NOT LISTED FOR SALE

Estimated Value: $257,000 - $316,000

6 Beds
6 Baths
3,168 Sq Ft
$93/Sq Ft Est. Value

Last Sold September 29, 2017

Last sale price $179,000 $57 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $1,885/month

2 Days on Market

Highlights

  • 0.21 Acre Lot
  • Laundry in Utility Room
  • Forced Air Heating and Cooling System
  • Corner Lot
  • Ceiling height of 9 feet or more
  • 1-minute walk to South Tipp Park

About This Home

As of September 2017

One of several properties in a stellar portfolio of downtown area properties. This Duplex is fully rented and features 9' ceilings in the lower level, in unit laundry, Master suite, and much more! Call agent for details Listing Agent is part owner & thus has a real estate license.

Last Listed By

Christy Carr

Commercial Brokers Listed on: 08/04/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,218

Year Built

  • Built in 2003

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 77x120
  • Corner Lot

Parking

  • 6 Parking Spaces

Home Design

  • Duplex
  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 3,168 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Laundry in Utility Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, fuel, heating, sewer, snow removal, trash collection, water, deposit value
  • The owner pays for building insurance, lawn maintenance, maintenance, tax
  • Assessor Parcel Number 79-07-29-261-001.000-004

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $654
  • Maintenance Expense $1,345

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,218

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 2003
  • Age: 14
  • Style: Two Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 6
  • Total Full Bathrooms: 4
  • Total Number of Half Bathrooms: 2
  • Legal Description: AG PHELPS ADDN LOTS 20,21, & 22
  • Parcel Number ID: 79-07-29-261-001.000-004
  • Platted: Yes
  • Amenities: Fireplace, Ceiling-9+
  • Sp Lp Percent: 96.76
  • Monthly Gross Income: 2371
  • Special Features: None

Interior Features

  • Total Sq Ft: 3168
  • Total Finished Sq Ft: 3168
  • Above Grade Finished Sq Ft: 3168
  • Basement Foundation: Slab
  • Flooring: Carpet, Vinyl
  • Number Of Disposals: 2
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 654
  • Annual Maintenance Expense: 1345
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Schools

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

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 77x120
  • Estimated Lot Sq Ft: 9148
  • Estimated Lot Size Acres: 0.21

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Tax
  • Tenant Pays: Cable, Cooling, Electric, Fuel, Heating, Sewer, Snow Removal, Trash Collection, Water, Deposit Value

Multi Family

  • Gross Monthly Rent: 2371
  • Number Of Dishwashers: 2
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Number Of 3 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2218

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2017
Closed on
Sep 29, 2017
Sold by
Carbin Development Llc
Bought by
Kbay East Group Llc
Seller's Agent
Christy Carr
Commercial Brokers
Buyer's Agent
Cathy Russell
@properties
List Price
$185,000
Sold Price
$179,000
Premium/Discount to List
-$6,000
-3.24%
Total Days on Market
2
Current Estimated Value
$296,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,201
Avg. Annual Appreciation
7.24%

Purchase Details

Closed on
Oct 21, 2002
Sold by
South Side Community Center & Day Care C
Bought by
Carbin Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
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
Kbay East Group Llc -- --
Carbin Development Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Kbay East Group Llc $244,200
Previous Owner Carbin Dev Llc $118,068
Previous Owner Carbin Development Llc $156,221
Previous Owner Carbin Development Llc $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2017 09/29/17 Sold $179,000 -3.2% $57 / Sq Ft
08/06/2017 08/06/17 Pending -- -- --
08/04/2017 08/04/17 For Sale $185,000 -- $58 / 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 $2,816 $230,000 $16,300 $213,700
2023 $2,816 $140,800 $16,300 $124,500
2022 $2,694 $134,700 $16,300 $118,400
2021 $2,342 $117,100 $16,300 $100,800
2020 $2,342 $117,100 $16,300 $100,800
2019 $2,342 $117,100 $10,000 $107,100
2018 $2,318 $115,900 $10,000 $105,900
2017 $2,240 $112,000 $10,000 $102,000
2016 $2,218 $110,910 $10,000 $100,910
2014 $2,784 $139,200 $10,000 $129,200
2013 $2,584 $129,200 $10,000 $119,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201738034

Indiana Regional MLS

APN: 79-07-29-261-001.000-004