NOT LISTED FOR SALE

Estimated Value: $115,818 - $173,000

4 Beds
2 Baths
1,903 Sq Ft
$75/Sq Ft Est. Value

Last Sold June 28, 2018

Last sale price $75,000 $39 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $888/month

17 Days on Market

Highlights

  • Traditional Architecture
  • Ceiling Fan
  • Carpet
  • Forced Air Heating and Cooling System
  • Level Lot
  • 3-minute walk to Linnwood Park

About This Home

As of June 2018

Income property consisting of 2 units. Bottom unit has 3 bedrooms and 1 full bath, upper unit that is currently rented has 1 bedroom and 1 full bath. New room 2016-2017, new furnace and water heater 2017, new carpet 2018, new windows 2018. Owner pays water, sewer. Tenant pays gas and electricity.

Last Listed By

Penny Mattingly

Rainbow Realty Listed on: 05/01/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,480

Year Built

  • Built in 1920

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 51x160
  • Level Lot

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,903 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

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

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, electric, fuel
  • The owner pays for maintenance, sewer, tax, water
  • Assessor Parcel Number 79-07-21-130-012.000-004

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $800
  • Fuel Expense $800
  • Insurance Expense $601
  • Maintenance Expense $1,500
  • Water Sewer Expense $620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,480

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1920
  • Age: 98
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: PLAT OF LINNWOOD LOT 30 |
  • Parcel Number ID: 79-07-21-130-012.000-004
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Cable Available, Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Monthly Gross Income: 970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1903
  • Total Finished Sq Ft: 1903
  • Above Grade Finished Sq Ft: 1903
  • Price Per Sq Ft: 39.41
  • Basement Foundation: Full Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Stories: 2

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 800
  • Annual Fuel Expense: 800
  • Annual Insurance Expense: 601
  • Annual Maintenance Expense: 1500
  • Annual Water Sewer Expense: 620

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 51x160
  • Estimated Lot Sq Ft: 8276
  • Estimated Lot Size Acres: 0.19

Rental Info

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

Tax Info

  • Exemptions: Mortgage
  • Annual Property Tax: 1480

Multi Family

  • Gross Monthly Rent: 970
  • Number Of Dishwashers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2018
Closed on
Jun 28, 2018
Sold by
Johns Michael D and Johns Mary B
Bought by
Hahn Casey
Seller's Agent
Penny Mattingly
Rainbow Realty
Buyer's Agent
Chris Bradford
Bradford Real Estate
List Price
$75,000
Sold Price
$75,000
Total Days on Market
17
Current Estimated Value
$142,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,273
Avg. Annual Appreciation
9.62%
Original Mortgage
$73,641
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 31, 2001
Sold by
Myers Wayne L and Myers Juanita K
Bought by
Johns Michael D and Johns Mary B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.51%
Mortgage Type
Commercial

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
Hahn Casey -- Columbia Title
Johns Michael D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hahn Casey $72,423
Closed Hahn Casey $73,641
Previous Owner Johns Michael D $36,200
Previous Owner Johns Michael D $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2018 06/28/18 Sold $75,000 0.0% $39 / Sq Ft
05/18/2018 05/18/18 Pending -- -- --
05/01/2018 05/01/18 For Sale $75,000 -- $39 / 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 $1,143 $133,400 $16,300 $117,100
2023 $1,143 $94,000 $16,300 $77,700
2022 $1,114 $94,000 $16,300 $77,700
2021 $1,087 $92,200 $16,300 $75,900
2020 $889 $76,800 $16,300 $60,500
2019 $886 $76,800 $12,000 $64,800
2018 $955 $76,800 $12,000 $64,800
2017 $1,494 $74,700 $12,000 $62,700
2016 $1,480 $73,950 $12,000 $61,950
2014 $1,404 $70,200 $12,000 $58,200
2013 $1,324 $66,200 $12,000 $54,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201817437

Indiana Regional MLS

APN: 79-07-21-130-012.000-004