NOT LISTED FOR SALE

Estimated Value: $126,000 - $197,000

4 Beds
2 Baths
1,896 Sq Ft
$89/Sq Ft Est. Value

Last Sold May 16, 2022

Last sale price $167,500 $88 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,125/month

7 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Level Lot
  • Wood Flooring
  • Central Air
  • 3-minute walk to SIA South Tipp Park

About This Home

As of May 2022

This is a duplex with 2 Bedroom and 1 bath upstairs and 2 bedroom and bath downstairs. Both apartments have washer/Dryer, oven-range-elect, and refrigerator. Downstairs apartment has a dishwasher. There is a large parking area in the rear off the alley between Kossuth & Fairmont St. Seller has added air conditioning to both units, has upgraded plumbing, landscaped the parking area as well as the front of the duplex. He added a new refrigerator in 2019 and washer dryer to upstairs apartment. Upstairs has lease to July 2023 and lower level has lease to July 2022. A good incomer earner.

Last Agent to Sell the Property

Michael Clark

F.C. Tucker/Shook Listed on: 04/13/2022

F.C. Tucker/Shook

Last Buyer's Agent

Melanie Gilbert

BerkshireHathaway HS IN Realty

BerkshireHathaway HS IN Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,163

Year Built

  • Built in 1920

Lot Details

  • 6,660 Sq Ft Lot
  • Lot Dimensions are 50x132
  • Level Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Private Parking
  • Gravel Driveway
  • Off-Street Parking

Schools

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

Utilities

  • Central Air
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, electric, heating
  • The owner pays for tax
  • Assessor Parcel Number 79-07-29-405-010.000-004

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,236
  • Water Sewer Expense $675

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,163

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1920
  • Age: 102
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: W K ROCHESTERS 3RD LOT 18
  • Parcel Number ID: 79-07-29-405-010.000-004
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Ready, Countertops-Laminate, Porch Open, Water Heater Electric
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Monthly Gross Income: 1700
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 2256
  • Total Finished Sq Ft: 1896
  • Above Grade Finished Sq Ft: 1896
  • Below Grade Sq Ft: 360
  • Price Per Sq Ft: 88.34
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Tile, Wood
  • Main Level Sq Ft: 1128
  • Total Below Grade Sq Ft: 360
  • Number Of Ranges Ovens: 2

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Gravel, Private

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1236
  • Annual Water Sewer Expense: 675
  • Number Of W D Hookups: 2

Schools

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

Lot Info

  • Lot Description: Level, Slope
  • Lot Dimensions: 50X132
  • Estimated Lot Sq Ft: 6660
  • Estimated Lot Size Acres: 0.151

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Tax
  • Tenant Pays: Cable, Electric, Heating

Multi Family

  • Gross Monthly Rent: 1700
  • Number Of Dishwashers: 1
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1163

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2022
Closed on
May 13, 2022
Sold by
Newman and Elizabeth
Bought by
Busekrus Douglas and Busekrus Laura K
Seller's Agent
Michael Clark
F.C. Tucker/Shook
Buyer's Agent
Melanie Gilbert
BerkshireHathaway HS IN Realty
List Price
$167,500
Sold Price
$167,500
Current Estimated Value
$169,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,994
Avg. Annual Appreciation
3.20%
Original Mortgage
$125,625
Outstanding Balance
$120,234
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$64,842

Purchase Details

Closed on
Apr 12, 2019
Sold by
Slj Properties Llc
Bought by
Newman Daniel and Newman Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,900
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2010
Sold by
Lafayette Savings Bank Fsb
Bought by
Slj Properties L L C

Purchase Details

Closed on
Dec 29, 2005
Sold by
Neiburger Norman A and Neiburger Janice
Bought by
Lafayette Savings Bank Fsb

Purchase Details

Closed on
Apr 5, 2002
Sold by
Neiburger Norman A
Bought by
Neiburger Norman A and Neiburger Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,900,000
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 14, 2002
Sold by
Spencer James W and Spencer Kristine L
Bought by
Neiburger Norman A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,900,000
Interest Rate
7%
Mortgage Type
Commercial
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
Busekrus Douglas -- William Jaquinde
Newman Daniel -- None Available
Slj Properties L L C -- None Available
Lafayette Savings Bank Fsb -- None Available
Neiburger Norman A -- --
Neiburger Norman A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Busekrus Douglas $125,625
Previous Owner Newman Daniel $115,900
Previous Owner Neiburger Norman A $2,900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2022 05/16/22 Sold $167,500 0.0% $88 / Sq Ft
04/20/2022 04/20/22 Pending -- -- --
04/13/2022 04/13/22 For Sale $167,500 -- $88 / 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 $2,264 $113,200 $13,000 $100,200
2023 $2,088 $104,400 $13,000 $91,400
2022 $1,231 $99,900 $13,000 $86,900
2021 $1,163 $94,200 $13,000 $81,200
2020 $1,143 $93,100 $13,000 $80,100
2019 $1,212 $93,100 $10,000 $83,100
2018 $1,808 $90,400 $10,000 $80,400
2017 $1,760 $88,000 $10,000 $78,000
2016 $1,742 $87,130 $10,000 $77,130
2014 $1,792 $89,600 $10,000 $79,600
2013 $1,774 $88,700 $10,000 $78,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202212841

Indiana Regional MLS

APN: 79-07-29-405-010.000-004