NOT LISTED FOR SALE

1302 S 4th St Unit 3 Lafayette, IN 47905

Miller Neighborhood

Estimated Value: $233,000 - $301,000

4 Beds
3 Baths
3,522 Sq Ft
$73/Sq Ft Est. Value

Last Sold June 22, 2018

Last sale price $121,000 $34 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $1,655/month

50 Days on Market

Highlights

  • Hot Water Heating System
  • Level Lot
  • Carpet

About This Home

As of June 2018

Good income property. All units rented. 2-1 bedroom 1 bath units. 1-2 bedroom 1 bath unit. See Rents and costs below. 3 car detached garage not rented to tenants would be additional income. 1302 pays their own gas and electric. 1304 & 1304 1/2 owner pays utilities. Exterior photos only due to tenant rights.

Last Listed By

Len Wilson

Weichert Realtors Len Wilson Listed on: 03/21/2018

Weichert Realtors Len Wilson

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,234

Year Built

  • Built in 1930

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x123
  • Level Lot

Home Design

  • Triplex
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Carpet
  • Laminate Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for electric, fuel, sewer, water
  • Assessor Parcel Number 79-07-29-458-007.000-004

Community Details

Overview

  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $1,320
  • Fuel Expense $732
  • Insurance Expense $564
  • Maintenance Expense $540
  • Water Sewer Expense $640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,234

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1930
  • Age: 88
  • Style: One and Half Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: BALL AND WILLIAMS ADDN LOT 6 |
  • Parcel Number ID: 79-07-29-458-007.000-004
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Cable Available, Cable Ready, Countertops-Laminate
  • Sp Lp Percent: 93.44
  • Monthly Gross Income: 1582
  • Special Features: None

Interior Features

  • Total Sq Ft: 4583
  • Total Finished Sq Ft: 3522
  • Above Grade Finished Sq Ft: 2461
  • Below Grade Finished Sq Ft: 1061
  • Below Grade Sq Ft: 1061
  • Price Per Sq Ft: 49.17
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet
  • Total Below Grade Sq Ft: 2122
  • Number Of Ranges Ovens: 3
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Hot Water
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1320
  • Annual Fuel Expense: 732
  • Annual Insurance Expense: 564
  • Annual Maintenance Expense: 540
  • Annual Water Sewer Expense: 640
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50x123
  • Estimated Lot Sq Ft: 6098
  • Estimated Lot Size Acres: 0.14

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Fuel, Sewer, Water
  • Tenant Pays: Cable

Tax Info

  • Total Assessed Value: 109800
  • Annual Property Tax: 2234

Multi Family

  • Gross Monthly Rent: 1582
  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2024
Sold by
Sca Rentals Llc
Bought by
Meyer Michael Christian and Meyer Nadia
Total Days on Market
50
Current Estimated Value
$256,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Outstanding Balance
$226,501
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$9,821

Purchase Details

Closed on
Jan 26, 2024
Sold by
Montgomery Shawn
Bought by
Sca Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 21, 2018
Closed on
Jun 21, 2018
Sold by
Raymer David B and Raymer Lynda J
Bought by
Nelson Jay M
Seller's Agent
Len Wilson
Weichert Realtors Len Wilson
Buyer's Agent
LAF NonMember
NonMember LAF
List Price
$129,500,000
Sold Price
$121,000
Premium/Discount to List
-$129,379,000
-99.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.19%
Original Mortgage
$90,750
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2005
Sold by
Raymer David M
Bought by
Raymer David B and Raymer Lynda J

Purchase Details

Closed on
Apr 5, 2002
Sold by
Raymer David B and Raymer Lynda J
Bought by
Raymer David M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,600
Interest Rate
6.87%
Mortgage Type
Seller Take Back

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
Meyer Michael Christian $240,000 Metropolitan Title
Sca Rentals Llc $195,000 None Listed On Document
Nelson Jay M -- None Available
Raymer David B -- --
Raymer David M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meyer Michael Christian $228,000
Previous Owner Sca Rentals Llc $146,250
Previous Owner Montgomery Shawn $107,550
Previous Owner Nelson Jay M $90,750
Previous Owner Raymer David B $57,350
Previous Owner Raymer David B $89,000
Previous Owner Raymer David M $127,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2018 06/22/18 Sold $121,000 -99.9% $34 / Sq Ft
05/10/2018 05/10/18 Pending -- -- --
03/21/2018 03/21/18 For Sale $129,500,000 -- $36,769 / 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 $2,796 $142,500 $15,000 $127,500
2023 $2,796 $137,900 $15,000 $122,900
2022 $2,620 $132,000 $15,000 $117,000
2021 $1,831 $124,500 $15,000 $109,500
2020 $1,760 $115,300 $15,000 $100,300
2019 $2,350 $115,300 $10,000 $105,300
2018 $2,282 $111,900 $10,000 $101,900
2017 $2,236 $109,800 $10,000 $99,800
2016 $2,272 $111,800 $10,000 $101,800
2014 $2,219 $109,100 $10,000 $99,100
2013 $2,161 $106,300 $10,000 $96,300
Source: Public Records

Agents Affiliated with this Home

  • Len Wilson

    Seller's Agent in 2018

    Len Wilson

    Weichert Realtors Len Wilson

    (765) 426-9823

    2 in this area

    42 Total Sales

    Len Wilson
    Section Image

  • L

    Buyer's Agent in 2018

    LAF NonMember

    NonMember LAF

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201810606

Indiana Regional MLS

APN: 79-07-29-458-007.000-004

Indiana Tippecanoe County Lafayette 47905 Miller

1302 S 4th St Unit 3, Lafayette, IN

Homes for Sale in Lafayette, IN

This home is located at 1302 S 4th St Unit 3, Lafayette, IN 47905 since 21 March 2018 and is currently estimated at $256,381, approximately $72 per square foot. This property was built in 1930. 1302 S 4th St Unit 3 is a home located in Tippecanoe County with nearby schools including Thomas Miller Elementary School, Lafayette Tecumseh Junior High School, and Sunnyside Intermediate 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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