NOT LISTED FOR SALE

Estimated Value: $185,000 - $247,000

5 Beds
2 Baths
2,084 Sq Ft
$100/Sq Ft Est. Value

Last Sold January 16, 2024

Last sale price $188,500 $90 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,383/month

19 Days on Market

Highlights

  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Carpet
  • Laundry in Utility Room
  • Community Storage Space
  • 1-Story Property

About This Home

As of January 2024

Back on market. Out of state seller changed their mind. Fantastic investment opportunity. This duplex consists of an uppder 3 bedroom 1 bath unit and lower 2 bedroom 1 bath with extra storage room. Both units are in really great shape with clean conditions. Washer/dryer hookups in both units as well. The upper unit has an attached one car garage included in the rent. There is a detached oversized garage with its own meter as well, but the current owner used it as personal storage. That is a potential source of income as well. Both units are leased. One until May 2024 and the other is month to month. Owner pays water/sewer only. Property being sold "as is".

Last Listed By

Dustin Robinson

Lafayette Listing Realty LLC Listed on: 11/17/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,580

Year Built

  • Built in 1960

Lot Details

  • 9,104 Sq Ft Lot
  • Lot Dimensions are 50x182
  • Sloped Lot

Home Design

  • Duplex
  • Shingle Roof
  • Metal Siding

Interior Spaces

  • 1-Story Property
  • Laundry in Utility Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • 1 Bathroom in Basement
  • 2 Bedrooms in Basement

Parking

  • 1 Car Attached Garage
  • On-Street Parking
  • Off-Street Parking

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Community Storage Space
  • Water Sewer Expense $900

Listing and Financial Details

  • Tenant pays for electric, heating, lawn maintenance
  • The owner pays for sewer, water
  • Assessor Parcel Number 79-07-28-138-020.000-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,580

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1960
  • Age: 63
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Sec/Twp/Rng 28/23/4 Tax Set LAFAYETTE-FAIRFIELD TWP-LSC-B Subdivision N/A Brief Tax Description PT E NW SEC 28 TWP 23 R4 .20 A
  • Parcel Number ID: 79-07-28-138-020.000-004
  • Platted: Yes
  • Amenities: Off Street Parking, Storage
  • Number Below Grade Bedrooms: 2
  • Sp Lp Percent: 96.72
  • Monthly Gross Income: 1500
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 2184
  • Total Finished Sq Ft: 2084
  • Above Grade Finished Sq Ft: 1092
  • Below Grade Finished Sq Ft: 992
  • Below Grade Sq Ft: 100
  • Price Per Sq Ft: 172.62
  • Basement: Yes
  • Basement Foundation: Full Basement, Walk-Out Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 1092
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 6

Exterior Features

  • Exterior: Aluminum, Metal
  • Roof Material: Shingle
  • Stories: 1
  • Outbuilding Sq Ft: 528

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Water Sewer Expense: 900
  • 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: Slope, 0-2.9999
  • Lot Dimensions: 50x182
  • Estimated Lot Sq Ft: 9104
  • Estimated Lot Size Acres: 0.209

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Sewer, Water
  • Tenant Pays: Electric, Heating, Lawn Maintenance

Multi Family

  • Gross Monthly Rent: 1500
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2580

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2023
Closed on
Dec 21, 2023
Sold by
Phillippo Jerome W
Bought by
Beltran Valerie V
Seller's Agent
Dustin Robinson
Lafayette Listing Realty LLC
Buyer's Agent
Jenny Sarti
Raeco Realty
List Price
$194,900
Sold Price
$188,500
Premium/Discount to List
-$6,400
-3.28%
Total Days on Market
19
Views
65
Current Estimated Value
$209,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,734
Avg. Annual Appreciation
8.16%
Original Mortgage
$179,075
Outstanding Balance
$176,794
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$32,440

Purchase Details

Closed on
Sep 21, 2023
Sold by
Beeler Steven T
Bought by
Phillippo Jerome W

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
Beltran Valerie V -- Columbia Title
Phillippo Jerome W -- Columbia Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beltran Valerie V $179,075
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2024 01/16/24 Sold $188,500 -3.3% $90 / Sq Ft
12/06/2023 12/06/23 Pending -- -- --
12/01/2023 12/01/23 For Sale $194,900 0.0% $94 / Sq Ft
11/19/2023 11/19/23 Pending -- -- --
11/17/2023 11/17/23 For Sale $194,900 -- $94 / 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 $2,672 $190,300 $22,500 $167,800
2023 $2,672 $132,600 $22,500 $110,100
2022 $2,580 $127,500 $22,500 $105,000
2021 $2,356 $115,900 $22,500 $93,400
2020 $2,358 $115,900 $22,500 $93,400
2019 $1,787 $88,100 $20,000 $68,100
2018 $1,735 $85,500 $20,000 $65,500
2017 $1,700 $83,200 $20,000 $63,200
2016 $1,673 $82,410 $20,000 $62,410
2014 $1,632 $79,900 $20,000 $59,900
2013 $1,614 $79,100 $20,000 $59,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202342127

Indiana Regional MLS

APN: 79-07-28-138-020.000-004