NOT LISTED FOR SALE

453 S 9th St Lafayette, IN 47901

Estimated Value: $411,567 - $455,000

3 Beds
4 Baths
3,686 Sq Ft
$116/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $385,000 $104 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,815/month

3 Days on Market

Highlights

  • Entrance Foyer
  • Ceiling height of 9 feet or more
  • Attic Fan
  • Laundry in Utility Room
  • Multiple cooling system units
  • Forced Air Heating System

About This Home

As of August 2022

Beautiful historic home located at the top of 9th Street hill. Currently divided into 3 units rented through July 2023. Located minutes to campus and downtown Lafayette. Could easily be converted back to a single family home. Each unit has its own laundry, all appliances and a large parking area, with detached 2 car garage.

Last Listed By

Ashley Milakis Spencer

Raeco Realty Listed on: 07/08/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,058

Year Built

  • Built in 1861

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 114x95
  • Level Lot
  • Historic Home

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Entrance Foyer
  • Carpet
  • Partially Finished Basement
  • Natural lighting in basement
  • Attic Fan
  • Laundry in Utility Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Schools

  • Thomas Miller Elementary School
  • Sunnyside/Tecumseh Middle School
  • Jefferson High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating System
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for cable, electric, heating, sewer, water
  • The owner pays for building insurance, lawn maintenance, maintenance, snow removal
  • Assessor Parcel Number 79-07-28-151-003.000-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,058

Year Built

Built in 1861

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1861
  • Age: 161
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: PARCHMENT CT SD LOT 1 & LOT 2
  • Parcel Number ID: 79-07-28-151-003.000-004
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Fireplace, Off Street Parking, Cable Available, Cable Ready, Ceiling-9+, Deck Open, Foyer Entry
  • Sp Lp Percent: 101.34
  • Monthly Gross Income: 2520
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 4010
  • Total Finished Sq Ft: 3686
  • Above Grade Finished Sq Ft: 3686
  • Below Grade Sq Ft: 324
  • Price Per Sq Ft: 104.45
  • Basement: Yes
  • Basement Foundation: Daylight, Partial Basement
  • Flooring: Carpet
  • Total Below Grade Sq Ft: 324
  • Number Of Disposals: 3
  • Number Of Microwaves: 3
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Cooling: Attic Fan, Multiple Cooling Units
  • Heating Fuel: Conventional, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 3

Schools

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

Lot Info

  • Lot Description: Level, Slope, Historic Designation
  • Lot Dimensions: 114x95
  • Estimated Lot Sq Ft: 13765
  • Estimated Lot Size Acres: 0.316

Rental Info

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

Multi Family

  • Gross Monthly Rent: 2520
  • Number Of Dishwashers: 3
  • Number Of Dryers: 3
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 3
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 5058

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2022
Closed on
Aug 26, 2022
Sold by
Imagination Lofts Llc
Bought by
Little Green Houses Llc
Seller's Agent
Ashley Milakis Spencer
Raeco Realty
Buyer's Agent
Tabitha Casto
TruVant Realty
List Price
$379,900
Sold Price
$385,000
Premium/Discount to List
$5,100
1.34%
Total Days on Market
3
Views
2
Current Estimated Value
$425,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,892
Avg. Annual Appreciation
3.78%
Original Mortgage
$390,000
Outstanding Balance
$375,311
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$50,581

Purchase Details

Listed on
Jul 8, 2022
Closed on
Aug 19, 2022
Sold by
Milakis Rentals Llc
Bought by
Imagination Lofts Llc
Seller's Agent
Ashley Milakis Spencer
Raeco Realty
Buyer's Agent
Tabitha Casto
TruVant Realty
List Price
$379,900
Sold Price
$385,000
Premium/Discount to List
$5,100
1.34%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Outstanding Balance
$375,311
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$50,581

Purchase Details

Closed on
Dec 7, 2021
Sold by
Milakis Property Rentals Llc
Bought by
Milakis Rentals Llc

Purchase Details

Closed on
Nov 18, 2016
Sold by
Milkirc Llc
Bought by
Milakis Property Rentals

Purchase Details

Listed on
Feb 16, 2015
Closed on
Apr 24, 2015
Sold by
Nargi Louis J
Bought by
Milkirc Llc
Seller's Agent
Susie Eros
F.C. Tucker/Shook
Buyer's Agent
Ashley Milakis Spencer
Raeco Realty
List Price
$259,000
Sold Price
$230,000
Premium/Discount to List
-$29,000
-11.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.31%
Original Mortgage
$225,000
Interest Rate
3.68%
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
Little Green Houses Llc -- Laszynski Byaobert S
Imagination Lofts Llc -- None Listed On Document
Milakis Rentals Llc $460 None Listed On Document
Milakis Property Rentals -- --
Milkirc Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Little Green Houses Llc $390,000
Previous Owner Milkirc Llc $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2022 08/26/22 Sold $385,000 +1.3% $104 / Sq Ft
07/11/2022 07/11/22 Pending -- -- --
07/08/2022 07/08/22 For Sale $379,900 +65.2% $103 / Sq Ft
04/24/2015 04/24/15 Sold $230,000 -11.2% $62 / Sq Ft
02/17/2015 02/17/15 Pending -- -- --
02/16/2015 02/16/15 For Sale $259,000 -- $70 / 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 $5,314 $148,100 $37,500 $110,600
2023 $5,314 $265,700 $37,500 $228,200
2022 $5,160 $258,000 $37,500 $220,500
2021 $5,058 $252,900 $37,500 $215,400
2020 $5,058 $252,900 $37,500 $215,400
2019 $5,058 $252,900 $46,300 $206,600
2018 $5,008 $250,400 $46,300 $204,100
2017 $4,874 $243,700 $46,300 $197,400
2016 $4,824 $241,200 $46,300 $194,900
2014 $4,608 $230,400 $46,300 $184,100
2013 $4,500 $225,000 $46,200 $178,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202228007

Indiana Regional MLS

APN: 79-07-28-151-003.000-004