NOT LISTED FOR SALE

206 E Lutz Ave West Lafayette, IN 47906

Estimated Value: $423,000 - $439,000

4 Beds
1.5 Baths
2,352 Sq Ft
$184/Sq Ft Est. Value

Last Sold November 20, 2019

Last sale price $212,500 $90 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $2,936/month

68 Days on Market

Highlights

  • Wood Flooring
  • Covered Patio or Porch
  • 2 Car Detached Garage
  • West Lafayette Intermediate School Rated A+
  • Fenced Yard
  • Bar

About This Home

As of November 2019

Great investment opportunity located in the heart of West Lafayette! Fully rented at $1660/month (lease ending July 2020) with great tenants paying all utilities. Close proximity to Purdue campus and Chauncey Hill will keep this property cash flowing for years to come. Could be maintained as a rental property or primary residence. Original hardwood floors and woodwork throughout. Large backyard, detached garage, private parking and on-street parking. Inspection Report (performed on 8/21/2019) available to all interested/qualified buyers. Property being sold As-Is. Base all offers on the provided inspection report. Buyers must show prequalification letter or proof of funds prior to showing.

Last Agent to Sell the Property

Chris Bradford

Bradford Real Estate Listed on: 08/25/2019

Last Buyer's Agent

LAF NonMember

NonMember LAF

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,663

Year Built

  • Built in 1920

Lot Details

  • 5,880 Sq Ft Lot
  • Lot Dimensions are 49x120
  • Fenced Yard
  • Wood Fence
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Bar
  • Ceiling Fan
  • Fire and Smoke Detector
  • Laminate Countertops
  • Washer Hookup

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Schools

  • Happy Hollow/Cumberland Elementary School
  • West Lafayette Middle School
  • West Lafayette High School

Utilities

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

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, fuel, heating, lawn maintenance, sewer, trash collection, water, deposit value
  • The owner pays for building insurance, maintenance
  • Assessor Parcel Number 79-07-20-105-013.000-026

Community Details

Overview

  • New Chauncey Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $2,892
  • Maintenance Expense $1,000
  • Water Sewer Expense $216

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,663

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1920
  • Age: 99
  • Style: Two Story
  • Architectural Style: Foursquare
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 1
  • Total Number of Half Bathrooms: 1
  • Legal Description: CHAUNCEY 70 X 49 FT LOT 98 & 48 X 49FT SW COR W 1\2 LOT 99
  • Parcel Number ID: 79-07-20-105-013.000-026
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Fenced Yard, Off Street Parking, Bar, Cable Ready, Countertops-Laminate, Detector-Smoke, Garage Door Opener, Patio Open, Porch Covered, Water Heater Gas, Washer Hook-Up
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 90.43
  • Monthly Gross Income: 1660
  • Year Taxes Payable: 2019
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 3432
  • Total Finished Sq Ft: 2352
  • Above Grade Finished Sq Ft: 2352
  • Below Grade Sq Ft: 1080
  • Price Per Sq Ft: 90.35
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Poured Concrete
  • Flooring: Laminate, Tile, Wood
  • Main Level Sq Ft: 1272
  • Total Below Grade Sq Ft: 1080
  • Number Of Disposals: 1
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Aluminum, Brick
  • Roof Material: Shingle
  • Fence: Wood
  • Stories: 2

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 2
  • Parking: Garage, Off Street, Paved, Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: REMC
  • Gas Company: CenterPoint Energy
  • Water Company: American Suburban Util.
  • Annual Insurance Expense: 2891.53
  • Annual Maintenance Expense: 1000
  • Annual Water Sewer Expense: 216
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

  • School District: West Lafayette Community School Corp.
  • Elementary School: Happy Hollow/Cumberland
  • Middle School: West Lafayette
  • High School: West Lafayette
  • Elementary School: Happy Hollow/Cumberland

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 49x120
  • Estimated Lot Sq Ft: 5880
  • Estimated Lot Size Acres: 0.135

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance
  • Tenant Pays: Cable, Cooling, Electric, Fuel, Heating, Lawn Maintenance, Sewer, Trash Collection, Water, Deposit Value

Tax Info

  • Total Assessed Value: 204600
  • Annual Property Tax: 4663

Multi Family

  • Gross Monthly Rent: 1660
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Number Of Washers: 1
  • Number Of 4 Bedrooms: 1
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 1

MLS Schools

  • High School: West Lafayette
  • Middle School: West Lafayette
  • School District: West Lafayette Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2023
Sold by
Awadhco Holdings Llc
Bought by
Aam Capital Llc
Current Estimated Value
$431,844

Purchase Details

Listed on
Aug 25, 2019
Closed on
Nov 20, 2019
Sold by
Kitchel Jason and Kitchel Jeremiah R
Bought by
Awadhco Holdings Llc
Seller's Agent
Chris Bradford
Bradford Real Estate
Buyer's Agent
LAF NonMember
NonMember LAF
List Price
$235,000
Sold Price
$212,500
Premium/Discount to List
-$22,500
-9.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.97%
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
Aam Capital Llc -- None Listed On Document
Awadhco Holdings Llc -- Metropolitan Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2019 11/20/19 Sold $212,500 -9.6% $90 / Sq Ft
11/01/2019 11/01/19 Pending -- -- --
08/25/2019 08/25/19 For Sale $235,000 -- $100 / 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 $7,732 $326,200 $61,000 $265,200
2023 $5,670 $239,200 $61,000 $178,200
2022 $5,670 $239,200 $61,000 $178,200
2021 $5,063 $213,600 $61,000 $152,600
2020 $4,947 $208,700 $61,000 $147,700
2019 $4,850 $204,600 $61,000 $143,600
2018 $4,663 $196,700 $46,600 $150,100
2017 $4,601 $194,100 $46,600 $147,500
2016 $4,072 $171,800 $46,600 $125,200
2014 $3,814 $160,900 $46,600 $114,300
2013 $3,783 $159,600 $46,600 $113,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201937180

Indiana Regional MLS

APN: 79-07-20-105-013.000-026