NOT LISTED FOR SALE

1517 Virginia St La Fayette, IN 47905

Central Neighborhood

Estimated Value: $229,000 - $257,000

4 Beds
4 Baths
2,880 Sq Ft
$85/Sq Ft Est. Value

Last Sold April 08, 2016

Last sale price $120,000 $42 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $1,580/month

35 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • Level Lot
  • Luxury Vinyl Tile Flooring

About This Home

As of April 2016

Great investment property. Well maintained, close to downtown. Lot dimensions include both parcels.

Last Agent to Sell the Property

Shannon O'Malley

F.C. Tucker/Shook Listed on: 01/28/2016

F.C. Tucker/Shook

Last Buyer's Agent

LAF NonMember

NonMember LAF

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,837

Year Built

  • Built in 1935

Lot Details

  • 1,350 Sq Ft Lot
  • Lot Dimensions are 100x138
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Block Basement Construction

Location

  • Suburban Location

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for building insurance, electric, heating, lawn maintenance, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 79-07-28-330-004.000-004

Community Details

Overview

  • 4 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,660
  • Fuel Expense $2,370
  • Insurance Expense $1,800
  • Maintenance Expense $3,821
  • Water Sewer Expense $1,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,837

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1935
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: T S COX ADDN LOT 60 |
  • Parcel Number ID: 79-07-28-330-004.000-004
  • Platted: Yes
  • Amenities: Basement
  • Cross Street: S 15th Street
  • Location: City/Town/Suburb
  • Special Features: None

Interior Features

  • Total Sq Ft: 4320
  • Total Finished Sq Ft: 2880
  • Above Grade Finished Sq Ft: 2880
  • Below Grade Sq Ft: 1440
  • Basement: Yes
  • Basement Foundation: Full Basement, Outside Entrance
  • Basement Material: Block
  • Flooring: Carpet, Vinyl Tile
  • Total Below Grade Sq Ft: 1440
  • Number Of Ranges Ovens: 4
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Parking: Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1660
  • Annual Fuel Expense: 2370
  • Annual Insurance Expense: 1800
  • Annual Maintenance Expense: 3821
  • Annual Water Sewer Expense: 1140
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Oakland Elementary

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 100x138
  • Estimated Lot Sq Ft: 1350
  • Estimated Lot Size Acres: 0.031

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Electric, Heating, Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water

Tax Info

  • Annual Property Tax: 1837

Multi Family

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

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2016
Closed on
Apr 8, 2016
Sold by
Dixon Jack E and Dixon Claudia
Bought by
Mcduffee Sean B
Seller's Agent
Shannon O'Malley
F.C. Tucker/Shook
Buyer's Agent
LAF NonMember
NonMember LAF
List Price
$132,000
Sold Price
$120,000
Premium/Discount to List
-$12,000
-9.09%
Current Estimated Value
$243,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,972
Avg. Annual Appreciation
7.70%
Original Mortgage
$90,000
Outstanding Balance
$71,358
Interest Rate
3.62%
Mortgage Type
Commercial
Estimated Equity
$172,614

Purchase Details

Closed on
Mar 20, 2012
Sold by
Weiner Esther R
Bought by
Weiner Esther R and First Merchants Trust Company
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
Mcduffee Sean B -- --
Mcduffee Sean B -- --
Weiner Esther R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcduffee Sean B $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2016 04/08/16 Sold $120,000 -9.1% $42 / Sq Ft
03/03/2016 03/03/16 Pending -- -- --
01/28/2016 01/28/16 For Sale $132,000 -- $46 / 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 $3,562 $178,100 $18,000 $160,100
2023 $2,348 $117,400 $18,000 $99,400
2022 $2,280 $114,000 $18,000 $96,000
2021 $2,236 $93,200 $18,000 $75,200
2020 $1,864 $93,200 $16,000 $77,200
2019 $1,792 $89,600 $16,000 $73,600
2018 $1,792 $89,600 $16,000 $73,600
2017 $1,744 $87,200 $16,000 $71,200
2016 $1,726 $86,310 $16,000 $70,310
2014 $1,640 $82,000 $16,000 $66,000
2013 $1,538 $76,900 $16,000 $60,900
Source: Public Records

Agents Affiliated with this Home

  • Shannon O'Malley

    Seller's Agent in 2016

    Shannon O'Malley

    F.C. Tucker/Shook

    (765) 479-0498

    13 Total Sales

    Shannon O'Malley
    Section Image

  • L

    Buyer's Agent in 2016

    LAF NonMember

    NonMember LAF

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Map

Source: Indiana Regional MLS

MLS Number: 201603255

Indiana Regional MLS

APN: 79-07-28-330-004.000-004

Indiana Tippecanoe County La Fayette 47905 Central

1517 Virginia St, La Fayette, IN

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.

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