Seller's Agent in 2023
Tabitha Casto
TruVant Realty
(765) 427-2501
9 in this area
189 Total Sales
637 Park Ave Lafayette, IN 47904
Columbian Park NeighborhoodEstimated Value: $180,000 - $216,405
3
Beds
2
Baths
1,471
Sq Ft
$136/Sq Ft
Est. Value
Highlights
- Corner Lot
- Luxury Vinyl Tile Flooring
- Forced Air Heating System
About This Home
As of November 2023Take advantage of this prime investment opportunity in Lafayette, situated near the thriving Columbian Park. This charming duplex occupies a corner lot and offers a 2-bedroom, 1-bath unit on the main level, as well as a 1-bedroom, 1-bath unit with a sunroom on the upper level. Both units provide generous living spaces for tenants, making it an ideal option to kickstart your investment journey or expand your existing portfolio. Tenants cover their own utilities, and the current leases for both units extend until July 31st, 2024. Don't miss out on this promising income-generating property.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,446
Year Built
- Built in 1901
Lot Details
- 3,598 Sq Ft Lot
- Lot Dimensions are 45x80
- Corner Lot
Parking
- 2 Parking Spaces
Home Design
- Duplex
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Partially Finished Basement
- Block Basement Construction
- Laminate Countertops
Flooring
- Carpet
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Schools
- Oakland Elementary School
- Sunnyside/Tecumseh Middle School
- Jefferson High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for cable, electric, heating, sewer, trash collection, water, deposit value
- The owner pays for building insurance
- Assessor Parcel Number 79-07-28-279-022.000-004
Community Details
Overview
- 2 Units
- Belt Ry Subdivision
Building Details
- Insurance Expense $1,387
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 20, 2023
Closed on
Nov 17, 2023
Sold by
Thore Investments Llc
Bought by
I Love It Here Llc
Seller's Agent
Cathy Russell
@properties
Buyer's Agent
Cathy Russell
@properties
List Price
$225,000
Sold Price
$206,000
Premium/Discount to List
-$19,000
-8.44%
Views
35
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,198
Avg. Annual Appreciation
-0.66%
Original Mortgage
$144,200
Outstanding Balance
$142,504
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$61,387
Purchase Details
Listed on
Mar 3, 2023
Closed on
Apr 4, 2023
Sold by
Cole Properties Of Lafayette Llc
Bought by
Thore Investments Llc
Seller's Agent
Tabitha Casto
TruVant Realty
Buyer's Agent
Cathy Russell
@properties
List Price
$165,000
Sold Price
$137,500
Premium/Discount to List
-$27,500
-16.67%
Views
232
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
86.25%
Original Mortgage
$147,000
Interest Rate
6.27%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 28, 2010
Sold by
Cole Properties Llc
Bought by
Cole Properties Of Lafayette Llc
Purchase Details
Closed on
May 26, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Cole Properties Llc
Purchase Details
Closed on
Apr 9, 2010
Sold by
Johnston Gerald D and Johnston Nancy
Bought by
Deutsche Bank National Trust Company
Purchase Details
Closed on
Aug 15, 2005
Sold by
Johnston Gerald D
Bought by
Johnston Gerald D and Johnston Nancy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
5.8%
Mortgage Type
Commercial
Purchase Details
Closed on
May 24, 2001
Sold by
Oswalt Samual R and Oswalt Lawrence H
Bought by
Johnston Gerald D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,875
Interest Rate
7.07%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| I Love It Here Llc | $206,000 | Metropolitan Title | |
| Thore Investments Llc | $137,500 | Metropolitan Title | |
| Cole Properties Of Lafayette Llc | -- | None Available | |
| Cole Properties Llc | -- | Federated Land Title Agency | |
| Deutsche Bank National Trust Company | $49,125 | None Available | |
| Johnston Gerald D | -- | -- | |
| Johnston Gerald D | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | I Love It Here Llc | $144,200 | |
| Previous Owner | Thore Investments Llc | $147,000 | |
| Previous Owner | Cole Properties Of Lafayette Llc | $44,000 | |
| Previous Owner | Johnston Gerald D | $102,000 | |
| Previous Owner | Johnston Gerald D | $64,875 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/27/2023 11/27/23 | Sold | $206,000 | -8.4% | $140 / Sq Ft |
| 10/30/2023 10/30/23 | Pending | -- | -- | -- |
| 10/20/2023 10/20/23 | For Sale | $225,000 | +63.6% | $153 / Sq Ft |
| 04/04/2023 04/04/23 | Sold | $137,500 | -5.2% | $93 / Sq Ft |
| 03/22/2023 03/22/23 | Pending | -- | -- | -- |
| 03/17/2023 03/17/23 | Price Changed | $145,000 | -12.1% | $99 / Sq Ft |
| 03/03/2023 03/03/23 | For Sale | $165,000 | -- | $112 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $1,446 | $114,900 | $13,500 | $101,400 |
| 2023 | $1,446 | $72,200 | $13,500 | $58,700 |
| 2022 | $1,446 | $72,200 | $13,500 | $58,700 |
| 2021 | $1,447 | $72,200 | $13,500 | $58,700 |
| 2020 | $1,447 | $72,200 | $13,500 | $58,700 |
| 2019 | $1,447 | $72,200 | $16,200 | $56,000 |
| 2018 | $1,449 | $72,200 | $16,200 | $56,000 |
| 2017 | $1,448 | $72,200 | $16,200 | $56,000 |
| 2016 | $1,431 | $71,440 | $16,200 | $55,240 |
| 2014 | $1,360 | $67,800 | $16,200 | $51,600 |
| 2013 | $1,282 | $63,900 | $16,200 | $47,700 |
Source: Public Records
Agents Affiliated with this Home
-
Tabitha Casto
-
Cathy Russell
Seller's Agent in 2023
Cathy Russell
@properties
(765) 426-7000
12 in this area
700 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202338643
APN: 79-07-28-279-022.000-004
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