NOT LISTED FOR SALE

1513 Alabama St Lafayette, IN 47905

Valley Center Neighborhood

Estimated Value: $178,000 - $258,000

5 Beds
5 Baths
1,866 Sq Ft
$117/Sq Ft Est. Value

Last Sold April 14, 2017

Last sale price $47,500 $25 Per Sq Ft

Est. 359% increase in value since last sale

Current estimated payment $1,393/month

3 Days on Market

Highlights

  • Traditional Architecture
  • Central Air
  • Wood Siding
  • Brick Flooring
  • Level Lot

About This Home

As of April 2017

Inspections welcome, but property sold as is. Fantastic investment opportunity! Building includes 2 spacious units that, with a little TLC, will provide great cash flow. First floor unit is occupied, while upstairs is vacant. This property is priced to sell!

Last Agent to Sell the Property

Grant Thompson

Raeco Realty Listed on: 03/06/2017

Last Buyer's Agent

LAF NonMember

NonMember LAF

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,899

Year Built

  • Built in 1920

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 132x50
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Block Basement Construction
  • Laminate Countertops

Flooring

  • Brick
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Location

  • Suburban Location

Schools

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

Utilities

  • Central Air
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, fuel, water
  • Assessor Parcel Number 79-07-28-129-003.000-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,899

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1920
  • Age: 97
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: OAKLAND ADDN LOT 48 |
  • Parcel Number ID: 79-07-28-129-003.000-004
  • Platted: Yes
  • Amenities: Basement, Countertops-Laminate, Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 97.94
  • Monthly Gross Income: 519
  • Year Taxes Payable: 2016
  • Special Features: None

Interior Features

  • Total Sq Ft: 2706
  • Total Finished Sq Ft: 1866
  • Above Grade Finished Sq Ft: 1866
  • Below Grade Sq Ft: 840
  • Price Per Sq Ft: 25.46
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Brick, Carpet, Unfinished
  • Main Level Sq Ft: 954
  • Total Below Grade Sq Ft: 840

Exterior Features

  • Exterior: Wood
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Parking: Street

Utilities

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

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 132x50
  • Estimated Lot Sq Ft: 6970
  • Estimated Lot Size Acres: 0.16

Rental Info

  • Lease Term: Month to Month
  • Tenant Pays: Electric, Fuel, Water

Multi Family

  • Gross Monthly Rent: 519
  • Number Of Units: 2
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 1

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2017
Closed on
Apr 14, 2017
Sold by
Prosper Group Llc
Bought by
Cooperfield Llc
Seller's Agent
Grant Thompson
Raeco Realty
Buyer's Agent
LAF NonMember
NonMember LAF
List Price
$48,500
Sold Price
$47,500
Premium/Discount to List
-$1,000
-2.06%
Current Estimated Value
$218,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,500
Avg. Annual Appreciation
10.76%
Original Mortgage
$55,472
Outstanding Balance
$47,002
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
$65,605

Purchase Details

Closed on
Feb 9, 2017
Sold by
Kb Asset Management Llc
Bought by
Prosper Property Group Llc

Purchase Details

Closed on
Jun 23, 2004
Sold by
Lafayette Bank & Trust Co Na
Bought by
Aim Management Inc

Purchase Details

Closed on
Mar 24, 2004
Sold by
Reiss Timothy M
Bought by
Lafayette Bank & Trust Co Na
Source: Public Records

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
Cooperfield Llc -- --
Prosper Property Group Llc -- --
Aim Management Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cooperfield Llc $55,472
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2017 04/14/17 Sold $47,500 -2.1% $25 / Sq Ft
03/09/2017 03/09/17 Pending -- -- --
03/06/2017 03/06/17 For Sale $48,500 -- $26 / 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 $2,899 $189,100 $18,000 $171,100
2023 $1,991 $99,500 $18,000 $81,500
2022 $1,915 $95,700 $18,000 $77,700
2021 $1,741 $87,000 $18,000 $69,000
2020 $1,742 $87,000 $18,000 $69,000
2019 $1,742 $87,000 $15,000 $72,000
2018 $1,692 $84,500 $15,000 $69,500
2017 $1,646 $82,200 $15,000 $67,200
2016 $1,618 $80,770 $15,000 $65,770
2014 $1,531 $76,500 $15,000 $61,500
2013 $1,109 $55,400 $15,000 $40,400
Source: Public Records

Agents Affiliated with this Home

  • Grant Thompson

    Seller's Agent in 2017

    Grant Thompson

    Raeco Realty

    (765) 412-2325

    79 Total Sales

    Grant Thompson
    Section Image

  • L

    Buyer's Agent in 2017

    LAF NonMember

    NonMember LAF

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Map

Source: Indiana Regional MLS

MLS Number: 201708818

Indiana Regional MLS

APN: 79-07-28-129-003.000-004

Indiana Tippecanoe County Lafayette 47905 Valley Center

1513 Alabama St, Lafayette, IN

This home is located at 1513 Alabama St, Lafayette, IN 47905 since 06 March 2017 and is currently estimated at $218,000, approximately $116 per square foot. This property was built in 1920. 1513 Alabama St is a home located in Tippecanoe County with nearby schools including Thomas Miller 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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