NOT LISTED FOR SALE

1531 Summit Dr West Lafayette, IN 47906

Estimated Value: $359,000 - $364,154

3 Beds
2.5 Baths
1,992 Sq Ft
$181/Sq Ft Est. Value

Last Sold July 24, 2015

Last sale price $165,000 $83 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $2,222/month

27 Days on Market

Highlights

  • Fireplace in Bedroom
  • Ranch Style House
  • Covered Patio or Porch
  • West Lafayette Intermediate School Rated A+
  • Partially Wooded Lot
  • 4-minute walk to Tippecanoe County Park Dev

About This Home

As of July 2015

Well updated spacious ranch on a beautiful tree-lined lot in a most popular location near campus. With 1992 SF, 3 bedrooms, 2.5 baths, and large laundry/mud room, there's good space for all. The kitchen offers newly painted cabinets, new dishwasher/hood/cooktop, and new sink and counters. Carpet and paint are new as well, and the furnace and air were new in 2014. Bedroom 3 has been used as an office and has supplemental wall heat, an outside entrance, and a pull down to floored attic. Move-In Ready!

Last Agent to Sell the Property

Roberta Levy

F C Tucker/Lafayette Inc Listed on: 05/29/2015

Last Buyer's Agent

Blake Fiechter

Steffen Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,545

Year Built

  • Built in 1961

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 77x166
  • Level Lot
  • Partially Wooded Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Ranch Style House
  • Shingle Roof
  • Asphalt Roof
  • Stone Exterior Construction

Interior Spaces

  • 1,992 Sq Ft Home
  • Wood Burning Fireplace
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Bedroom
  • En-Suite Primary Bedroom

Attic

  • Storage In Attic
  • Pull Down Stairs to Attic

Schools

  • Happy Hollow/Cumberland Elementary School
  • West Lafayette Middle School
  • West Lafayette High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Community Details

  • Northwestern Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 79-07-18-152-003.000-026

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,545

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1961
  • Age: 54
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 7
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: northwestern heights sec 3 lot 38 |
  • Parcel Number ID: 79-07-18-152-003.000-026
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Attic Pull Down Stairs, Attic Storage, Cable Available, Garage Door Opener, Patio Open, Porch Covered
  • Location: City/Town/Suburb
  • Sp Lp Percent: 95.65
  • Year Taxes Payable: 2015
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1992
  • Total Finished Sq Ft: 1992
  • Above Grade Finished Sq Ft: 1992
  • Price Per Sq Ft: 82.83
  • Basement Foundation: Crawl
  • Number Of Fireplaces: 1
  • Fireplace: 1st Bdrm, Wood Burning
  • Fireplace: Yes
  • Living Great Room: Dimensions: 20x13, On Level: Main
  • Kitchen: Dimensions: 13x10, On Level: Main
  • Dining Room: Dimensions: 13x10, On Level: Main
  • Bedroom 1: Dimensions: 14x14, On Level: Main
  • Bedroom 2: Dimensions: 16x13, On Level: Main
  • Bedroom 3: Dimensions: 20x12, On Level: Main
  • Number of Main Level Full Bathrooms: 2
  • Number of Main Level Half Bathrooms: 1

Exterior Features

  • Exterior: Aluminum, Stone
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: None

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 21x20
  • Garage Sq Ft: 420
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Laundry: Dimensions: Mainx9, On Level: 10

Schools

  • School District: West Lafayette Community School Corp.
  • Elementary School: Happy Hollow/Cumberland
  • Middle School: West Lafayette
  • High School: West Lafayette
  • Elementary School: Happy Hollow/Cumberland

Lot Info

  • Lot Description: Level, Partially Wooded
  • Lot Dimensions: 77x166
  • Estimated Lot Sq Ft: 12632
  • Estimated Lot Size Acres: 0.29

Tax Info

  • Annual Taxes: 1545
  • Exemptions: Homestead, Mortgage

MLS Schools

  • High School: West Lafayette
  • Middle School: West Lafayette
  • School District: West Lafayette Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2018
Sold by
Schumacher Andrew J and Schumacher Taryn K
Bought by
Archer Sean M and Archer Eun Seol
Current Estimated Value
$361,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,000
Outstanding Balance
$169,873
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$196,169

Purchase Details

Listed on
May 29, 2015
Closed on
Jul 24, 2015
Sold by
Gorenstein Lev and Avramova Larisa
Bought by
Schumacher Andrew J and Schumacher Taryn K
Seller's Agent
Roberta Levy
F C Tucker/Lafayette Inc
Buyer's Agent
Blake Fiechter
Steffen Group
List Price
$172,500
Sold Price
$165,000
Premium/Discount to List
-$7,500
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.17%
Original Mortgage
$132,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2003
Sold by
Cooke J Aaron and Cooke Heather A
Bought by
Gorenstein Lev and Avramova Larisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,697
Interest Rate
5.87%
Mortgage Type
FHA
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
Archer Sean M -- None Available
Schumacher Andrew J -- --
Gorenstein Lev -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Archer Sean M $194,000
Previous Owner Schumacher Andrew J $13,000
Previous Owner Schumacher Andrew J $132,000
Previous Owner Gorenstein Lev $137,700
Previous Owner Gorenstein Lev $146,697
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2015 07/24/15 Sold $165,000 -4.3% $83 / Sq Ft
06/25/2015 06/25/15 Pending -- -- --
05/29/2015 05/29/15 For Sale $172,500 -- $87 / 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 $3,534 $296,000 $84,800 $211,200
2023 $3,003 $256,800 $55,000 $201,800
2022 $2,698 $227,100 $55,000 $172,100
2021 $2,519 $212,700 $55,000 $157,700
2020 $2,329 $197,400 $55,000 $142,400
2019 $2,240 $190,200 $55,000 $135,200
2018 $1,965 $168,000 $39,000 $129,000
2017 $1,897 $162,600 $39,000 $123,600
2016 $1,680 $155,700 $36,400 $119,300
2014 $1,545 $144,100 $36,400 $107,700
2013 $1,547 $142,900 $36,400 $106,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201525022

Indiana Regional MLS

APN: 79-07-18-152-003.000-026