NOT LISTED FOR SALE

Estimated Value: $226,000 - $264,000

4 Beds
2 Baths
2,832 Sq Ft
$86/Sq Ft Est. Value

Last Sold January 16, 2024

Last sale price $225,000 $79 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,564/month

61 Days on Market

Highlights

  • 0.35 Acre Lot
  • Covered Deck
  • Forced Air Heating and Cooling System
  • Built-In Features
  • Luxury Vinyl Tile Flooring
  • Ceiling Fan

About This Home

As of January 2024

Duplex for Sale! Total Rents could be $2400-$2500. Main Floor unit is spacious with 2 bedrooms/2 baths and a large living room. The upper unit also has 2 bedrooms and 2 baths with its own laundry hook ups. The property has a garage that could be used by a tenant or rented separately for storage. Currently vacant and ready for new owners!

Last Listed By

Spencer Childers

Keller Williams Lafayette Brokerage Phone: 765-430-4276 Listed on: 10/17/2023

Keller Williams Lafayette

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,538

Year Built

  • Built in 1925

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 800 x 188
  • Level Lot

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Converted Dwelling
  • Brick Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Laminate Countertops
  • Partially Finished Basement

Flooring

  • Carpet
  • Laminate
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Covered Deck
  • Suburban Location

Listing and Financial Details

  • Homestead Exemption
  • Tenant pays for electric, heating, trash collection, water, deposit value
  • The owner pays for building insurance, lawn maintenance, maintenance, tax
  • Assessor Parcel Number 79-07-16-351-040.000-004

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Water Sewer Expense $840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,538

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1925
  • Age: 98
  • Style: Bi-Level
  • Architectural Style: Converted House
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: CO COMM PT LOT 29 &BURROUGHS SD LOT 30
  • Parcel Number ID: 79-07-16-351-040.000-004
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Built-in Desk, Countertops-Laminate, Deck Covered, Deck Open
  • Location: City/Town/Suburb
  • Sp Lp Percent: 90
  • Monthly Gross Income: 2400
  • Year Taxes Payable: 1538
  • Special Features: None

Interior Features

  • Total Sq Ft: 3170
  • Total Finished Sq Ft: 2832
  • Above Grade Finished Sq Ft: 2832
  • Below Grade Sq Ft: 338
  • Price Per Sq Ft: 79.45
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Brick
  • Flooring: Carpet, Laminate, Vinyl Tile
  • Total Below Grade Sq Ft: 338
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1500
  • Annual Water Sewer Expense: 840
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Water Meters: 1

Schools

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

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 800 x 188
  • Estimated Lot Sq Ft: 15040
  • Estimated Lot Size Acres: 0.345

Rental Info

  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Tax
  • Tenant Pays: Electric, Heating, Trash Collection, Water, Deposit Value

Tax Info

  • Exemptions: Homestead, Supplemental
  • Annual Property Tax: 1538.34

Multi Family

  • Gross Monthly Rent: 2400
  • Number Of Dishwashers: 1
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2023
Closed on
Jan 16, 2024
Sold by
Pyatt Terry
Bought by
Strider Llc
Seller's Agent
Spencer Childers
Keller Williams Lafayette
Buyer's Agent
Spencer Childers
Keller Williams Lafayette
List Price
$250,000
Sold Price
$225,000
Premium/Discount to List
-$25,000
-10%
Total Days on Market
61
Views
106
Current Estimated Value
$242,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,390
Avg. Annual Appreciation
5.60%
Original Mortgage
$180,000
Outstanding Balance
$175,364
Interest Rate
7.03%
Mortgage Type
Credit Line Revolving
Estimated Equity
$66,009

Purchase Details

Closed on
Jul 9, 2004
Sold by
Phillips Bobby D and Phillips Connie A
Bought by
Phillips Bobby D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,600
Interest Rate
5.5%
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
Strider Llc $225,000 Metropolitan Title
Phillips Bobby D -- Integrity Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Strider Llc $180,000
Previous Owner Pyatt Terry $98,500
Previous Owner Phillips Bobby D $129,400
Previous Owner Phillips Bobby D $116,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2024 01/16/24 Sold $225,000 -10.0% $79 / Sq Ft
12/17/2023 12/17/23 Pending -- -- --
12/06/2023 12/06/23 For Sale $250,000 +11.1% $88 / Sq Ft
11/20/2023 11/20/23 Off Market $225,000 -- --
10/17/2023 10/17/23 For Sale $250,000 -- $88 / 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 $2,570 $152,000 $19,500 $132,500
2023 $2,570 $128,500 $19,500 $109,000
2022 $1,538 $125,400 $19,500 $105,900
2021 $1,511 $122,900 $19,500 $103,400
2020 $1,233 $102,400 $19,500 $82,900
2019 $1,301 $102,400 $24,000 $78,400
2018 $1,302 $102,400 $24,000 $78,400
2017 $1,296 $102,400 $24,000 $78,400
2016 $1,281 $101,388 $24,000 $77,388
2014 $1,291 $102,900 $24,000 $78,900
2013 $1,309 $104,600 $24,000 $80,600
Source: Public Records

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Source: Indiana Regional MLS

MLS Number: 202338067

Indiana Regional MLS

APN: 79-07-16-351-040.000-004