NOT LISTED FOR SALE

Estimated Value: $170,000 - $227,000

4 Beds
2 Baths
1,604 Sq Ft
$124/Sq Ft Est. Value

Last Sold June 30, 2017

Last sale price $126,667 $79 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $1,290/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating and Cooling System
  • Level Lot
  • Wood Flooring
  • Ceiling Fan
  • 5-minute walk to Columbian Park

About This Home

As of June 2017

Sale includes 2 homes on 1 lot. Each home features 2 bedrooms and 1 full bath. Located directly across from Columbia Park and Zoo and conveniently close to restaurants, shopping, and schools. Currently rented on a month to month agreement. Inspections welcomed, but sold as is.

Last Listed By

Sherry Cole

Keller Williams Lafayette Listed on: 05/03/2017

Keller Williams Lafayette

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,911

Year Built

  • Built in 1940

Lot Details

  • 6,480 Sq Ft Lot
  • Lot Dimensions are 45x144
  • Level Lot

Home Design

  • Traditional Architecture
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,604 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Laminate Countertops
  • Washer Hookup

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Private Parking
  • Driveway
  • Off-Street Parking

Location

  • Suburban Location

Utilities

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

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Tenant pays for cable, electric, fuel, heating, trash collection, water
  • Assessor Parcel Number 79-07-28-229-007.000-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,911

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1940
  • Age: 77
  • Style: One Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: WEAVERS ADDN LOT 138
  • Parcel Number ID: 79-07-28-229-007.000-004
  • Platted: Yes
  • Amenities: Ceiling Fan, Near Walking Trail, Cable Ready, Countertops-Laminate, Water Heater Gas, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 97.44
  • Monthly Gross Income: 1250
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1604
  • Total Finished Sq Ft: 1604
  • Above Grade Finished Sq Ft: 1604
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Flooring: Laminate, Wood
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Stories: 1

Garage/Parking

  • Driveway: Asphalt
  • Number Of Parking Spaces: 4
  • 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: Vectren Energy
  • Cable Company: Comcast
  • Number Of W D Hookups: 2

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 45x144
  • Estimated Lot Sq Ft: 6480
  • Estimated Lot Size Acres: 0.149

Rental Info

  • Lease Term: Month to Month
  • Tenant Pays: Cable, Electric, Fuel, Heating, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 1250
  • Number Of Dishwashers: 1
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1911.4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2017
Closed on
Jun 28, 2017
Sold by
Castor James Arnold and Castor John Woodworth
Bought by
Kbay East Group Llc
Seller's Agent
Sherry Cole
Keller Williams Lafayette
Buyer's Agent
Cathy Russell
@properties
List Price
$60,000
Sold Price
$126,667
Premium/Discount to List
$66,667
111.11%
Total Days on Market
2
Current Estimated Value
$198,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,693
Avg. Annual Appreciation
5.84%
Original Mortgage
$425,600
Outstanding Balance
$358,318
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
-$159,958

Purchase Details

Closed on
Mar 17, 2011
Sold by
Castor James Arnold
Bought by
Castor James Arnold and Castor John Woodworth

Purchase Details

Closed on
Dec 9, 2010
Sold by
First Merchants Trust Company
Bought by
Castor James Arnold

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
Kbay East Group Llc -- --
Castor James Arnold -- None Available
Castor James Arnold -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kbay East Group Llc $425,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2017 06/30/17 Sold $126,667 +111.1% $79 / Sq Ft
05/05/2017 05/05/17 Pending -- -- --
05/03/2017 05/03/17 For Sale $60,000 -- $37 / 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 $2,218 $135,000 $18,000 $117,000
2023 $2,218 $110,800 $18,000 $92,800
2022 $2,132 $106,500 $18,000 $88,500
2021 $1,939 $96,800 $18,000 $78,800
2020 $1,939 $96,800 $18,000 $78,800
2019 $1,939 $96,800 $15,000 $81,800
2018 $1,939 $96,800 $15,000 $81,800
2017 $1,929 $96,300 $15,000 $81,300
2016 $1,911 $95,300 $15,000 $80,300
2014 $1,807 $90,100 $15,000 $75,100
2013 $1,760 $87,800 $15,000 $72,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201719278

Indiana Regional MLS

APN: 79-07-28-229-007.000-004