Custom-built and truly one of a kind, this stunning ranch home offers over 3,000 square feet of thoughtfully designed living space with 4 bedrooms, 3.5 bathrooms, and character you simply won't find anywhere else. Situated on just under an acre in desirable Raineybrook, this property combines privacy, space, and a highly sought-after neighborhood location. Step inside to discover expansive living areas, a unique custom floor plan, and abundant natural light throughout. The spacious primary suite, generously sized secondary bedrooms, and multiple gathering spaces provide flexibility for everyday living and entertaining alike. Outside, the massive fenced backyard offers endless possibilities for pets, play, gardening, or hosting family and friends. Recent updates include a new roof installed just 2 years ago, providing peace of mind for years to come. With its distinctive architecture, oversized lot, and rare combination of size and location, this home is a true standout in today's market. Opportunities to own a custom-built, one-of-a-kind home in Raineybrook are few and far between. Schedule your private showing today and experience everything this exceptional property has to offer.
Active
Price cut: $25K (8/24)
$499,900
481 Cormorant Ct, Lafayette, IN 47909
4beds
3,058sqft
Single Family Residence
Built in 2003
0.82 Acres Lot
$492,000 Zestimate®
$--/sqft
$25/mo HOA
What's special
Generously sized secondary bedroomsSpacious primary suiteUnique custom floor planAbundant natural light throughoutOversized lotMultiple gathering spacesMassive fenced backyard
- 88 days
- 1,360
- 82
Zillow last checked:
Listing updated:
Listed by:
Spencer Childers Agt:765-430-4276,
Keller Williams Lafayette
Source: IRMLS,MLS#: 202621824
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bedrooms: 4
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Dining room
- Level: Main
- Area: 110
- Dimensions: 11 x 10
Family room
- Level: Main
- Area: 242
- Dimensions: 11 x 22
Kitchen
- Level: Main
- Area: 221
- Dimensions: 13 x 17
Living room
- Level: Main
- Area: 323
- Dimensions: 17 x 19
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Disposal, Dishwasher, Microwave, Refrigerator, Electric Oven, Electric Range, Gas Water Heater, Water Softener Owned
- Laundry: Electric Dryer Hookup
Features
- Ceiling Fan(s), Split Br Floor Plan
- Basement: Crawl Space,Block
- Number of fireplaces: 1
- Fireplace features: Family Room
Interior area
- Total structure area: 3,058
- Total interior livable area: 3,058 sqft
- Finished area above ground: 3,058
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Attached
- Attached garage spaces: 3
Features
- Levels: One
- Stories: 1
- Has spa: Yes
- Spa features: Jet Tub
- Fencing: Wood
Lot
- Size: 0.82 Acres
- Features: Cul-De-Sac, Level
Details
- Parcel number: 791118407007.000030
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick, Vinyl Siding
Condition
- New construction: No
- Year built: 2003
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Raineybrook
HOA
- Has HOA: Yes
- HOA fee: $300 annually
Location
- Region: Lafayette
Financial & listing details
- Tax assessed value: $477,900
- Annual tax amount: $3,298
- Date on market: 6/5/2026
Estimated market value
$492,000
$467,000 - $517,000
$2,727/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/24/2026 | Price change | $499,900-4.8% |
Source:  IRMLS #202621824 Report a problem | ||
| 6/26/2026 | Price change | $524,900-2.8% |
Source: IRMLS #202621824 Report a problem | ||
| 6/5/2026 | Listed for sale | $539,900 |
Source: IRMLS #202621824 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,485 +2% | $477,900 +6.1% |
| 2024 | $3,415 +16.2% | $450,500 +1.9% |
| 2023 | $2,940 +13% | $442,100 +17.8% |
| 2022 | $2,601 +5.6% | $375,200 +12% |
| 2021 | $2,463 +12.8% | $334,900 |
| 2020 | $2,184 +9.3% | -- |
| 2019 | $1,998 +0.6% | $305,800 +4.4% |
| 2018 | $1,985 +1.8% | $293,000 +1.7% |
| 2017 | $1,951 | $288,100 +0.6% |
| 2016 | $1,951 +0.8% | $286,300 +4.4% |
| 2014 | $1,935 -0.3% | $274,300 |
| 2013 | $1,941 | $274,300 +0.5% |
| 2012 | -- | $272,900 -10% |
| 2011 | -- | $303,300 +7.9% |
| 2010 | -- | $281,100 -0.9% |
| 2009 | $4,001 +73.7% | $283,600 -7.4% |
| 2008 | $2,303 -33.4% | $306,100 -2.2% |
| 2007 | $3,458 +12.4% | $312,900 +8.7% |
| 2006 | $3,078 -5.3% | $287,900 |
| 2005 | $3,251 +10.2% | $287,900 |
| 2004 | $2,951 | $287,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 47909
Nearby schools
Schools provided by the listing agent
- Elementary: Wea Ridge
- Middle: Wea Ridge
- High: Mc Cutcheon
- District: Tippecanoe School Corp.
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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