NOT LISTED FOR SALE

1509 Cincinnati St Lafayette, IN 47904

Perrin Neighborhood

Estimated Value: $56,253 - $205,000

3 Beds
2 Baths
1,520 Sq Ft
$100/Sq Ft Est. Value

Last Sold January 30, 2018

Last sale price $35,000 $23 Per Sq Ft

Est. 334% increase in value since last sale

Current estimated payment $971/month

13 Days on Market

Highlights

  • Partially Wooded Lot
  • Shed
  • Level Lot
  • Traditional Architecture
  • Forced Air Heating System
  • 2-minute walk to Erie Street Sharing Garden

About This Home

As of January 2018

Great investment opportunity near downtown and just minutes from Purdue! Both units are currently rented with great cash flow!

Last Listed By

Janet English

Keller Williams Lafayette Listed on: 12/18/2017

Keller Williams Lafayette

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 5,576 Sq Ft Lot
  • Lot Dimensions are 40x140
  • Level Lot
  • Partially Wooded Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Asphalt Roof

Interior Spaces

  • 1,520 Sq Ft Home
  • 1.5-Story Property
  • Washer Hookup

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 2 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Utilities

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

Additional Features

  • Shed
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, electric
  • The owner pays for heating, trash collection, water
  • Assessor Parcel Number 79-07-21-330-007.000-004

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $300
  • Fuel Expense $1,560
  • Insurance Expense $650
  • Water Sewer Expense $540

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 118
  • Style: One and Half Story
  • Architectural Style: Traditional
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: PERRINS ADDN W 2\3 LOT 87
  • Parcel Number ID: 79-07-21-330-007.000-004
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Ready, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 70.71
  • Monthly Gross Income: 1025
  • Special Features: None

Interior Features

  • Total Sq Ft: 1520
  • Total Finished Sq Ft: 1520
  • Above Grade Finished Sq Ft: 1520
  • Basement Foundation: Crawl, Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 6

Exterior Features

  • Roof Material: Asphalt
  • Stories: 1.5
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 120

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 2

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: Vectren Energy
  • Annual Electric: 300
  • Annual Fuel Expense: 1560
  • Annual Insurance Expense: 650
  • Annual Water Sewer Expense: 540
  • Number Of W D Hookups: 2

Schools

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

Lot Info

  • Lot Description: Level, Partially Wooded
  • Lot Dimensions: 40x140
  • Estimated Lot Sq Ft: 5576
  • Estimated Lot Size Acres: 0.128

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Heating, Trash Collection, Water
  • Tenant Pays: Cable, Electric

Multi Family

  • Gross Monthly Rent: 1025
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1398

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2017
Closed on
Jan 30, 2018
Sold by
Trt Treece
Bought by
Lindenmayer Roy and Lindenmayer Lindsay
Seller's Agent
Janet English
Keller Williams Lafayette
Buyer's Agent
Amanda Oakley
Trueblood Real Estate
List Price
$49,500
Sold Price
$35,000
Premium/Discount to List
-$14,500
-29.29%
Total Days on Market
13
Current Estimated Value
$151,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,751
Avg. Annual Appreciation
12.41%

Purchase Details

Closed on
Oct 10, 2002
Sold by
Treece Carl L and Treece Margaret J
Bought by
Treece Carl L and Treece Margaret J

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
Lindenmayer Roy -- Columbia Title
Treece Carl L -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2018 01/30/18 Sold $35,000 -29.3% $23 / Sq Ft
12/31/2017 12/31/17 Pending -- -- --
12/18/2017 12/18/17 For Sale $49,500 -- $33 / 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 $1,555 $103,900 $16,000 $87,900
2023 $1,555 $77,600 $16,000 $61,600
2022 $1,492 $74,300 $16,000 $58,300
2021 $1,299 $64,600 $16,000 $48,600
2020 $999 $49,700 $16,000 $33,700
2019 $999 $49,700 $16,000 $33,700
2018 $989 $49,200 $16,000 $33,200
2017 $963 $47,900 $16,000 $31,900
2016 $951 $47,430 $16,000 $31,430
2014 $918 $45,700 $16,000 $29,700
2013 $868 $43,200 $16,000 $27,200
Source: Public Records

Agents Affiliated with this Home

  • Janet English

    Seller's Agent in 2018

    Janet English

    Keller Williams Lafayette

    (765) 426-8802

    114 Total Sales

    Janet English
    Section Image
  • Amanda Oakley

    Buyer's Agent in 2018

    Amanda Oakley

    Trueblood Real Estate

    (765) 426-7606

    1 in this area

    193 Total Sales

    Amanda Oakley
    Section Image
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Map

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Source: Indiana Regional MLS

MLS Number: 201755127

Indiana Regional MLS

APN: 79-07-21-330-007.000-004

Indiana Tippecanoe County Lafayette 47904 Perrin

1509 Cincinnati St, Lafayette, IN

Homes for Sale in Lafayette, IN

This home is located at 1509 Cincinnati St, Lafayette, IN 47904 since 18 December 2017 and is currently estimated at $151,751, approximately $99 per square foot. This property was built in 1900. 1509 Cincinnati 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.