NOT LISTED FOR SALE

225 S 4th St Lafayette, IN 47901

Ellsworth Romig Neighborhood

Estimated Value: $202,084 - $304,000

7 Beds
4 Baths
1,978 Sq Ft
$129/Sq Ft Est. Value

Last Sold June 16, 2017

Last sale price $122,500 $62 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $1,598/month

Highlights

  • Detached Second Garage
  • Central Air
  • Carpet
  • Laundry in Utility Room
  • Level Lot
  • 3-minute walk to South Tipp Park

About This Home

As of June 2017

Great investment opportunity with three units. Two units are 2 bedroom, 1 bathroom. One unit is 3 bedroom, 2 bathroom. Large garage for storage.

Last Listed By

Cody Akers

Rainbow Realty Listed on: 04/24/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,672

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50'x132'
  • Level Lot

Home Design

  • Triplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Crawl Space
  • Laundry in Utility Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Detached Second Garage
  • Off-Street Parking

Utilities

  • Central Air
  • Window Unit Cooling System

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for tax, water
  • Assessor Parcel Number 79-07-29-210-007.000-004

Community Details

Overview

  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $600
  • Maintenance Expense $1,000
  • Water Sewer Expense $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,672

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 117
  • Style: Two Story
  • Bedrooms: 7
  • Number Above Grade Bedrooms: 7
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: ROMIGS ADDN LOT 39
  • Parcel Number ID: 79-07-29-210-007.000-004
  • Platted: Yes
  • Amenities: Off Street Parking
  • Sp Lp Percent: 94.23
  • Annual Miscellaneous: 500
  • Monthly Gross Income: 1905
  • Special Features: None

Interior Features

  • Total Sq Ft: 2538
  • Total Finished Sq Ft: 1978
  • Above Grade Finished Sq Ft: 1978
  • Below Grade Sq Ft: 560
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 560
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 2
  • Outbuilding: 2nd Detached Garage
  • Outbuilding Sq Ft: 1920

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Electricity
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 600
  • Annual Maintenance Expense: 1000
  • Annual Water Sewer Expense: 2000
  • Number Electric Meters: 3
  • Number Gas Meters: 1
  • Number Of W D Hookups: 3
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50'x132'
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Tax, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 1905
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of2 Bedrooms: 2
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1672

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2017
Closed on
Jun 16, 2017
Sold by
Drak Properties Llc
Bought by
Brownstone Dev P2 Llc
Seller's Agent
Cody Akers
Rainbow Realty
Buyer's Agent
Stephen Toyra
FRG Lafayette LLC
List Price
$130,000
Sold Price
$122,500
Premium/Discount to List
-$7,500
-5.77%
Total Days on Market
0
Current Estimated Value
$255,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,771
Avg. Annual Appreciation
9.04%

Purchase Details

Listed on
Feb 10, 2015
Closed on
Mar 31, 2015
Sold by
Wilhelm Properties I Llc
Bought by
Drak Properties Llc
Seller's Agent
Matt Akers
Rainbow Realty
Buyer's Agent
LAF NonMember
NonMember LAF
List Price
$280,000
Sold Price
$270,000
Premium/Discount to List
-$10,000
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-30.07%
Original Mortgage
$318,000
Interest Rate
3.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 10, 2015
Closed on
Mar 30, 2015
Sold by
Wilhelm Properties I Llc
Bought by
Drak Properties Llc
Seller's Agent
Matt Akers
Rainbow Realty
Buyer's Agent
LAF NonMember
NonMember LAF
List Price
$280,000
Sold Price
$270,000
Premium/Discount to List
-$10,000
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
3.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2011
Sold by
Wilhelm Anthony L
Bought by
Wilhelm Properties I Llc

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
Brownstone Dev P2 Llc -- --
Drak Properties Llc $54,000 --
Drak Properties Llc $54,000 --
Drak Properties Llc -- --
Wilhelm Properties I Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Brownstone Dev P2 Llc $42,000
Closed Brownstone Development P2 Llc $181,305
Previous Owner Drak Properties Llc $318,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2017 06/16/17 Sold $122,500 -5.8% $62 / Sq Ft
04/24/2017 04/24/17 Pending -- -- --
04/24/2017 04/24/17 For Sale $130,000 -51.9% $66 / Sq Ft
03/31/2015 03/31/15 Sold $270,000 -3.6% $31 / Sq Ft
02/12/2015 02/12/15 Pending -- -- --
02/10/2015 02/10/15 For Sale $280,000 -- $32 / 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 $2,108 $229,800 $13,000 $216,800
2023 $2,108 $105,400 $13,000 $92,400
2022 $2,018 $100,900 $13,000 $87,900
2021 $2,104 $87,700 $13,000 $74,700
2020 $1,754 $87,700 $13,000 $74,700
2019 $1,754 $87,700 $10,000 $77,700
2018 $1,736 $86,800 $10,000 $76,800
2017 $1,690 $84,500 $10,000 $74,500
2016 $1,672 $83,640 $10,000 $73,640
2014 $1,590 $79,500 $10,000 $69,500
2013 $1,488 $74,400 $10,000 $64,400
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Cody Akers

    Rainbow Realty

    (765) 585-5411

    26 Total Sales

    Cody Akers
    Section Image

  • S

    Buyer's Agent in 2017

    Stephen Toyra

    FRG Lafayette LLC

  • Matt Akers

    Seller's Agent in 2015

    Matt Akers

    Rainbow Realty

    (765) 585-0439

    100 Total Sales

    Matt Akers
    Section Image

  • L

    Buyer's Agent in 2015

    LAF NonMember

    NonMember LAF

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201717335

Indiana Regional MLS

APN: 79-07-29-210-007.000-004

Indiana Tippecanoe County Lafayette 47901 Ellsworth Romig

225 S 4th St, Lafayette, IN

Homes for Sale in Lafayette, IN

This home is located at 225 S 4th St, Lafayette, IN 47901 since 24 April 2017 and is currently estimated at $255,271, approximately $129 per square foot. This property was built in 1900. 225 S 4th St is a home located in Tippecanoe County with nearby schools including Thomas Miller Elementary School, Sunnyside Intermediate School, and Lafayette Tecumseh Junior 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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