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3507 Wakefield Dr, West Lafayette, IN, 47906

5beds
3baths
5,084sqft
$830,000
$163price/sqft
$5,532/moest. monthly cost
$221,280/yrincome needed

About This Home

Welcome to this beautifully maintained five-bedroom, three-bathroom ranch style home, ideally located in Arbor Chase just minutes from Purdue University. With over 4,371 square feet of finished living space, this home is designed for comfort, versatility, and entertaining. Step inside to an open concept main level featuring a spacious living room, abundant natural light, and a modern kitchen that flows seamlessly into a breakfast nook and sunroom. The main floor also includes a luxurious primary suite with dual walk-in closets and a large en-suite bathroom, plus three additional bedrooms and a formal dining room. Downstairs, the fully finished basement is an entertainer’s dream. Enjoy a stunning full bar with custom stonework, multiple flex rooms perfect for a home theater, gym, or game room, and a private guest suite with a full bath. Outside, the backyard is your own private retreat complete with a stamped concrete patio, custom pergola, and a built-in outdoor kitchen with grill and prep space, perfect for summer cookouts or relaxed evenings with friends. Nestled on a spacious lot with mature trees and professionally landscaped grounds, this home offers style, space, and a premier location in one of West Lafayette’s most desirable neighborhoods.

Getting Around

20
WalkingCar-Dependent
22
TransitMinimal Transit
49
BikeSomewhat Bikeable

Schools

7/10

Construction

Condition

  • Year built: 2011

Materials

  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Full,Finished

Bedroom1

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bedrooms: 4

Dining Room

  • Level: Main
  • Area: 156

Features

  • Number of fireplaces: 1
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Finished area below ground: 2,542
  • Finished area above ground: 2,542

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 5,084
  • Total interior livable area: 5,084 sqft

Kitchen

  • Level: Main
  • Area: 130

Living Room

  • Level: Main
  • Area: 352

Property

Details

  • Parcel number: 790706278002.000034

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Patio,Enclosed,Porch

Lot

  • Lot size: 0.90 Acres
  • Features: Corner Lot,Level

Parking

  • Total spaces: 3
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Winter Weather
Hail
Heat Wave
Inland Flooding
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 $4,196$50,352
Home Insurance *$331$3,972
Property Taxes $539$6,468
Electricity $466$5,592
Total$5,532$66,384
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$189,668/yr
40% on housing$165,960/yr
45% on housing$147,520/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

$163This listing

vs Other Active Listings

Avg $/sqft

ZIP 47906$173
Tippecanoe County$153

vs Homes Sold Last Month

Median $/sqft

ZIP 47906$185
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)

No zestimate history available

Price History

DateEventPrice
2026-03-25Price change$850,000
2026-01-14Pending sale$899,900
2026-01-11Listing removed$899,900
2025-07-23Price change$899,900
2025-06-13Listed for sale$924,900

For Sale by Agent

AgentMichael Sims, Redlow Group
BrokerageRedlow Group

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