324 N 500 W West Lafayette, IN 47906
Estimated Value: $421,808 - $488,000
4
Beds
2.5
Baths
2,304
Sq Ft
$202/Sq Ft
Est. Value
Highlights
- Heavily Wooded Lot
- Traditional Architecture
- Stone Countertops
- Fireplace in Bedroom
- Wood Flooring
- Covered patio or porch
About This Home
As of October 2022What an opportunity to own a magnificent piece of nature in a secluded forest setting just 5 miles from Purdue and the many West Lafayette amenities. This listing is for two parcels that combined are 8.5 acres. Properties of this size in a rural setting are very rare. The front portion of the property is flat then it splits, and surrounds wooded ravines and a stream. There is plenty of room for gardening and lots of opportunities to add to the landscaping with your own personal touches. You will have the opportunity to observe the wildlife that this area offers right at your back door. An oversized wooden deck in the back offers total privacy and looks out over the ravine with a brick fireplace for outdoor meal preparation and entertaining. The brick and wood house, built in 1950, offers 4 bedrooms, 2 ½ baths and a full basement. The main floor features a large living room that flows into the formal dining room and kitchen. The kitchen was recently updated with custom cabinets, stone countertops, and tiled floor. The main floor bath is a work of art and the wood paneled den complements the main floor. The basement provides lots of space for storage and one large room has an outside entrance making it a candidate for becoming an additional bedroom. The property has been well maintained over the years and has just been repainted inside and out and making it ready to move into and enjoy.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,226
Year Built
- Built in 1950
Lot Details
- 8.5 Acre Lot
- Rural Setting
- Kennel
- Split Rail Fence
- Chain Link Fence
- Landscaped
- Level Lot
- Irregular Lot
- Heavily Wooded Lot
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Driveway
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Shingle Roof
- Asphalt Roof
- Wood Siding
Interior Spaces
- 2-Story Property
- Built-in Bookshelves
- Built-In Features
- Chair Railings
- Wood Burning Fireplace
- Triple Pane Windows
- Double Pane Windows
- Insulated Windows
- Insulated Doors
- Entrance Foyer
- Living Room with Fireplace
- 2 Fireplaces
- Formal Dining Room
- Workshop
- Utility Room in Garage
- Electric Dryer Hookup
Kitchen
- Electric Oven or Range
- Stone Countertops
- Built-In or Custom Kitchen Cabinets
- Disposal
Flooring
- Wood
- Carpet
- Slate Flooring
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Fireplace in Bedroom
- Separate Shower
Attic
- Attic Fan
- Storage In Attic
- Pull Down Stairs to Attic
Partially Finished Basement
- Exterior Basement Entry
- Block Basement Construction
- 3 Bedrooms in Basement
Outdoor Features
- Covered patio or porch
Schools
- Otterbein Elementary School
- Benton Central Middle School
- Benton Central High School
Utilities
- Multiple cooling system units
- Forced Air Heating and Cooling System
- Multiple Heating Units
- Heating System Uses Wood
- Heating System Powered By Owned Propane
- Propane
- Private Company Owned Well
- Well
- Septic System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 79-06-20-426-002.000-015
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 27, 2022
Closed on
Oct 20, 2022
Sold by
Gregory J Hunt Revocable Trust
Bought by
Hunt Gregory J
Seller's Agent
David Lawson
F.C. Tucker/Shook
Buyer's Agent
Patrick Neary
F.C. Tucker/Shook
List Price
$495,000
Sold Price
$450,000
Premium/Discount to List
-$45,000
-9.09%
Total Days on Market
43
Views
37
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,603
Avg. Annual Appreciation
1.23%
Original Mortgage
$300,000
Outstanding Balance
$291,814
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$172,789
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Similar Homes in West Lafayette, IN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hunt Gregory J | $450,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hunt Gregory J | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/21/2022 10/21/22 | Sold | $450,000 | -9.1% | $195 / Sq Ft |
| 07/09/2022 07/09/22 | Pending | -- | -- | -- |
| 05/27/2022 05/27/22 | For Sale | $495,000 | -- | $215 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $1,786 | $289,700 | $50,400 | $239,300 |
| 2023 | $1,786 | $273,300 | $50,400 | $222,900 |
| 2022 | $1,675 | $239,900 | $50,400 | $189,500 |
| 2021 | $3,049 | $216,500 | $50,400 | $166,100 |
| 2020 | $2,828 | $198,400 | $50,400 | $148,000 |
| 2019 | $2,678 | $189,900 | $50,400 | $139,500 |
| 2018 | $2,304 | $167,400 | $35,400 | $132,000 |
| 2017 | $2,253 | $163,900 | $35,400 | $128,500 |
| 2016 | $2,181 | $159,700 | $35,400 | $124,300 |
| 2014 | $1,939 | $143,800 | $35,400 | $108,400 |
| 2013 | $2,032 | $142,600 | $35,400 | $107,200 |
Source: Public Records
Agents Affiliated with this Home
-
David Lawson
Seller's Agent in 2022
David Lawson
F.C. Tucker/Shook
(765) 430-4618
31 Total Sales
-
Buyer's Agent in 2022
Patrick Neary
F.C. Tucker/Shook
(765) 490-6261
Map
Source: Indiana Regional MLS
MLS Number: 202220810
APN: 79-06-20-426-002.000-015
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