$150,000
SOLD MAY 30, 2023

1405 S 15th St Vincennes, IN 47591

6 Beds
4 Baths
2,600 Sq Ft
10,149 Sq Ft Lot

Recently Sold

$58 Per Sq Ft

17% Below List Price

30 Days on Market

Highlights

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

About This Home

As of May 2024

This triplex property is an excellent investment opportunity, offering three separate units for potential tenants. The property is conveniently located near local ball fields, restaurants, and a grocery store, making it an ideal location for renters looking for easy access to amenities. The largest unit in the triplex is a spacious 3-bedroom, 2-bathroom apartment. With three bedrooms, this unit is perfect for families or roommates who desire plenty of space. The unit features two full bathrooms, ensuring that occupants have enough privacy and convenience. The second unit is a cozy 2-bedroom, 1-bathroom apartment that is perfect for small families or couples. The unit offers a comfortable living space and a single bathroom, providing a convenient and practical living situation for tenants. The third unit in the triplex is a 1-bedroom, 1-bathroom apartment. This unit is perfect for single individuals or couples who desire a more intimate living space. The unit offers one bedroom and one full bathroom, making it a comfortable and practical living option. Overall, this triplex property is a great investment opportunity that offers three different living situations to potential tenants. Its prime location near local amenities and its variety of unit sizes make it an attractive option for renters looking for a comfortable and convenient place to call home.

Last Agent to Sell the Property

Cameron Engstrom

KLEIN RLTY&AUCTION, INC. Listed on: 03/28/2023

Last Buyer's Agent

Michael Melton

ERA FIRST ADVANTAGE REALTY, INC

ERA FIRST ADVANTAGE REALTY, INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,496

Year Built

  • Built in 1914

Lot Details

  • 10,149 Sq Ft Lot
  • Corner Lot

Parking

  • 6 Parking Spaces

Home Design

  • Triplex
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2,600 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

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, trash collection
  • The owner pays for building insurance, sewer, water
  • Assessor Parcel Number 42-12-28-311-025.000-022

Community Details

Overview

  • 3 Units
  • South Vincennes Subdivision

Building Details

  • Insurance Expense $3,216
  • Water Sewer Expense $1,584

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,496

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1914
  • Age: 109
  • Style: One Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: S Vinc SD Lot 11 & 12 .129A
  • Parcel Number ID: 42-12-28-311-025.000-022
  • Platted: Yes
  • Inside City Limits: Yes
  • Parcel Id2: 42-12-28-311-001.000-022
  • Sp Lp Percent: 88.29
  • Monthly Gross Income: 2015
  • Year Taxes Payable: '21 Pay '22
  • Special Features: None

Interior Features

  • Total Sq Ft: 2600
  • Total Finished Sq Ft: 2600
  • Above Grade Finished Sq Ft: 2600
  • Price Per Sq Ft: 57.69
  • Basement Foundation: Crawl, Slab
  • Flooring: Mixed
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Brick, Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 3216
  • Annual Water Sewer Expense: 1583.65
  • Number Of W D Hookups: 3

Schools

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

Lot Info

  • Lot Description: Corner, 0-2.9999
  • Lot Dimensions: Rectangular
  • Estimated Lot Sq Ft: 10149
  • Estimated Lot Size Acres: 0.233

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Sewer, Water
  • Tenant Pays: Electric, Fuel, Trash Collection

Multi Family

  • Gross Monthly Rent: 2015
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 1495.6

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
$179,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,296
Avg. Annual Appreciation
-0.25%

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:

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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 Type Sale Price Title Company
Deed $187,000 First Advantage Title Services
Deed $150,000 First Advantage Title Services
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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 $1,896 $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: 202309035

Indiana Regional MLS

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