Seller's Agent in 2023
Jacy Gowen
Weichert Realtors-The Schulz Group
(812) 499-8470
4 in this area
164 Total Sales
114 Cherry St Evansville, IN 47713
Riverside NeighborhoodEstimated Value: $233,000 - $723,780
12
Beds
10
Baths
8,138
Sq Ft
$59/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Covered Patio or Porch
- Walk-In Closet
- Francis Joseph Reitz High School Rated 9+
- Eat-In Kitchen
- 5-minute walk to Mickey’s Kingdom Playground
About This Home
As of May 2023Excellent investment opportunity in an extraordinary location! A total of ten units in two buildings (114 Cherry St and 322 SE 1st St). Fully rented, professionally managed with eight 1-bedroom/1 bath units and two 2-bedroom/1 bath units in total. Most units feature updates including LVT flooring, kitchen cabinets, counter tops, stainless steel appliances. Buildings also feature locked foyers, laundry facilities, and several units with private porches. Utilities are paid by tenants. Located in the Riverside Historic District, and just steps from the riverfront, Main Street, and Haynie's Corner Arts District, this package presents a rare opportunity to invest in the very heart of Evansville. Buildings are being sold As Is.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,912
Year Built
- Built in 1919
Lot Details
- 7,500 Sq Ft Lot
- Lot Dimensions are 50 x 150
- Level Lot
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
- Shingle Roof
- Rubber Roof
- Masonry Siding
- Masonry
Interior Spaces
- 2-Story Property
- Ceiling height of 9 feet or more
- Ceiling Fan
- Entrance Foyer
- Fire and Smoke Detector
- Unfinished Basement
Kitchen
- Eat-In Kitchen
- Laminate Countertops
Flooring
- Wood
- Carpet
- Ceramic Tile
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 12 Bedrooms
- Walk-In Closet
- 10 Full Bathrooms
Outdoor Features
- Covered Patio or Porch
Schools
- West Terrace Elementary School
- Perry Heights Middle School
- Francis Joseph Reitz High School
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electric, heating, sewer, water
- The owner pays for maintenance
- Assessor Parcel Number 820630020079005029
Community Details
Overview
- 2 Buildings
- 10 Units
Pet Policy
- Pets Allowed with Restrictions
Building Details
- Insurance Expense $3,827
- Maintenance Expense $7,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 20, 2023
Closed on
May 18, 2023
Sold by
Harrison Building & Loan Assn
Bought by
Acacia Properties Llc
Seller's Agent
Jacy Gowen
Weichert Realtors-The Schulz Group
Buyer's Agent
Michael Melton
ERA FIRST ADVANTAGE REALTY, INC
List Price
$600,000
Sold Price
$653,000
Premium/Discount to List
$53,000
8.83%
Views
138
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$171,305
Avg. Annual Appreciation
-10.09%
Original Mortgage
$489,750
Outstanding Balance
$245,418
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$236,277
Purchase Details
Closed on
May 18, 2020
Sold by
Fetter Properties Llc
Bought by
Harrison Building Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,400
Interest Rate
3.3%
Mortgage Type
Future Advance Clause Open End Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Acacia Properties Llc | -- | Near North Title | |
| Harrison Building Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Acacia Properties Llc | $489,750 | |
| Previous Owner | Harrison Building Llc | $315,400 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/19/2023 05/19/23 | Sold | $653,000 | +8.8% | $80 / Sq Ft |
| 03/29/2023 03/29/23 | Pending | -- | -- | -- |
| 03/20/2023 03/20/23 | For Sale | $600,000 | -- | $74 / Sq Ft |
Source: Indiana Regional MLS
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 |
|---|---|---|---|---|
| 2025 | $8,411 | $478,000 | $9,400 | $468,600 |
| 2024 | $8,411 | $389,800 | $9,400 | $380,400 |
| 2023 | $9,096 | $418,800 | $10,500 | $408,300 |
| 2022 | $8,473 | $388,300 | $10,500 | $377,800 |
| 2021 | $7,912 | $356,300 | $10,500 | $345,800 |
| 2020 | $4,969 | $228,800 | $10,500 | $218,300 |
| 2019 | $4,940 | $228,800 | $10,500 | $218,300 |
| 2018 | $4,936 | $228,100 | $10,500 | $217,600 |
| 2017 | $4,919 | $225,600 | $10,500 | $215,100 |
| 2016 | $4,927 | $225,600 | $10,500 | $215,100 |
| 2014 | $4,847 | $221,800 | $10,500 | $211,300 |
| 2013 | -- | $203,100 | $10,500 | $192,600 |
Source: Public Records
Agents Affiliated with this Home
-
Jacy Gowen
-
Michael Melton
Buyer's Agent in 2023
Michael Melton
ERA FIRST ADVANTAGE REALTY, INC
(812) 431-1180
2 in this area
589 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202308126
APN: 82-06-30-020-079.005-029
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.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID
Nearby Homes
- 603 SE 1st St
- 224 Mulberry St
- 702 SE 2nd St
- 301 Main St Unit D
- 315 Chandler Ave
- 300 Main St Unit 2C
- 300 Main St Unit 4H
- 803 SE Riverside Dr
- 808 Sunset Ave
- 813 SE Riverside Dr
- 83 Adams Ave
- 827 Judson St
- 428 NW 3rd St
- 1312 Parrett St
- 800 Line St
- 1207 Culver Dr
- 1414 SE 1st St
- 301 Washington Ave
- 310 Washington Ave
- 1227-1229 Culver Dr
- 114 Cherry St Unit B
- 318 SE 1st St
- 400 SE 1st St
- 115 Cherry St Unit 2
- 115 Cherry St
- 406 SE 1st St
- 310 SE 1st St Unit 312
- 117 Cherry St
- 321 SE 1st St
- 327 SE 2nd St
- 408 SE 1st St
- 119 Cherry St
- 319 SE 2nd St
- 401 SE 1st St
- 315 SE 2nd St
- 304 SE 1st St
- 304 SE 1st St Unit 304 SE 1st St, Apt C
- 304 SE 1st St Unit C
- 322 SE 1st St
- 401 SE 2nd St Unit 403
Your Personal Tour Guide
Ask me questions while you tour the home.