NOT LISTED FOR SALE

Estimated Value: $251,000 - $283,000

6 Beds
6 Baths
2,280 Sq Ft
$119/Sq Ft Est. Value

Last Sold August 15, 2019

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

Est. 158% increase in value since last sale

Current estimated payment $1,695/month

24 Days on Market

Highlights

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

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 Listed By

Tabitha Casto

TruVant Realty Listed on: 07/02/2019

TruVant Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,202

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

$2,202

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

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%
Total Days on Market
24
Current Estimated Value
$271,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,252
Avg. Annual Appreciation
17.88%

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

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
Windjammer Inv Properties Llc -- None Available
Cr Two Llc -- --
Revoca George R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Windjammer Investment Properti $907,500
Closed Windjammer Investment Properties Llc $131,250
Closed 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 $2,202 $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

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Map

Source: Indiana Regional MLS

MLS Number: 201927789

Indiana Regional MLS

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