NOT LISTED FOR SALE

513 Dorsett Dr Lafayette, IN 47909

Estimated Value: $252,000 - $375,000

4 Beds
4 Baths
1,842 Sq Ft
$160/Sq Ft Est. Value

Last Sold September 30, 2014

Last sale price $126,000 $68 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $1,943/month

9 Days on Market

Highlights

  • Vaulted Ceiling
  • Fenced Yard
  • Double Pane Windows
  • Corner Lot
  • 1 Car Attached Garage
  • Patio

About This Home

As of September 2014

Awesome duplex in move in condition!! This duplex has newer roof only a few years old, nicely painted and very well kept. you will enjoy the large corner lot and fenced in back yard. This home is just minutes from Purdue and shopping with the new 231 hwy so this would be a great place for a grad student, professor or anyone that is looking for a nice place live while the tenant helps make your mortgage payment. The unit next door is rent through July 31st 2015 for $625.00 a month could be as much as $700 to the next tenant. Please come and see this property for yourself!!

Last Agent to Sell the Property

James Cackley

Cackley Real Estate Listed on: 08/06/2014

Last Buyer's Agent

Judy Roark

BerkshireHathaway HS IN Realty

BerkshireHathaway HS IN Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,140

Year Built

  • Built in 1995

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 126x135
  • Fenced Yard
  • Wood Fence
  • Corner Lot
  • Level Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Fire and Smoke Detector
  • Laminate Countertops

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Washer Hookup

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Off-Street Parking

Schools

  • Earhart Elementary School
  • Sunnyside/Tecumseh Middle School
  • Jefferson High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Well Required
  • Gas Water Heater

Additional Features

  • Patio
  • Suburban Location

Listing and Financial Details

  • Homestead Exemption
  • Tenant pays for cable, electric, heating, water
  • The owner pays for tax, trash collection
  • Assessor Parcel Number 79-11-05-203-003.000-032

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,140

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1995
  • Age: 19
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: LOT 38 ABBINGTON FARM SD |
  • Parcel Number ID: 79-11-05-203-003.000-032
  • Platted: Yes
  • Amenities: Ceiling Fan, Fenced Yard, Fireplace, Ceilings-Vaulted, Countertops-Laminate, Detector-Smoke, Garage Door Opener, Patio Open, Water Heater Gas, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 91.97
  • Monthly Gross Income: 625
  • Year Taxes Payable: 2014
  • Special Features: None

Interior Features

  • Total Sq Ft: 1842
  • Total Finished Sq Ft: 1842
  • Above Grade Finished Sq Ft: 1842
  • Price Per Sq Ft: 68.4
  • Basement Foundation: Slab
  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Main Level Sq Ft: 1842
  • Number Of Disposals: 2
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick, Vinyl, Wood
  • Roof Material: Asphalt
  • Fence: Wood
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City, Well Needed
  • Annual Insurance Expense: 1000
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Schools

  • School District: Tippecanoe School Corp.
  • Elementary School: Earhart
  • Middle School: Sunnyside/Tecumseh
  • High School: Jefferson
  • Elementary School: Earhart

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 126x135
  • Estimated Lot Sq Ft: 16988
  • Estimated Lot Size Acres: 0.39

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Tax, Trash Collection
  • Tenant Pays: Cable, Electric, Heating, Water

Tax Info

  • Exemptions: Homestead, Mortgage
  • Annual Property Tax: 2140

Multi Family

  • Gross Monthly Rent: 625
  • Number Of Dishwashers: 2
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 1

MLS Schools

  • High School: Jefferson
  • Middle School: Sunnyside/Tecumseh
  • School District: Tippecanoe School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2014
Closed on
Sep 30, 2014
Sold by
Gaylord Koel
Bought by
Roark Judith A
Seller's Agent
James Cackley
Cackley Real Estate
Buyer's Agent
Judy Roark
BerkshireHathaway HS IN Realty
List Price
$137,000
Sold Price
$126,000
Premium/Discount to List
-$11,000
-8.03%
Current Estimated Value
$295,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,040
Avg. Annual Appreciation
8.09%
Original Mortgage
$94,500
Outstanding Balance
$73,405
Interest Rate
4.07%
Mortgage Type
New Conventional
Estimated Equity
$220,930

Purchase Details

Closed on
Jul 14, 2009
Sold by
Rene Jay C
Bought by
Gaylord Koel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,516
Interest Rate
5.01%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 7, 2003
Sold by
Rene Jay C and Rene Natalie A
Bought by
Rene Jay C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,500
Interest Rate
5.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2002
Sold by
Rene Jay C
Bought by
Rene Jay C and Rene Natalie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
6.63%
Mortgage Type
Purchase Money 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
Roark Judith A -- --
Gaylord Koel -- None Available
Rene Jay C -- --
Rene Jay C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roark Judith A $94,500
Previous Owner Gaylord Koel $107,516
Previous Owner Rene Jay C $14,239
Previous Owner Rene Jay C $109,500
Previous Owner Rene Jay C $109,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2014 09/30/14 Sold $126,000 -8.0% $68 / Sq Ft
08/15/2014 08/15/14 Pending -- -- --
08/06/2014 08/06/14 For Sale $137,000 -- $74 / 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 $4,036 $201,700 $22,500 $179,200
2023 $3,036 $151,700 $22,500 $129,200
2022 $2,922 $145,900 $22,500 $123,400
2021 $2,811 $140,300 $22,500 $117,800
2020 $2,383 $118,900 $22,500 $96,400
2019 $2,383 $118,900 $22,500 $96,400
2018 $2,297 $114,600 $22,500 $92,100
2017 $2,219 $110,700 $30,000 $80,700
2016 $2,195 $109,570 $30,000 $79,570
2014 $2,164 $108,000 $22,500 $85,500
2013 $2,140 $106,800 $22,500 $84,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201434378

Indiana Regional MLS

APN: 79-11-05-203-003.000-032