NOT LISTED FOR SALE

Estimated Value: $180,132 - $203,000

4 Beds
2.5 Baths
2,352 Sq Ft
$83/Sq Ft Est. Value

Last Sold August 31, 2017

Last sale price $120,000 $51 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $1,263/month

67 Days on Market

Highlights

  • Corner Lot
  • Utility Sink
  • Laundry in Utility Room
  • Covered Patio or Porch
  • Eat-In Kitchen
  • Central Air

About This Home

As of August 2017

Great income property. Live on one side while the other is rented. Both sides rent quickly. Great off-street parking. Clean and well kept, newer roof, convenient location!

Last Agent to Sell the Property

Doug Browning

Keller Williams Lafayette Listed on: 06/01/2017

Keller Williams Lafayette

Last Buyer's Agent

Spencer Childers

Keller Williams Lafayette

Keller Williams Lafayette

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,354

Year Built

  • Built in 1940

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 38x102
  • Corner Lot

Home Design

  • Duplex
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Ceiling Fan
  • Fire and Smoke Detector
  • Laundry in Utility Room

Kitchen

  • Eat-In Kitchen
  • Utility Sink

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms

Partially Finished Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Driveway
  • Off-Street Parking

Utilities

  • Central Air
  • Heating System Uses Gas
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for water
  • Assessor Parcel Number 79-07-16-405-010.000-004

Community Details

Pet Policy

  • Pet Restriction

Additional Features

  • 2 Units
  • Insurance Expense $1,324

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,354

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1940
  • Age: 77
  • Style: One and Half Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: Raubs Addn Ex 40 Ft S End 9.6 x 102.4 Ft NE Cor Lot 2 & Ex 40 Ft S end 7.1 x 102.4 Ft NE Cor Lot 1 &
  • Parcel Number ID: 79-07-16-405-010.000-004
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Cable Ready, Detector-Smoke, Eat-In Kitchen, Porch Covered, Utility Sink
  • Legal Description2: Cont. Ex 40 Ft S End & Pt N E Cor Lot 1
  • Location: City/Town/Suburb
  • Sp Lp Percent: 92.38
  • Monthly Gross Income: 1300
  • Special Features: None

Interior Features

  • Total Sq Ft: 2988
  • Total Finished Sq Ft: 2352
  • Above Grade Finished Sq Ft: 2352
  • Below Grade Sq Ft: 636
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 636
  • Number Of Disposals: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Stories: 1.5

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 4
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: Vectren Energy
  • Cable Company: Comcast
  • Annual Insurance Expense: 1324
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Common Amenities: Sidewalks
  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 38x102
  • Estimated Lot Sq Ft: 3920
  • Estimated Lot Size Acres: 0.09

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1300
  • Number Of Dishwashers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 2354

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2018
Sold by
Holmes Clinton
Bought by
Holmes Enterprises Llc
Current Estimated Value
$195,533

Purchase Details

Listed on
Jun 1, 2017
Closed on
Aug 31, 2017
Sold by
Welsh Sheila F
Bought by
Holmes Clinton
Seller's Agent
Doug Browning
Keller Williams Lafayette
Buyer's Agent
Spencer Childers
Keller Williams Lafayette
List Price
$149,900
Sold Price
$120,000
Premium/Discount to List
-$29,900
-19.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.29%
Original Mortgage
$90,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2001
Sold by
Galema Daniel L and Galema Carolyn J
Bought by
Welsh Sheila F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,900,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
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
Holmes Enterprises Llc -- None Available
Holmes Enterprises Llc -- None Available
Holmes Clinton -- --
Welsh Sheila F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holmes Clinton $90,000
Previous Owner Welsh Sheila F $2,900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2017 08/31/17 Sold $120,000 -19.9% $51 / Sq Ft
08/07/2017 08/07/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $149,900 -- $64 / 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 $2,398 $119,900 $13,000 $106,900
2023 $2,486 $124,300 $13,000 $111,300
2022 $2,426 $121,300 $13,000 $108,300
2021 $2,378 $118,900 $13,000 $105,900
2020 $2,378 $118,900 $13,000 $105,900
2019 $2,378 $118,900 $21,600 $97,300
2018 $2,378 $118,900 $21,600 $97,300
2017 $2,378 $118,900 $21,600 $97,300
2016 $2,354 $117,710 $21,600 $96,110
2014 $2,394 $119,700 $21,600 $98,100
2013 $2,118 $105,900 $21,600 $84,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201724246

Indiana Regional MLS

APN: 79-07-16-405-010.000-004