NOT LISTED FOR SALE

1640 Melrose Place West Lafayette, IN 47906

Estimated Value: $395,000 - $527,000

0.14 Acre
$3,258,993 Price per Acre
5,968 Sq Ft Lot

Last Sold June 14, 2021

Last sale price $47,000

Est. 850% increase in value since last sale

Current estimated payment $2,792/month

136 Days on Market

About This Lot

As of June 2021

Amazing location, less than 5 minutes to Purdue University and walking distance to large pond for catch and release fishing, kayaking and canoeing! Great patio style home lot on a quiet cul-de-sac in a maintenance free area! Private and level lot backs up to creek, beautiful trees and wildlife with no rear neighbors. Must see to fully appreciate the view of the back yard. Many common areas throughout the neighborhood with a focus on nature. Active, established and friendly neighborhood which is close to schools and shopping. Tippecanoe County Schools. Monthly fee of covers snow removal, mowing.

Last Agent to Sell the Property

Susan Pounders

F.C. Tucker/Shook Listed on: 01/11/2021

F.C. Tucker/Shook

Last Buyer's Agent

Susan Pounders

F.C. Tucker/Shook Listed on: 01/11/2021

F.C. Tucker/Shook

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $606

Year Built

  • 2021

Lot Details

  • 5,968 Sq Ft Lot
  • Lot Dimensions are 50x118
  • Property fronts a county road
  • Finished Lot(s)

HOA Fees

  • $70 Monthly HOA Fees

Parking

  • Driveway

Utilities

  • Heating System Uses Gas

Community Details

  • The community has rules related to covenants, conditions, and restrictions, building or community restrictions

Listing and Financial Details

  • Assessor Parcel Number 79-06-14-178-008.000-023

Property Details

Property Type

Land

Est. Annual Taxes

$606

Year Built

2021

Lot Details

0

HOA Fees

$70 per month

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Residential Land
  • Legal Description: ORCHARD 4 PD LOT 156
  • Parcel Number ID: 79-06-14-178-008.000-023
  • Platted: Yes
  • Location: Subdivision, Near College Campus
  • Road Access: County
  • Road Surface: Asphalt
  • Sp Lp Percent: 96.11
  • Parcel Description: Cul-De-Sac, Partially Wooded, 0-2.9999
  • Restrictions: SqFt Restrictions, Building Restrictions, Covenants
  • Type of Sale: Traditional
  • Platted Development: Yes
  • Type Use: Residential
  • Special Features: None
  • Year Built (Public Record): 2021

Exterior Features

  • Road Frontage: County

Utilities

  • Water Utilities: City
  • Electricity Type: Available
  • Fuel Type: Electric, Gas
  • Sewer Type: City

Condo/Co-op/Association

  • Association Fees: 70
  • Association Fees Frequency: Monthly

Schools

  • School District: Tippecanoe School Corp.
  • Elementary School: Klondike
  • Middle School: Klondike
  • High School: William Henry Harrison

Lot Info

  • Lot Dimensions: 50x118
  • Estimated Lot Sq Ft: 5968
  • Estimated Lot Size Acres: 0.137
  • Improvements: Storm Sewers, Street Lights, Underground Service

Tax Info

  • Annual Taxes: 606

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2022
Sold by
Kennedy Homes Llc
Bought by
Bolton Frances R
Total Days on Market
136
Current Estimated Value
$446,482

Purchase Details

Closed on
Dec 6, 2021
Sold by
Frances Boltonr
Bought by
Kennedy Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,080
Interest Rate
3.05%
Mortgage Type
Construction

Purchase Details

Listed on
Jan 11, 2021
Closed on
Jun 14, 2021
Sold by
Itin Bruno A and Itin Karen A
Bought by
Bolton Frances
Seller's Agent
Susan Pounders
F.C. Tucker/Shook
Buyer's Agent
Susan Pounders
F.C. Tucker/Shook
List Price
$49,900
Sold Price
$47,000
Premium/Discount to List
-$2,900
-5.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
76.06%

Purchase Details

Listed on
Apr 27, 2016
Closed on
Sep 6, 2018
Sold by
Komark Business Co
Bought by
Itin Bruno A and Itin Karen A
Seller's Agent
David Kovich
Komark
Buyer's Agent
David Kovich
Komark
List Price
$45,000
Sold Price
$43,000
Premium/Discount to List
-$2,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.26%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Bolton Frances R $403,091 Metropolitan Title
Kennedy Homes Llc -- None Listed On Document
Kennedy Homes Llc -- None Available
Bolton Frances $47,000 None Available
Itin Bruno A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kennedy Homes Llc $285,080
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2021 06/14/21 Sold $47,000 -3.9% --
05/27/2021 05/27/21 Pending -- -- --
03/04/2021 03/04/21 Price Changed $48,900 -2.0% --
01/11/2021 01/11/21 For Sale $49,900 +16.0% --
09/06/2018 09/06/18 Sold $43,000 -4.4% --
04/27/2016 04/27/16 For Sale $45,000 -- --
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 $2,733 $403,100 $43,000 $360,100
2023 $2,733 $373,700 $43,000 $330,700
2022 $157 $43,000 $43,000 $0
2021 $647 $43,000 $43,000 $0
2020 $669 $43,000 $43,000 $0
2019 $606 $40,000 $40,000 $0
2018 $5 $200 $200 $0
2017 $5 $200 $200 $0
2016 $5 $200 $200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202100883

Indiana Regional MLS

APN: 79-06-14-178-008.000-023