NOT LISTED FOR SALE

Estimated Value: $166,255 - $284,000

4 Beds
3 Baths
2,996 Sq Ft
$73/Sq Ft Est. Value

Last Sold April 13, 2016

Last sale price $93,500 $31 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $1,417/month

12 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Eat-In Kitchen
  • Corner Lot
  • Enclosed patio or porch
  • 5-minute walk to Linnwood Park

About This Home

As of April 2016

CHARMING TRIPLEX! Currently set up as an investment property with 3 separate units. Live in 1 unit and rent out the other 2. Minutes from downtown Lafayette & walking distance to Market Square. Features include hardwood flooring, built-ins, French doors, shared courtyard, basement, storage and more! Well maintained & easy to rent. GREAT INVESTMENT OPPORTUNITY & PRICED TO SELL!! *Gross Monthly & Annual rent reflects only 2 units rented. The upstairs unit 1728 Pierce was previously rented for an additional $380 per month/ $4,560 per year.

Last Listed By

Christy Carr

Commercial Brokers Listed on: 02/16/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,178

Year Built

  • Built in 1925

Lot Details

  • 6,839 Sq Ft Lot
  • Lot Dimensions are 58x118
  • Fenced Yard
  • Property is Fully Fenced
  • Corner Lot
  • Level Lot

Home Design

  • Triplex
  • Brick Foundation
  • Poured Concrete
  • Asphalt Roof
  • Metal Roof
  • Pier Jacks
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in Utility Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Laminate Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Double Vanity

Home Security

  • Storm Windows
  • Fire and Smoke Detector

Parking

  • 1 Car Garage
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Schools

  • Thomas Miller Elementary School
  • Sunnyside/Tecumseh Middle School
  • Jefferson High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • High-Efficiency Furnace
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Energy-Efficient Appliances
  • Enclosed patio or porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cooling, deposit value, electric, fuel, heating
  • The owner pays for building insurance, cooling, electric, fuel, heating, lawn maintenance, maintenance, snow removal, sewer, tax, water
  • Assessor Parcel Number 79-07-21-137-008.000-004

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Community Storage Space

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $900
  • Insurance Expense $1,584
  • Maintenance Expense $1,500
  • Water Sewer Expense $601

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,178

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1925
  • Age: 91
  • Style: One and Half Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: ROSS TO LINWOOD LOT 28 |
  • Parcel Number ID: 79-07-21-137-008.000-004
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Fenced Yard, Storage, Breakfast Bar, Cable Available, Cable Ready, Ceiling-9+, Closet(s) Walk-in, Countertops-Laminate, Detector-Smoke, Eat-In Kitchen, Patio Open, Porch Enclosed, Twin Sink Vanity, Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 79.91
  • Monthly Gross Income: 975
  • Year Taxes Payable: 2016
  • Special Features: None

Interior Features

  • Total Sq Ft: 5124
  • Total Finished Sq Ft: 2996
  • Above Grade Finished Sq Ft: 2996
  • Below Grade Sq Ft: 2128
  • Price Per Sq Ft: 31.21
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Brick, Piers, Poured Concrete
  • Flooring: Carpet, Wood
  • Total Below Grade Sq Ft: 2128
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Aluminum, Vinyl
  • Roof Material: Asphalt, Metal
  • Fence: Full, Privacy
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 1
  • Parking: Gravel, Off Street, Street

Utilities

  • Cooling: Central Air, Multiple Cooling Units, Wall AC
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Hvac: Ceiling Fan, High Efficiency Furnace
  • Annual Electric: 1200
  • Annual Fuel Expense: 900
  • Annual Insurance Expense: 1583.88
  • Annual Maintenance Expense: 1500
  • Annual Water Sewer Expense: 600.76
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Common Amenities: Sidewalks
  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 58x118
  • Estimated Lot Sq Ft: 6839
  • Estimated Lot Size Acres: 0.157

Green Features

  • Energy Efficient: Appliances
  • Energy Efficient Windows/Doors: Storm Doors, Storm Windows

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Cooling, Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Snow Removal, Sewer, Tax, Water
  • Tenant Pays: Cooling, Deposit Value, Electric, Fuel, Heating

Multi Family

  • Gross Monthly Rent: 975
  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2178

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2016
Closed on
Apr 13, 2016
Sold by
Murr Michael A and Burroff-Murr Pamela G
Bought by
Cooperfiled Llc
Seller's Agent
Christy Carr
Commercial Brokers
Buyer's Agent
Brent Parks
BW Parks Property Mgmt
List Price
$117,000
Sold Price
$93,500
Premium/Discount to List
-$23,500
-20.09%
Total Days on Market
12
Current Estimated Value
$218,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,814
Original Mortgage
$74,800
Outstanding Balance
$61,249
Interest Rate
3.64%
Mortgage Type
Commercial

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
Cooperfiled Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cooperfiled Llc $74,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2016 04/13/16 Sold $93,500 -20.1% $31 / Sq Ft
02/28/2016 02/28/16 Pending -- -- --
02/16/2016 02/16/16 For Sale $117,000 -- $39 / 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 $2,410 $70,400 $13,000 $57,400
2023 $2,410 $120,500 $13,000 $107,500
2022 $2,352 $117,600 $13,000 $104,600
2021 $2,306 $115,300 $13,000 $102,300
2020 $2,306 $115,300 $13,000 $102,300
2019 $2,306 $115,300 $12,000 $103,300
2018 $2,306 $115,300 $12,000 $103,300
2017 $2,244 $112,200 $12,000 $100,200
2016 $2,222 $111,080 $12,000 $99,080
2014 $2,102 $105,100 $12,000 $93,100
2013 $1,962 $98,100 $12,000 $86,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201606055

Indiana Regional MLS

APN: 79-07-21-137-008.000-004