Seller's Agent in 2023
Erin Haynes
F.C. Tucker/Shook
(765) 586-0310
66 Total Sales
409 S 18th St La Fayette, IN 47905
Estimated Value: $312,000 - $349,000
3
Beds
3
Baths
1,572
Sq Ft
$210/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Built-in Bookshelves
- Forced Air Heating and Cooling System
- Corner Lot
- Patio
- Water Softener is Owned
About This Home
As of June 2023Wonderful investment opportunity! Property is a Multi-Family Dwelling with three total units, two on ground level, one on second floor with a total of almost 1600 sf. This unique property/business operates as an Airbnb from June thru September with the remaining months out of the year catering to business individuals and traveling nurses. Sale includes all furnishings and training from current owner during the transition.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,312
Year Built
- Built in 1925
Lot Details
- 6,490 Sq Ft Lot
- Lot Dimensions are 48x130
- Corner Lot
Home Design
- Triplex
- Shingle Roof
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Built-in Bookshelves
- Partially Finished Basement
- Block Basement Construction
- Laminate Countertops
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Parking
- 5 Parking Spaces
- Driveway
- Paved Parking
Schools
- Oakland Elementary School
- Sunnyside/Tecumseh Middle School
- Jefferson High School
Utilities
- Forced Air Heating and Cooling System
- Window Unit Cooling System
- SEER Rated 14+ Air Conditioning Units
- Baseboard Heating
- Heating System Uses Gas
- Electric Water Heater
- Water Softener is Owned
- Cable TV Available
Additional Features
- Patio
- Suburban Location
Listing and Financial Details
- The owner pays for building insurance, cable, cooling, electric, fuel, heating, lawn maintenance, sewer, trash collection, water
- Assessor Parcel Number 79-07-28-252-012.000-004
Community Details
Pet Policy
- Pet Restriction
Additional Features
- 3 Units
- 2 Separate Electric Meters
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 8, 2022
Closed on
Jun 5, 2023
Sold by
Verissimo Angela B
Bought by
Quad Con Investments Llc
Seller's Agent
Erin Haynes
F.C. Tucker/Shook
Buyer's Agent
Josh Shives
Raeco Realty
List Price
$349,900
Sold Price
$310,000
Premium/Discount to List
-$39,900
-11.4%
Views
148
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
$20,139
Avg. Annual Appreciation
2.77%
Original Mortgage
$248,000
Outstanding Balance
$233,164
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$96,975
Purchase Details
Closed on
Aug 18, 2017
Sold by
High Expectation Balloons Llc
Bought by
Verissimo Angela B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
3.96%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 27, 2014
Sold by
Schmitz Kathy S and Garrett David H
Bought by
High Expectations Balloons Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
4.45%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 17, 2006
Sold by
Kincer James S and Kincer Karen S
Bought by
Schmitz Kathy S and Garrett David H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
7.85%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 8, 2004
Sold by
Schug Peter E
Bought by
Kincer James S and Kincer Karen S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 2, 2002
Sold by
Schug Peter E and Schug Sharon A
Bought by
Schug Peter E and Peter E Schug Declaration Of Trust
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Quad Con Investments Llc | -- | None Listed On Document | |
| Verissimo Angela B | -- | -- | |
| High Expectations Balloons Llc | -- | -- | |
| Schmitz Kathy S | -- | None Available | |
| Kincer James S | -- | -- | |
| Schug Peter E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Quad Con Investments Llc | $248,000 | |
| Previous Owner | Verissimo Angela B | $105,000 | |
| Previous Owner | Verissimo Angela B | $105,000 | |
| Previous Owner | Verissimo Angela B | $176,000 | |
| Previous Owner | High Expectations Balloons Llc | $98,000 | |
| Previous Owner | Schmitz Kathy S | $118,327 | |
| Previous Owner | Schmitz Kathy S | $116,000 | |
| Previous Owner | Kincer James S | $88,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/05/2023 06/05/23 | Sold | $310,000 | 0.0% | $197 / Sq Ft |
| 02/27/2023 02/27/23 | Pending | -- | -- | -- |
| 02/26/2023 02/26/23 | Off Market | $310,000 | -- | -- |
| 12/08/2022 12/08/22 | For Sale | $349,900 | -- | $223 / 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 | $2,659 | $132,900 | $18,000 | $114,900 |
| 2023 | $2,659 | $132,900 | $18,000 | $114,900 |
| 2022 | $2,556 | $127,800 | $18,000 | $109,800 |
| 2021 | $2,924 | $109,700 | $18,000 | $91,700 |
| 2020 | $2,506 | $94,300 | $18,000 | $76,300 |
| 2019 | $2,393 | $90,200 | $15,000 | $75,200 |
| 2018 | $2,794 | $105,000 | $51,500 | $53,500 |
| 2017 | $3,033 | $117,100 | $51,500 | $65,600 |
| 2016 | $2,976 | $117,100 | $51,500 | $65,600 |
| 2014 | $3,011 | $118,200 | $51,500 | $66,700 |
| 2013 | $2,977 | $118,200 | $51,500 | $66,700 |
Source: Public Records
Agents Affiliated with this Home
-
Erin Haynes
-
Josh Shives
Buyer's Agent in 2023
Josh Shives
Raeco Realty
(765) 404-9900
102 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202249082
APN: 79-07-28-252-012.000-004
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