1522 S 18th St Lafayette, IN 47905
Central NeighborhoodEstimated Value: $225,000 - $286,000
4
Beds
3
Baths
2,240
Sq Ft
$108/Sq Ft
Est. Value
Highlights
- Corner Lot
- Ceiling Fan
- Carpet
- Attic Fan
- Baseboard Heating
- 2-minute walk to Immanuel United Church of Christ Playground
About This Home
As of June 2021Fantastic Investment Property! This beautifully maintained property has 3 units: 2 (1) bedrooms and one (2) bedroom. Two bedroom is on the upper level and has washer/dryer combination, gas heat, central air. The main floor has two 1 bedroom units, electric baseboard heat and window a/c.. There is a washer/dryer hookup in the basement for tenants to use. Seller pays water/sewer and tenants pay all other utilities. Exterior painted in 2012 and scheduled to be repainted. There is a shared driveway with the house behind property with ample parking. In the center of town with quick city bus access. Investors - you will not want to miss this one.
Last Agent to Sell the Property
Christina Campbell
Sue O'Brien - Titan RE Listed on: 05/13/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,872
Year Built
- Built in 1930
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 67'x110'
- Corner Lot
Home Design
- Block Exterior
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Ceiling Fan
- Attic Fan
- Washer Hookup
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Partially Finished Basement
- Exterior Basement Entry
- Block Basement Construction
Parking
- 5 Parking Spaces
- Gravel Driveway
Location
- Suburban Location
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Heating System Uses Gas
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable, electric, fuel
- The owner pays for sewer, trash collection, water
- Assessor Parcel Number 79-07-33-128-032.000-004
Community Details
Overview
- 3 Units
Building Details
- 2 Separate Electric Meters
- 1 Separate Gas Meter
- 3 Separate Water Meters
- Electric Expense $89
- Insurance Expense $750
- Maintenance Expense $1,000
- Water Sewer Expense $1,344
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 13, 2021
Closed on
Jun 16, 2021
Sold by
Johansen Trust
Bought by
Emulous Properties Llc
Seller's Agent
Christina Campbell
Sue O'Brien - Titan RE
Buyer's Agent
Josh Shives
Raeco Realty
List Price
$175,000
Sold Price
$177,500
Premium/Discount to List
$2,500
1.43%
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
$63,610
Avg. Annual Appreciation
7.75%
Original Mortgage
$142,000
Outstanding Balance
$120,752
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$118,669
Purchase Details
Closed on
Jun 8, 2016
Sold by
Johansen Miriam
Bought by
Johansen Trust
Similar Homes in Lafayette, IN
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Emulous Properties Llc | -- | Columbia Title | |
| Johansen Trust | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Emulous Properties Llc | $142,000 | |
| Closed | Emulous Properties Llc | $142,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2021 06/16/21 | Sold | $177,500 | +1.4% | $79 / Sq Ft |
| 05/17/2021 05/17/21 | Pending | -- | -- | -- |
| 05/13/2021 05/13/21 | For Sale | $175,000 | -- | $78 / 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 | $2,358 | $144,800 | $26,000 | $118,800 |
| 2023 | $2,358 | $117,900 | $26,000 | $91,900 |
| 2022 | $2,290 | $114,500 | $26,000 | $88,500 |
| 2021 | $2,246 | $93,600 | $26,000 | $67,600 |
| 2020 | $1,872 | $93,600 | $26,000 | $67,600 |
| 2019 | $1,872 | $93,600 | $24,800 | $68,800 |
| 2018 | $1,872 | $93,600 | $24,800 | $68,800 |
| 2017 | $1,822 | $91,100 | $24,800 | $66,300 |
| 2016 | $1,804 | $90,170 | $24,800 | $65,370 |
| 2014 | $1,734 | $86,700 | $24,800 | $61,900 |
| 2013 | $1,628 | $81,400 | $24,900 | $56,500 |
Source: Public Records
Agents Affiliated with this Home
-
C
Seller's Agent in 2021
Christina Campbell
Sue O'Brien - Titan RE
(479) 381-4214
-
Josh Shives
Buyer's Agent in 2021
Josh Shives
Raeco Realty
(765) 404-9900
1 in this area
109 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202117219
APN: 79-07-33-128-032.000-004
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