NOT LISTED FOR SALE

8310 Summit Terrace Lafayette, IN 47905

Estimated Value: $324,000 - $462,699

3 Beds
2.5 Baths
3,010 Sq Ft
$139/Sq Ft Est. Value

Last Sold February 26, 2016

Last sale price $267,000 $89 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,440/month

96 Days on Market

Highlights

  • Ranch Style House
  • Walk-In Pantry
  • Utility Sink
  • Hershey Elementary School Rated A-
  • Formal Dining Room
  • 2 Car Attached Garage

About This Home

As of February 2016

Looking for a perfect property to entertain horses? Look no further than this Randy Schaffer built nearly all brick walkout ranch on over 4 acres. The home itself offers a beautiful large kitchen complete with a walk in pantry, gorgeous hickory cabinetry, and high dollar Electrolux stainless appliances. The spacious walkout basement offers room for a 3rd and 4th bedroom while also offering a work shop area that has a garage door for easy access from outside. The property offers 3 large outbuildings: a 41x18 building w gravel floor, a 12x32 shed, and a 48x60 barn w new steel roof. All in all, the owner has dropped nearly $50K in improvements in the last few years between new metal roofing, a HvAC system and heat pump, and interior updates. 3rd bdrm in lower walkout to be completed if buyer desire. Plans available and could be completed by closing.

Last Agent to Sell the Property

Kristy Sporre

Keller Williams Lafayette Listed on: 10/08/2015

Keller Williams Lafayette

Last Buyer's Agent

Michelle Wagoner

Keller Williams Lafayette

Keller Williams Lafayette

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,574

Year Built

  • Built in 1998

Lot Details

  • 4.3 Acre Lot
  • Rural Setting
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Poured Concrete
  • Metal Roof
  • Cedar

Interior Spaces

  • Ceiling Fan
  • Gas Log Fireplace
  • Entrance Foyer
  • Formal Dining Room
  • Pull Down Stairs to Attic
  • Home Security System
  • Gas Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • Kitchen Island
  • Utility Sink
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Finished Basement

  • Walk-Out Basement
  • 1 Bedroom in Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Propane
  • Private Company Owned Well
  • Well
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 79-04-15-177-001.000-027

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,574

Year Built

Built in 1998

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1998
  • Age: 18
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 11
  • Total Number of Rooms Below Grade: 2
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: PT N SEC 15 TWP 24 R3 4.30 A
  • Parcel Number ID: 79-04-15-177-001.000-027
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Alarm System-Security, Attic Pull Down Stairs, Cable Ready, Ceiling Fan(s), Disposal, Dryer Hook Up Gas, Eat-In Kitchen, Foyer Entry, Garage Door Opener, Kitchen Island, Pantry-Walk In, Utility Sink, Formal Dining Room
  • Location: Rural, Rural Subdivision
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 89.03
  • Special Features: None

Interior Features

  • Total Sq Ft: 3460
  • Total Finished Sq Ft: 3010
  • Above Grade Finished Sq Ft: 2238
  • Below Grade Finished Sq Ft: 772
  • Below Grade Sq Ft: 450
  • Basement: Yes
  • Basement Foundation: Walk-Out Basement, Finished
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 1
  • Fireplace: Family Rm, Gas Log
  • Flooring: Carpet, Tile
  • Living Great Room: Dimensions: 18x20, On Level: Main
  • Kitchen: Dimensions: 13x16, On Level: Main
  • Breakfast Room: Dimensions: 14x10, On Level: Main
  • Dining Room: Dimensions: 12x12
  • Family Room: Dimensions: 15x17, On Level: Basement
  • Bedroom 1: Dimensions: 15x17, On Level: Main
  • Bedroom 2: Dimensions: 15x12, On Level: Main
  • Bedroom 3: Dimensions: 19x16, On Level: Basement
  • Other Room1: Sunroom, Dimensions: 10x10, On Level: Main
  • Other Room 2: Foyer, Dimensions: 5x16, On Level: Main
  • Number of Main Level Full Bathrooms: 2
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 1222

Exterior Features

  • Exterior: Brick, Cedar
  • Roof Material: Metal
  • Outbuilding1: Outbuilding, Dimensions: 18x41
  • Outbuilding2: Horse Facilities, Dimensions: 60x48, 2880

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x21
  • Garage Sq Ft: 504

Utilities

  • Cooling: Central Air
  • Heating Fuel: Propane, Forced Air, Heat Pump
  • Sewer: Septic
  • Water Utilities: Well
  • Laundry: Dimensions: 7xMain, On Level: 8
  • Well Type: Private

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: IRREGULAR
  • Estimated Lot Sq Ft: 187308
  • Estimated Lot Size Acres: 4.3
  • Zoning: R1 - Single Family Residential

Tax Info

  • Annual Taxes: 1574.32
  • Exemptions: Homestead, Mortgage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2015
Closed on
Feb 26, 2016
Sold by
Kline Richard G
Bought by
Kellar James and Kellar Shelley
Seller's Agent
Kristy Sporre
Keller Williams Lafayette
Buyer's Agent
Michelle Wagoner
Keller Williams Lafayette
List Price
$299,900
Sold Price
$267,000
Premium/Discount to List
-$32,900
-10.97%
Current Estimated Value
$418,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,175
Avg. Annual Appreciation
4.93%
Original Mortgage
$213,600
Outstanding Balance
$172,807
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$250,265
Source: Public Records

Range of Values:

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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
Kellar James -- Columbia Title
Kellar James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kellar James $213,600
Closed Kellar James $213,600
Open Kellar James $313,600
Previous Owner Kline Richard G $108,500
Previous Owner Kline Richard G $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2016 02/26/16 Sold $267,000 -11.0% $89 / Sq Ft
01/12/2016 01/12/16 Pending -- -- --
10/08/2015 10/08/15 For Sale $299,900 -- $100 / 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 $2,540 $334,300 $43,000 $291,300
2023 $2,488 $319,900 $43,000 $276,900
2022 $2,126 $285,500 $43,000 $242,500
2021 $2,126 $268,400 $43,000 $225,400
2020 $2,084 $268,400 $43,000 $225,400
2019 $2,085 $269,600 $43,000 $226,600
2018 $1,885 $253,300 $33,200 $220,100
2017 $1,886 $251,300 $33,200 $218,100
2016 $1,880 $252,400 $33,200 $219,200
2014 $1,574 $220,300 $33,200 $187,100
2013 $1,669 $221,200 $33,200 $188,000
Source: Public Records

Agents Affiliated with this Home

  • Kristy Sporre

    Seller's Agent in 2016

    Kristy Sporre

    Keller Williams Lafayette

    (765) 426-5556

    112 Total Sales

    Kristy Sporre
    Section Image
  • Michelle Wagoner

    Buyer's Agent in 2016

    Michelle Wagoner

    Keller Williams Lafayette

    (765) 427-8386

    293 Total Sales

    Michelle Wagoner
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201547565

Indiana Regional MLS

APN: 79-04-15-177-001.000-027

Indiana Tippecanoe County Lafayette 47905

8310 Summit Terrace, Lafayette, IN

This home is located at 8310 Summit Terrace, Lafayette, IN 47905 since 08 October 2015 and is currently estimated at $418,175, approximately $138 per square foot. This property was built in 1998. 8310 Summit Terrace is a home located in Tippecanoe County with nearby schools including Hershey 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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