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2706 Grosbeak Ln
Score
73
West Lafayette, IN

2706 Grosbeak Ln

399K
4 bd • 3 ba • 2,990 sf

This analysis was generated on 3/16/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$398,900

Price/Sq.Ft

$133

Year Built

2004

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Updated Kitchen Cabinets and Countertops: Modern white cabinets and solid surface countertops increase appeal and functionality • Vaulted Ceiling in Living Room: Creates a spacious and airy feel, adding to the perceived value of the home • Stainless Steel Appliances: Adds a modern touch to the kitchen and is generally preferred by buyers • Open Concept Kitchen/Dining Area • Two-Story Living Room • Updated Kitchen Cabinets • Solid Surface Countertops • Price Position: At $133.41 per sqft, this property is priced significantly below the median price per sqft for the 47906 area ($183). This discrepancy warrants further investigation to understand if it reflects property condition, location within the zip code, or other factors. • Appreciation Trend: Insufficient data to determine historical appreciation rates for this specific property. However, the general area has seen steady growth due to Purdue University. • Negotiation Opportunity: Property has been on the market for 25 days, which is slightly above average, suggesting potential for negotiation. • Investment Opportunity: After $11,000 in renovations, potential $5,100 equity gain (46.4% ROI) • Rental Income: $1,720/month with 99% occupancy (5.1% cap rate) • Schools: Good schools contribute an estimated 5-7% premium to property values in this West Lafayette neighborhood. • Future Development: No specific planned developments are detailed in the provided data. • The layout is functional with an open-concept kitchen and dining area. The two-story living room creates a dramatic focal point. The flow between rooms is generally good, but the placement of the half bath near the entry may not be ideal.
Updated Kitchen Cabinets and Countertops

Updated Kitchen Cabinets and Countertops

Modern white cabinets and solid surface countertops increase appeal and functionality.

Stainless Steel Appliances

Stainless Steel Appliances

Adds a modern touch to the kitchen and is generally preferred by buyers.

The Bad

• Update Primary Bathroom (MEDIUM priority): $7,500 • Replace Entryway Tile Flooring (LOW priority): $2,500 • Paint Interior Walls (LOW priority): $1,000 • Slightly elevated price point compared to median sold price in 47906. • Potential for further price corrections given recent downward trends. • Reliance on local economy tied to Purdue University; economic downturn could impact demand.

The Ugly

No critical issues identified
Tile Flooring

Tile Flooring

Dated tile flooring in the entry way.

Bathroom Finishes

Bathroom Finishes

The primary bathroom has dated finishes and could use updating.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $20,640 with 99% occupancy rate Value Investors: Projected 15.3% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $11,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$48,542

Property History

Price History
Ownership Timeline
$0Financed
Aug 24, 2006
Laurel S Dotas, Laurel S GillespiePaul R Dotas, Laurel S Dotas
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
Dec 22, 2004
Bruce Gunstra Builders IncLaurel S Gillespie
Corporation Deed
New Construction Residential Transactions
$0Cash Purchase
Dec 15, 2004
G & L Development Co Inc, G & L Development Co IncBruce Gunstra Builders Inc
Corporation Deed
New Construction Residential Transactions

Property Taxes

$4,431
2023 Tax Assessment
15.3%from previous year
Assessed Value$326,300
Tax Rate1.36%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Schools

Nearby school quality by education level

Middle

7.0/10
Good

High

8.0/10
Excellent

Financials

Monthly Costs
Market Rent (4 bed)

$820

Get a detailed estimate on Zillow
HOA Fee

$21

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$398,900
Price/sqft
$133
Layout
4 bd3 ba
Days on market
25 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$288,692

38.2%

Your price is 38.2% above average

Median Price

$287,450

38.8%

Based on 6 recent sales

Price per Sq.Ft

$109

22.4%

Your price is 22.4% above average $/sqft

Comparable Properties

2023 Windflower Place, West Lafayette, IN 47906
Price: $199,900
Sq.Ft: 2,840
Beds/Baths: 4/3
$/Sq.Ft:
$7047.2%
Sale Date: 2/5/2025
2085 Cousteau, West Lafayette, IN 47906
Price: $214,900
Sq.Ft: 3,180
Beds/Baths: 4/3
$/Sq.Ft:
$6849.3%
Sale Date: 2/5/2025
2849 Grackle Lane, West Lafayette, IN 47906
Price: $287,450
Sq.Ft: 2,525
Beds/Baths: 5/3
$/Sq.Ft:
$11414.7%
Sale Date: 2/5/2025
1828 Sandpiper Dr, West Lafayette, IN 47906
Price: $185,000
Sq.Ft: 2,428
Beds/Baths: 4/3
$/Sq.Ft:
$7642.9%
Sale Date: 2/5/2025
2111 Ringneck Road, West Lafayette, IN 47906
Price: $459,900
Sq.Ft: 2,672
Beds/Baths: 4/3
$/Sq.Ft:
$17229.0%
Sale Date: 12/13/2024
179 Blueberry Lane, West Lafayette, IN 47906
Price: $385,000
Sq.Ft: 2,480
Beds/Baths: 4/3
$/Sq.Ft:
$15516.4%
Sale Date: 10/25/2024

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