NOT LISTED FOR SALE

904 State St La Fayette, IN 47905

Estimated Value: $517,000 - $666,000

7 Beds
5 Baths
6,196 Sq Ft
$92/Sq Ft Est. Value

Last Sold May 05, 2017

Last sale price $285,000 $46 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $3,785/month

165 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Beamed Ceilings
  • Victorian Architecture
  • Covered patio or porch
  • Balcony

About This Home

As of May 2017

Beautiful, historic home in the heart of Lafayette. 10 minutes to Purdue's Campus and 2 minutes to downtown. With plenty of off street parking and also on the city bus line. This 4 Unit property regularly attracts Purdue graduate students/staff and other professionals and has a long leasing history with tenants paying utilities.

Last Listed By

Susie Eros

F.C. Tucker/Shook Listed on: 10/03/2016

F.C. Tucker/Shook

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,556

Year Built

  • Built in 1901

Lot Details

  • 8,538 Sq Ft Lot
  • Lot Dimensions are 95x88
  • Landscaped
  • Corner Lot
  • Irregular Lot

Home Design

  • Quadruplex
  • Victorian Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof
  • Rubber Roof
  • Shingle Siding

Interior Spaces

  • 3-Story Property
  • Built-in Bookshelves
  • Crown Molding
  • Beamed Ceilings
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Pocket Doors
  • Entrance Foyer

Kitchen

  • Breakfast Bar
  • Laminate Countertops
  • Utility Sink

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Washer Hookup

Attic

  • Storage In Attic
  • Walkup Attic

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Natural lighting in basement

Home Security

  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector

Parking

  • 1 Car Detached Garage
  • Heated Garage
  • Garage Door Opener
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient HVAC
  • Energy-Efficient Doors

Outdoor Features

  • Balcony
  • Covered patio or porch

Location

  • Suburban Location

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Gas
  • ENERGY STAR Qualified Water Heater
  • Gas Water Heater
  • Multiple Phone Lines
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Tenant pays for cable, electric, heating, sewer, water
  • The owner pays for building insurance, lawn maintenance, maintenance, snow removal, tax, water softener
  • Assessor Parcel Number 79-07-28-151-004.000-004

Community Details

Building Details

  • Electric Expense $450
  • Fuel Expense $750
  • Insurance Expense $2,936
  • Maintenance Expense $5,157
  • Water Sewer Expense $200

Additional Features

  • 4 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,556

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1901
  • Age: 116
  • Style: Three Story
  • Architectural Style: Victorian
  • Bedrooms: 7
  • Number Above Grade Bedrooms: 7
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: State St 9th St PT SW Pt NW SEC 28 TWP 23 R4 .19 A
  • Parcel Number ID: 79-07-28-151-004.000-004
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Fireplace, Off Street Parking, Storage, Attic Storage, Attic-Walk-up, Balcony, Breakfast Bar, Built-In Bookcase, Cable Available, Cable Ready, Ceiling-9+, Ceilings-Beamed, Countertops-Laminate, Countertops-Solid Surf, Crown Molding, Deck Open, Detector-Smoke, Foyer Entry, Garage Door Opener, Landscaped, Multiple Phone Lines, Pocket Doors, Porch Covered, Storm Doors, Storm Windows, Utility Sink, Water Heater Gas, Garage-Heated, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 98.62
  • Annual Miscellaneous: 333
  • Monthly Gross Income: 2865
  • Special Features: None

Interior Features

  • Total Sq Ft: 8302
  • Total Finished Sq Ft: 6196
  • Above Grade Finished Sq Ft: 6196
  • Below Grade Sq Ft: 2106
  • Price Per Sq Ft: 46
  • Basement: Yes
  • Basement Foundation: Daylight, Full Basement, Walk-Out Basement, Outside Entrance Only
  • Basement Material: Brick
  • Flooring: Carpet, Ceramic Tile, Laminate, Wood
  • Total Below Grade Sq Ft: 2106
  • Number Of Disposals: 2
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Brick, Shingle
  • Roof Material: Asphalt, Rubber
  • Stories: 3

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Garage, Off Street, Paved

Utilities

  • Cooling: Central Air, Wall AC, Multiple Cooling Units
  • Heating Fuel: Electricity, Gas, Forced Air, Radiator
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 450
  • Annual Fuel Expense: 750
  • Annual Insurance Expense: 2936
  • Annual Maintenance Expense: 5157
  • Annual Water Sewer Expense: 200
  • Number Of W D Hookups: 3

Schools

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

Lot Info

  • Lot Description: Corner, Irregular
  • Lot Dimensions: 95x88
  • Estimated Lot Sq Ft: 8538
  • Estimated Lot Size Acres: 0.196

Green Features

  • Energy Efficient: Appliances, Doors, HVAC, Water Heater
  • Energy Efficient Windows/Doors: Storm Doors, Storm Windows

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Snow Removal, Tax, Water Softener
  • Tenant Pays: Cable, Electric, Heating, Sewer, Water

Tax Info

  • Total Assessed Value: 337900
  • Exemptions: Homestead
  • Annual Property Tax: 6556

Multi Family

  • Gross Monthly Rent: 2865
  • Number Of Dishwashers: 3
  • Number Of Dryers: 3
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2016
Closed on
May 5, 2017
Sold by
Nargi Nancy N
Bought by
Parker Apartments Llc
Seller's Agent
Susie Eros
F.C. Tucker/Shook
Buyer's Agent
Sharon Schlott
F.C. Tucker/Shook
List Price
$310,000
Sold Price
$285,000
Premium/Discount to List
-$25,000
-8.06%
Total Days on Market
165
Current Estimated Value
$567,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,375
Avg. Annual Appreciation
8.93%
Original Mortgage
$213,600
Outstanding Balance
$180,342
Interest Rate
4.23%
Mortgage Type
Commercial
Estimated Equity
$387,033

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
Parker Apartments Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parker Apartments Llc $213,600
Previous Owner Nargi Nancy N $183,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2024 10/08/24 Off Market $1,225 -- --
09/09/2024 09/09/24 For Rent $1,225 0.0% --
05/05/2017 05/05/17 Sold $285,000 -8.1% $46 / Sq Ft
03/17/2017 03/17/17 Pending -- -- --
10/03/2016 10/03/16 For Sale $310,000 -- $50 / 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 $7,664 $273,200 $30,000 $243,200
2023 $7,664 $383,200 $30,000 $353,200
2022 $7,440 $372,000 $30,000 $342,000
2021 $7,294 $364,700 $30,000 $334,700
2020 $7,294 $364,700 $30,000 $334,700
2019 $7,014 $350,700 $30,000 $320,700
2018 $7,014 $350,700 $30,000 $320,700
2017 $6,826 $341,300 $30,000 $311,300
2016 $6,758 $337,900 $30,000 $307,900
2014 $5,041 $300,400 $30,000 $270,400
2013 $4,986 $297,400 $30,000 $267,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201645708

Indiana Regional MLS

APN: 79-07-28-151-004.000-004