tax: 1966

Multi Family

  • Gross Monthly Rent: 1925
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2001
Sold by
Lafayette Neighborhood Housing Svcs Inc
Bought by
Mcclatchey David M and Mcclatchey Glenda S
Current Estimated Value
$255,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,400
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 2001
Sold by
Unity Medical Center Llc
Bought by
Lafayette Neighborhood Housing Svcs Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
7.18%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 4, 2001
Sold by
Lafayette Orthopedic Cliric Inc
Bought by
Unity Medical Center Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
7.18%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mcclatchey David M -- --
Lafayette Neighborhood Housing Svcs Inc -- --
Unity Medical Center Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcclatchey David M $150,000
Closed Mcclatchey David M $150,000
Closed Mcclatchey David M $182,400
Previous Owner Lafayette Neighborhood Housing Svcs Inc $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2016 04/01/16 Sold $107,000 -4.5% $40 / Sq Ft
02/02/2016 02/02/16 Pending -- -- --
01/27/2016 01/27/16 For Sale $112,000 -- $42 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,244 $125,500 $18,000 $107,500
2023 $3,079 $246,800 $18,000 $228,800
2022 $3,062 $237,300 $18,000 $219,300
2021 $2,776 $215,700 $18,000 $197,700
2020 $2,276 $182,600 $18,000 $164,600
2019 $2,568 $200,600 $15,000 $185,600
2018 $2,502 $196,200 $15,000 $181,200
2017 $2,306 $185,400 $15,000 $170,400
2016 $2,250 $183,578 $15,000 $168,578
2014 $2,095 $175,600 $15,000 $160,600
2013 $3,425 $171,000 $15,000 $156,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201603253

Indiana Regional MLS

APN: 79-07-28-230-001.000-004