NOT LISTED FOR SALE

1413 Columbia St Lafayette, IN 47901

Estimated Value: $200,000 - $209,000

4 Beds
2 Baths
2,702 Sq Ft
$75/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $185,000 $68 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,311/month

5 Days on Market

Highlights

  • The property is located in a historic district
  • Covered patio or porch
  • Kitchen Island
  • Wood Flooring
  • Built-in Bookshelves
  • Ceiling height of 9 feet or more

About This Home

As of March 2022

Great 2-Unit Investment property. Cute two-bedroom units with historic charm. Great location near downtown with adjacent bus stop! Off street parking in back off alley. Live in one unit and rent the other!

Last Listed By

Cathy Russell

@properties Listed on: 02/17/2022

@properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,374

Year Built

  • Built in 1901

Lot Details

  • 6,316 Sq Ft Lot
  • Lot Dimensions are 50x120
  • Sloped Lot

Home Design

  • Brick Exterior Construction
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property
  • Built-in Bookshelves
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Basement
  • Stone or Rock in Basement
  • Washer Hookup

Kitchen

  • Kitchen Island
  • Laminate Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Covered patio or porch

Location

  • Suburban Location
  • The property is located in a historic district

Schools

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

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for cable, electric, fuel, heating, sewer, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 79-07-21-386-007.000-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,374

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1901
  • Age: 121
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: LOT 10 BALL & WILLIAMS ADDN |
  • Parcel Number ID: 79-07-21-386-007.000-004
  • Platted: Yes
  • Amenities: Ceiling Fan, Fireplace, Off Street Parking, Built-In Bookcase, Cable Available, Ceiling-9+, Countertops-Laminate, Deck Open, Kitchen Island, Patio Covered, Washer Hook-Up
  • Inside City Limits: Yes
  • Location: City/Town/Suburb, Historic District
  • Sp Lp Percent: 100
  • Monthly Gross Income: 1615
  • Year Taxes Payable: 2021
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 4053
  • Total Finished Sq Ft: 2702
  • Above Grade Finished Sq Ft: 2702
  • Below Grade Sq Ft: 1351
  • Price Per Sq Ft: 68.47
  • Basement: Yes
  • Basement Material: Stone
  • Flooring: Wood, Vinyl
  • Total Below Grade Sq Ft: 1351
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick, Stone
  • Stories: 2

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Fees: 2001

Schools

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

Lot Info

  • Lot Description: Slope
  • Lot Dimensions: 50X120
  • Estimated Lot Sq Ft: 6316
  • Estimated Lot Size Acres: 0.145

Rental Info

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

Tax Info

  • Total Assessed Value: 115300
  • Annual Property Tax: 2374

Multi Family

  • Gross Monthly Rent: 1615
  • Number Of Dishwashers: 2
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2022
Closed on
Mar 31, 2022
Sold by
Burce Robert G
Bought by
Incognito Investments Llc
Seller's Agent
Cathy Russell
@properties
Buyer's Agent
Cathy Russell
@properties
List Price
$185,000
Sold Price
$185,000
Total Days on Market
5
Current Estimated Value
$203,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,819
Avg. Annual Appreciation
4.18%
Original Mortgage
$138,750
Outstanding Balance
$104,781
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$105,407

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
Incognito Investments Llc $185,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Incognito Investments Llc $138,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $185,000 0.0% $68 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $185,000 -- $68 / 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 $2,762 $138,800 $16,000 $122,800
2023 $2,762 $138,000 $16,000 $122,000
2022 $2,645 $132,100 $16,000 $116,100
2021 $2,301 $114,900 $16,000 $98,900
2020 $2,001 $99,900 $16,000 $83,900
2019 $2,002 $99,900 $16,000 $83,900
2018 $1,982 $98,900 $16,000 $82,900
2017 $1,930 $96,300 $16,000 $80,300
2016 $1,909 $95,320 $16,000 $79,320
2014 $1,811 $90,400 $16,000 $74,400
2013 $1,683 $84,000 $16,000 $68,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202205077

Indiana Regional MLS

APN: 79-07-21-386-007.000-004