205 S 6th St Lafayette, IN 47901
Ellsworth Romig NeighborhoodEstimated Value: $159,000 - $186,000
4
Beds
2
Baths
2,246
Sq Ft
$77/Sq Ft
Est. Value
Highlights
- Forced Air Heating System
- Level Lot
- Carpet
- Ceiling Fan
- Wood Siding
About This Home
As of August 2022Fantastic investment opportunity in downtown! Income-producing duplex with 2 bedroom, 1 bath units offering off-street parking at a convenient location with mature trees and walking distance to all downtown has to offer. Each unit features a living and dining space which opens to the kitchen, one bedroom and an updated bathroom on the main floor, as well as a spacious primary bedroom located upstairs. Unit 207 has a washer and dryer included and a new refrigerator was installed in 2021. Unit 205 includes washer/dryer hookup in the unit. Both homes received a new furnace and new water heater in 2021. Low maintenance laminate flooring, included appliances, and ample closet space add to the overall good condition. 207 is currently rented to multi-year tenant for $735 per month plus utilities while 205 is currently listed for rent at $900 per month plus utilities. Inspections are welcome, but property is being sold AS-IS.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,511
Year Built
- Built in 1890
Lot Details
- 6,273 Sq Ft Lot
- Lot Dimensions are 66x95
- Level Lot
Home Design
- Duplex
- Shingle Roof
- Wood Siding
- Vinyl Construction Material
Interior Spaces
- 2,246 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Laminate Countertops
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Basement
- Block Basement Construction
- Crawl Space
Parking
- 4 Parking Spaces
- Driveway
- Off-Street Parking
Location
- Suburban Location
Schools
- Thomas Miller Elementary School
- Sunnyside/Tecumseh Middle School
- Jefferson High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable, electric, fuel, sewer, trash collection, water
- The owner pays for building insurance, lawn maintenance
- Assessor Parcel Number 79-07-29-230-012.000-004
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $1,595
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 7, 2022
Closed on
Aug 17, 2022
Sold by
Packline Properties Llc
Bought by
Fry John
Seller's Agent
Joe Stanis
F.C. Tucker/Shook
Buyer's Agent
Travis Meyer
Keller Williams Lafayette
List Price
$174,500
Sold Price
$164,500
Premium/Discount to List
-$10,000
-5.73%
Total Days on Market
14
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
$9,059
Avg. Annual Appreciation
1.97%
Original Mortgage
$123,375
Outstanding Balance
$118,765
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$54,794
Purchase Details
Closed on
May 29, 2018
Sold by
M & Ml Solutions Llc
Bought by
Packline Properties Llc
Purchase Details
Closed on
Oct 5, 2016
Sold by
Altepeter James C and Altepeter Patricia J
Bought by
M & Ml Solutions Llc
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 |
|---|---|---|---|
| Fry John | -- | None Listed On Document | |
| Packline Properties Llc | -- | None Available | |
| M & Ml Solutions Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fry John | $123,375 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/18/2022 08/18/22 | Sold | $164,500 | -5.7% | $73 / Sq Ft |
| 07/21/2022 07/21/22 | Pending | -- | -- | -- |
| 07/18/2022 07/18/22 | For Sale | $174,500 | 0.0% | $78 / Sq Ft |
| 07/11/2022 07/11/22 | Pending | -- | -- | -- |
| 07/07/2022 07/07/22 | For Sale | $174,500 | -- | $78 / 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 | $1,814 | $119,500 | $13,000 | $106,500 |
| 2023 | $1,814 | $90,600 | $13,000 | $77,600 |
| 2022 | $1,737 | $86,700 | $13,000 | $73,700 |
| 2021 | $1,511 | $75,400 | $13,000 | $62,400 |
| 2020 | $1,163 | $58,000 | $13,000 | $45,000 |
| 2019 | $1,163 | $58,000 | $20,000 | $38,000 |
| 2018 | $1,151 | $57,400 | $20,000 | $37,400 |
| 2017 | $1,120 | $55,900 | $20,000 | $35,900 |
| 2016 | $1,110 | $55,350 | $20,000 | $35,350 |
| 2014 | $1,064 | $53,100 | $20,000 | $33,100 |
| 2013 | $1,008 | $50,300 | $20,000 | $30,300 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Stanis
Seller's Agent in 2022
Joe Stanis
F.C. Tucker/Shook
(765) 404-7023
3 in this area
35 Total Sales
-
Travis Meyer
T
Buyer's Agent in 2022
Travis Meyer
Keller Williams Lafayette
1 in this area
50 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202227644
APN: 79-07-29-230-012.000-004
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