NOT LISTED FOR SALE

7501 Mushroom Ln Lafayette, IN 47905

Estimated Value: $450,000 - $524,000

3 Beds
2 Baths
1,848 Sq Ft
$269/Sq Ft Est. Value

Last Sold October 23, 2023

Last sale price $545,000 $295 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $3,013/month

4 Days on Market

Highlights

  • Primary Bedroom Suite
  • 17 Acre Lot
  • Traditional Architecture
  • Wyandotte Elementary School Rated A-
  • Heavily Wooded Lot
  • Cathedral Ceiling

About This Home

As of October 2023

Experience the best of both worlds living in this authentic log cabin on a secluded 17-plus acre but just minutes from Lafayette. The house itself features plenty of open space for entertaining, a nice porch on the front and a screened-in porch in the back, a full basement with plenty of height for finishing and adding lots of living space and value, and a loft area. Included with the property is an additional pole barn with plenty of room for a shop and storage for your boat, ATV, classic car, or other toys. The property itself is a great mixture of tillable acreage, pasture, and woods. Even better, the property produces nearly $12,000 a year in income from a tower lease and the tillable acreage.

Last Agent to Sell the Property

Sherry Cole

Keller Williams Lafayette Brokerage Phone: 765-426-9442 Listed on: 08/11/2023

Keller Williams Lafayette

Last Buyer's Agent

John Townsend

Trueblood Real Estate

Trueblood Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,032

Year Built

  • Built in 1998

Lot Details

  • 17 Acre Lot
  • Rural Setting
  • Wood Fence
  • Level Lot
  • Heavily Wooded Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Log Cabin
  • Poured Concrete
  • Asphalt Roof
  • Wood Siding
  • Log Siding
  • Cedar

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Living Room with Fireplace
  • Formal Dining Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Washer and Gas Dryer Hookup

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

  • Home Security System
  • Fire and Smoke Detector

Schools

  • Hershey Elementary School
  • East Tippecanoe Middle School
  • William Henry Harrison High School

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Well
  • Septic System

Additional Features

  • Enclosed patio or porch
  • Pasture

Listing and Financial Details

  • Assessor Parcel Number 79-08-21-200-007.000-009

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,032

Year Built

Built in 1998

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1998
  • Age: 25
  • Style: Two Story
  • Architectural Style: Log, Traditional
  • Total Number of Rooms: 7
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: PT W NE SEC 21 TWP 23 R3 11.332 A, PT SW NE SEC 21 TWP 23 R3 5.778 A PT SW NE SEC 21 TWP 23 R3 0.805 A PER SURVEY
  • Parcel Number ID: 79-08-21-200-007.000-009
  • Platted: Yes
  • Amenities: Alarm System-Security, Ceiling-Cathedral, Ceiling Fan(s), Countertops-Laminate, Crown Molding, Deck Open, Detector-Smoke, Disposal, Dryer Hook Up Gas, Eat-In Kitchen, Garage Door Opener, Natural Woodwork, Patio Covered, Patio Open, Porch Covered, Porch Enclosed, Range/Oven Hook Up Gas, Tub/Shower Combination, Main Level Bedroom Suite, Formal Dining Room, Main Floor Laundry, Sump Pump, Washer Hook-Up
  • Location: Rural Subdivision
  • Sp Lp Percent: 99.09
  • Year Taxes Payable: 2023
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 3696
  • Total Finished Sq Ft: 1848
  • Above Grade Finished Sq Ft: 1848
  • Below Grade Sq Ft: 1848
  • Price Per Sq Ft: 294.91
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, Wood Burning Stove
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile
  • Living Great Room: Dimensions: 28x18, On Level: Main
  • Kitchen: Dimensions: 14x14, On Level: Main
  • Dining Room: Dimensions: 14x10, On Level: Main
  • Bedroom 1: Dimensions: 10x11, On Level: Main
  • Bedroom 2: Dimensions: 13x10, On Level: Main
  • Bedroom 3: Dimensions: 15x13, On Level: Main
  • Loft: Dimensions: 19x17, On Level: Upper
  • Number of Main Level Full Bathrooms: 2
  • Total Below Grade Sq Ft: 1848

Exterior Features

  • Exterior: Cedar, Wood, Log
  • Roof Material: Asphalt
  • Outbuilding1: Pole/Post Building, Dimensions: 30x40
  • Fence: Wood

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 23x28
  • Garage Sq Ft: 644
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Propane, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Well Type: Unknown

Schools

  • School District: Tippecanoe School Corp.
  • Elementary School: Hershey
  • Middle School: East Tippecanoe
  • High School: William Henry Harrison
  • Elementary School: Hershey

Lot Info

  • Lot Description: Heavily Wooded, Level, Partially Wooded, 15+, Pasture, Wooded
  • Lot Dimensions: IRR
  • Estimated Lot Sq Ft: 740520
  • Estimated Lot Size Acres: 17

Tax Info

  • Annual Taxes: 2031.9
  • Exemptions: Homestead

MLS Schools

  • High School: William Henry Harrison
  • Middle School: East Tippecanoe
  • School District: Tippecanoe School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2023
Closed on
Oct 23, 2023
Sold by
Werner Thomas D and Werner Nancy L
Bought by
Beck Property Holdings Llc
Seller's Agent
Sherry Cole
Keller Williams Lafayette
Buyer's Agent
John Townsend
Trueblood Real Estate
List Price
$550,000
Sold Price
$545,000
Premium/Discount to List
-$5,000
-0.91%
Views
55
Current Estimated Value
$496,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,241
Avg. Annual Appreciation
-4.82%
Original Mortgage
$495,000
Interest Rate
7.18%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Beck Property Holdings Llc $495,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Beck Property Holdings Llc $495,000
Previous Owner Jb Towers Llc $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2023 10/23/23 Sold $545,000 -0.9% $295 / Sq Ft
08/15/2023 08/15/23 Pending -- -- --
08/11/2023 08/11/23 For Sale $550,000 -- $298 / 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 $4,519 $253,700 $45,700 $208,000
2023 $4,519 $317,900 $45,700 $272,200
2022 $2,032 $268,400 $42,800 $225,600
2021 $1,985 $264,100 $41,200 $222,900
2020 $1,770 $245,000 $41,200 $203,800
2019 $1,708 $237,400 $43,200 $194,200
2018 $1,648 $233,500 $43,600 $189,900
2017 $1,648 $230,300 $45,300 $185,000
2016 $1,615 $227,600 $46,100 $181,500
2014 $1,487 $203,100 $54,800 $148,300
2013 $1,376 $191,500 $52,700 $138,800
Source: Public Records

Agents Affiliated with this Home

  • Sherry Cole

    Seller's Agent in 2023

    Sherry Cole

    Keller Williams Lafayette

    (765) 426-9442

    701 Total Sales

    Sherry Cole
    Section Image
  • John Townsend

    Buyer's Agent in 2023

    John Townsend

    Trueblood Real Estate

    (765) 250-0050

    154 Total Sales

    John Townsend
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202328590

Indiana Regional MLS

APN: 79-08-21-200-007.000-009

Indiana Tippecanoe County Lafayette 47905

7501 Mushroom Ln, Lafayette, IN

This home is located at 7501 Mushroom Ln, Lafayette, IN 47905 since 11 August 2023 and is currently estimated at $496,759, approximately $268 per square foot. This property was built in 1998. 7501 Mushroom Ln is a home located in Tippecanoe County with nearby schools including Wyandotte Elementary School, East Tipp Middle School, and William Henry Harrison High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS 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.

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