1840 Salem St Lafayette, IN 47904
Hanna NeighborhoodEstimated Value: $101,000 - $189,000
3
Beds
1
Bath
1,786
Sq Ft
$86/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- 2 Car Detached Garage
- Carpet
- Corner Lot
- Forced Air Heating System
About This Home
As of December 2023"Incredible Investment Opportunity! This charming 3-bedroom, 1-bathroom home with a detached 2-car garage is a savvy investor's dream. Currently generating $1,000 per month in rental income, this property promises a steady return on your investment. While the house needs some TLC, it's situated in a prime location that more than makes up for it. You're just a stone's throw away from the vibrant downtown scene, where you can explore local restaurants, shops, and entertainment. 24 hour notice needed for showings.
Last Listed By
Trueblood Real Estate Brokerage Phone: 765-426-3928 Listed on: 10/30/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,700
Year Built
- Built in 1908
Lot Details
- 6,273 Sq Ft Lot
- Lot Dimensions are 50x125
- Corner Lot
Parking
- 2 Car Detached Garage
- Driveway
Home Design
- Traditional Architecture
- Brick Foundation
- Shingle Roof
Interior Spaces
- 2-Story Property
- Carpet
- Unfinished Basement
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Location
- Suburban Location
Schools
- Vinton Elementary School
- Sunnyside/Tecumseh Middle School
- Jefferson High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 79-07-21-258-001.000-004
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 30, 2023
Closed on
Dec 12, 2023
Sold by
Harry A Cole Revocable Living Trust
Bought by
1840 Salem Street Llc
Seller's Agent
Calvin Dykhuizen
Trueblood Real Estate
Buyer's Agent
Calvin Dykhuizen
Trueblood Real Estate
List Price
$105,000
Sold Price
$90,000
Premium/Discount to List
-$15,000
-14.29%
Total Days on Market
12
Views
81
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,758
Avg. Annual Appreciation
4.53%
Purchase Details
Closed on
Aug 10, 2015
Sold by
Cole Harry A
Bought by
Cole Trust
Purchase Details
Closed on
Nov 27, 2012
Sold by
Valley Equity Group Llc
Bought by
Centier Bank
Purchase Details
Closed on
Nov 8, 2007
Sold by
Valentine Billie and Valentine Barbara
Bought by
U S Bank National Association and Structurel Asset Investment Loan Trust
Purchase Details
Closed on
Jul 22, 2005
Sold by
Williams Steven A
Bought by
Valentine Billie and Valentine Barbara
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,400
Interest Rate
5.71%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Apr 14, 2004
Sold by
Williams Jerry A
Bought by
Williams Jerry A
Purchase Details
Closed on
Apr 22, 2000
Sold by
Leaman Charles E and Leaman Daniel G
Bought by
Williams Jerry A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Lafayette, IN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1840 Salem Street Llc | $90,000 | Metropolitan Title | |
| Cole Trust | -- | -- | |
| Centier Bank | $42,500 | None Available | |
| U S Bank National Association | $75,500 | None Available | |
| Valentine Billie | -- | -- | |
| Williams Jerry A | -- | -- | |
| Williams Jerry A | -- | -- | |
| Williams Jerry A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Cole Harry A | $826,100 | |
| Previous Owner | Valentine Billie | $8,400 | |
| Previous Owner | Valentine Billie | $71,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/12/2023 12/12/23 | Sold | $90,000 | -14.3% | $50 / Sq Ft |
| 11/11/2023 11/11/23 | Pending | -- | -- | -- |
| 10/30/2023 10/30/23 | For Sale | $105,000 | -- | $59 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $1,869 | $118,000 | $13,000 | $105,000 |
| 2023 | $1,869 | $93,400 | $13,000 | $80,400 |
| 2022 | $1,700 | $84,900 | $13,000 | $71,900 |
| 2021 | $1,667 | $83,200 | $13,000 | $70,200 |
| 2020 | $1,665 | $83,100 | $13,000 | $70,100 |
| 2019 | $1,601 | $79,900 | $11,000 | $68,900 |
| 2018 | $1,585 | $79,100 | $11,000 | $68,100 |
| 2017 | $1,577 | $78,700 | $11,000 | $67,700 |
| 2016 | $1,562 | $77,950 | $11,000 | $66,950 |
| 2014 | $1,567 | $78,200 | $11,000 | $67,200 |
| 2013 | $1,499 | $74,800 | $11,000 | $63,800 |
Source: Public Records
Agents Affiliated with this Home
-
Calvin Dykhuizen
Seller's Agent in 2023
Calvin Dykhuizen
Trueblood Real Estate
(765) 426-3928
2 in this area
166 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202340060
APN: 79-07-21-258-001.000-004
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