NOT LISTED FOR SALE

40 S 550 E Lafayette, IN 47905

Estimated Value: $199,727 - $244,000

2 Beds
1 Bath
960 Sq Ft
$229/Sq Ft Est. Value

Last Sold March 16, 2020

Last sale price $135,000 $141 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $1,387/month

323 Days on Market

Highlights

  • Ranch Style House
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Wyandotte Elementary School Rated A-
  • Eat-In Kitchen
  • Lot Has A Rolling Slope

About This Home

As of March 2020

Nice investment property with 1 acre close to town (just down from Meijer, across from Faith Church). Back on market with new furnace, new hot water heater, all new kitchen, new flooring and more! ...this is a great buy with all these brand new improvements!

Last Agent to Sell the Property

Catherine Yeoman-Stetler

Nightingale Real Estate Listed on: 03/27/2019

Last Buyer's Agent

Kat Snethen

F.C. Tucker/Shook

F.C. Tucker/Shook

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,262

Year Built

  • Built in 1957

Lot Details

  • 1.16 Acre Lot
  • Rural Setting
  • Lot Has A Rolling Slope

Parking

  • 1 Car Attached Garage
  • Gravel Driveway

Home Design

  • Ranch Style House
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 960 Sq Ft Home
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Wyandotte Elementary School
  • East Tippecanoe Middle School
  • William Henry Harrison High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 79-08-30-126-007.000-009

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,262

Year Built

Built in 1957

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1957
  • Age: 63
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 5
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Pt N End NE NW Sec 30 Twp 23 R3 1.168A Tract 8
  • Parcel Number ID: 79-08-30-126-007.000-009
  • Platted: Yes
  • Amenities: Deck Open, Detector-Smoke, Disposal, Eat-In Kitchen
  • Location: Rural
  • Sp Lp Percent: 93.1
  • County Zoning: Unknown
  • Year Taxes Payable: 2018
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 960
  • Total Finished Sq Ft: 960
  • Above Grade Finished Sq Ft: 960
  • Price Per Sq Ft: 140.63
  • Basement Foundation: Crawl
  • Flooring: Carpet, Vinyl
  • Living Great Room: Dimensions: 19x13, On Level: Main
  • Kitchen: Dimensions: 10x17, On Level: Main
  • Bedroom 1: Dimensions: 10x12, On Level: Main
  • Bedroom 2: Dimensions: 11x9, On Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Outbuilding1: Shed, Dimensions: 12x20

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Attached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 18x24
  • Garage Sq Ft: 432
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Well Type: Private

Schools

  • School District: Tippecanoe School Corp.
  • Elementary School: Wyandotte
  • Middle School: East Tippecanoe
  • High School: William Henry Harrison
  • Elementary School: Wyandotte

Lot Info

  • Lot Description: Rolling
  • Lot Dimensions: 1.16
  • Estimated Lot Sq Ft: 50530
  • Estimated Lot Size Acres: 1.16

Tax Info

  • Annual Taxes: 1262

MLS Schools

  • High School: William Henry Harrison
  • Middle School: East Tippecanoe
  • School District: Tippecanoe School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2023
Sold by
Lamberson David Allen
Bought by
Lamberson David Allen
Current Estimated Value
$220,182

Purchase Details

Closed on
Sep 26, 2022
Sold by
Lamberson Carolyn H
Bought by
Lamberson David Allen

Purchase Details

Listed on
Mar 27, 2019
Closed on
Mar 16, 2020
Sold by
P & J Holdings Llc
Bought by
Lamberson Caroyn H
Seller's Agent
Catherine Yeoman-Stetler
Nightingale Real Estate
Buyer's Agent
Kat Snethen
F.C. Tucker/Shook
List Price
$145,000
Sold Price
$135,000
Premium/Discount to List
-$10,000
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.74%
Original Mortgage
$108,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2005
Sold by
Evans John R
Bought by
P & J Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,200
Interest Rate
5.89%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

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
Lamberson David Allen -- --
Lamberson David Allen -- --
Lamberson David Allen -- --
Lamberson Caroyn H -- None Available
P & J Holdings Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lamberson Caroyn H $108,000
Previous Owner P & J Holdings Llc $197,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2020 03/16/20 Sold $135,000 -6.9% $141 / Sq Ft
02/13/2020 02/13/20 Pending -- -- --
12/30/2019 12/30/19 For Sale $145,000 0.0% $151 / Sq Ft
12/30/2019 12/30/19 Price Changed $145,000 +7.4% $151 / Sq Ft
12/28/2019 12/28/19 Off Market $135,000 -- --
11/19/2019 11/19/19 For Sale $140,000 0.0% $146 / Sq Ft
11/04/2019 11/04/19 Pending -- -- --
10/07/2019 10/07/19 Price Changed $140,000 -3.4% $146 / Sq Ft
09/05/2019 09/05/19 For Sale $145,000 0.0% $151 / Sq Ft
08/01/2019 08/01/19 Pending -- -- --
07/01/2019 07/01/19 For Sale $145,000 0.0% $151 / Sq Ft
07/01/2019 07/01/19 Price Changed $145,000 +7.4% $151 / Sq Ft
06/09/2019 06/09/19 Pending -- -- --
03/27/2019 03/27/19 For Sale $135,000 -- $141 / 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 $12,904 $137,500 $26,400 $111,100
2023 $642 $130,000 $26,400 $103,600
2022 $608 $114,600 $26,400 $88,200
2021 $515 $103,800 $26,400 $77,400
2020 $435 $96,100 $26,400 $69,700
2019 $1,332 $91,700 $26,400 $65,300
2018 $1,258 $88,500 $26,400 $62,100
2017 $1,262 $88,800 $26,400 $62,400
2016 $1,226 $86,800 $26,400 $60,400
2014 $1,075 $76,700 $26,400 $50,300
2013 $1,125 $76,100 $26,400 $49,700
Source: Public Records

Agents Affiliated with this Home

  • Kat Snethen

    Buyer's Agent in 2020

    Kat Snethen

    F.C. Tucker/Shook

    (765) 404-4940

    51 Total Sales

    Kat Snethen
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Map

Source: Indiana Regional MLS

MLS Number: 201910831

Indiana Regional MLS

APN: 79-08-30-126-007.000-009

Indiana Tippecanoe County Lafayette 47905

40 S 550 E, Lafayette, IN

This home is located at 40 S 550 E, Lafayette, IN 47905 since 27 March 2019 and is currently estimated at $220,182, approximately $229 per square foot. This property was built in 1957. 40 S 550 E is a home located in Tippecanoe County with nearby schools including Wyandotte Elementary School, East Tipp Middle School, and William Henry Harrison 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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