NOT LISTED FOR SALE

223 W Lutz Ave West Lafayette, IN 47906

Estimated Value: $353,706 - $392,000

4 Beds
2 Baths
1,849 Sq Ft
$202/Sq Ft Est. Value

Last Sold September 19, 2018

Last sale price $225,000 $122 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $2,547/month

1 Day on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • Level Lot
  • West Lafayette Intermediate School Rated A+

About This Home

As of September 2018

Property has been leased through July 26,2019. There is potential to develop a small 3rd bedroom on the main floor.

Last Agent to Sell the Property

Sue O'Brien

Sue O'Brien - Titan RE Listed on: 07/23/2018

Last Buyer's Agent

Sue O'Brien

Sue O'Brien - Titan RE Listed on: 07/23/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,112

Year Built

  • Built in 1930

Lot Details

  • 5,950 Sq Ft Lot
  • Lot Dimensions are 50 x 119
  • Level Lot

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement
  • Laundry in Basement

Flooring

  • Wood
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Schools

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

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, heating
  • The owner pays for lawn maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 79-07-19-232-030.000-026

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $750
  • Maintenance Expense $2,000
  • Water Sewer Expense $1,764

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,112

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1930
  • Age: 88
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: PT E 1\2 NE 1\4 50 X 119 FT LUTZ AVE SEC 19 TWP 23 R4 |
  • Parcel Number ID: 79-07-19-232-030.000-026
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Off Street Parking, Cable Available, Water Heater Gas
  • Inside City Limits: Yes
  • Sp Lp Percent: 100
  • Annual Miscellaneous: 840
  • Monthly Gross Income: 2100
  • Year Taxes Payable: 2018
  • Special Features: None

Interior Features

  • Total Sq Ft: 2605
  • Total Finished Sq Ft: 1849
  • Above Grade Finished Sq Ft: 1849
  • Below Grade Sq Ft: 756
  • Price Per Sq Ft: 121.69
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Vinyl Tile, Wood
  • Total Below Grade Sq Ft: 756
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Window
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 750
  • Annual Maintenance Expense: 2000
  • Annual Water Sewer Expense: 1763.98
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

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: 50 x 119
  • Estimated Lot Sq Ft: 5950
  • Estimated Lot Size Acres: 0.14
  • Expiration Of Permit: 08/12/2018

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Cooling, Electric, Heating

Multi Family

  • Gross Monthly Rent: 25200
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 4112

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
Nov 15, 2021
Sold by
Ts Snoeberger Trust
Bought by
Bc Pfed 2 Llc
Current Estimated Value
$372,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,826,250
Outstanding Balance
$1,463,134
Interest Rate
2.27%
Estimated Equity
-$1,091,661

Purchase Details

Listed on
Jul 23, 2018
Closed on
Aug 10, 2018
Sold by
King William L and King Marie T
Bought by
Snoeberger Trust
Seller's Agent
Sue O'Brien
Sue O'Brien - Titan RE
Buyer's Agent
Sue O'Brien
Sue O'Brien - Titan RE
List Price
$225,000
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.50%
Original Mortgage
$168,750
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Bc Pfed 2 Llc $285,000 None Available
Snoeberger Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bc Pfed 2 Llc $1,826,250
Previous Owner Snoeberger Trust $168,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2018 09/19/18 Sold $225,000 0.0% $122 / Sq Ft
07/24/2018 07/24/18 Pending -- -- --
07/23/2018 07/23/18 For Sale $225,000 -- $122 / 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 $6,188 $261,100 $61,000 $200,100
2023 $6,413 $270,600 $61,000 $209,600
2022 $6,125 $258,900 $61,000 $197,900
2021 $5,018 $184,500 $61,000 $123,500
2020 $4,362 $184,500 $61,000 $123,500
2019 $4,362 $184,500 $61,000 $123,500
2018 $4,226 $178,300 $53,000 $125,300
2017 $4,112 $173,500 $53,000 $120,500
2016 $4,062 $171,400 $53,000 $118,400
2014 $3,948 $166,600 $48,000 $118,600
2013 $3,918 $165,300 $48,000 $117,300
Source: Public Records

Agents Affiliated with this Home

  • Sue O'Brien

    Seller's Agent in 2018

    Sue O'Brien

    Sue O'Brien - Titan RE

    (765) 426-2220

    10 in this area

    53 Total Sales

    Sue O'Brien
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Map

Source: Indiana Regional MLS

MLS Number: 201832478

Indiana Regional MLS

APN: 79-07-19-232-030.000-026

Indiana Tippecanoe County West Lafayette 47906

223 W Lutz Ave, West Lafayette, IN

This home is located at 223 W Lutz Ave, West Lafayette, IN 47906 since 23 July 2018 and is currently estimated at $372,853, approximately $201 per square foot. This property was built in 1930. 223 W Lutz Ave is a home located in Tippecanoe County with nearby schools including West Lafayette Intermediate School, West Lafayette Elementary School, and West Lafayette Junior/Senior 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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