NOT LISTED FOR SALE

8311 Summit Terrace Lafayette, IN 47905

Estimated Value: $384,000 - $456,000

3 Beds
2 Baths
3,016 Sq Ft
$144/Sq Ft Est. Value

Last Sold May 23, 2016

Last sale price $295,000 $98 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $2,560/month

1 Day on Market

Highlights

  • Above Ground Pool
  • RV Parking in Community
  • Dumbwaiter
  • Hershey Elementary School Rated A-
  • Open Floorplan
  • Partially Wooded Lot

About This Home

As of May 2016

Incredible opportunity to own one of the most beautiful scenic views in Tippecanoe County. Wooded views can be seen from numerous windows including an awesome sun room. This nearly 5 acres is the setting for this 3000 SF ranch with walk out lower level and a heated floored pole barn perfect for the car enthusiast or many other uses. The barn is 36x34 with 9' ceilings. The home offers open beautiful kitchen, open plan, hardwood, fireplace, new metal roof, and 6' exterior walls. Must see this incredible property just 7 minutes from Interstate 65.

Last Agent to Sell the Property

Kristy Sporre

Keller Williams Lafayette Listed on: 04/20/2016

Keller Williams Lafayette

Last Buyer's Agent

Christine Clugh Thomas

Raeco Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,575

Year Built

  • Built in 1986

Lot Details

  • 4.8 Acre Lot
  • Backs to Open Ground
  • Rural Setting
  • Split Rail Fence
  • Landscaped
  • Partially Wooded Lot

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Wood Foundation
  • Poured Concrete
  • Rubber Roof
  • Metal Roof
  • Wood Siding
  • Cedar

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Built-in Bookshelves
  • Woodwork
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Insulated Doors
  • Great Room
  • Formal Dining Room
  • Workshop
  • Laundry on main level

Kitchen

  • Dumbwaiter
  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven or Range
  • Kitchen Island
  • Utility Sink
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Bathtub with Shower
  • Separate Shower

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Sump Pump
  • Block Basement Construction
  • 1 Bathroom in Basement
  • 2 Bedrooms in Basement
  • Crawl Space
  • Natural lighting in basement

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Windows
  • Energy-Efficient Insulation
  • Energy-Efficient Doors
  • ENERGY STAR/Reflective Roof
  • Energy-Efficient Thermostat

Outdoor Features

  • Above Ground Pool
  • Covered patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • High-Efficiency Furnace
  • Propane
  • Well
  • ENERGY STAR Qualified Water Heater
  • Septic System
  • Multiple Phone Lines
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 79-04-15-176-001.000-027

Community Details

Overview

  • RV Parking in Community

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,575

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1986
  • Age: 30
  • Style: One Story
  • Architectural Style: Traditional
  • Total Number of Rooms: 9
  • Total Number of Rooms Below Grade: 4
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 1
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Pt N SEC 15 TWP 24 R3 4.8A
  • Parcel Number ID: 79-04-15-176-001.000-027
  • Platted: Yes
  • Amenities: Breakfast Bar, Built-In Bookcase, Cable Available, Ceiling Fan(s), Closet(s) Walk-in, Deck Open, Detector-Smoke, Disposal, Dumbwaiter, Eat-In Kitchen, Garage Door Opener, Kitchen Island, Landscaped, Multiple Phone Lines, Natural Woodwork, Open Floor Plan, Porch Covered, Range/Oven Hook Up Gas, Storm Doors, Utility Sink, RV Parking, Stand Up Shower, Tub/Shower Combination, Workshop, Formal Dining Room, Garage-Heated, Great Room, Main Floor Laundry, Sump Pump
  • Location: Rural Subdivision
  • Number Below Grade Bedrooms: 2
  • Sp Lp Percent: 101.76
  • Special Features: None

Interior Features

  • Total Sq Ft: 3016
  • Total Finished Sq Ft: 3016
  • Above Grade Finished Sq Ft: 1654
  • Below Grade Finished Sq Ft: 1362
  • Basement: Yes
  • Basement Foundation: Crawl, Daylight, Full Basement, Walk-Out Basement, Finished, Outside Entrance
  • Basement Material: Block, Poured Concrete, Wood
  • Number Of Fireplaces: 1
  • Fireplace: Family Rm, Gas Log
  • Flooring: Carpet, Laminate, Tile
  • Living Great Room: Dimensions: 25x18, On Level: Main
  • Kitchen: Dimensions: 21x12, On Level: Main
  • Dining Room: Dimensions: 10x17, On Level: Main
  • Recreation Room: Dimensions: 25x18, On Level: Main
  • Bedroom 1: Dimensions: 16x17, On Level: Main
  • Bedroom 2: Dimensions: 17x13, On Level: Lower
  • Bedroom 3: Dimensions: 13x12, On Level: Lower
  • Other Room1: Sun Room, Dimensions: 13x18, On Level: Main
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 1362

Exterior Features

  • Exterior: Cedar, Wood
  • Roof Material: Metal, Rubber
  • Outbuilding1: Pole/Post Building, Dimensions: 36x34
  • Pool: Above Ground
  • Pool: Yes
  • Fence: Split-Rail
  • Outbuilding2: Shed, Dimensions: 8x8, 64

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x24
  • Garage Sq Ft: 576

Utilities

  • Cooling: Central Air
  • Heating Fuel: Propane, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Hvac: Ceiling Fan, High Efficiency Furnace
  • Well Type: Unknown

Schools

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

Lot Info

  • Lot Description: Partially Wooded
  • Lot Dimensions: Irr
  • Estimated Lot Sq Ft: 209088
  • Estimated Lot Size Acres: 4.8

Green Features

  • Energy Efficient: Appliances, Doors, Insulation, Roofing, Thermostat/Controllers, Water Heater, Windows
  • Energy Efficient Windows/Doors: Double Pane Windows, Insulated Doors, Storm Doors

Tax Info

  • Annual Taxes: 1575

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2016
Closed on
May 23, 2016
Sold by
Oakley Alan D and Oakley Jane A
Bought by
Fouts William C and Fouts Jeri E
Seller's Agent
Kristy Sporre
Keller Williams Lafayette
Buyer's Agent
Christine Clugh Thomas
Raeco Realty
List Price
$229,900
Sold Price
$295,000
Premium/Discount to List
$65,100
28.32%
Current Estimated Value
$429,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,274
Avg. Annual Appreciation
4.31%
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
Fouts William C -- Columbia Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fouts William C $395,122
Closed Fouts William C $46,000
Closed Fouts William C $320,997
Closed Fouts William C $324,615
Closed Fouts William C $314,999
Closed Fouts William C $236,000
Closed Fouts William C $142,000
Previous Owner Oakley Alan D $53,100
Previous Owner Oakley Alan D $36,016
Previous Owner Oakley Alan D $171,000
Previous Owner Oakley Alan D $46,092
Previous Owner Oakley Alan D $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2016 05/23/16 Sold $295,000 +28.3% $98 / Sq Ft
04/21/2016 04/21/16 Pending -- -- --
04/20/2016 04/20/16 For Sale $229,900 -- $76 / 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 $2,266 $303,500 $44,000 $259,500
2023 $2,192 $290,300 $44,000 $246,300
2022 $1,939 $253,800 $44,000 $209,800
2021 $1,813 $238,600 $44,000 $194,600
2020 $1,777 $238,600 $44,000 $194,600
2019 $1,804 $243,600 $44,000 $199,600
2018 $1,740 $237,000 $43,600 $193,400
2017 $1,727 $232,600 $43,600 $189,000
2016 $1,627 $228,000 $43,600 $184,400
2014 $1,557 $220,900 $43,600 $177,300
2013 $1,632 $219,700 $43,600 $176,100
Source: Public Records

Agents Affiliated with this Home

  • Kristy Sporre

    Seller's Agent in 2016

    Kristy Sporre

    Keller Williams Lafayette

    (765) 426-5556

    119 Total Sales

    Section Image
  • Christine Clugh Thomas

    Buyer's Agent in 2016

    Christine Clugh Thomas

    Raeco Realty

    (765) 404-0622

    46 Total Sales

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201616648

Indiana Regional MLS

APN: 79-04-15-176-001.000-027

Indiana Tippecanoe County Lafayette 47905

8311 Summit Terrace, Lafayette, IN

This home is located at 8311 Summit Terrace, Lafayette, IN 47905 since 20 April 2016 and is currently estimated at $435,140, approximately $144 per square foot. This property was built in 1986. 8311 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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