NOT LISTED FOR SALE

1405 S 15th St Vincennes, IN 47591

Estimated Value: $186,000 - $204,000

6 Beds
4 Baths
2,600 Sq Ft
$75/Sq Ft Est. Value

Last Sold May 16, 2024

Last sale price $187,000 $72 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,101/month

78 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Level Lot
  • 1-Story Property

About This Home

As of May 2024

Tri-plex investment property. There is a large (Unit 1/2) 3 bedroom 2 bath, a medium size (Unit A) 2 bedroom 1 bath, and a smaller (Unit B) 1 bedroom 1 bath. Currently fully occupied. Roof was replaced in 2016. HVAC on Unit 1/2 has been replaced in 2023.

Last Agent to Sell the Property

Michael Melton

ERA FIRST ADVANTAGE REALTY, INC Brokerage Phone: 812-858-2400 Listed on: 01/18/2024

ERA FIRST ADVANTAGE REALTY, INC

Last Buyer's Agent

Michael Melton

ERA FIRST ADVANTAGE REALTY, INC Brokerage Phone: 812-858-2400 Listed on: 01/18/2024

ERA FIRST ADVANTAGE REALTY, INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,734

Year Built

  • Built in 1914

Lot Details

  • 10,149 Sq Ft Lot
  • Level Lot

Home Design

  • Triplex
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 2,600 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Washer Hookup

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Schools

  • Vigo Elementary School
  • Clark Middle School
  • Lincoln High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, fuel, water
  • The owner pays for building insurance, tax
  • Assessor Parcel Number 42-12-28-311-035.000-022

Community Details

Overview

  • 3 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,734

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1914
  • Style: One Story
  • Bedrooms: 6
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: S Vinc SD Lot 11 & 12
  • Parcel Number ID: 42-12-28-311-035.000-022
  • Platted: Yes
  • Amenities: Off Street Parking, Washer Hook-Up
  • Parcel Id2: 42-12-28-311-001.000-022
  • Special Features: None

Interior Features

  • Total Sq Ft: 2600
  • Total Finished Sq Ft: 2600
  • Above Grade Finished Sq Ft: 2600
  • Basement Foundation: Slab
  • Flooring: Laminate
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Aluminum, Brick
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Annual Insurance Expense: 1004
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Of W D Hookups: 3
  • Number Water Meters: 3

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Vigo

Lot Info

  • Lot Description: Level
  • Lot Dimensions: Rectangle
  • Estimated Lot Sq Ft: 10149
  • Estimated Lot Size Acres: 0.233

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Building Insurance, Tax
  • Tenant Pays: Electric, Fuel, Water

Tax Info

  • Annual Property Tax: 1734

Multi Family

  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1

MLS Schools

  • High School: Lincoln
  • Middle School: Clark
  • School District: Vincennes Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2024
Closed on
May 15, 2024
Sold by
Titan Atlas Holdings Llc
Bought by
Hailton Daniel
Seller's Agent
Michael Melton
ERA FIRST ADVANTAGE REALTY, INC
Buyer's Agent
Michael Melton
ERA FIRST ADVANTAGE REALTY, INC
List Price
$189,900
Sold Price
$187,000
Premium/Discount to List
-$2,900
-1.53%
Views
107
Current Estimated Value
$194,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,005
Avg. Annual Appreciation
2.39%

Purchase Details

Listed on
Mar 28, 2023
Closed on
May 30, 2023
Sold by
Lewis Charles M and Lewis Diana L
Bought by
Titan Atlas Holdings Llc
Seller's Agent
Cameron Engstrom
KLEIN RLTY&AUCTION, INC.
Buyer's Agent
Michael Melton
ERA FIRST ADVANTAGE REALTY, INC
List Price
$179,900
Sold Price
$150,000
Premium/Discount to List
-$29,900
-16.62%
Views
180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.82%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hailton Daniel $187,000 First Advantage Title Services
Titan Atlas Holdings Llc $150,000 First Advantage Title Services
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/16/2024 05/16/24 Sold $187,000 -1.5% $72 / Sq Ft
04/05/2024 04/05/24 Pending -- -- --
03/26/2024 03/26/24 For Sale $189,900 0.0% $73 / Sq Ft
03/13/2024 03/13/24 Pending -- -- --
01/18/2024 01/18/24 For Sale $189,900 +26.6% $73 / Sq Ft
05/30/2023 05/30/23 Sold $150,000 -11.7% $58 / Sq Ft View Prior Sale
04/27/2023 04/27/23 Pending -- -- --
04/11/2023 04/11/23 Price Changed $169,900 -5.6% $65 / Sq Ft
03/28/2023 03/28/23 For Sale $179,900 -- $69 / 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 $960 $82,700 $1,400 $81,300
2023 $2,196 $79,400 $1,400 $78,000
2022 $1,536 $74,700 $1,400 $73,300
2021 $1,361 $66,100 $1,400 $64,700
2020 $1,128 $55,000 $1,400 $53,600
2019 $1,264 $54,400 $1,400 $53,000
2018 $1,274 $54,900 $1,300 $53,600
2017 $1,259 $54,100 $1,300 $52,800
2016 $1,270 $54,100 $1,300 $52,800
2014 $1,069 $52,300 $1,300 $51,000
2013 $1,153 $55,900 $500 $55,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202401928

Indiana Regional MLS

APN: 42-12-28-311-035.000-022