NOT LISTED FOR SALE

Estimated Value: $272,000 - $343,000

4 Beds
4 Baths
3,120 Sq Ft
$95/Sq Ft Est. Value

Last Sold February 28, 2022

Last sale price $225,000 $72 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,809/month

2 Days on Market

Highlights

  • Corner Lot
  • Baseboard Heating
  • 1-minute walk to Linnwood Park
  • Laundry closet
  • Carpet

About This Home

As of February 2022

This two story fourplex is fully rented with longterm tenants. Each unit has one bedroom and one bath with stackable washer dryers in each unit. The tenants have access to a parking pad to the south of the building. There is storage for the owner on property via an onsite utility shed.

Last Agent to Sell the Property

Spencer Childers

Keller Williams Lafayette Listed on: 01/07/2022

Keller Williams Lafayette

Last Buyer's Agent

Spencer Childers

Keller Williams Lafayette Listed on: 01/07/2022

Keller Williams Lafayette

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,884

Year Built

  • Built in 1973

Lot Details

  • 6,447 Sq Ft Lot
  • Lot Dimensions are 50x129
  • Corner Lot
  • Level Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Laminate Countertops
  • Laundry closet

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Outbuilding
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, electric
  • The owner pays for building insurance, lawn maintenance, snow removal, tax, trash collection, water
  • Assessor Parcel Number 79-07-21-127-014.000-004

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $1,464

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,884

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1973
  • Style: Two Story
  • Architectural Style: Square
  • Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: SPENCER TO LINWOOD EX 5 FT W SIDE LOT 15
  • Parcel Number ID: 79-07-21-127-014.000-004
  • Platted: Yes
  • Amenities: Off Street Parking, Countertops-Laminate, Detector-Smoke, Water Heater Electric
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Paved
  • Special Features: None

Interior Features

  • Total Sq Ft: 3120
  • Total Finished Sq Ft: 3120
  • Above Grade Finished Sq Ft: 3120
  • Basement Foundation: Slab
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Laminate
  • Number Of Disposals: 4
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Brick
  • Roof Material: Asphalt
  • Stories: 2
  • Outbuilding: Outbuilding
  • Outbuilding Sq Ft: 120

Garage/Parking

  • Driveway: Asphalt
  • Number Of Parking Spaces: 4
  • Parking: Off Street, Paved

Utilities

  • Cooling: Window
  • Heating Fuel: Electricity, Baseboard
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Cable Company: Comcast
  • Annual Water Sewer Expense: 1464
  • Number Electric Meters: 4
  • Number Of W D Hookups: 4
  • Number Water Meters: 1

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 50x129
  • Estimated Lot Sq Ft: 6447
  • Estimated Lot Size Acres: 0.148
  • Lot Number: 15

Rental Info

  • Lease Term: Month to Month, Negotiable, Renewal Options
  • Owner Pays: Building Insurance, Lawn Maintenance, Snow Removal, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Electric

Tax Info

  • Annual Property Tax: 2884

Multi Family

  • Number Of Dryers: 4
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 4
  • Num Of1 Bedrooms: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2022
Closed on
Feb 28, 2022
Sold by
Rapid River Enterprises Llc
Bought by
Garrison Properties Llc
Seller's Agent
Spencer Childers
Keller Williams Lafayette
Buyer's Agent
Spencer Childers
Keller Williams Lafayette
List Price
$249,900
Sold Price
$225,000
Premium/Discount to List
-$24,900
-9.96%
Current Estimated Value
$296,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,000
Avg. Annual Appreciation
7.59%
Original Mortgage
$2,037,000
Outstanding Balance
$1,778,738
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
-$1,482,738

Purchase Details

Listed on
Jul 28, 2013
Closed on
Jan 2, 2014
Sold by
Ventured Gains Llc
Bought by
Rapid River Enterprises Llc
Seller's Agent
Brett Lueken
Century 21 The Lueken Group
Buyer's Agent
Brett Lueken
Century 21 The Lueken Group
List Price
$158,900
Sold Price
$148,000
Premium/Discount to List
-$10,900
-6.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.27%

Purchase Details

Closed on
Oct 2, 2013
Sold by
Breece Rolland W
Bought by
Ventured Gains Llc

Purchase Details

Closed on
Nov 30, 2010
Sold by
Wells Fargo Bank N A
Bought by
Breece Rolland W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,625
Interest Rate
4.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 14, 2010
Sold by
Hastings Laine M
Bought by
Wells Fargo Bank N A

Purchase Details

Closed on
Apr 21, 2004
Sold by
Gaeta Manuel
Bought by
Hastings Laine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.48%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Garrison Properties Llc -- None Listed On Document
Rapid River Enterprises Llc -- Metropolitan Title
Ventured Gains Llc -- Metropolitan Title
Breece Rolland W -- Reliable Land Title Agency L
Wells Fargo Bank N A $99,875 None Available
Hastings Laine M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garrison Properties Llc $2,037,000
Previous Owner Breece Rolland W $68,625
Previous Owner Hastings Laine M $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2022 02/28/22 Sold $225,000 -10.0% $72 / Sq Ft
01/09/2022 01/09/22 Pending -- -- --
01/07/2022 01/07/22 For Sale $249,900 +68.9% $80 / Sq Ft
01/03/2014 01/03/14 Sold $148,000 -6.9% $47 / Sq Ft View Prior Sale
12/09/2013 12/09/13 Pending -- -- --
07/28/2013 07/28/13 For Sale $158,900 -- $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 $2,942 $147,100 $30,500 $116,600
2023 $2,942 $147,100 $30,500 $116,600
2022 $2,942 $147,100 $30,500 $116,600
2021 $2,884 $144,200 $30,500 $113,700
2020 $2,884 $144,200 $30,500 $113,700
2019 $2,774 $138,700 $0 $138,700
2018 $2,706 $135,300 $0 $135,300
2017 $2,640 $132,000 $0 $132,000
2016 $2,626 $131,300 $30,600 $100,700
2014 $2,486 $124,300 $30,600 $93,700
2013 $2,440 $122,000 $30,600 $91,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202200605

Indiana Regional MLS

APN: 79-07-21-127-014.000-004