NOT LISTED FOR SALE

125 W Lutz Ave West Lafayette, IN 47906

Estimated Value: $381,000

8 Beds
3 Baths
2,816 Sq Ft
$135/Sq Ft Est. Value

Last Sold April 02, 2018

Last sale price $475,000 $169 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $2,915/month

Highlights

  • Corner Lot
  • Covered Patio or Porch
  • Carpet
  • West Lafayette Intermediate School Rated A+

About This Home

As of April 2018

This home is located at 125 W Lutz Ave, West Lafayette, IN 47906 since 18 January 2018 and is currently estimated at $381,000, approximately $135 per square foot. This property was built in 1935. 125 W Lutz Ave is a home located in Tippecanoe County with nearby schools including West Lafayette Intermediate School, West Lafayette Elementary School, and West Lafayette Junior/Senior High School.

Last Agent to Sell the Property

Cathy Russell

@properties Listed on: 01/18/2018

@properties

Last Buyer's Agent

Cathy Russell

@properties Listed on: 01/18/2018

@properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,932

Year Built

  • Built in 1935

Lot Details

  • 5,950 Sq Ft Lot
  • Lot Dimensions are 50x119
  • Corner Lot
  • Level Lot

Home Design

  • Triplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Laminate Countertops
  • Partially Finished Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Schools

  • Happy Hollow/Cumberland Elementary School
  • Tri-Central Middle School
  • West Lafayette High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, fuel, heating, lawn maintenance, snow removal, trash collection, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 79-07-19-232-020.000-026

Community Details

Overview

  • 3 Units

Pet Policy

  • Pet Restriction

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,932

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1935
  • Age: 83
  • Style: Two Story
  • Bedrooms: 8
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: 50 X 119 FT PT E 1\2 NE COR MAIN & LUTZ AVE SEC 19 TWP 23 R4 |
  • Parcel Number ID: 79-07-19-232-020.000-026
  • Platted: Yes
  • Amenities: Cable Available, Countertops-Laminate, Porch Covered
  • Cross Street: N Chauncey Ave
  • Location: City/Town/Suburb
  • Section Number: 19
  • Sp Lp Percent: 100
  • State Id: 164023000680
  • Monthly Gross Income: 4200
  • Year Taxes Payable: 2017
  • Special Features: None

Interior Features

  • Total Sq Ft: 3864
  • Total Finished Sq Ft: 2816
  • Above Grade Finished Sq Ft: 2816
  • Below Grade Sq Ft: 1048
  • Price Per Sq Ft: 168.68
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 1048
  • Number Of Microwaves: 3
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Utilities

  • Cooling: Window
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 3

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: West Lafayette Community School Corp.
  • Elementary School: Happy Hollow/Cumberland
  • Middle School: Tri-Central
  • High School: West Lafayette
  • Elementary School: Happy Hollow/Cumberland

Lot Info

  • Lot Description: Corner, Level, 0-2.9999
  • Lot Dimensions: 50x119
  • Estimated Lot Sq Ft: 5950
  • Estimated Lot Size Acres: 0.137

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Cable, Cooling, Electric, Fuel, Heating, Lawn Maintenance, Snow Removal, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 4200
  • Number Of Dishwashers: 3
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 2
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 4931.98

MLS Schools

  • High School: West Lafayette
  • Middle School: Tri-Central
  • School District: West Lafayette Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2022
Sold by
Superior Concepts Industrial Llc
Bought by
Bc Preferred Llc
Current Estimated Value
$381,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$918,000
Outstanding Balance
$783,528
Interest Rate
4.85%
Mortgage Type
New Conventional
Estimated Equity
-$402,528

Purchase Details

Closed on
May 18, 2021
Sold by
Campbell Shane
Bought by
Superior Concepts Industrial Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 26, 2018
Sold by
Superior Concepts Industrial
Bought by
Campbell Shane A

Purchase Details

Listed on
Jan 18, 2018
Closed on
Apr 2, 2018
Sold by
Rda Capital Llc
Bought by
Superior Concepts Industrial
Seller's Agent
Cathy Russell
@properties
Buyer's Agent
Cathy Russell
@properties
List Price
$475,000
Sold Price
$475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.89%

Purchase Details

Closed on
Sep 28, 2016
Sold by
Glr Fund Llc
Bought by
Rda Capital Llc

Purchase Details

Closed on
Jul 20, 2016
Sold by
Klemme Neil
Bought by
Glr Fund Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.56%
Mortgage Type
Commercial
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
Bc Preferred Llc -- --
Superior Concepts Industrial Llc -- None Available
Campbell Shane A -- None Available
Superior Concepts Industrial -- --
Rda Capital Llc -- --
Glr Fund Llc -- --
Klemme Neil -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bc Preferred Llc $918,000
Previous Owner Superior Concepts Industrial Llc $630,000
Previous Owner Glr Fund Llc $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2018 04/02/18 Sold $475,000 0.0% $169 / Sq Ft
01/18/2018 01/18/18 Pending -- -- --
01/18/2018 01/18/18 For Sale $475,000 -- $169 / 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 $10,645 $323,300 $61,000 $262,300
2023 $5,965 $251,700 $61,000 $190,700
2022 $5,709 $240,900 $61,000 $179,900
2021 $5,442 $229,600 $61,000 $168,600
2020 $5,442 $229,600 $61,000 $168,600
2019 $5,442 $229,600 $61,000 $168,600
2018 $5,257 $221,800 $48,000 $173,800
2017 $5,117 $215,900 $48,000 $167,900
2016 $4,932 $208,120 $48,000 $160,120
2014 $4,802 $202,600 $48,000 $154,600
2013 $4,761 $200,900 $48,000 $152,900
Source: Public Records

Agents Affiliated with this Home

  • Cathy Russell

    Seller's Agent in 2018

    Cathy Russell

    @properties

    (765) 426-7000

    119 in this area

    684 Total Sales

    Cathy Russell
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Map

Source: Indiana Regional MLS

MLS Number: 201802018

Indiana Regional MLS

APN: 79-07-19-232-020.000-026

Indiana Tippecanoe County West Lafayette 47906

125 W Lutz Ave, West Lafayette, IN

This home is located at 125 W Lutz Ave, West Lafayette, IN 47906 since 18 January 2018 and is currently estimated at $381,000, approximately $135 per square foot. This property was built in 1935. 125 W Lutz Ave is a home located in Tippecanoe County with nearby schools including West Lafayette Intermediate School, West Lafayette Elementary School, and West Lafayette Junior/Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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