NOT LISTED FOR SALE

2024 Monon Ave Lafayette, IN 47904

Monon Neighborhood

Estimated Value: $163,607 - $222,000

4 Beds
3 Baths
1,904 Sq Ft
$96/Sq Ft Est. Value

Last Sold April 26, 2018

Last sale price $75,000 $39 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $1,330/month

49 Days on Market

Highlights

  • 2 Car Detached Garage
  • Central Air
  • Baseboard Heating
  • Luxury Vinyl Tile Flooring
  • Ceiling Fan
  • Level Lot

About This Home

As of April 2018

Come check out this investment. 3 units with several updates. Motivated seller with contract for deed option available.

Last Agent to Sell the Property

JB Farrell

Farrell Property Listed on: 01/12/2018

Last Buyer's Agent

Cody Akers

Rainbow Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,300

Year Built

  • Built in 1900

Lot Details

  • 6,250 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Triplex
  • Brick Foundation

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Luxury Vinyl Tile Flooring
  • Laminate Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Exterior Basement Entry

Utilities

  • Central Air
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for lawn maintenance, water
  • Assessor Parcel Number 79-07-16-829-068.000-004

Community Details

Overview

  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Maintenance Expense $2,200
  • Water Sewer Expense $600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,300

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 118
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Monon Addn Lot 86 |
  • Parcel Number ID: 79-07-16-829-068.000-004
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Countertops-Laminate
  • Sp Lp Percent: 100
  • Monthly Gross Income: 1500
  • Special Features: None

Interior Features

  • Total Sq Ft: 2576
  • Total Finished Sq Ft: 1904
  • Above Grade Finished Sq Ft: 1904
  • Below Grade Sq Ft: 672
  • Price Per Sq Ft: 39.39
  • Basement: Yes
  • Basement Foundation: Partial Basement, Walk-Out Basement, Outside Entrance Only
  • Basement Material: Brick
  • Flooring: Finished, Vinyl Tile
  • Main Level Sq Ft: 1232
  • Total Below Grade Sq Ft: 672
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Aluminum
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity, Baseboard
  • Sewer: City
  • Water Utilities: City
  • Annual Maintenance Expense: 2200
  • Annual Water Sewer Expense: 600
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50x125
  • Estimated Lot Sq Ft: 6250
  • Estimated Lot Size Acres: 0.14

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1500
  • Number Of Dryers: 2
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1300

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2018
Sold by
Driver Keenan and Akers Cody
Bought by
Hcm Properties Llc
Current Estimated Value
$182,152

Purchase Details

Listed on
Jan 12, 2018
Closed on
Apr 13, 2018
Sold by
Courtney Anthony L
Bought by
Driver Keenan and Akers Cody
Seller's Agent
JB Farrell
Farrell Property
Buyer's Agent
Cody Akers
Rainbow Realty
List Price
$75,000
Sold Price
$75,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.76%
Original Mortgage
$56,250
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2010
Sold by
Campus Living Properties Llc
Bought by
Courtney Anthony L

Purchase Details

Closed on
Aug 18, 2009
Sold by
Lafayette Savings Bank Fsb
Bought by
Campus Living Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,600
Interest Rate
5.32%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 20, 2009
Sold by
Hoffman Benjamin E
Bought by
Lafayette Savings Bank Fsb

Purchase Details

Closed on
Sep 14, 2005
Sold by
Hockema Robert C
Bought by
Hoffmann Benjamin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
5.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 22, 2004
Sold by
Bonham Daniel J
Bought by
Hockema Robert C
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
Hcm Properties Llc -- None Available
Driver Keenan -- None Available
Courtney Anthony L -- None Available
Campus Living Properties Llc -- None Available
Lafayette Savings Bank Fsb $44,000 None Available
Hoffmann Benjamin E -- Poelstra Title Company
Hockema Robert C -- Poelstra Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Driver Keenan $56,250
Previous Owner Campus Living Properties Llc $103,600
Previous Owner Hoffmann Benjamin E $78,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2018 04/26/18 Sold $75,000 0.0% $39 / Sq Ft
03/02/2018 03/02/18 Pending -- -- --
01/12/2018 01/12/18 For Sale $75,000 -- $39 / 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 $4,418 $130,700 $10,000 $120,700
2023 $1,640 $82,000 $10,000 $72,000
2022 $1,600 $80,000 $10,000 $70,000
2021 $1,568 $78,400 $10,000 $68,400
2020 $1,568 $78,400 $10,000 $68,400
2019 $1,568 $78,400 $10,000 $68,400
2018 $1,568 $78,400 $10,000 $68,400
2017 $1,526 $76,300 $10,000 $66,300
2016 $1,512 $75,580 $10,000 $65,580
2014 $1,432 $71,600 $10,000 $61,600
2013 $1,344 $67,200 $10,000 $57,200
Source: Public Records

Agents Affiliated with this Home

  • JB Farrell

    Seller's Agent in 2018

    JB Farrell

    Farrell Property

    (765) 714-1511

    15 Total Sales

    JB Farrell
    Section Image

  • C

    Buyer's Agent in 2018

    Cody Akers

    Rainbow Realty

    (765) 585-5411

    22 Total Sales

    Cody Akers
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201801414

Indiana Regional MLS

APN: 79-07-16-829-068.000-004

Indiana Tippecanoe County Lafayette 47904 Monon

2024 Monon Ave, Lafayette, IN

This home is located at 2024 Monon Ave, Lafayette, IN 47904 since 12 January 2018 and is currently estimated at $182,152, approximately $95 per square foot. This property was built in 1900. 2024 Monon Ave is a home located in Tippecanoe County with nearby schools including Vinton Elementary School, Sunnyside Intermediate School, and Lafayette Tecumseh Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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