NOT LISTED FOR SALE

1522 S 18th St Lafayette, IN 47905

Central Neighborhood

Estimated Value: $231,000 - $264,000

4 Beds
3 Baths
2,240 Sq Ft
$108/Sq Ft Est. Value

Last Sold June 16, 2021

Last sale price $177,500 $79 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,516/month

4 Days on Market

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 2021

Fantastic 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

Last Buyer's Agent

Josh Shives

Raeco Realty

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,872

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1930
  • Style: Two Story
  • Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Lafayette-Fairfield TWP-LSC-B Lot 2 Shorter SD
  • Parcel Number ID: 79-07-33-128-032.000-004
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Cable Ready, Water Heater Electric, Water Heater Gas, Washer Hook-Up
  • Location: City/Town/Suburb
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2704
  • Total Finished Sq Ft: 2240
  • Above Grade Finished Sq Ft: 2240
  • Below Grade Sq Ft: 464
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished, Outside Entrance
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 896
  • Total Below Grade Sq Ft: 464
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Block, Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 5
  • Parking: Gravel

Utilities

  • Cooling: Attic Fan, Wall AC
  • Heating Fuel: Gas, Baseboard
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: Vectren Energy
  • Annual Electric: 89
  • Annual Insurance Expense: 750
  • Annual Maintenance Expense: 1000
  • Annual Water Sewer Expense: 1344
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 3

Lot Info

  • Lot Description: Corner, 0-2.9999
  • Lot Dimensions: 67'x110'
  • Estimated Lot Sq Ft: 7405
  • Estimated Lot Size Acres: 0.17

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Cable, Electric, Fuel

Tax Info

  • Annual Property Tax: 1872

Multi Family

  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1

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
$242,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,773
Avg. Annual Appreciation
7.38%
Original Mortgage
$142,000
Outstanding Balance
$118,297
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$123,976

Purchase Details

Closed on
Jun 8, 2016
Sold by
Johansen Miriam
Bought by
Johansen Trust
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
Emulous Properties Llc -- Columbia Title
Johansen Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Emulous Properties Llc $142,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $2,896 $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

    Section Image
  • Josh Shives

    Buyer's Agent in 2021

    Josh Shives

    Raeco Realty

    (765) 404-9900

    2 in this area

    103 Total Sales

    Josh Shives
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202117219

Indiana Regional MLS

APN: 79-07-33-128-032.000-004

Indiana Tippecanoe County Lafayette 47905 Central

1522 S 18th St, Lafayette, 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.

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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