NOT LISTED FOR SALE

501 Elston Rd Lafayette, IN 47909

9 Beds
6 Baths
4,668 Sq Ft
0.42 Acres

Last Sold May 01, 2017

Last sale price $167,500 $36 Per Sq Ft

250 Days on Market

Highlights

  • Detached Second Garage
  • Luxury Vinyl Tile Flooring
  • Ceiling Fan
  • Double Pane Windows
  • Water Softener is Owned
  • Baseboard Heating

About This Home

As of May 2017

Solid brick construction, 6 unit Gross Rent $2,827/month. Complete interior remodel with updates 1987, zoned GB. All units rented. #5 2 BR $585, #6 2 BR $420

Last Agent to Sell the Property

Gregory Small

RE/MAX At The Crossing Listed on: 06/24/2016

Last Buyer's Agent

Gregory Small

RE/MAX At The Crossing Listed on: 06/24/2016

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,316

Year Built

  • Built in 1876

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 117x108
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Rubber Roof

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Insulated Windows
  • Partially Finished Basement
  • Exterior Basement Entry
  • Fire and Smoke Detector
  • Laminate Countertops

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Full Bathrooms

Parking

  • 1 Car Garage
  • Detached Second Garage
  • Private Parking
  • Gravel Driveway

Schools

  • Mayflower Mill Elementary School
  • Southwestern Middle School
  • Mc Cutcheon High School

Utilities

  • Radiator
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Well
  • Gas Water Heater
  • Water Softener is Owned
  • Cable TV Available

Additional Features

  • Energy-Efficient Windows
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for heating, lawn maintenance, maintenance, snow removal, sewer, tax, water, water softener
  • Assessor Parcel Number 79-07-31-326-002.000-005

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 2 Separate Gas Meters
  • Fuel Expense $2,497
  • Insurance Expense $1,858
  • Maintenance Expense $650
  • Water Sewer Expense $808

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,316

Year Built

Built in 1876

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1876
  • Age: 141
  • Style: Two Story
  • Bedrooms: 9
  • Number Above Grade Bedrooms: 9
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: PT W SE SEC 31 TWP 23 R4.42A |
  • Parcel Number ID: 79-07-31-326-002.000-005
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Cable Ready, Countertops-Laminate, Detector-Smoke, Water Heater Gas, Water Softener-Owned
  • Location: City/Town/Suburb
  • Sp Lp Percent: 87.7
  • Annual Miscellaneous: 650
  • Monthly Gross Income: 2827
  • Year Taxes Payable: 2016
  • Special Features: None

Interior Features

  • Total Sq Ft: 6224
  • Total Finished Sq Ft: 4668
  • Above Grade Finished Sq Ft: 4668
  • Below Grade Sq Ft: 1556
  • Price Per Sq Ft: 35.88
  • Basement: Yes
  • Basement Foundation: Outside Entrance Only, Outside Entrance, Partial Basement, Unfinished
  • Basement Material: Brick
  • Flooring: Carpet, Vinyl Tile
  • Total Below Grade Sq Ft: 1556
  • Number Of Disposals: 1
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 6
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Brick
  • Roof Material: Rubber
  • Stories: 2
  • Outbuilding: 2nd Detached Garage
  • Outbuilding Sq Ft: 396

Garage/Parking

  • Number Of Parking Spaces: 12
  • Parking: Gravel, Private

Utilities

  • Heating Fuel: Gas, Baseboard, Hot Water, Radiator
  • Sewer: City
  • Water Utilities: Well
  • Hvac: Ceiling Fan
  • Annual Fuel Expense: 2497
  • Annual Insurance Expense: 1858
  • Annual Maintenance Expense: 650
  • Annual Water Sewer Expense: 808
  • Number Electric Meters: 6
  • Number Gas Meters: 2

Schools

  • School District: Tippecanoe School Corp.
  • Elementary School: Mayflower Mill
  • Middle School: Southwestern
  • High School: Mc Cutcheon
  • Elementary School: Mayflower Mill

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 117x108
  • Estimated Lot Sq Ft: 18295
  • Estimated Lot Size Acres: 0.42

Green Features

  • Energy Efficient: Windows
  • Energy Efficient Windows/Doors: Double Pane Windows, Insulated Glass Windows

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Heating, Lawn Maintenance, Maintenance, Snow Removal, Sewer, Tax, Water, Water Softener
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 2827
  • Number Of Refrigerators: 6
  • Number Of Units: 6
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 3
  • Num Of Efficiencies: 6
  • Num Of Units Rented: 5

Tax Info

  • Annual Property Tax: 3316

MLS Schools

  • High School: Mc Cutcheon
  • Middle School: Southwestern
  • School District: Tippecanoe School Corp.

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2017 05/01/17 Sold $167,500 -15.8% $36 / Sq Ft
03/01/2017 03/01/17 Pending -- -- --
06/24/2016 06/24/16 For Sale $199,000 -- $43 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Gregory Small

    Seller's Agent in 2017

    Gregory Small

    RE/MAX

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Map

Source: Indiana Regional MLS

MLS Number: 201629168

Indiana Regional MLS

Indiana Tippecanoe County Lafayette 47909

501 Elston Rd, Lafayette, IN

This home is located at 501 Elston Rd, Lafayette, IN 47909 since 24 June 2016. This property was built in 1876. 501 Elston Rd is a home located in Tippecanoe County with nearby schools including Wea Ridge Elementary School, Wea Ridge Middle School, and McCutcheon 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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