NOT LISTED FOR SALE

Estimated Value: $153,000 - $173,000

4 Beds
2 Baths
1,950 Sq Ft
$83/Sq Ft Est. Value

Last Sold September 23, 2024

Last sale price $155,000 $79 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,075/month

1 Day on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating and Cooling System
  • Level Lot
  • Shed
  • Partially Fenced Property
  • 1-minute walk to Stockton Park

About This Home

As of September 2024

Discover a prime investment opportunity with this centrally located downtown duplex, perfectly poised for new investors. Each unit features 2 spacious bedrooms and 1 full bath. Both units are currently rented, providing immediate rental income and a seamless transition into property ownership. Situated in a vibrant downtown area, this duplex not only ensures steady cash flow but also benefits from the high demand for rental properties in this sought-after location. A perfect addition to any real estate portfolio!

Last Agent to Sell the Property

Sherry Cole

Keller Williams Lafayette Brokerage Phone: 765-426-9442 Listed on: 08/16/2024

Keller Williams Lafayette

Last Buyer's Agent

Kevin McCraw

Elite Property Mgmt and Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,020

Year Built

  • Built in 1901

Lot Details

  • 3,572 Sq Ft Lot
  • Lot Dimensions are 28x127
  • Partially Fenced Property
  • Chain Link Fence
  • Level Lot

Home Design

  • Duplex
  • Traditional Architecture

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Stone or Rock in Basement
  • Laminate Countertops
  • Washer Hookup

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Schools

  • Thomas Miller Elementary School
  • Sunnyside/Tecumseh Middle School
  • Jefferson High School

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Shed
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for maintenance, water
  • Assessor Parcel Number 79-07-21-351-003.000-004

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,035
  • Maintenance Expense $1,300
  • Water Sewer Expense $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,020

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1901
  • Age: 123
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: PT SW SEC 21 TWP 23 R4 W 28 X 126 FT.07 A
  • Parcel Number ID: 79-07-21-351-003.000-004
  • Platted: Yes
  • Amenities: Basement, Countertops-Laminate, Water Heater Gas, Washer Hook-Up
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 99.04
  • Monthly Gross Income: 1420
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 1950
  • Total Finished Sq Ft: 1950
  • Above Grade Finished Sq Ft: 1950
  • Price Per Sq Ft: 79.49
  • Basement Foundation: Partial Basement
  • Basement Material: Stone
  • Flooring: Carpet, Laminate
  • Main Level Sq Ft: 1092
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum
  • Fence: Partial, Chain Link
  • Stories: 2
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 80

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 2
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City, Public
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Annual Insurance Expense: 1035
  • Annual Maintenance Expense: 1300
  • Annual Water Sewer Expense: 1500
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Schools

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

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 28x127
  • Estimated Lot Sq Ft: 3572
  • Estimated Lot Size Acres: 0.082

Rental Info

  • Lease Term: 1 Year, Renewal Options
  • Owner Pays: Maintenance, Water
  • Tenant Pays: Electric, Fuel

Multi Family

  • Gross Monthly Rent: 710
  • Number Of Dishwashers: 2
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2019.5

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2024
Closed on
Sep 23, 2024
Sold by
Kesh Group Llc
Bought by
Agrawal Suyash
Seller's Agent
Sherry Cole
Keller Williams Lafayette
Buyer's Agent
Kevin McCraw
Elite Property Mgmt and Realty
List Price
$156,500
Sold Price
$155,000
Premium/Discount to List
-$1,500
-0.96%
Views
11
Current Estimated Value
$162,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,055
Avg. Annual Appreciation
4.43%
Original Mortgage
$116,250
Outstanding Balance
$108,112
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$53,824

Purchase Details

Closed on
Jun 8, 2017
Sold by
Midwest Paradise Properties Llc
Bought by
Kesh Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2014
Sold by
Griswold Caroline G
Bought by
Midwestparadise Properties Llc

Purchase Details

Closed on
Dec 19, 2014
Sold by
Hendricks Jackline Sue and Cross Trudy Lynn
Bought by
Griswold Caroline G
Source: Public Records

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
Agrawal Suyash -- Metropolitan Title
Kesh Group Llc -- --
Midwestparadise Properties Llc -- --
Griswold Caroline G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Agrawal Suyash $116,250
Previous Owner Kesh Group Llc $128,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2024 09/23/24 Sold $155,000 0.0% $79 / Sq Ft
09/23/2024 09/23/24 Sold $155,000 -1.0% $79 / Sq Ft
08/17/2024 08/17/24 Pending -- -- --
08/17/2024 08/17/24 Pending -- -- --
08/16/2024 08/16/24 For Sale $156,500 0.0% $80 / Sq Ft
08/16/2024 08/16/24 For Sale $156,500 -- $80 / 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 $2,624 $131,100 $9,800 $121,300
2023 $2,020 $100,900 $9,800 $91,100
2022 $1,922 $96,600 $9,800 $86,800
2021 $1,670 $84,000 $9,800 $74,200
2020 $1,670 $84,000 $9,800 $74,200
2019 $1,670 $84,000 $10,000 $74,000
2018 $1,667 $83,200 $10,000 $73,200
2017 $1,639 $81,800 $10,000 $71,800
2016 $1,595 $79,600 $10,000 $69,600
2014 $573 $84,800 $10,000 $74,800
2013 $553 $84,000 $10,000 $74,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202431238

Indiana Regional MLS

APN: 79-07-21-351-003.000-004