NOT LISTED FOR SALE

722 E 500 S Lafayette, IN 47909

Estimated Value: $506,000 - $756,000

4 Beds
4.5 Baths
4,172 Sq Ft
$147/Sq Ft Est. Value

Last Sold December 18, 2015

Last sale price $495,000 $119 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,562/month

217 Days on Market

Highlights

  • Horse Facilities
  • Open Floorplan
  • Whirlpool Bathtub
  • McCutcheon High School Rated 9+
  • Partially Wooded Lot
  • Stone Countertops

About This Home

As of December 2015

Beautifully renovated farm house on 5 rolling acres with historic dairy barn and detached 2 story 3 car garage with large bonus room and bathroom. This home has everything of the country including horse stalls and privacy, with all of the modern amenities of a new home and only minutes from town. Large open floor plan, custom oak trim and crown molding, hickory cabinets, solid oak doors, granite countertops, stainless steel appliances. Garage includes heated floors on main level, full bath on second floor and surround sound speakers on both floors. You do not want to miss the view of the lower pasture from one of the three large porches! Act quick! This convenient, modern, country haven will not last long!!

Last Agent to Sell the Property

Ashley Milakis Spencer

Raeco Realty Listed on: 05/15/2015

Last Buyer's Agent

Ashley Milakis Spencer

Raeco Realty Listed on: 05/15/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,543

Year Built

  • Built in 1900

Lot Details

  • 5 Acre Lot
  • Lot Dimensions are 349x665
  • Rural Setting
  • Landscaped
  • Lot Has A Rolling Slope
  • Partially Wooded Lot
  • Historic Home

Parking

  • 3 Car Detached Garage
  • Heated Garage
  • Garage Door Opener

Home Design

  • Slab Foundation
  • Poured Concrete
  • Shingle Roof
  • Cedar
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Built-in Bookshelves
  • Built-In Features
  • Bar
  • Woodwork
  • Crown Molding
  • Tray Ceiling
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Wood Burning Fireplace
  • ENERGY STAR Qualified Windows
  • Entrance Foyer
  • Formal Dining Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Electric Oven or Range
  • Kitchen Island
  • Stone Countertops
  • Utility Sink
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Double Vanity
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry on main level
  • Laundry Chute
  • Electric Dryer Hookup

Partially Finished Basement

  • Stone or Rock in Basement
  • Crawl Space

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Covered Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • High-Efficiency Furnace
  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Wood
  • Well
  • Septic System
  • Cable TV Available

Additional Features

  • Energy-Efficient Appliances
  • Pasture

Community Details

  • Horse Facilities

Listing and Financial Details

  • Assessor Parcel Number 79-11-20-201-004.000-030

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,543

Year Built

Built in 1900

Lot Details

5 Acres

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1900
  • Style: Two Story
  • Architectural Style: Historic
  • Bedrooms: 4
  • Total Bathrooms: 5
  • Total Full Bathrooms: 4
  • Total Number of Half Bathrooms: 1
  • Legal Description: McCoy's Ravine Subdivision Lot 4
  • Parcel Number ID: 79-11-20-201-004.000-030
  • Platted: Yes
  • Amenities: Alarm System-Security, Bar, Breakfast Bar, Built-In Speaker System, Built-In Bookcase, Cable Ready, Ceiling-9+, Ceiling-Tray, Ceiling Fan(s), Closet(s) Walk-in, Countertops-Stone, Crown Molding, Deck Covered, Deck Open, Detector-Carbon Monoxide, Detector-Smoke, Disposal, Dryer Hook Up Electric, Eat-In Kitchen, Foyer Entry, Garage Door Opener, Jet Tub, Kitchen Island, Landscaped, Laundry-Chute, Natural Woodwork, Open Floor Plan, Pantry-Walk In, Porch Covered, Range/Oven Hook Up Elec, Twin Sink Vanity, Utility Sink, Stand Up Shower, Tub and Separate Shower, Tub/Shower Combination, Formal Dining Room, Garage-Heated, Main Floor Laundry
  • Location: Rural
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 5462
  • Total Finished Sq Ft: 4172
  • Above Grade Finished Sq Ft: 4172
  • Below Grade Sq Ft: 1290
  • Basement: Yes
  • Basement Foundation: Crawl, Slab, Partial Basement, Unfinished
  • Basement Material: Poured Concrete, Stone
  • Number Of Fireplaces: 1
  • Fireplace: Family Rm, Wood Burning
  • Flooring: Carpet, Tile
  • Living Great Room: Dimensions: 16x20, On Level: Main
  • Kitchen: Dimensions: 12x16, On Level: Main
  • Breakfast Room: Dimensions: 14x15, On Level: Main
  • Dining Room: Dimensions: 16x16, On Level: Main
  • Family Room: Dimensions: 1916x25, On Level: Main
  • Den: Dimensions: 12x12, On Level: Main
  • Bedroom 1: Dimensions: 14x20, On Level: Upper
  • Bedroom 2: Dimensions: 15x16, On Level: Upper
  • Bedroom 3: Dimensions: 14x16, On Level: Upper
  • Bedroom 4: Dimensions: 12x16, On Level: Upper
  • Other Room1: Sunroom, Dimensions: 14x16, On Level: Main
  • Other Room 2: Bonus, Dimensions: 33x44, On Level: Upper
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 1290

Exterior Features

  • Exterior: Cedar, Vinyl
  • Roof Material: Shingle
  • Outbuilding1: Outbuilding, Dimensions: 63x85

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 3
  • Garage Size: Dimensions: 32x24

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Wood, Forced Air, Hot Water, Multiple Heating Systems
  • Sewer: Septic
  • Water Utilities: Well
  • Hvac: Ceiling Fan, High Efficiency Furnace
  • Laundry: Dimensions: 8xMain, On Level: 15
  • Well Type: Unknown

Condo/Co-op/Association

  • Common Amenities: Horse Facilities

Lot Info

  • Lot Description: Partially Wooded, Rolling, Slope, Pasture
  • Lot Dimensions: 349x665
  • Estimated Lot Sq Ft: 217800
  • Estimated Lot Size Acres: 5

Green Features

  • Energy Efficient: Appliances
  • Energy Efficient Windows/Doors: Energy Star Windows

Tax Info

  • Annual Taxes: 2543.26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2015
Closed on
Dec 18, 2015
Sold by
Milakis Gregory A and Milakis Brenda L
Bought by
Kannal Lance E and Kannal Heather M
Seller's Agent
Ashley Milakis Spencer
Raeco Realty
Buyer's Agent
Ashley Milakis Spencer
Raeco Realty
List Price
$585,000
Sold Price
$495,000
Premium/Discount to List
-$90,000
-15.38%
Current Estimated Value
$613,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,825
Avg. Annual Appreciation
2.14%
Original Mortgage
$470,250
Outstanding Balance
$373,000
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$240,825
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Kannal Lance E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kannal Lance E $470,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2015 12/18/15 Sold $495,000 -15.4% $119 / Sq Ft
12/18/2015 12/18/15 Pending -- -- --
05/15/2015 05/15/15 For Sale $585,000 -- $140 / Sq Ft
Source: Indiana Regional MLS

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 $4,796 $556,800 $59,800 $497,000
2023 $4,705 $545,300 $59,800 $485,500
2022 $4,158 $481,400 $59,800 $421,600
2021 $4,001 $459,900 $59,800 $400,100
2020 $3,844 $447,000 $59,800 $387,200
2019 $3,595 $440,600 $59,800 $380,800
2018 $3,466 $432,900 $59,800 $373,100
2017 $3,450 $428,100 $59,800 $368,300
2016 $3,385 $422,400 $59,800 $362,600
2014 $2,543 $325,500 $58,200 $267,300
2013 $2,664 $323,300 $58,200 $265,100
Source: Public Records

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Map

Source: Indiana Regional MLS

MLS Number: 201522092

Indiana Regional MLS

APN: 79-11-20-201-004.000-030

Indiana Tippecanoe County Lafayette 47909

722 E 500 S, Lafayette, IN

Not Listed for Sale

Detached

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Indiana Regional MLS Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Based on information submitted to the MLS GRID

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