NOT LISTED FOR SALE

732 S 26th St Lafayette, IN 47904

Estimated Value: $266,000 - $320,000

4 Beds
4 Baths
2,231 Sq Ft
$131/Sq Ft Est. Value

Last Sold September 24, 2020

Last sale price $215,000 $96 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,737/month

11 Days on Market

Highlights

  • Detached Second Garage
  • Traditional Architecture
  • Forced Air Heating System
  • Radiant Floor
  • 2 Car Detached Garage
  • Level Lot

About This Home

As of September 2020

4 unit well cared for rental bringing in 2290/mo, 27480/yr. It has 2231 SF with 300 Sf basement and a 2 car gargage that could be a source of more income. This property must be sold with the 912 SF ranch w/basement & Gar next door at 728 S 26th St. There is a shared driveway. See docs for investment info combined.

Last Agent to Sell the Property

Judy Roark

BerkshireHathaway HS IN Realty Listed on: 07/20/2020

BerkshireHathaway HS IN Realty

Last Buyer's Agent

Teresa Bakehorn

Our House Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,068

Year Built

  • Built in 1925

Lot Details

  • 0.52 Acre Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

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

Flooring

  • Carpet
  • Radiant Floor
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Detached Second Garage
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Murdock Elementary School
  • Sunnyside/Tecumseh Middle School
  • Jefferson High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, heating, water
  • The owner pays for building insurance, fuel, lawn maintenance, maintenance, snow removal, tax
  • Assessor Parcel Number 79-07-28-432-021.000-004

Community Details

Overview

  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $200
  • Insurance Expense $785
  • Maintenance Expense $3,994
  • Water Sewer Expense $726

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,068

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1925
  • Age: 95
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: 60' X 160' OAKLAND AVE PT NE SE SEC 28 TWP 23 R4 0.40 A & 69' X 100' S LAF CARPET CO ADDN SEC 28 TWP 23 R4 0.12 A
  • Parcel Number ID: 79-07-28-432-021.000-004
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Countertops-Laminate, Water Heater Gas
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Parcel Id2: 156-10300-2319
  • Sp Lp Percent: 86.35
  • Annual Miscellaneous: 600
  • Monthly Gross Income: 2290
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 2531
  • Total Finished Sq Ft: 2231
  • Above Grade Finished Sq Ft: 2231
  • Below Grade Sq Ft: 300
  • Price Per Sq Ft: 96.37
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 300
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Aluminum, Vinyl
  • Roof Material: Asphalt
  • Stories: 2
  • Outbuilding: 2nd Detached Garage
  • Outbuilding Sq Ft: 576

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 6
  • Parking: Garage, Off Street, Paved, Street

Utilities

  • Cooling: Window
  • Heating Fuel: Electricity, Gas, Floor, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Cable Company: Comcast
  • Annual Fuel Expense: 200
  • Annual Insurance Expense: 785
  • Annual Maintenance Expense: 3994
  • Annual Water Sewer Expense: 726
  • Number Electric Meters: 4
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 60 x 160, 69 x 100
  • Estimated Lot Sq Ft: 22651
  • Estimated Lot Size Acres: 0.52

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Fuel, Lawn Maintenance, Maintenance, Snow Removal, Tax
  • Tenant Pays: Cable, Cooling, Electric, Heating, Water

Multi Family

  • Gross Monthly Rent: 2290
  • Number Of Dryers: 1
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 4
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 2068

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2020
Closed on
Sep 24, 2020
Sold by
Campus Living Properties Llc
Bought by
Prince Michael A
Seller's Agent
Judy Roark
BerkshireHathaway HS IN Realty
Buyer's Agent
Teresa Bakehorn
Our House Real Estate
List Price
$249,000
Sold Price
$215,000
Premium/Discount to List
-$34,000
-13.65%
Current Estimated Value
$293,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,000
Avg. Annual Appreciation
6.78%
Original Mortgage
$211,105
Outstanding Balance
$189,876
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$107,624

Purchase Details

Closed on
Jan 10, 2013
Sold by
Hickman Mary Ann
Bought by
Campus Living Properties 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
Prince Michael A -- None Available
Campus Living Properties Llc -- --
Campus Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prince Michael A $211,105
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2020 09/24/20 Sold $215,000 -13.7% $96 / Sq Ft
07/31/2020 07/31/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $249,000 -- $112 / 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 $1,712 $175,500 $13,000 $162,500
2023 $1,926 $123,000 $13,000 $110,000
2022 $1,805 $118,300 $13,000 $105,300
2021 $1,623 $107,500 $13,000 $94,500
2020 $949 $107,500 $13,000 $94,500
2019 $2,068 $103,400 $18,800 $84,600
2018 $2,068 $103,400 $18,800 $84,600
2017 $2,012 $100,600 $18,800 $81,800
2016 $2,012 $100,600 $18,800 $81,800
2014 $1,880 $94,000 $18,800 $75,200
2013 $1,760 $103,400 $34,200 $69,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202028114

Indiana Regional MLS

APN: 79-07-28-432-021.000-004