NOT LISTED FOR SALE

650 N 8th St Lafayette, IN 47901

Centennial Neighborhood

Estimated Value: $202,000 - $269,000

5 Beds
7 Baths
2,419 Sq Ft
$97/Sq Ft Est. Value

Last Sold July 14, 2017

Last sale price $40,480 $17 Per Sq Ft

Est. 482% increase in value since last sale

Current estimated payment $1,518/month

80 Days on Market

Highlights

  • Traditional Architecture
  • Brick Flooring
  • 4-minute walk to Centennial Park
  • Eat-In Kitchen
  • Central Air

About This Home

As of July 2017

Inspections welcome, but property sold as is. Fantastic investment opportunity! Building includes 2 units that, with some TLC, will provide great cash flow. This property is priced to sell!

Last Agent to Sell the Property

Grant Thompson

Raeco Realty Listed on: 03/06/2017

Last Buyer's Agent

LAF NonMember

NonMember LAF

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1901

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 120x92
  • Sloped Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Foundation
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Block Basement Construction

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Brick
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

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

Location

  • Suburban Location

Utilities

  • Central Air
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric, heating, water
  • Assessor Parcel Number 79-07-20-432-013.000-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1901
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 5
  • Total Bathrooms: 7
  • Total Full Bathrooms: 5
  • Total Number of Half Bathrooms: 2
  • Legal Description: JENNINGS ADMR S1/2 EX 5FT & N1/2 PARK ST VACATED LOT 30&31 & PT VAC ALLEY
  • Parcel Number ID: 79-07-20-432-013.000-004
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Countertops-Laminate, Eat-In Kitchen, Water Heater Gas
  • Location: City/Town/Suburb
  • Special Features: None

Interior Features

  • Total Sq Ft: 3381
  • Total Finished Sq Ft: 2419
  • Above Grade Finished Sq Ft: 2419
  • Below Grade Sq Ft: 962
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block, Brick
  • Flooring: Carpet, Unfinished, Brick
  • Main Level Sq Ft: 1457
  • Total Below Grade Sq Ft: 962

Exterior Features

  • Exterior: Aluminum, Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 2

Lot Info

  • Lot Description: Slope
  • Lot Dimensions: 120x92
  • Estimated Lot Sq Ft: 10890
  • Estimated Lot Size Acres: 0.25

Rental Info

  • Tenant Pays: Electric, Heating, Water

Tax Info

  • Annual Property Tax: 1370

Multi Family

  • Number Of Units: 1
  • Num Of1 Bedrooms: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2018
Sold by
Griswold Ryan
Bought by
Ragusa Llc
Current Estimated Value
$235,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Outstanding Balance
$55,280
Interest Rate
4.45%
Mortgage Type
New Conventional
Estimated Equity
$180,220

Purchase Details

Listed on
Mar 6, 2017
Closed on
Jul 14, 2017
Sold by
Prosper Properties Group Llc
Bought by
Griswold Ryan
Seller's Agent
Grant Thompson
Raeco Realty
Buyer's Agent
LAF NonMember
NonMember LAF
List Price
$44,500
Sold Price
$40,480
Premium/Discount to List
-$4,020
-9.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.48%

Purchase Details

Closed on
Feb 9, 2017
Sold by
Kb Asset Management Llc
Bought by
Prosper Property Group Llc

Purchase Details

Closed on
Jun 23, 2004
Sold by
Lafayette Bank & Trust Co Na
Bought by
Aim Management Inc
Source: Public Records

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
Ragusa Llc -- None Available
Griswold Ryan -- --
Prosper Property Group Llc -- --
Aim Management Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ragusa Llc $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2017 07/14/17 Sold $40,480 -9.0% $17 / Sq Ft
05/25/2017 05/25/17 Pending -- -- --
03/06/2017 03/06/17 For Sale $44,500 -- $18 / 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 $3,328 $153,400 $19,500 $133,900
2023 $2,334 $116,700 $19,500 $97,200
2022 $2,234 $111,700 $19,500 $92,200
2021 $1,942 $97,100 $19,500 $77,600
2020 $1,494 $74,700 $16,300 $58,400
2019 $1,494 $74,700 $10,000 $64,700
2018 $1,480 $74,000 $10,000 $64,000
2017 $1,440 $72,000 $10,000 $62,000
2016 $1,440 $72,000 $10,000 $62,000
2014 $1,342 $67,100 $10,000 $57,100
2013 $1,242 $62,100 $10,000 $52,100
Source: Public Records

Agents Affiliated with this Home

  • Grant Thompson

    Seller's Agent in 2017

    Grant Thompson

    Raeco Realty

    (765) 412-2325

    79 Total Sales

    Grant Thompson
    Section Image

  • L

    Buyer's Agent in 2017

    LAF NonMember

    NonMember LAF

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Map

Source: Indiana Regional MLS

MLS Number: 201708822

Indiana Regional MLS

APN: 79-07-20-432-013.000-004

Indiana Tippecanoe County Lafayette 47901 Centennial

650 N 8th St, Lafayette, IN

Not Listed for Sale

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