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1505 El Prado Ave, Lafayette, IN, 47905

4beds
2baths
1,550sqft
$299,900
$193price/sqft
$2,058/moest. monthly cost
$82,320/yrincome needed

About This Home

Welcome home to this beautifully appointed 4-bedroom, 2-bath ranch offering 1,550 square feet of thoughtfully designed living space. Inside, you’ll find rich hardwood flooring in the bedrooms, plush carpeting throughout the main living areas, and a striking stone fireplace custom built-in bookshelves in living spaces throughout the home. The kitchen features stainless steel appliances and ample space for both everyday living and entertaining. Outdoors, enjoy a private back patio with a fire pit perfect for hosting gatherings or relaxing under the stars. The detached 2-car garage includes built-in storage ideal for landscaping tools and outdoor equipment. Combining warmth, functionality, and timeless ranch-style appeal, this home is ready to impress.

Getting Around

35
WalkingCar-Dependent
33
TransitSome Transit
52
BikeBikeable

Schools

3/10
3/10
Jefferson High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 1967

Materials

  • Construction materials: Aluminum Siding,Stone

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Refrigerator,Washer,Electric Cooktop,Dryer-Electric,Electric Oven,Gas Water Heater,Water Softener Owned

Basement

  • Basement: None

Bedroom1

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bedrooms: 4

Family Room

  • Level: Main
  • Area: 285

Features

  • Bookcases,Built-in Desk,Ceiling Fan(s),Main Level Bedroom Suite
  • Window features: Window Treatments
  • Number of fireplaces: 1
  • Fireplace features: Gas Log
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,550

Heating & Cooling

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

Interior Area

  • Total structure area: 1,550
  • Total interior livable area: 1,550 sqft

Kitchen

  • Level: Main
  • Area: 216

Living Room

  • Level: Main
  • Area: 360

Property

Details

  • Parcel number: 790733127018.000004

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 6,011 sqft
  • Features: Level,0-2.9999
  • Lot size dimensions: 60 x 100

Parking

  • Total spaces: 2
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Winter Weather
Hail
Heat Wave
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 $1,516$18,192
Home Insurance *$158$1,896
Property Taxes $200$2,400
Electricity $184$2,212
Total$2,058$24,696
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$70,560/yr
40% on housing$61,740/yr
45% on housing$54,880/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

$193This listing

vs Other Active Listings

Avg $/sqft

ZIP 47905$143
Tippecanoe County$153

vs Homes Sold Last Month

Median $/sqft

ZIP 47905$170
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
2026-05-08Listed for sale$330,000
2016-05-06Sold$110,000
2016-02-25Listed for sale$115,000
2015-11-01Listing removed$115,000
2015-10-23Price change$115,000
2015-07-28Listed for sale$119,000

For Sale by Agent

AgentHannah Rumschlag
BrokerageF.C. Tucker/Shook

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