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124 S 7th St, Lafayette, IN, 47901

4beds
3baths
2,508sqft
$548,000
$219price/sqft
$4,001/moest. monthly cost
$160,040/yrincome needed

About This Home

Have you been thinking about moving to the vibrant downtown area but are unsure about the upkeep of an older home? Great news! Discover this incredible new build located in the perfect spot for enjoying the best of downtown living! Currently under construction, with a completion date in early 2026, this modern home beautifully blends with the charm of historic downtown architecture and the lovely Ellsworth Romig neighborhood. As you step through the front door, you'll be welcomed by a spacious foyer with soaring ceilings and a stunning grand staircase. To the left, there’s a main floor bedroom complete with a full bathroom nearby. To the right, the expansive living room features a reclaimed fireplace from the original home, flowing seamlessly into an open concept kitchen, which is ideal for entertaining with its large island, brand new appliances, stylish backsplash, and luxurious solid surface countertops on the way! Off the kitchen, you’ll find easy access to the backyard and a garage at the side of the house. Ascend to the upper level to discover a magnificent primary bedroom with a generous primary bath that will include a large tiled shower, twin vanity sinks, and a walk-in closet conveniently connected to the laundry room. The right side of the upstairs houses two additional spacious bedrooms divided by a full bathroom, as well as a cozy office space at the back. With plenty of sunlight streaming in through the brand new windows, the home exudes a bright and airy atmosphere. Plus, just a short walk to Main Street, you can indulge in local restaurants, pubs, and bakeries, taking full advantage of all the delightful amenities that historic downtown Lafayette and its charming small businesses have to offer. With the convenience of a brand new home right in the heart of our old city, 124 N. 7th St. is truly a remarkable opportunity. Come see it today before it’s finished!

Getting Around

82
WalkingVery Walkable
50
TransitGood Transit
53
BikeBikeable

Schools

Construction

Condition

  • New construction: Yes
  • Year built: 2025

Materials

  • Foundation: Slab
  • Roof: Shingle
  • Construction materials: Brick,Other

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Disposal,Range/Oven Hook Up Elec,Range/Oven Hook Up Gas,Dishwasher,Microwave,Refrigerator,Gas Water Heater
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Basement

  • Basement: None

Bedroom1

  • Level: Main

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bedrooms: 1

Dining Room

  • Level: Main
  • Area: 130

Features

  • Ceiling-9+,Ceiling Fan(s),Walk-In Closet(s),Countertops-Solid Surf,Eat-in Kitchen,Entrance Foyer,Kitchen Island,Split Br Floor Plan,Double Vanity,Stand Up Shower,Tub/Shower Combination,Main Level Bedroom Suite
  • Flooring: Carpet,Tile
  • Number of fireplaces: 1
  • Fireplace features: Living Room,Gas Log,Ventless
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,508

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,508
  • Total interior livable area: 2,508 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main
  • Area: 638

Property

Details

  • Parcel number: 790729229031.000004

Features

  • Levels: Two
  • Stories: 2
  • Fencing: None

Lot

  • Lot size: 4,791 sqft
  • Features: Corner Lot,0-2.9999,City/Town/Suburb,Near College Campus,Landscaped
  • Lot size dimensions: 80x

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage Door Opener,Concrete
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Winter Weather
Hail
Heat Wave
Inland Flooding
Lightning
Strong Wind
Tornado

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,770$33,240
Home Insurance *$225$2,700
Property Taxes $777$9,324
Electricity $229$2,758
Total$4,001$48,012
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$137,177/yr
40% on housing$120,030/yr
45% on housing$106,693/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.2%
10.2%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 5.5%
5.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$219This listing

vs Other Active Listings

Avg $/sqft

ZIP 47901$161
Tippecanoe County$153

vs Homes Sold Last Month

Median $/sqft

ZIP 47901$154
Tippecanoe County$172

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-20Price change$569,000
2026-03-09Price change$595,000
2026-01-30Price change$610,000
2025-10-27Listed for sale$625,000
2006-06-30Sold$64,000

New Construction

AgentTabitha Casto
BrokerageTruVant Realty

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