1625 Perdue St Lafayette, IN 47905
Valley Center Neighborhood
5
Beds
2
Baths
2,084
Sq Ft
10,454
Sq Ft Lot
Highlights
- Covered patio or porch
- Tile Flooring
- Forced Air Heating and Cooling System
About This Home
As of January 2023This duplex is conveniently located close to shopping, restaurants, and entertainment. (2.4 miles to Purdue univ, 2.2 miles to the Tippecanoe Mall) With a newer roof, private and on street parking, this cash flowing investment property will not have an issue being filled. The down stairs unit provides three bedrooms with one bath, basement, newer hot water heater. This 1364 square foot (plus 644 sqft basement) unit has a new refrigerator, new stove, new dishwasher, new carpet, and fresh paint. Tenant pays $1500 monthly rent, as well as electric, gas and water/sewage. $1500 deposit has been received. The upstairs unit provides 720 square feet with two bedrooms, one bathroom, new vanity, new shower surround, new kitchen cabinets, new countertop, new refrigerator, new stove, new carpet, and new paint! Tenant pays $1000 monthly rent, as well as electric and water/sewage. $1000 deposit has been received. Owner has not owned it long enough for lawn care bills (estimates $35-$45 a mow?). Owner pays taxes, insurance, and lawncare. This investment property will only be on the market for 5 days! After that we will not disturb the tenants. Master lease starts 12/1 for a year and may renew year over year. Rent is guaranteed funds and guaranteed against tenant damages. This is a great cash flowing property. Schedule your showing TODAY!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,684
Year Built
- Built in 1930
Lot Details
- 10,454 Sq Ft Lot
- Lot Dimensions are 64 x 157 x 64 x 159
Home Design
- Duplex
- Rubber Roof
- Metal Roof
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Unfinished Basement
- Block Basement Construction
- Fire and Smoke Detector
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in Kitchen
- Washer Hookup
Parking
- 3 Parking Spaces
- Private Parking
- Gravel Driveway
- On-Street Parking
- Off-Street Parking
Schools
- Thomas Miller Elementary School
- Sunnyside/Tecumseh Middle School
- Jefferson High School
Utilities
- Forced Air Heating and Cooling System
- Cable TV Available
Additional Features
- Covered patio or porch
- Suburban Location
Listing and Financial Details
- Tenant pays for cooling, electric, heating, maintenance, sewer, trash collection, water
- The owner pays for building insurance, lawn maintenance, maintenance, tax
- Assessor Parcel Number 79-07-28-183-001.000-004
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $1,231
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 21, 2022
Closed on
Jan 20, 2023
Sold by
Midwest Paradise Properties Ii Llc
Bought by
Salazar Victor
Seller's Agent
Ryan Griswold
Elite Property Mgmt and Realty
Buyer's Agent
Ryan Griswold
Elite Property Mgmt and Realty
List Price
$239,900
Sold Price
$210,000
Premium/Discount to List
-$29,900
-12.46%
Views
27
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
$25,655
Avg. Annual Appreciation
4.70%
Original Mortgage
$157,500
Outstanding Balance
$153,411
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$82,012
Purchase Details
Listed on
Aug 31, 2022
Closed on
Aug 25, 2022
Sold by
Stoll Patrick J
Bought by
Midwest Paradise Properties Ii Llc
Seller's Agent
LAF NonMember
NonMember LAF
Buyer's Agent
Ryan Griswold
Elite Property Mgmt and Realty
List Price
$145,000
Sold Price
$145,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
158.49%
Purchase Details
Closed on
Nov 16, 2001
Sold by
Hartwich Walter and Richardson Hartwich A Jill
Bought by
Stoll Patrick J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,900
Interest Rate
6.69%
Mortgage Type
Commercial
Similar Homes in Lafayette, IN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $210,000 | Metropolitan Title | |
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $157,500 | New Conventional | |
| Previous Owner | $64,900 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/20/2023 01/20/23 | Sold | $210,000 | -12.5% | $101 / Sq Ft |
| 12/21/2022 12/21/22 | Pending | -- | -- | -- |
| 12/21/2022 12/21/22 | For Sale | $239,900 | +65.4% | $115 / Sq Ft |
| 08/31/2022 08/31/22 | Sold | $145,000 | 0.0% | $70 / Sq Ft |
| 08/31/2022 08/31/22 | Pending | -- | -- | -- |
| 08/31/2022 08/31/22 | For Sale | $145,000 | -- | $70 / 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 | $2,812 | $140,600 | $22,500 | $118,100 |
| 2023 | $1,926 | $96,300 | $22,500 | $73,800 |
| 2022 | $1,852 | $92,600 | $22,500 | $70,100 |
| 2021 | $1,684 | $84,200 | $22,500 | $61,700 |
| 2020 | $1,624 | $81,200 | $22,500 | $58,700 |
| 2019 | $1,624 | $81,200 | $15,000 | $66,200 |
| 2018 | $1,576 | $78,800 | $15,000 | $63,800 |
| 2017 | $1,576 | $78,800 | $15,000 | $63,800 |
| 2016 | $1,560 | $78,000 | $15,000 | $63,000 |
| 2014 | $1,478 | $73,900 | $15,000 | $58,900 |
| 2013 | $1,386 | $69,300 | $15,000 | $54,300 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Griswold
Seller's Agent in 2023
Ryan Griswold
Elite Property Mgmt and Realty
(765) 426-5502
3 in this area
103 Total Sales
-
L
Seller's Agent in 2022
LAF NonMember
NonMember LAF
Map
Source: Indiana Regional MLS
MLS Number: 202250100
APN: 79-07-28-183-001.000-004
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