802 Columbia St Lafayette, IN 47901
Downtown NeighborhoodEstimated Value: $356,000 - $369,291
4
Beds
1.5
Baths
3,118
Sq Ft
$116/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Covered patio or porch
- Built-in Bookshelves
- Corner Lot
- Fenced Yard
- Entrance Foyer
About This Home
As of March 2024Unique investment opportunity. This building features two units and a large basement that are each leased making three units. 802 Columbia is currently rented as a 4 bedroom apartment but in the past was used for a salon and then as psychiatric offices. 109 N 8th st is an office space. Both share use of the handicap ramp on the back of the building for ada compliance. The basement space is rented as storage. All spaces are leased until May 31, 2024. The favorable zoning is ready for redevelopment and the lease timeline will keep the property cash flowing while plans are in the works. Within walking distance to all downtown attractions, the apartment has 4 bedrooms, a large kitchen, 1.5 baths. The entry and living room are gorgeous with stunning original wood and glass features. Features include hardwood floors, French doors, fireplace, built-in bookcases and beautiful antique ceiling fixtures. Tenant occupied. Proof of funds required for showings. Please allow 24 Hours notice for showings.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,951
Year Built
- Built in 1915
Lot Details
- 6,316 Sq Ft Lot
- Lot Dimensions are 49' x 129'
- Fenced Yard
- Wood Fence
- Aluminum or Metal Fence
- Corner Lot
- Level Lot
- Historic Home
Home Design
- Shingle Roof
- Asphalt Roof
- Stucco Exterior
Interior Spaces
- 2-Story Property
- Built-in Bookshelves
- Ceiling Fan
- Entrance Foyer
- Fire and Smoke Detector
- Laundry in Bathroom
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Block Basement Construction
- Crawl Space
Parking
- 5 Parking Spaces
- Gravel Driveway
- Off-Street Parking
Schools
- Thomas Miller Elementary School
- Sunnyside/Tecumseh Middle School
- Jefferson High School
Utilities
- Central Air
- Hot Water Heating System
Additional Features
- Covered patio or porch
- Suburban Location
Listing and Financial Details
- Tenant pays for electric, fuel, heating, lawn maintenance, snow removal, sewer, trash collection, water
- The owner pays for building insurance
- Assessor Parcel Number 79-07-20-486-001.000-004
Community Details
Building Details
- Insurance Expense $505
- Maintenance Expense $1,777
Additional Features
- 2 Units
- Community Storage Space
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 30, 2023
Closed on
Mar 27, 2024
Sold by
Spring Valley Management Llc
Bought by
Blackbird House Llc
Seller's Agent
Stephen Halsema
Smartdigs, LLC
Buyer's Agent
Sidney Stelly
Keller Williams Lafayette
List Price
$449,500
Sold Price
$340,000
Premium/Discount to List
-$109,500
-24.36%
Total Days on Market
231
Views
599
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,764
Avg. Annual Appreciation
5.80%
Original Mortgage
$2,000,000
Outstanding Balance
$1,978,766
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
-$1,616,002
Purchase Details
Closed on
Mar 31, 2017
Sold by
Kiser David J and Sullivan Rebecca
Bought by
Spring Valley Management Llc
Purchase Details
Closed on
May 6, 2003
Sold by
Ticen Russell W
Bought by
Kiser David J and Sullivan Rebecca
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Lafayette, IN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Blackbird House Llc | -- | Columbia Title | |
| Spring Valley Management Llc | -- | -- | |
| Kiser David J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Blackbird House Llc | $2,000,000 | |
| Previous Owner | Kiser David J | $120,855 | |
| Previous Owner | Kiser David J | $185,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/27/2024 03/27/24 | Sold | $340,000 | -9.3% | $109 / Sq Ft |
| 02/16/2024 02/16/24 | Pending | -- | -- | -- |
| 10/03/2023 10/03/23 | Price Changed | $375,000 | -5.1% | $120 / Sq Ft |
| 09/05/2023 09/05/23 | Price Changed | $395,000 | -8.1% | $127 / Sq Ft |
| 08/10/2023 08/10/23 | Price Changed | $429,750 | -4.4% | $138 / Sq Ft |
| 06/30/2023 06/30/23 | For Sale | $449,500 | -- | $144 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $5,669 | $226,600 | -- | $226,600 |
| 2023 | $5,669 | $238,700 | $98,200 | $140,500 |
| 2022 | $3,951 | $153,700 | $57,000 | $96,700 |
| 2021 | $4,016 | $150,700 | $93,700 | $57,000 |
| 2020 | $4,005 | $150,700 | $93,700 | $57,000 |
| 2019 | $3,998 | $150,700 | $93,700 | $57,000 |
| 2018 | $2,954 | $207,900 | $91,900 | $116,000 |
| 2017 | $5,356 | $206,800 | $91,900 | $114,900 |
| 2016 | $5,256 | $206,800 | $91,900 | $114,900 |
| 2014 | $5,184 | $203,500 | $91,900 | $111,600 |
| 2013 | $5,125 | $203,500 | $91,900 | $111,600 |
Source: Public Records
Agents Affiliated with this Home
-
Stephen Halsema
Seller's Agent in 2024
Stephen Halsema
Smartdigs, LLC
(765) 413-3768
1 in this area
15 Total Sales
-
Sidney Stelly
Buyer's Agent in 2024
Sidney Stelly
Keller Williams Lafayette
(574) 242-1290
1 in this area
44 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202322734
APN: 79-07-20-486-001.000-004
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