$415,000
SOLD JAN 31, 2025

304 Lafayette St Valparaiso, IN 46383

5 Beds
5 Baths
2,840 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$146 Per Sq Ft

20% Below List Price

29 Days on Market

Highlights

  • Neighborhood Views
  • 3 Car Detached Garage
  • Landscaped
  • Central Elementary School Rated A
  • Laundry Room
  • Forced Air Heating System

About This Home

As of January 2025

Well kept 5 unit apartment building just a stone's throw from Central Park in Valpo! Long term tenant histories, 3 car garage, coin op laundry in basement, formal common entry foyer accesses 4 units, 5th unit has private porch and entrance on North end of building. 4 units occupied currently, all substantially under market. This is a great long term investment!

Last Agent to Sell the Property

Jeffrey Sederberg

Evolution Real Estate Solution License #RB14026305 Listed on: 11/13/2024

Co-Listed By

ken Blaney

Evolution Real Estate Solution License #RB14050646

Last Buyer's Agent

ken Blaney

Evolution Real Estate Solution License #RB14050646

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,472

Year Built

  • Built in 1875

Lot Details

  • Landscaped

Parking

  • 3 Car Detached Garage

Home Design

  • Block Foundation
  • Stone Foundation

Interior Spaces

  • 2,840 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Basement
  • Laundry in Basement
  • Range Hood

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV, telephone, gas, electricity
  • The owner pays for common area maintenance, taxes, water, insurance, HVAC maintenance, hot water, grounds care, exterior maintenance
  • Rent includes water, sewer
  • Assessor Parcel Number 640924164004000004

Community Details

Overview

  • 5 Units
  • Powells Add Subdivision

Additional Features

  • Insurance Expense $2,101
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,472

Year Built

Built in 1875

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Year Built: 1875
  • Reso Property Sub Type: Apartment
  • ResoLaundryFeatures: In Basement, Laundry Room
  • ResoLotFeatures: Back Yard, Landscaped, Many Trees, Level, City Lot
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Reso View: Neighborhood
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Mls Id: NRA804
  • Co List Office Phone: (219) 462-0141
  • Co List Office Mls Id: NRA804
  • Subdivision Name: Powells Add
  • Above Grade Finished Sq Ft: 2840
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Financial Info Electric: Circuit Breakers, Separate Meters
  • AuctionYN: No
  • AccessibilityFeaturesYN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dryer, Washer, Refrigerator, Range Hood, Free-Standing Refrigerator, Free-Standing Gas Range
  • Interior Amenities: Eat-in Kitchen, Entrance Foyer
  • Basement: Block, Partial, Exterior Entry, Crawl Space
  • Flooring: Carpet, Varies, Vinyl, Ceramic Tile
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 5

Exterior Features

  • Exterior Features: None
  • Fencing: None
  • Acres: 0.2
  • Waterfront: No
  • Foundation Details: Block, Stone, Combination, Brick/Mortar
  • Reso Roof: Asphalt, Shingle

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Alley Access, Detached, On Street, On Site, Garage Faces Rear

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Connected, Water Connected, Natural Gas Connected, Electricity Connected
  • Cooling: None
  • Heating: Central, Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • HOA Rent Includes: Other, Water, Sewer

Schools

  • Junior High Dist: Valparaiso

Lot Info

  • Lot Dimensions: 66 X 132
  • Lot Size Sq Ft: 8712
  • Additional Parcels: No
  • Parcel #: 640924164004000004

Rental Info

  • Pets Allowed: Size Limit
  • Tenant Pays: Cable TV, Telephone, Gas, Electricity
  • Owner Pays: Common Area Maintenance, Taxes, Water, Insurance, HVAC Maintenance, Hot Water, Grounds Care, Exterior Maintenance

Tax Info

  • Year: 2023
  • Tax Annual Amount: 8472

Multi Family

  • Number Of Units Total: 5
  • Insurance Expense: 2101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2024
Closed on
Jan 31, 2025
Sold by
After Five Investments Llc
Bought by
Epic 57 Llc
Seller's Agent
Jeffrey Sederberg
Evolution Real Estate Solution
Buyer's Agent
ken Blaney
Evolution Real Estate Solution
List Price
$519,000
Sold Price
$415,000
Premium/Discount to List
-$104,000
-20.04%
Views
25
Current Estimated Value
$410,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,882
Avg. Annual Appreciation
-1.94%

Purchase Details

Closed on
Mar 31, 2016
Sold by
Emaus Mark R and Emaus Kris A
Bought by
After Five Investments Llc
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 Type Sale Price Title Company
Warranty Deed $415,000 Chicago Title
Warranty Deed -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $415,000 -3.3% $146 / Sq Ft
12/10/2024 12/10/24 Price Changed $429,000 -12.3% $151 / Sq Ft
12/02/2024 12/02/24 Price Changed $489,000 -5.8% $172 / Sq Ft
11/13/2024 11/13/24 For Sale $519,000 -- $183 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

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 $8,473 $385,300 $41,600 $343,700
2023 $8,393 $342,400 $36,300 $306,100
2022 $7,690 $312,300 $36,300 $276,000
2021 $7,031 $272,500 $36,300 $236,200
2020 $6,503 $247,800 $33,000 $214,800
2019 $6,234 $234,300 $33,000 $201,300
2018 $5,995 $225,300 $33,000 $192,300
2017 $5,918 $222,600 $33,000 $189,600
2016 $5,183 $211,200 $39,500 $171,700
2014 $4,052 $198,600 $37,300 $161,300
2013 -- $186,900 $37,500 $149,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 813267

Northwest Indiana Association of REALTORS®

APN: 64-09-24-164-004.000-004