NOT LISTED FOR SALE

5438 Gainsboro Dr Lafayette, IN 47906

Estimated Value: $715,000 - $746,000

4 Beds
3.5 Baths
3,686 Sq Ft
$198/Sq Ft Est. Value

Last Sold January 06, 2022

Last sale price $620,000 $168 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,333/month

105 Days on Market

Highlights

  • Primary Bedroom Suite
  • Open Floorplan
  • Backs to Open Ground
  • Burnett Creek Elementary School Rated A-
  • Contemporary Architecture
  • Great Room

About This Home

As of January 2022

SPECTACULAR new build by Purple Tree Construction in the growing Oak Ridge Subdivision! Nothing overlooked here, this home has fine finishes and extras everywhere. Elegant great room with floor to ceiling steel-wrapped gas fireplace. Sleek kitchen with quartz counters, Viking appliances, huge waterfall island with seating for 4. The master suite offers a dreamy bathroom with floating twin sink vanity, soaking tub, custom tile walk-in shower with hidden drain. Custom walk-in closet with quartz-topped island, drawers and shelving. Second laundry room in the master closet. Upstairs you'll find a spacious loft area and two additional bedrooms. Basement finishing underway with additional family room, office and bedroom and full bath. Completion mid-December 2021. Upgrades include Flo by Moen Smart Water detection system, tankless water heater, pre-wired surround system. Spray foam insulation adds to extreme efficiency of home. This home sits on 1 of only 6 executive lots overlooking the neighborhood pond. Covered back porch with large patio. Fully sodded yard with irrigation system and landscaping package.

Last Agent to Sell the Property

Stacy Grove

@properties Listed on: 08/16/2021

@properties

Co-Listed By

Brian Russell

@properties

Last Buyer's Agent

Mark Pearl

BerkshireHathaway HS IN Realty

BerkshireHathaway HS IN Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,108

Year Built

  • Built in 2021

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 121x178
  • Backs to Open Ground
  • Rural Setting
  • Landscaped
  • Irrigation

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Wood Siding
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Log Fireplace
  • Entrance Foyer
  • Great Room
  • Living Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Kitchen Island
  • Stone Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Double Vanity
  • Bathtub With Separate Shower Stall
  • Garden Bath

Laundry

  • Laundry on main level
  • Washer Hookup

Partially Finished Basement

  • Sump Pump
  • 1 Bathroom in Basement

Outdoor Features

  • Covered Patio or Porch

Schools

  • Burnett Creek Elementary School
  • Battle Ground Middle School
  • William Henry Harrison High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 79-03-29-326-027.000-018

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,108

Year Built

Built in 2021

Lot Details

0

HOA Fees

$25 per month

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 2021
  • Style: Two Story
  • Architectural Style: Contemporary
  • Total Number of Rooms: 7
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Legal Description: OAK RIDGE SD SEC 1 PH 2 LOT 51
  • Parcel Number ID: 79-03-29-326-027.000-018
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Breakfast Bar, Built-In Speaker System, Cable Available, Ceiling-9+, Ceiling Fan(s), Closet(s) Walk-in, Countertops-Solid Surf, Countertops-Stone, Eat-In Kitchen, Foyer Entry, Garage Door Opener, Garden Tub, Irrigation System, Kitchen Island, Landscaped, Open Floor Plan, Pantry-Walk In, Patio Covered, Porch Covered, Rough-In Bath, Split Br Floor Plan, Twin Sink Vanity, Stand Up Shower, Tub and Separate Shower, Tub/Shower Combination, Main Level Bedroom Suite, Great Room, Main Floor Laundry, Sump Pump, Washer Hook-Up
  • Location: Rural Subdivision
  • Sp Lp Percent: 97.03
  • Year Taxes Payable: 2021
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Total Sq Ft: 4150
  • Total Finished Sq Ft: 3686
  • Above Grade Finished Sq Ft: 2861
  • Below Grade Finished Sq Ft: 825
  • Below Grade Sq Ft: 464
  • Price Per Sq Ft: 216.71
  • Basement: Yes
  • Basement Foundation: Partial Basement, Partially Finished
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, Gas Log
  • Fireplace: Yes
  • Living Great Room: Dimensions: 20x19, On Level: Main
  • Kitchen: Dimensions: 16x18, On Level: Main
  • Breakfast Room: Dimensions: 16x10, On Level: Main
  • Bedroom 1: Dimensions: 15x20, On Level: Main
  • Bedroom 2: Dimensions: 16x16, On Level: Upper
  • Bedroom 3: Dimensions: 15x12, On Level: Upper
  • Bedroom 4: Dimensions: 14x13, On Level: Basement
  • Loft: Dimensions: 14x14, On Level: Upper
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 1289

Exterior Features

  • Exterior: Stone, Wood
  • Outbuilding1: None

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 3
  • Garage Size: Dimensions: 22x38
  • Garage Sq Ft: 836
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Laundry: Dimensions: Upperx7, On Level: 15

Condo/Co-op/Association

  • Association Fees: 300
  • Association Fees Frequency: Annually

Schools

  • School District: Tippecanoe School Corp.
  • Elementary School: Burnett Creek
  • Middle School: Battle Ground
  • High School: William Henry Harrison
  • Elementary School: Burnett Creek

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 121x178
  • Estimated Lot Sq Ft: 19602
  • Estimated Lot Size Acres: 0.45

MLS Schools

  • High School: William Henry Harrison
  • Middle School: Battle Ground
  • School District: Tippecanoe School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2021
Closed on
Jan 4, 2022
Sold by
Purple Tree Construction Llc
Bought by
Arms Devin and Arms Marisa
Seller's Agent
Stacy Grove
@properties
Buyer's Agent
Mark Pearl
BerkshireHathaway HS IN Realty
List Price
$659,000
Sold Price
$620,000
Premium/Discount to List
-$39,000
-5.92%
Current Estimated Value
$729,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,360
Avg. Annual Appreciation
4.43%
Original Mortgage
$440,000
Outstanding Balance
$405,568
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$323,792

Purchase Details

Closed on
Jan 25, 2021
Sold by
Skiage Enterprises Inc
Bought by
Purple Tree Contruction Llc

Purchase Details

Closed on
Sep 29, 2020
Sold by
Land Development Co Llc
Bought by
Skiage Enterprises Inc

Purchase Details

Closed on
Jun 4, 2018
Sold by
Tippecanoe Dev Llc
Bought by
S & K Land Dev Llc
Source: Public Records

Range of Values:

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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
Arms Devin $620,000 None Listed On Document
Purple Tree Contruction Llc $90,500 None Available
Skiage Enterprises Inc -- None Available
S & K Land Dev Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arms Devin $440,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2022 01/06/22 Sold $620,000 -3.0% $168 / Sq Ft
11/29/2021 11/29/21 Pending -- -- --
09/10/2021 09/10/21 Price Changed $639,000 -3.0% $173 / Sq Ft
08/16/2021 08/16/21 For Sale $659,000 -- $179 / 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 $5,108 $671,700 $84,300 $587,400
2023 $4,648 $626,800 $84,300 $542,500
2022 $4,688 $567,800 $84,300 $483,500
2021 $12 $800 $800 $0
2020 $12 $800 $800 $0
2019 $12 $75,600 $75,600 $0
2018 $12 $800 $800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202133736

Indiana Regional MLS

APN: 79-03-29-401-027.000-018