NOT LISTED FOR SALE

1031 N 20th St Unit 1031 and 1033 Lafayette, IN 47904

Elmwood Neighborhood

Estimated Value: $213,000 - $224,000

2 Beds
2 Baths
1,232 Sq Ft
$177/Sq Ft Est. Value

Last Sold August 10, 2022

Last sale price $200,000 $162 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,508/month

31 Days on Market

Highlights

  • Open Floorplan
  • Solid Surface Countertops
  • 1 Car Detached Garage
  • Backs to Open Ground
  • Covered patio or porch
  • Security System Leased

About This Home

As of August 2022

Welcome to 1031 and 1033 N 20th Street. This duplex is an investors dream. Each side features a 1 bedroom, and 1 bathroom configuration, with a spacious layout. Both kitchens, and bathrooms have solid surface countertops, all floors are solid surface vinyl plank. Each kitchen comes equipped with french door refrigerators, electric stoves, dishwashers, disposals, and microwaves. Both units have access to the basement, which has a wall to divide the space. Each unit has a separate HVAC system, and electrical systems. There is a detached 2 car garage that could be leased to one tenant or divided and leased separately. The back yard is spacious and shaded with a privacy fence that stretches across the rear of the property. Located with-in a short walk to Market Square, and downtown Lafayette.

Last Listed By

Spencer Childers

Keller Williams Lafayette Listed on: 06/28/2022

Keller Williams Lafayette

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,477

Year Built

  • Built in 1943

Lot Details

  • 9,425 Sq Ft Lot
  • Lot Dimensions are 65x140
  • Backs to Open Ground
  • Partially Fenced Property
  • Wood Fence
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Washer Hookup

Kitchen

  • Solid Surface Countertops
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Basement

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

Home Security

  • Security System Leased
  • Storm Doors
  • Fire and Smoke Detector

Parking

  • 1 Car Detached Garage
  • Gravel Driveway
  • Shared Driveway
  • Unpaved Parking
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient HVAC
  • Energy-Efficient Lighting
  • Energy-Efficient Doors
  • Energy-Efficient Thermostat

Schools

  • Vinton Elementary School
  • Sunnyside/Tecumseh Middle School
  • Jefferson High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Gas
  • Gas Water Heater
  • Water Softener is Owned

Additional Features

  • Covered patio or porch
  • Suburban Location

Listing and Financial Details

  • Homestead Exemption
  • Tenant pays for cable, electric, heating, lawn maintenance, water softener, deposit value
  • The owner pays for building insurance, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 79-07-21-259-018.000-004

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Rose Lawn / Roselawn Subdivision

Amenities

  • Community Storage Space

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,477

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1943
  • Age: 79
  • Style: One Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: ROSE LAWN ADDN LOT 8
  • Parcel Number ID: 79-07-21-259-018.000-004
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Off Street Parking, Storage, Alarm System-Security, Alarm System-Sec Rented, Countertops-Solid Surf, Detector-Smoke, Open Floor Plan, Porch Covered, Storm Doors, Water Heater Gas, Water Softener-Owned, Wiring-Security System, Washer Hook-Up, Custom Cabinetry
  • Cross Street: Erie St
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Paved
  • Sp Lp Percent: 97.56
  • Zoning Description: Two Family Dwelling Platted
  • Monthly Gross Income: 1700
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 2464
  • Total Finished Sq Ft: 1232
  • Above Grade Finished Sq Ft: 1232
  • Below Grade Sq Ft: 1232
  • Price Per Sq Ft: 162.34
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block
  • Flooring: Carpet, Laminate, Vinyl
  • Total Below Grade Sq Ft: 1232
  • Number Of Disposals: 2
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Fence: Partial, Wood
  • Stories: 1

Garage/Parking

  • Driveway: Gravel, Shared
  • Number Of Parking Spaces: 4
  • Parking: Garage, Gravel, Off Street, Private, Unpaved

Utilities

  • Cooling: Central Air, Heat Pump
  • Heating Fuel: Gas, Forced Air, Heat Pump
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Cable Company: Cinergy MetroNet, AT&T
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Common Amenities: Sidewalks

Schools

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

Lot Info

  • Lot Description: Level, Slope, 0-2.9999
  • Lot Dimensions: 65x140
  • Estimated Lot Sq Ft: 9425
  • Estimated Lot Size Acres: 0.209
  • Lot Number: 8

Green Features

  • Energy Efficient: Appliances, Doors, Electrical/Lighting, HVAC, Thermostat/Controllers
  • Energy Efficient Windows/Doors: Insulated Doors, Multi Pane Windows, Storm Doors

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Building Insurance, Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Electric, Heating, Lawn Maintenance, Water Softener, Deposit Value

Tax Info

  • Exemptions: Homestead
  • Annual Property Tax: 1477.38

Multi Family

  • Gross Monthly Rent: 1700
  • Number Of Dishwashers: 2
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Aug 10, 2022
Sold by
Brettnacher Edward L and Brettnacher Barbara J
Bought by
Core Rentals Llc
Seller's Agent
Spencer Childers
Keller Williams Lafayette
Buyer's Agent
Tabitha Casto
TruVant Realty
List Price
$205,000
Sold Price
$200,000
Premium/Discount to List
-$5,000
-2.44%
Total Days on Market
31
Current Estimated Value
$217,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,787
Avg. Annual Appreciation
3.72%
Original Mortgage
$160,000
Outstanding Balance
$148,395
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$72,603

Purchase Details

Closed on
Feb 28, 2022
Sold by
Adams Timothy L
Bought by
Brettnacher Edward L and Brettnacher Barbara J

Range of Values:

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Average Value
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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
Core Rentals Llc $200,000 None Listed On Document
Brettnacher Edward L $180,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Core Rentals Llc $160,000
Previous Owner Adams Timothy L $24,617
Previous Owner Adams Timothy L $61,500
Previous Owner Adams Timothy L $77,444
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2022 08/10/22 Sold $200,000 -2.4% $162 / Sq Ft
07/29/2022 07/29/22 Pending -- -- --
07/27/2022 07/27/22 For Sale $205,000 0.0% $166 / Sq Ft
07/08/2022 07/08/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $205,000 -- $166 / 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 $3,538 $115,100 $13,000 $102,100
2023 $3,538 $176,900 $13,000 $163,900
2022 $1,626 $128,400 $13,000 $115,400
2021 $1,442 $113,300 $13,000 $100,300
2020 $1,293 $102,700 $13,000 $89,700
2019 $589 $88,800 $12,000 $76,800
2018 $547 $85,900 $12,000 $73,900
2017 $488 $82,400 $12,000 $70,400
2016 $451 $80,700 $12,000 $68,700
2014 $419 $79,000 $15,900 $63,100
2013 $446 $81,400 $15,900 $65,500
Source: Public Records

Agents Affiliated with this Home

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Source: Indiana Regional MLS

MLS Number: 202226158

Indiana Regional MLS

APN: 79-07-21-259-018.000-004