NOT LISTED FOR SALE

1109 State St Lafayette, IN 47905

Estimated Value: $166,000 - $202,000

-- Bed
2 Baths
-- Sq Ft
5,663 Sq Ft Lot

Last Sold August 28, 2015

Last sale price $88,000

Est. 113% increase in value since last sale

Current estimated payment $1,190/month

83 Days on Market

About This Home

As of August 2015

Great location with quick commute to Purdue and downtown Lafayette! 2-unit investment property! Fully rented! 2 bedrooms and 1 bath in each unit. Updates in the past few years include: upgraded kitchen cabinets, bathroom vanities and sinks have been replaced, new flooring throughout, interior paint, exterior trim paint and new washer & dryer in each unit! Unit B has a carport & a storage area.

Last Listed By

Erin Romanski

Keller Williams Indy Metro NE Listed on: 04/23/2015

Keller Williams Indy Metro NE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,656

Year Built

  • Built in 1979

Lot Details

  • 5,663 Sq Ft Lot

Home Design

  • Duplex
  • Aluminum Siding

Interior Spaces

  • 1-Story Property
  • Washer and Dryer Hookup

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, insurance, sewer, water
  • The owner pays for insurance, lawncare, taxes
  • Tax Lot 45
  • Assessor Parcel Number 790728159003000004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,656

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2015
  • Year Built: 1979
  • Lot Size Acres: 0.13
  • Structure Type: Duplex
  • Subdivision Name: No Subdivision
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: erin@romanskigroup.com
  • Special Features: None

Interior Features

  • Levels: One
  • Owner Pays: Insurance, Lawncare, Other, Taxes
  • SqFt Total: 0

Exterior Features

  • Construction Materials: Aluminum Siding
  • Disclosures: Not Applicable
  • List Price: 92500

Garage/Parking

  • Unit Parking: Other

Utilities

  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Laundry Features: Connections All
  • Solid Waste: No

Fee Information

  • Expenses: 0

Lot Info

  • Lot Features: Sidewalks
  • Additional Parcels: No
  • Lot Size Sq Ft: 0.13
  • Parcel Number: 790728159003000004
  • Acres: <1/4 Acre

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Insurance, Sewer, Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1656
  • Tax Lot: 45
  • Semi Annual Property Tax Amt: 828
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2015
Closed on
Aug 28, 2015
Sold by
Neal Kevin W and Neal Susan C
Bought by
York Mary F
Seller's Agent
Erin Romanski
Keller Williams Indy Metro NE
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$92,500
Sold Price
$88,000
Premium/Discount to List
-$4,500
-4.86%
Total Days on Market
83
Current Estimated Value
$187,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,502
Avg. Annual Appreciation
8.08%
Original Mortgage
$74,800
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 10, 2012
Closed on
Feb 22, 2013
Sold by
Gunstra Mark D
Bought by
Neal Kevin W and Neal Susan C
Seller's Agent
Erin Romanski
Keller Williams Indy Metro NE
Buyer's Agent
Erin Romanski
Keller Williams Indy Metro NE
List Price
$99,900
Sold Price
$75,000
Premium/Discount to List
-$24,900
-24.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.58%
Original Mortgage
$56,250
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2008
Sold by
Gunstra Bruce A
Bought by
Gunstra Mark D

Purchase Details

Closed on
Mar 30, 2004
Sold by
Bruce Gunstra Builders Inc
Bought by
Gunstra Bruce A

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
York Mary F -- --
Neal Kevin W -- --
Gunstra Mark D -- None Available
Gunstra Bruce A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open York Mary F $90,000
Closed York Mary F $74,800
Previous Owner Neal Kevin W $56,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2015 08/28/15 Sold $88,000 -4.9% --
07/16/2015 07/16/15 Pending -- -- --
04/23/2015 04/23/15 For Sale $92,500 +23.3% --
02/22/2013 02/22/13 Sold $75,000 -24.9% $47 / Sq Ft
01/16/2013 01/16/13 Pending -- -- --
10/10/2012 10/10/12 For Sale $99,900 -- $63 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $1,804 $148,800 $22,500 $126,300
2023 $1,804 $90,200 $22,500 $67,700
2022 $1,752 $87,600 $22,500 $65,100
2021 $1,121 $85,900 $22,500 $63,400
2020 $1,112 $85,900 $22,500 $63,400
2019 $1,108 $85,900 $10,000 $75,900
2018 $1,039 $85,900 $10,000 $75,900
2017 $1,037 $85,900 $10,000 $75,900
2016 $1,020 $85,075 $10,000 $75,075
2014 $1,656 $82,800 $10,000 $72,800
2013 $1,530 $76,500 $10,000 $66,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21348679

MIBOR Broker Listing Cooperative®

APN: 79-07-28-159-003.000-004