NOT LISTED FOR SALE

Estimated Value: $220,000 - $224,812

4 Beds
4 Baths
2,160 Sq Ft
$103/Sq Ft Est. Value

Last Sold September 29, 2021

Last sale price $190,000 $88 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,411/month

3 Days on Market

Highlights

  • Covered patio or porch
  • Level Lot
  • 3-minute walk to Columbian Park
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

As of September 2021

Great location! Well maintained structure. Good tenants. Solid investment! Both sides leased. However, Left side temporarily vacant, because left side unit Tenant will be moving in early to mid September.

Last Listed By

Gilbert Sorola

Sorola Property Mgmt. Inc. Listed on: 08/26/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,750

Year Built

  • Built in 1970

Lot Details

  • 5,184 Sq Ft Lot
  • Lot Dimensions are 50x95
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 2,160 Sq Ft Home
  • 2-Story Property
  • Washer Hookup

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Covered patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cooling, electric, heating, water
  • The owner pays for lawn maintenance
  • Assessor Parcel Number 79-07-27-151-040.000-004

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $35
  • Insurance Expense $860
  • Maintenance Expense $2,519

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,750

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1970
  • Age: 51
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 2
  • Legal Description: BELT RAILWAY ADDN BLK 16 PT LOT 8
  • Parcel Number ID: 79-07-27-151-040.000-004
  • Platted: Yes
  • Amenities: Porch Covered, Water Heater Gas, Washer Hook-Up
  • Sp Lp Percent: 100
  • Monthly Gross Income: 1700
  • Special Features: None

Interior Features

  • Total Sq Ft: 2160
  • Total Finished Sq Ft: 2160
  • Above Grade Finished Sq Ft: 2160
  • Price Per Sq Ft: 87.96
  • Flooring: Carpet, Vinyl
  • Number Of Disposals: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 34.97
  • Annual Insurance Expense: 860
  • Annual Maintenance Expense: 2519
  • Number Of W D Hookups: 2

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50x95
  • Estimated Lot Sq Ft: 5184
  • Estimated Lot Size Acres: 0.119

Rental Info

  • Owner Pays: Lawn Maintenance
  • Tenant Pays: Cooling, Electric, Heating, Water

Multi Family

  • Gross Monthly Rent: 1700
  • Number Of Dishwashers: 2
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2021
Closed on
Sep 7, 2021
Sold by
Long Alexander C and Long Keith Melissa
Bought by
Nguyen Ha Diep
Seller's Agent
Gilbert Sorola
Sorola Property Mgmt. Inc.
Buyer's Agent
Eric Seymour
BerkshireHathaway HS IN Realty
List Price
$190,000
Sold Price
$190,000
Total Days on Market
3
Current Estimated Value
$221,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,937
Avg. Annual Appreciation
5.49%
Original Mortgage
$142,500
Outstanding Balance
$131,627
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$99,050

Purchase Details

Closed on
Sep 2, 2020
Sold by
Long Isaac E and Long Alexander C
Bought by
Long Alexander C and Long Keith Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2020
Sold by
Long Isaac E and Long Alexander C
Bought by
Long Alexander C and Long Keith Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 31, 2015
Closed on
May 23, 2016
Sold by
Brownfield Timothy N
Bought by
Long Isaac E and Long Alexander C
Seller's Agent
BECKY RISCH
Keller Williams Lafayette
Buyer's Agent
Lauren Alexander
Keller Williams Lafayette
List Price
$145,000
Sold Price
$127,000
Premium/Discount to List
-$18,000
-12.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.87%
Original Mortgage
$122,761
Interest Rate
3.58%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 5, 2001
Sold by
Kern Thomas R and Kern Michelle M
Bought by
Brownfield Timothy N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,800
Interest Rate
7.12%
Mortgage Type
Commercial

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
Nguyen Ha Diep $190,000 Metropolitan Title
Long Alexander C -- None Available
Long Alexander C -- None Available
Long Isaac E -- --
Brownfield Timothy N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Ha Diep $142,500
Previous Owner Long Alexander C $105,000
Previous Owner Long Isaac E $122,761
Previous Owner Brownfield Timothy N $1,790,000
Previous Owner Brownfield Timothy N $97,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2021 09/29/21 Sold $190,000 0.0% $88 / Sq Ft
08/29/2021 08/29/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $190,000 +49.6% $88 / Sq Ft
05/23/2016 05/23/16 Sold $127,000 -12.4% $59 / Sq Ft
01/13/2016 01/13/16 Pending -- -- --
07/31/2015 07/31/15 For Sale $145,000 -- $67 / 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 $2,164 $160,100 $18,000 $142,100
2023 $2,164 $108,200 $18,000 $90,200
2022 $2,080 $104,000 $18,000 $86,000
2021 $1,890 $94,500 $18,000 $76,500
2020 $1,750 $87,500 $18,000 $69,500
2019 $1,750 $87,500 $16,200 $71,300
2018 $1,750 $87,500 $16,200 $71,300
2017 $1,067 $87,500 $16,200 $71,300
2016 $617 $87,540 $16,200 $71,340
2014 $1,702 $85,100 $16,200 $68,900
2013 $1,684 $84,200 $16,200 $68,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202135811

Indiana Regional MLS

APN: 79-07-27-151-040.000-004