NOT LISTED FOR SALE

2436 Wallace Ave Lafayette, IN 47904

Columbian Park Neighborhood

Estimated Value: $177,000 - $226,000

4 Beds
2 Baths
2,344 Sq Ft
$89/Sq Ft Est. Value

Last Sold October 05, 2023

Last sale price $205,000 $87 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,221/month

Highlights

  • Traditional Architecture
  • Forced Air Heating and Cooling System
  • Level Lot
  • Eat-In Kitchen
  • Ceiling Fan
  • 2-minute walk to Columbian Park

About This Home

As of October 2023

Duplex home in PRIME LOCATION -- right across the street from Columbian Park! Large, tree-lined corner lot. Main floor apartment is completely renovated with new flooring, windows, nice kitchen & nook, 2 living rooms, 2 beds and 1 bath, and nice covered front porch. Upstairs apartment also has 2 spacious bedrooms and 1 bath, with access to a large storage space on main floor. Both units have a washer/dryer set. The home has 2 brand new furnace systems & water heaters. Well maintained investment property! This duplex has excellent cash-flow potential! And in a perfect location!

Last Agent to Sell the Property

Rebecca Gibson

Raeco Realty Listed on: 09/07/2023

Last Buyer's Agent

Shane Childers

Keller Williams Lafayette

Keller Williams Lafayette

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,178

Year Built

  • Built in 1925

Lot Details

  • 6,273 Sq Ft Lot
  • Lot Dimensions are 65x74
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,344 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Laminate Flooring
  • Unfinished Basement
  • Block Basement Construction

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Location

  • Suburban Location

Schools

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

Utilities

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

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 79-07-28-278-001.000-004

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,062
  • Trash Expense $45
  • Water Sewer Expense $45

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,178

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1925
  • Age: 98
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: BELT RY ADDN 10 FT NE SIDE LOT 8& ALL LOT 9 BLK 29
  • Parcel Number ID: 79-07-28-278-001.000-004
  • Platted: Yes
  • Amenities: Ceiling Fan, Cable Available, Countertops-Laminate, Eat-In Kitchen
  • Location: City/Town/Suburb
  • Sp Lp Percent: 105.13
  • Monthly Gross Income: 200
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 2344
  • Total Finished Sq Ft: 2344
  • Above Grade Finished Sq Ft: 2344
  • Price Per Sq Ft: 87.46
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Basement Material: Block
  • Flooring: Laminate
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Stories: 1.5

Garage/Parking

  • Parking: Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1062
  • Annual Trash Expense: 45
  • Annual Water Sewer Expense: 45
  • Number Of W D Hookups: 2

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 65x74
  • Estimated Lot Sq Ft: 6273
  • Estimated Lot Size Acres: 0.144

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 2000
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 2178

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2024
Sold by
Stahlnecker Devin R and Coleman Hailey R
Bought by
Union Lake Holdings Llc
Current Estimated Value
$207,595

Purchase Details

Listed on
Sep 7, 2023
Closed on
Oct 5, 2023
Sold by
Hms Property Llc
Bought by
Stahlnecker Devin R and Coleman Hailey R
Seller's Agent
Rebecca Gibson
Raeco Realty
Buyer's Agent
Shane Childers
Keller Williams Lafayette
List Price
$195,000
Sold Price
$205,000
Premium/Discount to List
$10,000
5.13%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.04%
Original Mortgage
$201,286
Interest Rate
7.75%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 23, 2016
Closed on
Jan 20, 2017
Sold by
Wilhoite Daniel E and Wilhoite Carol Y
Bought by
Hms Property Llc
Seller's Agent
Gary Thompson
Keller Williams Lafayette
Buyer's Agent
Meg Howlett
F.C. Tucker/Shook
List Price
$89,000
Sold Price
$83,000
Premium/Discount to List
-$6,000
-6.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.43%
Source: Public Records

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Range of Values:

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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
Union Lake Holdings Llc -- Metropolitan Title
Union Lake Holdings Llc $220,000 Metropolitan Title
Stahlnecker Devin R $205,000 Metropolitan Title
Hms Property Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stahlnecker Devin R $7,536
Previous Owner Stahlnecker Devin R $201,286
Previous Owner Wilhoite Daniel E $64,725
Previous Owner Wilhoite Daniel E $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2023 10/05/23 Sold $205,000 +5.1% $87 / Sq Ft
09/07/2023 09/07/23 Pending -- -- --
09/07/2023 09/07/23 For Sale $195,000 +134.9% $83 / Sq Ft
01/20/2017 01/20/17 Sold $83,000 -6.7% $49 / Sq Ft
12/16/2016 12/16/16 Pending -- -- --
09/23/2016 09/23/16 For Sale $89,000 -- $52 / 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 $1,423 $143,200 $18,000 $125,200
2023 $1,423 $113,300 $18,000 $95,300
2022 $2,178 $108,900 $18,000 $90,900
2021 $1,980 $99,000 $18,000 $81,000
2020 $1,920 $96,000 $18,000 $78,000
2019 $1,920 $96,000 $24,300 $71,700
2018 $1,864 $93,200 $24,300 $68,900
2017 $1,814 $90,700 $24,300 $66,400
2016 $1,796 $89,790 $24,300 $65,490
2014 $1,706 $85,300 $24,300 $61,000
2013 $1,640 $82,000 $24,300 $57,700
Source: Public Records

Agents Affiliated with this Home

  • Rebecca Gibson

    Seller's Agent in 2023

    Rebecca Gibson

    Raeco Realty

    (765) 586-0973

    8 in this area

    327 Total Sales

    Rebecca Gibson
    Section Image
  • Shane Childers

    Buyer's Agent in 2023

    Shane Childers

    Keller Williams Lafayette

    (765) 413-6046

    3 in this area

    52 Total Sales

    Shane Childers
    Section Image

  • G

    Seller's Agent in 2017

    Gary Thompson

    Keller Williams Lafayette

  • Meg Howlett

    Buyer's Agent in 2017

    Meg Howlett

    F.C. Tucker/Shook

    (765) 414-6531

    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202332388

Indiana Regional MLS

APN: 79-07-28-278-001.000-004

Indiana Tippecanoe County Lafayette 47904 Columbian Park

2436 Wallace Ave, Lafayette, IN

This home is located at 2436 Wallace Ave, Lafayette, IN 47904 since 07 September 2023 and is currently estimated at $207,595, approximately $88 per square foot. This property was built in 1925. 2436 Wallace Ave is a home located in Tippecanoe County with nearby schools including Murdock 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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