NOT LISTED FOR SALE

Estimated Value: $222,415 - $326,000

4 Beds
4 Baths
2,682 Sq Ft
$99/Sq Ft Est. Value

Last Sold October 15, 2018

Last sale price $192,000 $72 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,762/month

6 Days on Market

Highlights

  • Covered patio or porch
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Fenced Yard
  • Laundry in Utility Room
  • Level Lot

About This Home

As of October 2018

Secured, reliable tenants in this duplex on the south side of Lafayette. Great investment opportunity. All appliances stay in duplex including washer/dryer. Side A has 2 bedrooms & 2 full baths at approx 1143 SF. It is currently rented at $895/mo with lease extension until 1/31/19. Same renter for 2+ years. Side B is larger at 1539 SF and has 3 bedrooms, 2 full baths. It has been rented with same renter for 3 years and has a current rent of $1095/month. Lease expiration of 2/28/19. Each side has their own 1 car attached garage. HOA of $120 per year is currently covered by owner. Tenants pay all utilities including trash, water & sewer. Leases on file in listing office. *Unit 2111 Bridgewater Circle also available*

Last Agent to Sell the Property

Cathy Russell

@properties Listed on: 08/17/2018

@properties

Last Buyer's Agent

JB Farrell

Farrell Property

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,840

Year Built

  • Built in 1997

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 148x80
  • Fenced Yard
  • Property is Fully Fenced
  • Level Lot

HOA Fees

  • $10 Monthly HOA Fees

Home Design

  • Duplex
  • Planned Development
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2,682 Sq Ft Home
  • 1-Story Property
  • Screen For Fireplace
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Washer Hookup

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

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, snow removal, trash collection, water, deposit value
  • The owner pays for association dues, building insurance, maintenance, tax
  • Assessor Parcel Number 79-11-09-276-025.000-032

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $856

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,840

Year Built

Built in 1997

Lot Details

0

HOA Fees

$10 per month

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1997
  • Age: 21
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: MILL CREEK SD PH 1 LOT 117 ANNEXED FROM 142-00413-0444 |
  • Parcel Number ID: 79-11-09-276-025.000-032
  • Platted: Yes
  • Amenities: Fenced Yard, Fireplace, Cable Available, Countertops-Laminate, Fireplace Screen/Door, Garage Door Opener, Patio Open, Porch Covered, Water Heater Gas, Washer Hook-Up
  • Cross Street: S 18th St
  • Location: City/Town/Suburb
  • Planned Unit Dev: Yes
  • Section Number: 1
  • Sp Lp Percent: 96.48
  • State Id: 160164021260
  • Monthly Gross Income: 1990
  • Special Features: None

Interior Features

  • Total Sq Ft: 2682
  • Total Finished Sq Ft: 2682
  • Above Grade Finished Sq Ft: 2682
  • Price Per Sq Ft: 71.59
  • Basement Foundation: Slab
  • Flooring: Carpet, Vinyl
  • Number Of Disposals: 2
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick, Vinyl
  • Fence: Full
  • Stories: 1

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 4
  • Parking: Garage

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 856
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Association Fees: 120
  • Association Fees Frequency: Annually
  • Common Amenities: Sidewalks
  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 148x80
  • Estimated Lot Sq Ft: 11840
  • Estimated Lot Size Acres: 0.271
  • Lot Number: 117

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1990
  • Number Of Dishwashers: 2
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2840

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2019
Sold by
Andrade Shephen and Andrade Tamia A
Bought by
Cardinal Rental Properties Llc
Total Days on Market
6
Current Estimated Value
$266,104

Purchase Details

Listed on
Aug 17, 2018
Closed on
Oct 16, 2018
Sold by
Brown Wayne B and Brown Carolyn R
Bought by
Andrade Stephen and Andrade Tami A
Seller's Agent
Cathy Russell
@properties
Buyer's Agent
JB Farrell
Farrell Property
List Price
$199,000
Sold Price
$192,000
Premium/Discount to List
-$7,000
-3.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.26%
Original Mortgage
$140,250
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2006
Sold by
Omalley & Omalley Llc
Bought by
Brown Wayne B and Brown Carolyn R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,150
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2003
Sold by
Omalley M Shane and Michael Omalley R
Bought by
Omalley & Omalley Llc

Purchase Details

Closed on
Sep 26, 2003
Sold by
Moore Chris L
Bought by
Omalley R Michael
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
Cardinal Rental Properties Llc -- None Available
Andrade Stephen -- None Available
Brown Wayne B -- None Available
Omalley & Omalley Llc -- --
Omalley R Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Andrade Stephen $140,250
Previous Owner Brown Wayne B $121,150
Previous Owner Brown Wayne B $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2018 10/15/18 Sold $192,000 -3.5% $72 / Sq Ft
08/23/2018 08/23/18 Pending -- -- --
08/17/2018 08/17/18 For Sale $199,000 -- $74 / 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 $3,172 $220,500 $22,500 $198,000
2023 $3,172 $158,600 $22,500 $136,100
2022 $3,172 $158,600 $22,500 $136,100
2021 $3,050 $152,500 $22,500 $130,000
2020 $3,050 $152,500 $22,500 $130,000
2019 $3,050 $152,500 $22,500 $130,000
2018 $2,940 $147,000 $22,500 $124,500
2017 $2,840 $142,000 $30,000 $112,000
2016 $2,812 $140,630 $30,000 $110,630
2014 $2,750 $137,500 $22,500 $115,000
2013 $2,720 $136,000 $22,500 $113,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201837119

Indiana Regional MLS

APN: 79-11-09-276-025.000-032