NOT LISTED FOR SALE

1705 Shortridge Dr Lafayette, IN 47905

Estimated Value: $113,000 - $168,000

2 Beds
2 Baths
864 Sq Ft
$162/Sq Ft Est. Value

Last Sold June 24, 2020

Last sale price $65,000 $75 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $957/month

29 Days on Market

Highlights

  • Forced Air Heating System
  • Carpet
  • 1-Story Property
  • Level Lot
  • Cabin

About This Home

As of June 2020

Great invesment potential. This is one of 13 properties up for sale.

Last Agent to Sell the Property

Lisa Dague

Lisa Dague Realty Listed on: 03/12/2020

Last Buyer's Agent

Lisa Dague

Lisa Dague Realty Listed on: 03/12/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,110

Year Built

  • Built in 1940

Lot Details

  • 5,968 Sq Ft Lot
  • Lot Dimensions are 46x130
  • Level Lot

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Cabin
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 864 Sq Ft Home
  • 1-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Location

  • Suburban Location

Schools

  • Oakland Elementary School
  • Sunnyside/Tecumseh Middle School
  • Jefferson High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, heating, water
  • Assessor Parcel Number 79-07-28-213-002.000-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,110

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1940
  • Age: 80
  • Style: One Story
  • Architectural Style: Cabin/Cottage
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 451\2x130 Ft W 1\2 S 1\2 Blantonss D Bl 3
  • Parcel Number ID: 79-07-28-213-002.000-004
  • Platted: Yes
  • Amenities: Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 92.86
  • Monthly Gross Income: 1060
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 864
  • Total Finished Sq Ft: 864
  • Above Grade Finished Sq Ft: 864
  • Price Per Sq Ft: 75.23
  • Flooring: Carpet
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City

Schools

  • School District: Lafayette
  • Elementary School: Oakland Elementary
  • Middle School: Sunnyside/Tecumseh
  • High School: Jefferson
  • Elementary School: Oakland Elementary

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 46x130
  • Estimated Lot Sq Ft: 5968
  • Estimated Lot Size Acres: 0.137

Rental Info

  • Lease Term: 1 Year
  • Tenant Pays: Electric, Heating, Water

Multi Family

  • Gross Monthly Rent: 1060
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1110

MLS Schools

  • High School: Jefferson
  • Middle School: Sunnyside/Tecumseh
  • School District: Lafayette

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2020
Closed on
Jun 24, 2020
Sold by
Rempro Llc
Bought by
Northridge Rents Indiana Llc
Seller's Agent
Lisa Dague
Lisa Dague Realty
Buyer's Agent
Lisa Dague
Lisa Dague Realty
List Price
$70,000
Sold Price
$65,000
Premium/Discount to List
-$5,000
-7.14%
Current Estimated Value
$139,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,667
Avg. Annual Appreciation
17.35%
Original Mortgage
$648,000
Outstanding Balance
$581,956
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
-$436,623

Purchase Details

Closed on
Apr 16, 2014
Sold by
Rch Properties Llc
Bought by
Rempro Llc

Purchase Details

Closed on
Sep 12, 2013
Sold by
Terry Beth Ann and Terry Daniel C
Bought by
Rch Properties Llc
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
Northridge Rents Indiana Llc -- Metropolitan Title
Rempro Llc -- --
Rch Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Northridge Rents Indiana Llc $648,000
Previous Owner Rch Properties Llc $36,735
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2020 06/24/20 Sold $65,000 -7.1% $75 / Sq Ft
04/10/2020 04/10/20 Pending -- -- --
03/12/2020 03/12/20 For Sale $70,000 -- $81 / 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 $2,228 $111,400 $18,000 $93,400
2023 $1,564 $78,200 $18,000 $60,200
2022 $1,426 $71,300 $18,000 $53,300
2021 $1,332 $66,600 $18,000 $48,600
2020 $1,110 $55,500 $18,000 $37,500
2019 $1,110 $55,500 $15,000 $40,500
2018 $1,110 $55,500 $15,000 $40,500
2017 $1,104 $55,200 $15,000 $40,200
2016 $1,094 $54,670 $15,000 $39,670
2014 $1,100 $55,000 $15,000 $40,000
2013 $1,114 $55,700 $15,000 $40,700
Source: Public Records

Agents Affiliated with this Home

  • Lisa Dague

    Seller's Agent in 2020

    Lisa Dague

    Lisa Dague Realty

    (765) 430-7591

    52 Total Sales

    Lisa Dague
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Map

Source: Indiana Regional MLS

MLS Number: 202009580

Indiana Regional MLS

APN: 79-07-28-213-002.000-004

Indiana Tippecanoe County Lafayette 47905

1705 Shortridge Dr, Lafayette, IN

This home is located at 1705 Shortridge Dr, Lafayette, IN 47905 since 12 March 2020 and is currently estimated at $139,667, approximately $161 per square foot. This property was built in 1940. 1705 Shortridge Dr is a home located in Tippecanoe County with nearby schools including Oakland Elementary School, Sunnyside Intermediate School, and Lafayette Tecumseh Junior High School.

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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