NOT LISTED FOR SALE

Estimated Value: $171,000 - $182,000

3 Beds
3 Baths
1,484 Sq Ft
$118/Sq Ft Est. Value

Last Sold October 10, 2024

Last sale price $180,000 $121 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $1,099/month

102 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Level Lot
  • Fenced Yard
  • Baseboard Heating
  • 1-Story Property

About This Home

As of October 2024

Check out this 3-unit building which has excellent cash flow. Each unit is a one-bedroom apartment. The tenants pay their own gas and electric. The landlord pays taxes, insurance, city water, city sewer, city trash, lawn maintenance, and snow removal. Unit one has a new central furnace and new central air conditioning. Units 2 and 3 have wall mounted gas space heaters and window air conditioners. Green Energy Efficient: Energy Efficient: Windows, Energy Efficient Win/Doors: Insulated Glass Windows. Inspections are welcome, but property is being sold "as is."

Last Listed By

Jason Conley

Raeco Realty Listed on: 06/03/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,460

Year Built

  • Built in 1900

Lot Details

  • 4,182 Sq Ft Lot
  • Lot Dimensions are 52x81
  • Fenced Yard
  • Wood Fence
  • Chain Link Fence
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Converted Dwelling
  • Shingle Roof

Interior Spaces

  • 1-Story Property
  • Insulated Windows
  • Fire and Smoke Detector
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Block Basement Construction
  • Crawl Space

Schools

  • Vinton Elementary School
  • Sunnyside/Tecumseh Middle School
  • Jefferson High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Energy-Efficient Doors
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, electric, fuel, heating
  • The owner pays for building insurance, lawn maintenance, maintenance, sewer, snow removal, tax, trash collection, water
  • Assessor Parcel Number 79-07-16-825-030.000-004

Community Details

Overview

  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,460

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 124
  • Style: One Story
  • Architectural Style: Converted House
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: F W WARDS SD LOT 2 & 2 FT S SIDE LOT 1 & PT VAC ALLEY & 6' ENTIRE N END LOT 3 BEING PT VAC ALLEY
  • Parcel Number ID: 79-07-16-825-030.000-004
  • Platted: Yes
  • Amenities: Fenced Yard, Cable Ready, Countertops-Laminate, Detector-Smoke, Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 90.05
  • Monthly Gross Income: 2195
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 1784
  • Total Finished Sq Ft: 1484
  • Above Grade Finished Sq Ft: 1484
  • Below Grade Sq Ft: 300
  • Price Per Sq Ft: 121.29
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Wood, Vinyl
  • Total Below Grade Sq Ft: 300
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Shingle
  • Fence: Chain Link, Wood
  • Stories: 1

Garage/Parking

  • Parking: Street

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Gas, Baseboard, Forced Air, Wall Heater
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Cable Company: Comcast
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 52x81
  • Estimated Lot Sq Ft: 4182
  • Estimated Lot Size Acres: 0.096

Green Features

  • Energy Efficient: Doors
  • Energy Efficient Windows/Doors: Insulated Glass Windows

Rental Info

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

Multi Family

  • Gross Monthly Rent: 2195
  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 3
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1460

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2024
Closed on
Oct 10, 2024
Sold by
Emulous Properties Llc
Bought by
Gom Rentals Llc
Seller's Agent
Jason Conley
Raeco Realty
Buyer's Agent
Jason Conley
Raeco Realty
List Price
$204,900
Sold Price
$180,000
Premium/Discount to List
-$24,900
-12.15%
Total Days on Market
102
Views
157
Current Estimated Value
$175,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,461
Avg. Annual Appreciation
-4.38%
Original Mortgage
$126,000
Outstanding Balance
$124,410
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$51,129

Purchase Details

Closed on
Apr 26, 2024
Sold by
Shilo Rentals Llc
Bought by
Emulous Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.74%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 22, 2020
Closed on
Jul 31, 2020
Sold by
Lorton William Paul and Lorton Mary Jane
Bought by
Shilo Rentals Llc
Seller's Agent
Dan Hartley
Keller Williams Lafayette
Buyer's Agent
Josh Shives
Raeco Realty
List Price
$69,900
Sold Price
$80,150
Premium/Discount to List
$10,250
14.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.94%

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
Gom Rentals Llc $180,000 Columbia Title
Emulous Properties Llc -- Columbia Title
Shilo Rentals Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gom Rentals Llc $126,000
Previous Owner Emulous Properties Llc $140,000
Previous Owner Shilo Rentals Llc $70,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2024 10/10/24 Sold $180,000 -10.0% $121 / Sq Ft
06/14/2024 06/14/24 Price Changed $199,900 -2.4% $135 / Sq Ft
06/03/2024 06/03/24 For Sale $204,900 +155.6% $138 / Sq Ft
07/31/2020 07/31/20 Sold $80,150 +14.7% $54 / Sq Ft
06/25/2020 06/25/20 Pending -- -- --
06/22/2020 06/22/20 For Sale $69,900 -- $47 / 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 $1,460 $112,000 $7,500 $104,500
2023 $1,460 $73,000 $10,000 $63,000
2022 $1,424 $71,200 $10,000 $61,200
2021 $1,676 $69,800 $10,000 $59,800
2020 $1,396 $69,800 $10,000 $59,800
2019 $1,396 $69,800 $10,000 $59,800
2018 $1,396 $69,800 $10,000 $59,800
2017 $1,358 $67,900 $10,000 $57,900
2016 $1,344 $67,220 $10,000 $57,220
2014 $1,274 $63,700 $10,000 $53,700
2013 $1,192 $59,600 $10,000 $49,600
Source: Public Records

Agents Affiliated with this Home

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Source: Indiana Regional MLS

MLS Number: 202419924

Indiana Regional MLS

APN: 79-07-16-825-030.000-004