NOT LISTED FOR SALE

Estimated Value: $153,000 - $231,184

4 Beds
2 Baths
2,880 Sq Ft
$67/Sq Ft Est. Value

Last Sold November 08, 2023

Last sale price $219,000 $76 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $1,237/month

3 Days on Market

Highlights

  • Detached Second Garage
  • Covered patio or porch
  • Landscaped
  • Wood Flooring
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of November 2023

This 4 Bedroom 2 Bathroom duplex is ready for a new owner. With nice sized units, large building space, insulated basement, one care garage, and cashflow, this is bound to catch investor's attention!. Both units has 2 bed and 1 bath and is rented through to 2024. Close proximity to downtown Lafayette and minutes to Purdue University. Located near local bus routes and conveniently located by Murdoch Elementary and Murdoch Park. Within minutes one can drive to local dining downtown and multiple convenient stores. Access to major roads and highways such as Sagamore Pkway, US52, I-65 and US231 are also within a 5-10 drive and place you in close proximity to even more shopping, restaurants as well as other various entertainment options.

Last Listed By

Ryan Griswold

Elite Property Mgmt and Realty Listed on: 10/04/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,923

Year Built

  • Built in 1930

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Landscaped
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

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

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Detached Garage
  • Detached Second Garage
  • Driveway
  • On-Street Parking

Schools

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

Utilities

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

Additional Features

  • Covered patio or porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric, heating, lawn maintenance, snow removal, deposit value
  • The owner pays for building insurance, fuel, sewer, tax, water
  • Assessor Parcel Number 79-07-21-479-008.000-004

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $565
  • Insurance Expense $963
  • Maintenance Expense $500
  • Water Sewer Expense $392

Additional Features

  • 2 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,923

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1930
  • Age: 93
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: KNIGHTS ADDN LOT 18
  • Parcel Number ID: 79-07-21-479-008.000-004
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Storage, Cable Available, Cable Ready, Landscaped, Porch Covered
  • Cross Street: Ferry Street
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Annual Miscellaneous: 200
  • Monthly Gross Income: 2325
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 3840
  • Total Finished Sq Ft: 2880
  • Above Grade Finished Sq Ft: 2880
  • Below Grade Sq Ft: 960
  • Price Per Sq Ft: 76.04
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Carpet, Wood, Vinyl
  • Total Below Grade Sq Ft: 960
  • Number Of Disposals: 1
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt, Shingle
  • Stories: 2
  • Outbuilding: 2nd Detached Garage
  • Outbuilding Sq Ft: 120

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 2
  • Parking: Garage, Street

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Cable Company: Comcast
  • Annual Fuel Expense: 565.14
  • Annual Insurance Expense: 963.14
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 392.26
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 50X140
  • Estimated Lot Sq Ft: 7000
  • Estimated Lot Size Acres: 0.16
  • Lot Number: 18

Rental Info

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

Multi Family

  • Gross Monthly Rent: 2325
  • Number Of Dishwashers: 1
  • 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: 1923.44

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2023
Closed on
Nov 8, 2023
Sold by
Noli Banda Llc
Bought by
Randall Michael E
Seller's Agent
Ryan Griswold
Elite Property Mgmt and Realty
Buyer's Agent
Amy Rollet
Trueblood Real Estate
List Price
$219,000
Sold Price
$219,000
Total Days on Market
3
Views
12
Current Estimated Value
$192,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,908
Avg. Annual Appreciation
-8.48%
Original Mortgage
$164,250
Outstanding Balance
$161,989
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$30,103

Purchase Details

Closed on
Jun 18, 2021
Sold by
Sperback Joseph A
Bought by
Noli Banda Llc

Purchase Details

Closed on
Apr 2, 2021
Sold by
Borton Nina M
Bought by
Sperback Joseph A

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
Randall Michael E $219,000 Metropolitan Title
Noli Banda Llc $183,000 Metropolitan Title
Sperback Joseph A -- Metropolitan Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Randall Michael E $164,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2023 11/08/23 Sold $219,000 0.0% $76 / Sq Ft
10/07/2023 10/07/23 Pending -- -- --
10/04/2023 10/04/23 For Sale $219,000 -- $76 / 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 $1,999 $115,600 $13,000 $102,600
2023 $1,999 $99,800 $13,000 $86,800
2022 $1,923 $96,000 $13,000 $83,000
2021 $1,832 $92,300 $13,000 $79,300
2020 $1,696 $85,500 $13,000 $72,500
2019 $1,622 $81,800 $12,000 $69,800
2018 $983 $79,000 $12,000 $67,000
2017 $941 $76,000 $12,000 $64,000
2016 $917 $74,400 $12,000 $62,400
2014 $869 $70,800 $12,000 $58,800
2013 $859 $70,100 $12,000 $58,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202336420

Indiana Regional MLS

APN: 79-07-21-479-008.000-004