NOT LISTED FOR SALE

1902 Kossuth St Lafayette, IN 47905

Estimated Value: $190,000 - $255,000

6 Beds
4 Baths
2,014 Sq Ft
$109/Sq Ft Est. Value

Last Sold April 14, 2017

Last sale price $100,000 $50 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $1,447/month

137 Days on Market

Highlights

  • Traditional Architecture
  • Covered patio or porch
  • Forced Air Heating and Cooling System
  • Corner Lot
  • Luxury Vinyl Tile Flooring

About This Home

As of April 2017

Fantastic investment opportunity! 2 buildings on 1 lot . 4 bedroom 2 bath home in front plus two 1 bedroom apartments in back. Great for owner occupied, live in the 4 bedroom home and collect income from the two apartments. Great for investors, 3 income producing units for one low price!

Last Listed By

Julie Boyce

Keller Williams Lafayette Listed on: 10/18/2016

Keller Williams Lafayette

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,848

Year Built

  • Built in 1908

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 44x138
  • Corner Lot
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Partially Finished Basement

  • Block Basement Construction
  • Basement Cellar
  • Crawl Space

Parking

  • 3 Parking Spaces
  • Private Parking
  • Off-Street Parking

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • Suburban Location

Listing and Financial Details

  • The owner pays for electric, heating, lawn maintenance, maintenance, sewer, trash collection, water
  • Assessor Parcel Number 79-07-28-258-008.000-004

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $3,984
  • Fuel Expense $3,096
  • Maintenance Expense $1,000
  • Water Sewer Expense $1,392

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,848

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1908
  • Age: 109
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: C&S T MURDOCK ADDN LOT 20 |
  • Parcel Number ID: 79-07-28-258-008.000-004
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Available, Countertops-Laminate, Detector-Smoke, Porch Covered
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100.1
  • Annual Miscellaneous: 500
  • Monthly Gross Income: 1750
  • Year Taxes Payable: 2016
  • Special Features: None

Interior Features

  • Total Sq Ft: 2472
  • Total Finished Sq Ft: 2014
  • Above Grade Finished Sq Ft: 2014
  • Below Grade Sq Ft: 458
  • Price Per Sq Ft: 49.65
  • Basement: Yes
  • Basement Foundation: Cellar, Crawl, Partial Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Laminate, Vinyl Tile
  • Total Below Grade Sq Ft: 458
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Aluminum
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 3
  • Parking: Off Street, Private

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Cable Company: Comcast
  • Annual Electric: 3984
  • Annual Fuel Expense: 3096
  • Annual Maintenance Expense: 1000
  • Annual Water Sewer Expense: 1392
  • Number Of W D Hookups: 3

Schools

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

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 44x138
  • Estimated Lot Sq Ft: 6098
  • Estimated Lot Size Acres: 0.14

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Heating, Lawn Maintenance, Maintenance, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 1750
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Number Of 4 Bedrooms: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1848

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2022
Sold by
Koh Knox Incorporated
Bought by
Koh Wolfgang Llc
Total Days on Market
137
Current Estimated Value
$219,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 18, 2016
Closed on
Apr 14, 2017
Sold by
Miller Brett
Bought by
Koh Knox Inc
Seller's Agent
Julie Boyce
Keller Williams Lafayette
Buyer's Agent
Julie Boyce
Keller Williams Lafayette
List Price
$124,900
Sold Price
$100,000
Premium/Discount to List
-$24,900
-19.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.16%
Original Mortgage
$78,400
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2016
Sold by
Miller Brett and Miller Brenda
Bought by
Miller Brett

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
Koh Wolfgang Llc -- --
Koh Knox Inc -- --
Miller Brett -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koh Wolfgang Llc $4,000,000
Closed Koh Wolfgang Llc $400,000
Previous Owner Koh Knox Inc $78,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2017 04/14/17 Sold $100,000 -19.9% $50 / Sq Ft
03/04/2017 03/04/17 Pending -- -- --
10/18/2016 10/18/16 For Sale $124,900 -- $62 / 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 $2,786 $161,900 $18,000 $143,900
2023 $2,786 $139,300 $18,000 $121,300
2022 $2,678 $133,900 $18,000 $115,900
2021 $2,434 $121,700 $18,000 $103,700
2020 $2,434 $121,700 $18,000 $103,700
2019 $2,434 $121,700 $15,000 $106,700
2018 $2,364 $118,200 $15,000 $103,200
2017 $2,300 $115,000 $15,000 $100,000
2016 $2,278 $113,900 $15,000 $98,900
2014 $1,934 $96,700 $15,000 $81,700
2013 $1,808 $90,400 $15,000 $75,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201648712

Indiana Regional MLS

APN: 79-07-28-258-008.000-004