203 Lincoln St Lafayette, IN 47904
Columbian Park Neighborhood
8
Beds
2
Baths
2,788
Sq Ft
7,405
Sq Ft Lot
About This Home
As of March 2024This spacious duplex comes with 4 bedrooms 1 bathroom and a Basement on each unit for a total of 8 bedrooms and 2788 square feet. Both units have New Paint, New flooring, New appliances, New bathroom and more! One side is rented for $1600 and all utilities has its own meter for each unit. Including water! With the other side freshly renovated we are confident we can get $1600 for the other side as well. HUD has approved this pricing as well so it is safe to say this building can potentially bring $3200 a month in gross rent. Return on investment are estimates based on the rent and the few months this owner has possessed the building.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,196
Year Built
- Built in 1901
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 72 x 91
Home Design
- Duplex
- Shingle Roof
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Partially Finished Basement
- Block Basement Construction
- Fire and Smoke Detector
- Washer Hookup
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 2 Full Bathrooms
Parking
- 2 Parking Spaces
- Off-Street Parking
Location
- Suburban Location
Schools
- Murdock Elementary School
- Sunnyside/Tecumseh Middle School
- Jefferson High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable, electric, heating, sewer, water
- The owner pays for building insurance, lawn maintenance, maintenance, tax
- Assessor Parcel Number 79-07-28-205-002.000-004
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $150
- Maintenance Expense $500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 24, 2024
Closed on
Mar 28, 2024
Sold by
Midwest Paradise Prop Ii Llc
Bought by
North Palisade Propert Y In Llc
Seller's Agent
Ryan Griswold
Elite Property Mgmt and Realty
Buyer's Agent
Ryan Griswold
Elite Property Mgmt and Realty
List Price
$269,000
Sold Price
$245,000
Premium/Discount to List
-$24,000
-8.92%
Views
12
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
-$7,876
Avg. Annual Appreciation
-6.94%
Original Mortgage
$183,750
Outstanding Balance
$181,847
Interest Rate
6.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
$39,364
Purchase Details
Listed on
Oct 13, 2023
Closed on
Nov 15, 2023
Sold by
Harry A Cole Revocable Living Trust
Bought by
Midwest Paradise Properties Ii Llc
Seller's Agent
Calvin Dykhuizen
Trueblood Real Estate
Buyer's Agent
Ryan Griswold
Elite Property Mgmt and Realty
List Price
$165,000
Sold Price
$165,000
Views
4
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
199.84%
Purchase Details
Closed on
Aug 10, 2015
Sold by
Cole Harry A
Bought by
Cole Trust
Purchase Details
Closed on
Jul 30, 2004
Sold by
Warren R Keith and Warren Margaret L
Bought by
Cole Harry A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,250
Interest Rate
8.65%
Mortgage Type
Commercial
Similar Home in Lafayette, IN
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $245,000 | Metropolitan Title | |
| Deed | $165,000 | None Listed On Document | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $183,750 | Credit Line Revolving | |
| Previous Owner | $103,415 | New Conventional | |
| Previous Owner | $103,452 | New Conventional | |
| Previous Owner | $121,500 | Commercial | |
| Previous Owner | $119,250 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/28/2024 03/28/24 | Sold | $245,000 | -8.9% | $88 / Sq Ft |
| 02/24/2024 02/24/24 | Pending | -- | -- | -- |
| 02/24/2024 02/24/24 | For Sale | $269,000 | +63.0% | $96 / Sq Ft |
| 11/17/2023 11/17/23 | Sold | $165,000 | 0.0% | $59 / Sq Ft |
| 10/13/2023 10/13/23 | Pending | -- | -- | -- |
| 10/13/2023 10/13/23 | For Sale | $165,000 | -- | $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 | $2,620 | $131,000 | $18,000 | $113,000 |
| 2023 | $2,284 | $114,200 | $18,000 | $96,200 |
| 2022 | $2,196 | $109,800 | $18,000 | $91,800 |
| 2021 | $1,996 | $99,800 | $18,000 | $81,800 |
| 2020 | $1,996 | $99,800 | $18,000 | $81,800 |
| 2019 | $1,996 | $99,800 | $15,000 | $84,800 |
| 2018 | $1,938 | $96,900 | $15,000 | $81,900 |
| 2017 | $1,886 | $94,300 | $15,000 | $79,300 |
| 2016 | $1,854 | $92,660 | $15,000 | $77,660 |
| 2014 | $1,754 | $87,700 | $15,000 | $72,700 |
| 2013 | $1,642 | $82,100 | $15,000 | $67,100 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Griswold
Seller's Agent in 2024
Ryan Griswold
Elite Property Mgmt and Realty
(765) 426-5502
6 in this area
102 Total Sales
-
Calvin Dykhuizen
Seller's Agent in 2023
Calvin Dykhuizen
Trueblood Real Estate
(765) 426-3928
10 in this area
161 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202405843
APN: 79-07-28-205-002.000-004
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