NOT LISTED FOR SALE

7501 Mushroom Ln Lafayette, IN 47905

Estimated Value: $449,000 - $561,000

3 Beds
2 Baths
1,848 Sq Ft
$275/Sq Ft Est. Value

Last Sold October 23, 2023

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

Est. 7% decrease in value since last sale

Current estimated payment $2,962/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
  • Style: Two Story
  • Architectural Style: Log, Traditional
  • 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
  • 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
  • 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: Yes
  • Off Street Parking: Yes

Utilities

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

Schools

  • 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
$507,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,047
Avg. Annual Appreciation
-3.25%
Original Mortgage
$495,000
Interest Rate
7.18%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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 $3,513 $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

    637 Total Sales

    Sherry Cole
    Section Image
  • John Townsend

    Buyer's Agent in 2023

    John Townsend

    Trueblood Real Estate

    (765) 250-0050

    166 Total Sales

    John Townsend
    Section Image
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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

Not Listed for Sale

Detached

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