1506 Summit Dr West Lafayette, IN 47906
4
Beds
2.5
Baths
2,547
Sq Ft
0.34
Acres
Highlights
- Primary Bedroom Suite
- Living Room with Fireplace
- Wood Flooring
- West Lafayette Intermediate School Rated A+
- Traditional Architecture
- Solid Surface Countertops
About This Home
As of December 2023Location! Location! Location! This two story, mid-century home, is perfectly positioned to Purdue University. This West Lafayette School District property sits on a large lot, with plenty of space for outdoor activities. Though it needs some work, the potential of this home is undeniable, as it can become an amazing residence! Upon entering, you are greeted with a spacious living area with hardwood floors and a fireplace. The main floor also includes family and dining rooms, kitchen, den with fireplace, ½ bath, and an attached Mother-in-Law suite with kitchenette and full bath. The 2nd floor features 3 bdrms with hardwood floors, walk-in closets, and a full bath. Subject to short sale with 3rd party approval. This home offers easy access to campus, making it convenient for students, faculty or staff. The surrounding area is filled with amenities including golf, parks, trails, and Purdue sports. Overall, this home has enormous potential and character in a desirable neighborhood. With renovations, this property can be transformed into a true gem. Don’t miss this exciting opportunity. Sold AS IS and the seller will make no repairs.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,661
Year Built
- Built in 1953
Lot Details
- 0.34 Acre Lot
- Lot Dimensions are 96x152
- Property is Fully Fenced
- Privacy Fence
- Wood Fence
- Chain Link Fence
- Level Lot
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Driveway
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Brick Foundation
- Poured Concrete
- Shingle Roof
- Asphalt Roof
- Wood Siding
- Masonry Siding
- Masonry
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Built-in Bookshelves
- Woodwork
- Ceiling Fan
- Gas Log Fireplace
- Electric Fireplace
- Living Room with Fireplace
- 2 Fireplaces
- Formal Dining Room
- Screened Porch
- Fire and Smoke Detector
- Washer and Electric Dryer Hookup
- Partially Finished Basement
Kitchen
- Kitchenette
- Eat-In Kitchen
- Electric Oven or Range
- Solid Surface Countertops
- Disposal
Flooring
- Wood
- Parquet
- Laminate
- Concrete
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
- In-Law or Guest Suite
- Bathtub with Shower
Location
- Suburban Location
Schools
- Happy Hollow/Cumberland Elementary School
- West Lafayette Middle School
- West Lafayette High School
Utilities
- Central Air
- Window Unit Cooling System
- Baseboard Heating
Community Details
- Northwestern Heights Subdivision
Listing and Financial Details
- Assessor Parcel Number 79-07-18-176-008.000-026
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 29, 2023
Closed on
Dec 5, 2023
Sold by
Gilbert Bobby L
Bought by
Aguilar-Villegas Richard and Aguilar Juliana
Seller's Agent
Kerry Cremeans
F.C. Tucker/Shook
Buyer's Agent
Lauren Alexander
Keller Williams Lafayette
List Price
$399,000
Sold Price
$356,250
Premium/Discount to List
-$42,750
-10.71%
Views
349
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,752
Avg. Annual Appreciation
9.11%
Original Mortgage
$332,987
Outstanding Balance
$329,047
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$82,322
Similar Homes in West Lafayette, IN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $356,250 | None Listed On Document | |
| Quit Claim Deed | $356,250 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $332,987 | New Conventional | |
| Previous Owner | $352,500 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $134,500 | Fannie Mae Freddie Mac |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/15/2023 12/15/23 | Sold | $356,250 | -1.0% | $140 / Sq Ft |
| 09/29/2023 09/29/23 | Price Changed | $360,000 | -4.0% | $141 / Sq Ft |
| 09/18/2023 09/18/23 | Price Changed | $375,000 | -6.0% | $147 / Sq Ft |
| 09/01/2023 09/01/23 | For Sale | $399,000 | 0.0% | $157 / Sq Ft |
| 08/01/2023 08/01/23 | Pending | -- | -- | -- |
| 07/29/2023 07/29/23 | For Sale | $399,000 | -- | $157 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $4,661 | $387,600 | $84,800 | $302,800 |
| 2023 | $4,116 | $344,400 | $55,000 | $289,400 |
| 2022 | $3,661 | $302,700 | $55,000 | $247,700 |
| 2021 | $3,278 | $271,800 | $55,000 | $216,800 |
| 2020 | $3,018 | $250,800 | $55,000 | $195,800 |
| 2019 | $2,895 | $240,900 | $55,000 | $185,900 |
| 2018 | $2,674 | $223,100 | $46,000 | $177,100 |
| 2017 | $2,577 | $215,400 | $46,000 | $169,400 |
| 2016 | $2,474 | $207,200 | $43,600 | $163,600 |
| 2014 | $2,246 | $191,500 | $43,600 | $147,900 |
| 2013 | $2,227 | $189,900 | $43,700 | $146,200 |
Source: Public Records
Agents Affiliated with this Home
-
K
Seller's Agent in 2023
Kerry Cremeans
F.C. Tucker/Shook
(720) 445-0006
7 in this area
45 Total Sales
-
L
Buyer's Agent in 2023
Lauren Alexander
Keller Williams Lafayette
(765) 543-5947
66 in this area
286 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202326776
APN: 79-07-18-176-008.000-026
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