NOT LISTED FOR SALE

1311 Richards St Lafayette, IN 47904

Perrin Neighborhood

Estimated Value: $200,000 - $253,320

4 Beds
2 Baths
2,345 Sq Ft
$98/Sq Ft Est. Value

Last Sold August 19, 2013

Last sale price $107,000 $46 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $1,452/month

23 Days on Market

Highlights

  • Partially Wooded Lot
  • Covered Patio or Porch
  • Ceiling height of 9 feet or more
  • Radiant Floor
  • Fenced Yard
  • 2-minute walk to Stockton Park

About This Home

As of August 2013

This home is located at 1311 Richards St, Lafayette, IN 47904 since 03 June 2013 and is currently estimated at $229,107, approximately $97 per square foot. This property was built in 1880. 1311 Richards St is a home located in Tippecanoe County with nearby schools including Murdock Elementary School, Sunnyside Intermediate School, and Lafayette Tecumseh Junior High School.

Last Agent to Sell the Property

Sarah Fruehling

RE/MAX Ability Plus Listed on: 06/03/2013

Last Buyer's Agent

Thomas Albregts

Keller Williams Lafayette

Keller Williams Lafayette

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,634

Year Built

  • Built in 1880

Lot Details

  • 6,316 Sq Ft Lot
  • Lot Dimensions are 48x132
  • Fenced Yard
  • Level Lot
  • Partially Wooded Lot
  • Historic Home

Home Design

  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Unfinished Basement
  • Walk-Out Basement

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch

Schools

  • Murdock Elementary School
  • Sunnyside/Tecumseh Middle School
  • Jefferson High School

Utilities

  • Central Air
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Perrins Subdivision

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, heating, lawn maintenance, sewer, trash collection, water

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,634

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1880
  • Age: 133
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: PERRINS BAL LOT 63 |
  • Amenities: Basement, Ceiling Fan, Fenced Yard, Off Street Parking, Ceiling-9+, Porch Covered
  • Sp Lp Percent: 89.92
  • Monthly Gross Income: 1323
  • Year Taxes Payable: 2013
  • Special Features: None

Interior Features

  • Total Sq Ft: 2645
  • Total Finished Sq Ft: 2345
  • Above Grade Finished Sq Ft: 2345
  • Below Grade Sq Ft: 300
  • Price Per Sq Ft: 45.63
  • Basement Foundation: Unfinished, Walk-Out Basement
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Laminate, Wood
  • Total Below Grade Sq Ft: 300
  • Number Of Disposals: 2
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Floor
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 2

Schools

  • School District: Tippecanoe School Corp.
  • Elementary School: Murdock
  • Middle School: Sunnyside/Tecumseh
  • High School: Jefferson
  • Elementary School: Murdock

Lot Info

  • Lot Description: Level, Partially Wooded, Historic Designation
  • Lot Dimensions: 48X132
  • Estimated Lot Sq Ft: 6316
  • Estimated Lot Size Acres: 0.145

Rental Info

  • Lease Term: 1 Year
  • Tenant Pays: Cable, Cooling, Electric, Heating, Lawn Maintenance, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 1325
  • Number Of Dishwashers: 2
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 1
  • Number Of 3 Bedrooms: 3
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2634

MLS Schools

  • High School: Jefferson
  • Middle School: Sunnyside/Tecumseh
  • School District: Tippecanoe School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2013
Closed on
Aug 15, 2013
Sold by
Bussert Jessica Diane and Bussert Sharon
Bought by
Schafer Noah S
Seller's Agent
Sarah Fruehling
RE/MAX Ability Plus
Buyer's Agent
Thomas Albregts
Keller Williams Lafayette
List Price
$119,000
Sold Price
$107,000
Premium/Discount to List
-$12,000
-10.08%
Current Estimated Value
$229,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,107
Avg. Annual Appreciation
6.04%
Original Mortgage
$85,600
Outstanding Balance
$64,282
Interest Rate
4.33%
Mortgage Type
Commercial
Estimated Equity
$152,285

Purchase Details

Closed on
Sep 13, 2002
Sold by
Len Wilson Real Estate Llc
Bought by
Bussert Joshua and Bussert Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,450
Interest Rate
6.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 30, 2002
Sold by
Memmer John A
Bought by
Len Wilson Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
7.18%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Schafer Noah S -- --
Bussert Joshua -- --
Len Wilson Real Estate Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schafer Noah S $85,600
Previous Owner Bussert Joshua $96,450
Previous Owner Len Wilson Real Estate Llc $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2013 08/19/13 Sold $107,000 -10.1% $46 / Sq Ft
06/26/2013 06/26/13 Pending -- -- --
06/03/2013 06/03/13 For Sale $119,000 -- $51 / 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 $2,446 $122,300 $16,000 $106,300
2023 $2,792 $139,600 $16,000 $123,600
2022 $2,672 $133,600 $16,000 $117,600
2021 $2,324 $116,200 $16,000 $100,200
2020 $2,324 $116,200 $16,000 $100,200
2019 $2,324 $116,200 $16,000 $100,200
2018 $2,300 $115,000 $16,000 $99,000
2017 $2,238 $111,900 $16,000 $95,900
2016 $2,170 $108,500 $16,000 $92,500
2014 $2,156 $107,800 $16,000 $91,800
2013 $2,082 $104,100 $16,000 $88,100
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Sarah Fruehling

    RE/MAX Ability Plus

  • T

    Buyer's Agent in 2013

    Thomas Albregts

    Keller Williams Lafayette

    3 in this area

    242 Total Sales

    Thomas Albregts
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Map

Source: Indiana Regional MLS

MLS Number: 201306098

Indiana Regional MLS

APN: 79-07-21-354-009.000-004

Indiana Tippecanoe County Lafayette 47904 Perrin

1311 Richards St, Lafayette, IN

This home is located at 1311 Richards St, Lafayette, IN 47904 since 03 June 2013 and is currently estimated at $229,107, approximately $97 per square foot. This property was built in 1880. 1311 Richards St is a home located in Tippecanoe County with nearby schools including Murdock Elementary School, Sunnyside Intermediate School, and Lafayette Tecumseh Junior 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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