NOT LISTED FOR SALE

525 S 3rd St Lafayette, IN 47905

Ellsworth Romig Neighborhood

Estimated Value: $290,337 - $305,000

6 Beds
6 Baths
2,280 Sq Ft
$130/Sq Ft Est. Value

Last Sold August 15, 2019

Last sale price $105,000 $46 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $2,030/month

24 Days on Market

Highlights

  • 0.15 Acre Lot
  • Central Air
  • 1-minute walk to South Tipp Park
  • Traditional Architecture
  • Carpet

About This Home

As of August 2019

Don't miss out on a great investment opportunity on this centrally located fourplex. Offering four spacious units located close to schools, dining, shopping, playgrounds, Bauer center and all downtown has to bring to the Greater Lafayette area. Prime location for renters. Property being sold "as is". Book a private showing today.

Last Agent to Sell the Property

Tabitha Casto

TruVant Realty Listed on: 07/02/2019

TruVant Realty

Last Buyer's Agent

LAF NonMember

NonMember LAF

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,643

Year Built

  • Built in 1921

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x132

Home Design

  • Quadruplex
  • Traditional Architecture
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Parking

  • 2 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Location

  • Suburban Location

Schools

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

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for cooling, electric, heating, sewer, water
  • Assessor Parcel Number 79-07-29-259-013.000-004

Community Details

Overview

  • 4 Units
  • Romig Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,542
  • Fuel Expense $2,119
  • Insurance Expense $1,766
  • Water Sewer Expense $1,026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,643

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1921
  • Age: 98
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: ROMIGS ADDN LOT 15
  • Parcel Number ID: 79-07-29-259-013.000-004
  • Platted: Yes
  • Amenities: Basement
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 80.83
  • Monthly Gross Income: 2385
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 2730
  • Total Finished Sq Ft: 2280
  • Above Grade Finished Sq Ft: 2280
  • Below Grade Sq Ft: 450
  • Price Per Sq Ft: 46.05
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 450
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 2542
  • Annual Fuel Expense: 2119
  • Annual Insurance Expense: 1765.96
  • Annual Water Sewer Expense: 1026
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Water Meters: 1

Schools

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

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 50x132
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Cooling, Electric, Heating, Sewer, Water
  • Tenant Pays: Cable

Multi Family

  • Gross Monthly Rent: 2385
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 4

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2024
Sold by
Windjammer Investment Properties Llc
Bought by
Jordan Chelbi and Jordan Colon Earl
Current Estimated Value
$295,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,000
Outstanding Balance
$210,868
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$84,578

Purchase Details

Listed on
Jul 2, 2019
Closed on
Aug 9, 2019
Sold by
Cr Two Llc
Bought by
Windjammer Inv Properties Llc
Seller's Agent
Tabitha Casto
TruVant Realty
Buyer's Agent
LAF NonMember
NonMember LAF
List Price
$159,900
Sold Price
$105,000
Premium/Discount to List
-$54,900
-34.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.45%

Purchase Details

Closed on
Oct 12, 2004
Sold by
Riggle George R and Riggle Marilyn B
Bought by
Cr Two Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 2002
Sold by
Riggle George R and Riggle Marilyn B
Bought by
Revoca George R and Revoca Marilyn
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
Jordan Chelbi -- Royal Title Services
Windjammer Inv Properties Llc -- None Available
Cr Two Llc -- --
Revoca George R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jordan Chelbi $213,000
Previous Owner Windjammer Investment Properti $907,500
Previous Owner Windjammer Investment Properties Llc $131,250
Previous Owner Windjammer Investment Properties Llc $124,500
Previous Owner Cr Two Llc $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2019 08/15/19 Sold $105,000 -19.2% $46 / Sq Ft
07/26/2019 07/26/19 Pending -- -- --
07/08/2019 07/08/19 Price Changed $129,900 -18.8% $57 / Sq Ft
07/02/2019 07/02/19 For Sale $159,900 -- $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 $5,643 $282,000 $13,000 $269,000
2023 $2,202 $110,000 $13,000 $97,000
2022 $2,109 $105,300 $13,000 $92,300
2021 $1,835 $91,600 $13,000 $78,600
2020 $1,836 $91,600 $13,000 $78,600
2019 $1,765 $88,100 $14,300 $73,800
2018 $1,766 $88,100 $14,300 $73,800
2017 $1,718 $85,700 $14,300 $71,400
2016 $1,698 $84,870 $14,300 $70,570
2014 $1,616 $80,800 $14,300 $66,500
2013 $1,500 $75,000 $14,300 $60,700
Source: Public Records

Agents Affiliated with this Home

  • Tabitha Casto

    Seller's Agent in 2019

    Tabitha Casto

    TruVant Realty

    (765) 427-2501

    5 in this area

    185 Total Sales

    Tabitha Casto
    Section Image

  • L

    Buyer's Agent in 2019

    LAF NonMember

    NonMember LAF

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201927789

Indiana Regional MLS

APN: 79-07-29-259-013.000-004

Indiana Tippecanoe County Lafayette 47905 Ellsworth Romig

525 S 3rd St, Lafayette, IN

This home is located at 525 S 3rd St, Lafayette, IN 47905 since 02 July 2019 and is currently estimated at $295,446, approximately $129 per square foot. This property was built in 1921. 525 S 3rd St is a home located in Tippecanoe County with nearby schools including Thomas Miller Elementary School, Sunnyside Intermediate School, and Lafayette Tecumseh Junior 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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