NOT LISTED FOR SALE

493 N 550 E Lafayette, IN 47905

Estimated Value: $287,000 - $349,000

3 Beds
1.5 Baths
2,632 Sq Ft
$120/Sq Ft Est. Value

Sale Details

Date Sold: May 20, 2022

Last sale price $260,000 $99 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,830 / mo

Highlights

  • Primary Bedroom Suite
  • Traditional Architecture
  • Formal Dining Room
  • Wyandotte Elementary School Rated A
  • Workshop
  • Enclosed Patio or Porch

About This Home

As of May 2022

Spacious two-story located on nearly 1 acre on Lafayette's desirable east side! Approaching the home, your eye is immediately drawn to the mature trees scattered throughout the property and a newer roof (only 7yrs old). As you enter, you discover a bright and roomy living room area with updated flooring. There is dining space that opens to the kitchen, eat- in kitchen and bonus room off of kitchen. The kitchen is generously sized. In the bonus room (which could be a second dining area), you find tons of additional storage space. The main floor master bedroom boasts a walk-in closet and scenic views of the tree lined property with a half bath just next to the door. Don't miss the fully updated main level full bathroom as well! Upstairs, you discover two additional bedrooms with space for sizable furniture. Heading to the walkout basement, you come upon a large rec room with a wood burning stove. Picture yourself cozying up by the fire on cold winter nights! Out back, you can enjoy peaceful views and barbecues with family and friends from your open patio. See additional updates on the seller's disclosure! Don't wait, this home could be yours!

Last Agent to Sell the Property

Ken Cary

Keller Williams Lafayette Listed on: 04/27/2022

Keller Williams Lafayette

Last Buyer's Agent

Ken Cary

Keller Williams Lafayette Listed on: 04/27/2022

Keller Williams Lafayette

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $464

Year Built

  • Built in 1900

Lot Details

  • 38,333 Sq Ft Lot
  • Landscaped
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Built-in Bookshelves
  • Wood Burning Fireplace
  • Double Pane Windows
  • Pocket Doors
  • Formal Dining Room
  • Workshop
  • Washer and Electric Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven or Range
  • Laminate Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Bathtub with Shower

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Schools

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

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Propane
  • Well
  • Septic System
  • Cable TV Available

Additional Features

  • Enclosed Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 79-08-19-400-001.000-009

Home Details

Home Type

Single Family

Est. Annual Taxes

$464

Year Built

Built in 1900

Lot Details

0.88 Acres

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1900
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 1
  • Total Number of Half Bathrooms: 1
  • Legal Description: PT W SE SEC 19 TWP 23 R3 .88A
  • Parcel Number ID: 79-08-19-400-001.000-009
  • Platted: Yes
  • Amenities: Breakfast Bar, Built-In Bookcase, Cable Ready, Closet(s) Walk-in, Countertops-Laminate, Detector-Smoke, Dryer Hook Up Electric, Eat-In Kitchen, Landscaped, Patio Open, Pocket Doors, Porch Enclosed, Range/Oven Hook Up Gas, Split Br Floor Plan, Storm Doors, Tub/Shower Combination, Workshop, Main Level Bedroom Suite, Formal Dining Room, Sump Pump, Washer Hook-Up, Custom Cabinetry
  • Location: City/Town/Suburb
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 3948
  • Total Finished Sq Ft: 2632
  • Above Grade Finished Sq Ft: 2156
  • Below Grade Finished Sq Ft: 476
  • Below Grade Sq Ft: 1316
  • Basement: Yes
  • Basement Foundation: Full Basement, Partially Finished, Walk-Out Basement
  • Number Of Fireplaces: 1
  • Fireplace: Family Rm, Rec Rm, Wood Burning, Wood Burning Stove
  • Fireplace: Yes
  • Living Great Room: Dimensions: 27x13, On Level: Main
  • Kitchen: Dimensions: 15x13, On Level: Main
  • Dining Room: Dimensions: 14x12, On Level: Upper
  • Recreation Room: Dimensions: 24x16, On Level: Upper
  • Bedroom 1: Dimensions: 19x11, On Level: Main
  • Bedroom 2: Dimensions: 12x12, On Level: Upper
  • Bedroom 3: Dimensions: 12x12, On Level: Upper
  • Number of Main Level Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 1792

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Shingle
  • Outbuilding1: 2nd Detached Garage, Dimensions: 15x22

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x24
  • Garage: Yes

Utilities

  • Heating Fuel: Propane, Baseboard, Hot Water
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: Heartland
  • Well Type: Unknown

Schools

  • Elementary School: Wyandotte

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 38,333
  • Estimated Lot Sq Ft: 38333
  • Estimated Lot Size Acres: 0.88

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows, Storm Doors

Tax Info

  • Annual Taxes: 463.63

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

Listed on
Apr 27, 2022
Closed on
May 20, 2022
Sold by
Sedinger and Hunter
Bought by
Smith Edward Alexander and Smith Hanna
Seller's Agent
Ken Cary
Keller Williams Lafayette
Buyer's Agent
Ken Cary
Keller Williams Lafayette
List Price
$270,000
Sold Price
$260,000
Premium/Discount to List
-$10,000
-3.7%
Current Estimated Value
$316,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,615
Avg. Annual Appreciation
5.02%
Original Mortgage
$208,000
Outstanding Balance
$195,580
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$121,035

Purchase Details

Listed on
Oct 23, 2020
Closed on
Nov 30, 2020
Sold by
Jankowski Doralie A
Bought by
Sedinger Brooke and Taylor Hunter
Seller's Agent
Ken Cary
Keller Williams Lafayette
Buyer's Agent
Ken Cary
Keller Williams Lafayette
List Price
$224,900
Sold Price
$186,000
Premium/Discount to List
-$38,900
-17.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.59%
Original Mortgage
$185,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Smith Edward Alexander -- Klatch Louis
Sedinger Brooke -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Smith Edward Alexander $208,000
Previous Owner Sedinger Brooke $185,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/20/2022 05/20/22 Sold $260,000 -3.7% $99 / Sq Ft
04/27/2022 04/27/22 Pending -- -- --
04/27/2022 04/27/22 For Sale $270,000 +45.2% $103 / Sq Ft
11/30/2020 11/30/20 Sold $186,000 -17.3% $71 / Sq Ft View Prior Sale
11/01/2020 11/01/20 Pending -- -- --
10/23/2020 10/23/20 For Sale $224,900 -- $85 / Sq Ft
Source: Indiana Regional MLS

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
2025 $1,392 $233,200 $25,200 $208,000
2024 $1,392 $227,000 $25,200 $201,800
2023 $1,292 $210,600 $25,200 $185,400
2022 $1,034 $166,700 $25,200 $141,500
2021 $927 $154,300 $25,200 $129,100
2020 $840 $141,900 $25,200 $116,700
2019 $780 $135,300 $25,200 $110,100
2018 $709 $128,600 $25,200 $103,400
2017 $701 $126,600 $25,200 $101,400
2016 $673 $124,100 $25,200 $98,900
2014 $650 $121,800 $25,200 $96,600
2013 $713 $125,500 $25,200 $100,300
Source: Public Records

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Map

Source: Indiana Regional MLS

MLS Number: 202215319

Indiana Regional MLS

APN: 79-08-19-400-001.000-009

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