NOT LISTED FOR SALE

Estimated Value: $119,834 - $238,000

5 Beds
3 Baths
2,038 Sq Ft
$82/Sq Ft Est. Value

Last Sold October 27, 2023

Last sale price $115,000 $56 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,100/month

59 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • Baseboard Heating
  • Wood Flooring
  • Forced Air Heating and Cooling System

About This Home

As of October 2023

Fantastic investment opportunity! This triplex, conveniently located near downtown Lafayette, offers incredible potential. Two units are already generating $1,500 per month, providing immediate cash flow. The third unit, ready for a remodel, presents a chance to customize and increase rental income. While the exterior requires some attention, the location's appeal and rental income potential make this triplex a compelling venture. Don't miss out on this chance to capitalize on the booming Lafayette market!

Last Listed By

Calvin Dykhuizen

Trueblood Real Estate Brokerage Phone: 765-426-3928 Listed on: 08/25/2023

Trueblood Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,992

Year Built

  • Built in 1930

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 68x79
  • Corner Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Brick Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Storage In Attic

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms

Partially Finished Basement

  • 1 Bathroom in Basement
  • 1 Bedroom in Basement

Location

  • Suburban Location

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 79-07-21-256-001.000-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,992

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1930
  • Age: 93
  • Style: Two Story
  • Architectural Style: Traditional
  • Total Number of Rooms: 9
  • Total Number of Rooms Below Grade: 3
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: ECHO ADDN LOT 51
  • Parcel Number ID: 79-07-21-256-001.000-004
  • Platted: Yes
  • Amenities: Attic Storage
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 79.37
  • Year Taxes Payable: 2023
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 2797
  • Total Finished Sq Ft: 2038
  • Above Grade Finished Sq Ft: 2038
  • Below Grade Sq Ft: 759
  • Price Per Sq Ft: 56.43
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Brick
  • Flooring: Carpet, Hardwood Floors
  • Living Great Room: Dimensions: 12x14, On Level: Main
  • Dining Room: Dimensions: 11x12, On Level: Upper
  • Family Room: Dimensions: 12x12, On Level: Main
  • Recreation Room: Dimensions: 14x12, On Level: Lower
  • Bedroom 1: Dimensions: 10x10, On Level: Main
  • Bedroom 2: Dimensions: 10x10, On Level: Main
  • Bedroom 3: Dimensions: 11x10, On Level: Upper
  • Bedroom 4: Dimensions: 10x10, On Level: Upper
  • Bedroom 5: Dimensions: 10x10, On Level: Lower
  • Other Room1: Kitchen 2, Dimensions: 12x12, On Level: Upper
  • Other Room 2: Kitchen 3, Dimensions: 12x12, On Level: Lower
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 759

Exterior Features

  • Exterior: Vinyl
  • Outbuilding1: None

Garage/Parking

  • Driveway: Concrete

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Gas, Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City

Schools

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

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 68x79
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12

Tax Info

  • Annual Taxes: 1992

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2023
Closed on
Oct 27, 2023
Sold by
Harry A Cole Revocable Living Trust
Bought by
Arana Victor Manuel Salaz
Seller's Agent
Calvin Dykhuizen
Trueblood Real Estate
Buyer's Agent
Eduardo Banales
Real Broker, LLC
List Price
$144,900
Sold Price
$115,000
Premium/Discount to List
-$29,900
-20.63%
Total Days on Market
59
Views
83
Current Estimated Value
$166,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,209
Avg. Annual Appreciation
3.06%

Purchase Details

Closed on
Aug 10, 2015
Sold by
Cole Harry A
Bought by
Cole Trust

Purchase Details

Closed on
Jun 14, 2007
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Cole Harry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,520
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 6, 2006
Sold by
Meadows Terry L
Bought by
Federal Home Loan Mortgage Corporation

Range of Values:

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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
Arana Victor Manuel Salaz $115,000 Metropolitan Title
Cole Trust -- --
Cole Harry A -- Statewide Title Company Inc
Federal Home Loan Mortgage Corporation $85,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cole Harry A $80,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2023 10/27/23 Sold $115,000 -20.6% $56 / Sq Ft
10/23/2023 10/23/23 Pending -- -- --
10/23/2023 10/23/23 For Sale $144,900 0.0% $71 / Sq Ft
10/23/2023 10/23/23 Price Changed $144,900 -9.4% $71 / Sq Ft
09/01/2023 09/01/23 Pending -- -- --
08/25/2023 08/25/23 For Sale $159,900 -- $78 / 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 $2,082 $161,000 $13,000 $148,000
2023 $2,082 $104,000 $13,000 $91,000
2022 $1,993 $99,500 $13,000 $86,500
2021 $1,995 $82,900 $13,000 $69,900
2020 $1,661 $82,900 $13,000 $69,900
2019 $1,662 $82,900 $11,000 $71,900
2018 $1,646 $82,100 $11,000 $71,100
2017 $1,602 $79,900 $11,000 $68,900
2016 $1,587 $79,150 $11,000 $68,150
2014 $1,497 $74,700 $11,000 $63,700
2013 $1,399 $69,800 $11,000 $58,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202331032

Indiana Regional MLS

APN: 79-07-21-256-001.000-004