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501 S 1st St, Lafayette, IN, 47905

$120,000

Home List Price

$1,425*

Closing Credit

1 Bedroom
1 Full Bath
$98/SqFt
House

Location

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501 S 1st St, Lafayette$120,000

Buyer Closing Credits

$1,425*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingConcrete
Garage1 space
Year Built1910
HeatingNatural Gas, Forced Air, Hot Water
CoolingCentral Air
FireplaceNone
MLS #202500530
Lot Size0.17 Acres
StatusActive

About 501 S 1st St

Located in the heart of downtown Lafayette's historical district, this 1910 estate-sale property is full of potential. With over 1,200 sq. ft. of living space, this 1-bedroom, 1-bath home boasts timeless character, including high 9' ceilings and a spacious dining area off the kitchen. Situated on an oversized corner lot, the property includes three outbuildings, one of which is a 1-car detached garage, providing ample storage and workshop opportunities. The laundry is conveniently located in the kitchen, making it easy to reimagine the space into a modern layout. Whether you're an investor or a homeowner with a vision, this home’s good bones offer an excellent canvas to restore and revitalize. Priced to sell, this is your opportunity to bring this historical gem back to life while enjoying the charm and convenience of downtown Lafayette living.

Property Details

Property Features

Property Information:

  • Year Built: 1910

Listing Office:

  • Office Name: Keller Williams Lafayette
  • Office Phone: (765) 412-3625
  • Listing Agent: Doug Browning

Interior Features

Interior Information:

  • Flooring Type: Hardwood Floors
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Exterior: Vinyl

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Concrete

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Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air, Hot Water
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From downtown Lafayette, south on 2nd street. Turn right on Chestnut Street. Down to 1st street turn left. Home is on corner of Chestnut and 1st St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $120,000
  • Price Per SqFt: $98/SqFt

Tax Information:

  • Annual Amount: $1,367
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Lafayette, IN.

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Lafayette, IN

City

Med. Sold Price

$245K

Med. Price/SqFt

$166

Avg. Days On Market

11

# of Sold Homes

76

501 S 1st St vs Lafayette

1 DAY ON ROCKET

-10 Days

$120,000

-$125K Less

$98/SqFt

-$69 Less

KEY TAKEAWAY

This property is $125K less than the Median Sold Price and $69/SqFt less than other homes in Lafayette, IN.

Based on homes sold in December 2024

MLS Details

MLS Information:

  • MLS Number: #202500530

Listing Office:

  • Office Name: Keller Williams Lafayette
  • Office Phone: (765) 412-3625
  • Listing Agent: Doug Browning

IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2025 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/8/2025, 8:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,367$67,600
2019$1,367$67,600
2018$1,367$67,600
2017$1,365$67,600

History based on county public records data.

Payment Calculator

$666

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$426

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1400941
5
/10

  • Thomas Miller Elementary School

  • 700 S 4th St

  • 0.35 miles

  • Public District Grades KG-4

school-card-donut-1400942
6
/10

  • Murdock Elementary School

  • 2100 Cason St

  • 1.33 miles

  • Public District Grades KG-4

school-card-donut-1400943
4
/10

  • Oakland Elementary School

  • 611 S 21st St

  • 1.34 miles

  • Public District Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,735. The most common annual income of people living in Lafayette, IN is less than $35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Lafayette, IN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Lafayette, IN.

Lafayette's housing market offers a diverse array of options, with single-family homes being a significant presence. The architectural styles in the area range from historic Victorian homes to contemporary ranch-style houses. The market is balanced with a mix of older homes that exude character and newer constructions that provide modern amenities. While the majority of the housing stock consists of single-family residences, there is also a selection of apartments and townhouses that cater to different lifestyle needs. The homeownership rate in Lafayette is robust, reflecting a community invested in property ownership and stability.

What is it like to live in Lafayette, IN?

Lafayette is celebrated for its vibrant community spirit and rich historical heritage. The city prides itself on its blend of urban amenities and small-town charm, offering residents a comfortable and engaging living environment. Annual events, such as the Taste of Tippecanoe, showcase the city's cultural diversity and foster a sense of community. The area's parks and recreational facilities contribute to the overall family-friendly atmosphere, making it an appealing place for a variety of residents.

Is it easy to get around Lafayette, IN without a car?

The community is served by a comprehensive array of services, including public and private educational institutions that cater to a range of academic preferences. Lafayette is home to several healthcare facilities, offering residents access to primary care, emergency services, and specialized medical treatments. The city's public library system provides educational and cultural resources to the community. Retail and dining options are plentiful, with local businesses and restaurants reflecting the diverse tastes and culture of the residents. City initiatives are in place to continually improve and adapt services to meet the evolving needs of the community.

Transportation in Lafayette, IN.

Lafayette's transport infrastructure supports both private and public transit options, with a network of roads and highways that facilitate travel within the city and to neighboring areas. Public transportation services are available, providing residents with alternatives to private vehicle use. The city is also conscious of walkability, with certain areas designed to be pedestrian-friendly. While specific ride-sharing statistics are not mentioned, such services are a part of the city's transportation landscape, complementing the existing mobility options.

Frequently Asked Questions About 501 S 1st St

What is the listing price of this property?

The listing price of 501 S 1st St property is $120,000.

What type of property is this?

The property 501 S 1st St is a house located in Lafayette, Indiana, 47905.

Is this property for sale now?

Active Listing: 501 S 1st St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,367 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 501 S 1st St has 1 bedroom and 1 bathroom.

Which year was this property built?

The year of construction for 501 S 1st St is 1910.

Rocket Homes›Indiana›Tippecanoe County›Lafayette›47905›501 S 1st St

This home is located at 501 S 1st St in Lafayette, IN and zip code 47905. This home was built in 1910. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since January 07, 2025 and is currently priced at $120,000.

In December 2024, from all listings sold in Lafayette, IN there were more than 26 sold above asking price, over 32 sold below and more than 17 were sold right at the asked price. The number of homes for sale in Lafayette, IN decreased by 8.3% between November 2024 and December 2024. In December 2024, listings were on the market for 11 days. During the same period, the median list price in this real estate market was $245,000.

From Rocket Homes Real Estate and based on county public records data.

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