NOT LISTED FOR SALE

848 Main St Lafayette, IN 47901

Downtown Neighborhood

Estimated Value: $370,000 - $448,000

2 Beds
2 Baths
2,040 Sq Ft
$198/Sq Ft Est. Value

Last Sold July 14, 2022

Last sale price $339,000 $166 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,834/month

50 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 4-minute walk to Stockton Park
  • Corner Lot

About This Home

As of July 2022

Great downtown location! All 3 units are currently leased! Store front is currently a Flower shop. Efficiency has a loft bedroom, huge bathroom and access to the basement. 2nd story apartment is over 1000 sq ft and features a full kitchen with stainless appliances and exposed brick. HVAC system is 4 years old and a new water heater last year. Prime location, check this one out!

Last Agent to Sell the Property

Chad Nagel

Trueblood Real Estate Listed on: 04/01/2022

Trueblood Real Estate

Last Buyer's Agent

Chad Nagel

Trueblood Real Estate Listed on: 04/01/2022

Trueblood Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,344

Year Built

  • Built in 1875

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 25x100
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Concrete Siding

Interior Spaces

  • 2,040 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • Thomas Miller Elementary School
  • Sunnyside/Tecumseh Middle School
  • Jefferson High School

Additional Features

  • Suburban Location
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for parking
  • The owner pays for building insurance, electric, fuel, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 79-07-20-481-019.000-004

Community Details

Overview

  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $1,940
  • Fuel Expense $1,940
  • Insurance Expense $2,928
  • Maintenance Expense $2,532
  • Water Sewer Expense $1,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,344

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1875
  • Age: 147
  • Style: Two Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: PETTIT STOCKWELL & REYNOLDS ADDNPT LOT 33
  • Parcel Number ID: 79-07-20-481-019.000-004
  • Platted: Yes
  • Amenities: Basement
  • Location: City/Town/Suburb
  • Sp Lp Percent: 94.19
  • Monthly Gross Income: 2940
  • Year Taxes Payable: 2021
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2040
  • Total Finished Sq Ft: 2040
  • Above Grade Finished Sq Ft: 2040
  • Price Per Sq Ft: 166.18
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Wood
  • Number Of Disposals: 1
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick, Concrete
  • Stories: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1940
  • Annual Fuel Expense: 1940
  • Annual Insurance Expense: 2928
  • Annual Maintenance Expense: 2532
  • Annual Water Sewer Expense: 1400
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 25x100
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Building Insurance, Electric, Fuel, Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Parking

Multi Family

  • Gross Monthly Rent: 2940
  • Number Of Dishwashers: 1
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 3
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 4344

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2022
Closed on
Jul 13, 2022
Sold by
Bleau River Properties Llc
Bought by
Bc Preferred Llc
Seller's Agent
Chad Nagel
Trueblood Real Estate
Buyer's Agent
Chad Nagel
Trueblood Real Estate
List Price
$350,000
Sold Price
$339,000
Premium/Discount to List
-$11,000
-3.14%
Current Estimated Value
$403,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,039
Avg. Annual Appreciation
2.06%
Original Mortgage
$271,200
Outstanding Balance
$249,709
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$112,184

Purchase Details

Listed on
Mar 17, 2015
Closed on
Oct 4, 2016
Sold by
Medrano Eliseo and Medrano Dawn
Bought by
Bleau River Properties Llc
Seller's Agent
Eliseo Medrano
FRG Lafayette LLC
Buyer's Agent
Nate Gustus
Keller Williams Commercial
List Price
$215,000
Sold Price
$215,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.20%
Original Mortgage
$160,800
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2013
Sold by
Cole Jerry V and Cole Faye
Bought by
Medrano Eliseo and Medrano Dawn
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Bc Preferred Llc -- Shelmon Christopher D
Bleau River Properties Llc -- --
Medrano Eliseo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bc Preferred Llc $271,200
Previous Owner Bleau River Properties Llc $160,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2022 07/14/22 Sold $339,000 -5.8% $166 / Sq Ft
05/18/2022 05/18/22 Price Changed $359,900 +2.8% $176 / Sq Ft
04/01/2022 04/01/22 For Sale $350,000 +62.8% $172 / Sq Ft
10/04/2016 10/04/16 Sold $215,000 0.0% $100 / Sq Ft
07/25/2016 07/25/16 Pending -- -- --
03/17/2015 03/17/15 For Sale $215,000 -- $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 $8,361 $280,800 -- $280,800
2023 $5,246 $254,700 $0 $254,700
2022 $5,122 $244,800 $0 $244,800
2021 $4,955 $235,000 $0 $235,000
2020 $4,836 $229,200 $0 $229,200
2019 $4,670 $221,200 $0 $221,200
2018 $4,559 $215,800 $0 $215,800
2017 $4,423 $210,600 $0 $210,600
2016 $4,380 $209,600 $0 $209,600
2014 $4,138 $197,900 $0 $197,900
2013 $2,428 $116,400 $0 $116,400
Source: Public Records

Agents Affiliated with this Home

  • Chad Nagel

    Seller's Agent in 2022

    Chad Nagel

    Trueblood Real Estate

    (219) 868-3478

    2 in this area

    43 Total Sales

    Chad Nagel
    Section Image

  • E

    Seller's Agent in 2016

    Eliseo Medrano

    FRG Lafayette LLC

    Section Image

  • N

    Buyer's Agent in 2016

    Nate Gustus

    Keller Williams Commercial

    (317) 522-8608

    33 Total Sales

    Nate Gustus
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202211076

Indiana Regional MLS

APN: 79-07-20-481-019.000-004

Indiana Tippecanoe County Lafayette 47901 Downtown

848 Main St, Lafayette, IN

This home is located at 848 Main St, Lafayette, IN 47901 since 01 April 2022 and is currently estimated at $403,039, approximately $197 per square foot. This property was built in 1875. 848 Main St is a home located in Tippecanoe County with nearby schools including Thomas Miller Elementary School, Sunnyside Intermediate School, and Lafayette Tecumseh Junior 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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