$135,000
SOLD APR 1, 2020
5 Beds
3.5 Baths
2,015 Sq Ft
3,325 Sq Ft Lot

Recently Sold

$67 Per Sq Ft

7% Below List Price

102 Days on Market

Highlights

  • Forced Air Heating System
  • Ceiling Fan
  • Level Lot

About This Home

As of April 2021

Fully rented triplex with a lot of potential. This is one of 10 multi-family properties that can be purchased as a package, please contact listing agent for more details.

Last Agent to Sell the Property

Cole Kesling

Sue O'Brien - Titan RE Listed on: 10/26/2019

Last Buyer's Agent

Tabitha Casto

TruVant Realty

TruVant Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,440

Year Built

  • Built in 1915

Lot Details

  • 3,325 Sq Ft Lot
  • Lot Dimensions are 25x132
  • Level Lot

Parking

  • 2 Parking Spaces

Home Design

  • Triplex
  • Vinyl Construction Material

Interior Spaces

  • 2,015 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms

Schools

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 79-07-21-162-015.000-004

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $500
  • Fuel Expense $500
  • Insurance Expense $750
  • Maintenance Expense $1,000
  • Trash Expense $150
  • Water Sewer Expense $800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,440

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1915
  • Age: 105
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 4
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Legal Description: ORTH'S ADDN S 1/2 LOT 49 79-07-21-162-015.000-004
  • Parcel Number ID: 79-07-21-162-015.000-004
  • Platted: Yes
  • Amenities: Ceiling Fan
  • Sp Lp Percent: 96.43
  • Annual Miscellaneous: 500
  • Monthly Gross Income: 2075
  • Year Taxes Payable: 2018
  • Special Features: None

Interior Features

  • Total Sq Ft: 2015
  • Total Finished Sq Ft: 2015
  • Above Grade Finished Sq Ft: 2015
  • Price Per Sq Ft: 67
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Mixed
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Window
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 500
  • Annual Fuel Expense: 500
  • Annual Insurance Expense: 750
  • Annual Maintenance Expense: 1000
  • Annual Trash Expense: 150
  • Annual Water Sewer Expense: 800

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 25X132
  • Estimated Lot Sq Ft: 3325
  • Estimated Lot Size Acres: 0.08
  • Lot Number: 49

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric, Fuel

Tax Info

  • Total Assessed Value: 72000
  • Annual Property Tax: 1440

Multi Family

  • Gross Monthly Rent: 2075
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 3

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2021
Closed on
Apr 22, 2021
Sold by
No More Meetings Llc
Bought by
Draydoow Qof Multifamily I Llc
Seller's Agent
Tabitha Casto
TruVant Realty
Buyer's Agent
LAF NonMember
NonMember LAF
List Price
$25,000
Sold Price
$20,000
Premium/Discount to List
-$5,000
-20%
Current Estimated Value
$122,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,667
Avg. Annual Appreciation
51.59%

Purchase Details

Listed on
Oct 26, 2019
Closed on
Apr 22, 2020
Sold by
Pipkin Matthew D and Pipkin Ashley
Bought by
No More Meetings Llc
Seller's Agent
Cole Kesling
Sue O'Brien - Titan RE
Buyer's Agent
Tabitha Casto
TruVant Realty
List Price
$145,000
Sold Price
$135,000
Premium/Discount to List
-$10,000
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-83.49%
Original Mortgage
$101,250
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 26, 2019
Closed on
Mar 11, 2020
Sold by
Cj Investment Group Llc
Bought by
Pipkin Matthew D and Pipkin Ashley
Seller's Agent
Cole Kesling
Sue O'Brien - Titan RE
Buyer's Agent
Tabitha Casto
TruVant Realty
List Price
$145,000
Sold Price
$135,000
Premium/Discount to List
-$10,000
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2016
Sold by
Glr Holding Llc
Bought by
Cj Investment Group Llc

Purchase Details

Closed on
Oct 6, 2015
Sold by
Glr Fund Llc
Bought by
Glr Holdings Llc

Purchase Details

Closed on
Jun 10, 2005
Sold by
Sellman Randolph L and Sellman Victoria L
Bought by
Lane Amy N and Bills Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 20, 2002
Sold by
Smith David Dale and Smith Linda Sue
Bought by
Sellman Randolph L and Sellman Victoria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $20,000 None Available
Warranty Deed $20,000 None Available
Quit Claim Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- --
Quit Claim Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $101,250 New Conventional
Previous Owner $79,875 New Conventional
Previous Owner $110,000 Fannie Mae Freddie Mac
Previous Owner $117,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2021 04/22/21 Sold $20,000 -20.0% --
03/24/2021 03/24/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $25,000 -81.5% --
04/01/2020 04/01/20 Sold $135,000 -3.6% $67 / Sq Ft
02/05/2020 02/05/20 Pending -- -- --
12/14/2019 12/14/19 Price Changed $140,000 -3.4% $69 / Sq Ft
10/26/2019 10/26/19 For Sale $145,000 -- $72 / 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 $196 $9,800 $9,800 --
2023 $196 $9,800 $9,800 $0
2022 $196 $9,800 $9,800 $0
2021 $302 $72,000 $9,800 $62,200
2020 $1,440 $72,000 $9,800 $62,200
2019 $1,440 $72,000 $11,000 $61,000
2018 $1,440 $72,000 $11,000 $61,000
2017 $1,402 $70,100 $11,000 $59,100
2016 $1,388 $69,360 $11,000 $58,360
2014 $1,314 $65,700 $11,000 $54,700
2013 $1,230 $61,500 $11,000 $50,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201947165

Indiana Regional MLS

APN: 79-07-21-162-015.000-004