NOT LISTED FOR SALE

1045 Covert Ave Evansville, IN 47714

Estimated Value: $67,000 - $111,020

4 Beds
2 Baths
1,904 Sq Ft
$50/Sq Ft Est. Value

Last Sold February 08, 2022

Last sale price $90,000 $47 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $620/month

57 Days on Market

Highlights

  • Wood Flooring
  • Laundry in Utility Room
  • Ceiling Fan
  • Eat-In Kitchen
  • Central Air
  • 5-minute walk to Akin Park

About This Home

As of February 2022

Duplex investment opportunity! 2 bedroom / 1 full bathroom, located very conveniently on nice stretch of Covert Avenue with quick access to hwy 41. Each unit has a large driveway for off-street parking. Easily rented and maintained, with a great location. Utilities separately metered and tenant-paid. New roofing installed as of 2021! Note: Can be purchased individually or as pkg along with the 1053/1055 Covert Avenue listing.

Last Agent to Sell the Property

Darron Albin

HARRIS REAL ESTATE LLC Listed on: 11/16/2021

Co-Listed By

Randy Harris

HARRIS REAL ESTATE LLC

Last Buyer's Agent

Penny Crick

ERA FIRST ADVANTAGE REALTY, INC

ERA FIRST ADVANTAGE REALTY, INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $705

Year Built

  • Built in 1940

Lot Details

  • 5,680 Sq Ft Lot
  • Lot Dimensions are 71' x 80'
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • 1,904 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Crawl Space
  • Eat-In Kitchen
  • Laundry in Utility Room

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric, heating, sewer, trash collection, water
  • The owner pays for maintenance
  • Assessor Parcel Number 82-06-33-011-033.001-027

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $434
  • Maintenance Expense $643

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$705

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1940
  • Age: 82
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: PT NW SW 33-6-10 AKA BERLIN HTS.2
  • Parcel Number ID: 82-06-33-011-033.001-027
  • Platted: Yes
  • Amenities: Ceiling Fan, Eat-In Kitchen, Water Heater Gas
  • Inside City Limits: Yes
  • Sp Lp Percent: 100.11
  • Annual Miscellaneous: 1270
  • Monthly Gross Income: 990
  • Special Features: None

Interior Features

  • Total Sq Ft: 1904
  • Total Finished Sq Ft: 1904
  • Above Grade Finished Sq Ft: 1904
  • Price Per Sq Ft: 47.27
  • Basement Foundation: Crawl
  • Flooring: Laminate, Wood
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: Public
  • Water Utilities: Public
  • Annual Insurance Expense: 434
  • Annual Maintenance Expense: 643
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Schools

  • School District: Evansville-Vanderburgh School Corp.
  • Elementary School: Glenwood
  • Middle School: Glenwood
  • High School: Bosse

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 71' x 80'
  • Estimated Lot Sq Ft: 5680
  • Estimated Lot Size Acres: 0.1304

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Maintenance
  • Tenant Pays: Electric, Heating, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 990
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 705

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2024
Sold by
Covert Villas Llc
Bought by
Tamang Investment Llc
Current Estimated Value
$95,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Outstanding Balance
$121,298
Interest Rate
6.17%
Mortgage Type
New Conventional
Estimated Equity
-$26,043

Purchase Details

Listed on
Nov 16, 2021
Closed on
Feb 7, 2022
Sold by
Akin Adam Karl
Bought by
Covert Villas Llc
Seller's Agent
Darron Albin
HARRIS REAL ESTATE LLC
Buyer's Agent
Penny Crick
ERA FIRST ADVANTAGE REALTY, INC
List Price
$94,900
Sold Price
$90,000
Premium/Discount to List
-$4,900
-5.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.57%
Original Mortgage
$67,500
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 16, 2021
Closed on
Feb 2, 2022
Sold by
3Mce Llc
Bought by
Akin Adam Karl
Seller's Agent
Darron Albin
HARRIS REAL ESTATE LLC
Buyer's Agent
Penny Crick
ERA FIRST ADVANTAGE REALTY, INC
List Price
$94,900
Sold Price
$90,000
Premium/Discount to List
-$4,900
-5.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2020
Sold by
Koch Thomas C
Bought by
3Mce Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tamang Investment Llc -- None Listed On Document
Tamang Investment Llc -- None Listed On Document
Covert Villas Llc -- Fuchs Donald J
Akin Adam Karl $90,000 Fuchs Donald J
3Mce Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tamang Investment Llc $150,000
Closed Tamang Investment Llc $150,000
Previous Owner Akin Adam Karl $67,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2022 02/08/22 Sold $90,000 +0.1% $47 / Sq Ft
01/12/2022 01/12/22 Pending -- -- --
12/06/2021 12/06/21 Price Changed $89,900 -5.3% $47 / Sq Ft
11/16/2021 11/16/21 For Sale $94,900 -- $50 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,381 $64,000 $9,000 $55,000
2023 $1,353 $62,000 $9,000 $53,000
2022 $1,366 $62,300 $9,000 $53,300
2021 $722 $32,200 $9,000 $23,200
2020 $705 $32,200 $9,000 $23,200
2019 $701 $32,200 $9,000 $23,200
2018 $704 $32,200 $9,000 $23,200
2017 $703 $32,000 $9,000 $23,000
2016 $706 $32,100 $9,000 $23,100
2014 $698 $31,700 $9,000 $22,700
2013 -- $31,900 $9,000 $22,900
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Darron Albin

    HARRIS REAL ESTATE LLC

    (812) 483-6708

    35 Total Sales

    Darron Albin
    Section Image
  • Randy Harris

    Seller Co-Listing Agent in 2022

    Randy Harris

    HARRIS REAL ESTATE LLC

    (812) 380-1065

    230 Total Sales

    Randy Harris
    Section Image
  • Penny Crick

    Buyer's Agent in 2022

    Penny Crick

    ERA FIRST ADVANTAGE REALTY, INC

    (812) 483-2219

    701 Total Sales

    Penny Crick
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202148081

Indiana Regional MLS

APN: 82-06-33-011-033.001-027

Indiana Vanderburgh County Evansville 47714

1045 Covert Ave, Evansville, IN

This home is located at 1045 Covert Ave, Evansville, IN 47714 since 16 November 2021 and is currently estimated at $95,255, approximately $50 per square foot. This property was built in 1940. 1045 Covert Ave is a home located in Vanderburgh County with nearby schools including Benjamin Bosse High School, Glenwood Leadership Academy, and Annunciation Catholic School - Holy Spirit Campus.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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