818 N 7th St Lafayette, IN 47904
Lincoln NeighborhoodEstimated Value: $115,145 - $247,000
6
Beds
2
Baths
1,888
Sq Ft
$87/Sq Ft
Est. Value
Highlights
- Covered patio or porch
- Forced Air Heating and Cooling System
- 4-minute walk to Centennial Park
- Tile Flooring
About This Home
As of March 2019GREAT CASH FLOWING OPPORTUNITY! Over $14,000 NOI with extremely reliable tenants. Seperated gas meters, electric meters, furnaces, A/C and hot water heaters. New front porch and well maintained mechanicals. Includes a 2 car garage which could be used for added revenue. Just a short distance to all downtown attractions and a quick trip to West Lafayette. Recently appraised for $100,000. Appraisal and Rent Roll included in associated documents.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,392
Year Built
- Built in 1870
Lot Details
- 4,092 Sq Ft Lot
- Lot Dimensions are 31x132
Home Design
- Duplex
- Brick Foundation
- Shingle Roof
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Partially Finished Basement
- Laundry in Basement
- Laminate Countertops
- Washer Hookup
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Parking
- Gravel Driveway
- On-Street Parking
- Off-Street Parking
Schools
- Thomas Miller Elementary School
- Sunnyside/Tecumseh Middle School
- Jefferson High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Gas Water Heater
Additional Features
- Covered patio or porch
- Suburban Location
Listing and Financial Details
- Tenant pays for cable, cooling, electric, fuel, heating, trash collection, water
- The owner pays for building insurance, maintenance, sewer, water
- Assessor Parcel Number 79-07-20-261-005.000-004
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,000
- Maintenance Expense $1,200
- Water Sewer Expense $720
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 20, 2019
Closed on
Mar 9, 2019
Sold by
Kitchel Michael and Kitchel Audrey
Bought by
Liu Chaofeng
Seller's Agent
Chris Bradford
Bradford Real Estate
Buyer's Agent
Chris Bradford
Bradford Real Estate
List Price
$85,000
Sold Price
$72,500
Premium/Discount to List
-$12,500
-14.71%
Total Days on Market
9
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
$90,882
Avg. Annual Appreciation
9.62%
Purchase Details
Closed on
Dec 21, 2007
Sold by
Lafayette Savings Bank Fsb
Bought by
Kitchel Michael and Kitchel Audrey
Purchase Details
Closed on
Jan 9, 2007
Sold by
Reiss Timothy M
Bought by
Lafayette Savings Bank Fsb
Purchase Details
Closed on
Nov 25, 2002
Sold by
Weaver Timothy
Bought by
Reiss Timothy M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,600
Interest Rate
6.22%
Mortgage Type
Commercial
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 Home in Lafayette, IN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Liu Chaofeng | -- | None Available | |
| Kitchel Michael | -- | None Available | |
| Lafayette Savings Bank Fsb | $79,000 | None Available | |
| Reiss Timothy M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Warmwell Real Estate Llc | $1,000,000 | |
| Previous Owner | Reiss Timothy M | $97,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/11/2019 03/11/19 | Sold | $72,500 | -14.7% | $38 / Sq Ft |
| 02/20/2019 02/20/19 | For Sale | $85,000 | -- | $45 / 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 | $1,734 | $170,700 | $9,800 | $160,900 |
| 2023 | $1,734 | $86,700 | $9,800 | $76,900 |
| 2022 | $1,660 | $83,000 | $9,800 | $73,200 |
| 2021 | $1,444 | $72,200 | $9,800 | $62,400 |
| 2020 | $1,444 | $72,200 | $9,800 | $62,400 |
| 2019 | $1,444 | $72,200 | $13,800 | $58,400 |
| 2018 | $1,430 | $71,500 | $13,800 | $57,700 |
| 2017 | $1,392 | $69,600 | $13,800 | $55,800 |
| 2016 | $1,368 | $68,440 | $13,800 | $54,640 |
| 2014 | $1,306 | $65,300 | $13,800 | $51,500 |
| 2013 | $1,234 | $61,700 | $13,800 | $47,900 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Bradford
Seller's Agent in 2019
Chris Bradford
Bradford Real Estate
(765) 714-2550
3 in this area
145 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 201905819
APN: 79-07-20-261-005.000-004
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