NOT LISTED FOR SALE

1640 2nd Ave Unit Tuell & Ushers Sub. Terre Haute, IN 47807

The Avenues Neighborhood

Estimated Value: $76,000 - $92,000

4 Beds
4 Baths
2,474 Sq Ft
$33/Sq Ft Est. Value

Last Sold August 28, 2015

Last sale price $11,000 $4 Per Sq Ft

Est. 648% increase in value since last sale

Current estimated payment $619/month

140 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating and Cooling System
  • Satellite Dish
  • Covered patio or porch
  • Ceiling Fan
  • Carpet

About This Home

As of August 2015

Step onto the Path of Financial Freedom! Enjoy the income potential of this four-plex apartment building that includes four one-bedroom with one full-bath each units - some appliances included in the sale. This investment property has, recently, been listed for, as much as, $39,900.00 and it was, just, appraised in February 2015 over list price!! Owner's Loss is Your Gain. Since, it is vacant with no, current, income stream - the owner says - "Sell!" You'll get to screen your own tenants, use your own lease and set your own rents! Despite being sold "as-is" it has a lot to offer a new owner. These units have rented, recently, from $375.00 to $450.00 each unit/per month. Call/Text Jeff Kennedy at 812-201-6866 for your showing. MLS #76075.

Last Agent to Sell the Property

Jeff Kennedy

BEST WAY REALTY SERVICES License #RB14034020 Listed on: 03/30/2015

Last Buyer's Agent

HOUSE BEST WAY REALTY

BEST WAY REALTY SERVICES

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1904

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 60' x 135'

Home Design

  • Quadruplex
  • Traditional Architecture
  • Frame Construction
  • Masonite

Interior Spaces

  • 2,474 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Electric Oven or Range

Flooring

  • Carpet
  • Vinyl

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 4 Parking Spaces
  • No Garage

Outdoor Features

  • Covered patio or porch

Schools

  • Franklin Elementary School
  • Woodrow Wilson Middle School
  • Terre Haute North High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Satellite Dish

Community Details

  • 4 Units

Listing and Financial Details

  • Foreclosure
  • Assessor Parcel Number 84-06-15-479-020.000-002

Property Details

Home Type

Multi-Family

Year Built

Built in 1904

Lot Details

0

Listing Details

  • OFFICELIST_ADDRESS: 1640 2nd Avenue
  • OFFICELIST_ADDRESS2: Tuell & Ushers Sub. 15-12-9 Lot 7 Blk 19
  • Second Address Number: 1640
  • Master Lav: 58,800
  • Home Sale Contingency: No
  • New Construction: No
  • Property Includes: four stoves and one fridge
  • Selling Agent1: 779
  • Selling Office1: 144
  • OFFICELIST_STATE: IN
  • Building Style: 2 Story, Traditional
  • FILLSUBDIVISION: None
  • Year Built: 1904
  • Parcel1Number: 84-06-15-479-020.000-002
  • Special Features: 1028
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Partial
  • Foreclosure: Yes
  • Appliances: Refrigerator, Elec. Range/Oven
  • Basement Foundation: Partial Basement, Crawl Space, Outside Entrance Only
  • Fireplace: None
  • Interior Amenities: Vinyl Floors, Carpet, Ceiling Fan(s)
  • Laundry: Not Available
  • Estimated Total Finished Sq Ft: 2474
  • Basement Type: Fourplex
  • Fuel Type: Natural Gas

Exterior Features

  • Exterior: Frame, Masonite
  • Exterior Amenities: Satellite Dish, Paved Street
  • Number of Acres: 0.18
  • Balcony/Porch/Patio: Porch Open, Porch Covered

Garage/Parking

  • Garage Type: None

Utilities

  • Cooling: Central Air, Electric
  • Heating: Natural Gas, Forced Air
  • Sewer: City Sewer
  • Water Source: City Water

Condo/Co-op/Association

  • Units in Building: 4

Fee Information

  • Tax Class: MULTI-FAMILY
  • Taxes: 1176

Schools

  • Elementary School: Franklin
  • Middle School: Woodrow Wilson
  • High School: Terre Haute North
  • Elementary School: Franklin
  • High School: Terre Haute North
  • Middle School: Woodrow Wilson

Lot Info

  • Lot Size: 60' x 135'
  • Zoning: R-3 Multi

Tax Info

  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 13, 2020
Sold by
Spatz Whitney L
Bought by
Ebner Torend
Total Days on Market
140
Current Estimated Value
$82,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Outstanding Balance
$46,977
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$40,356

Purchase Details

Closed on
Sep 14, 2017
Sold by
El Mimary Invest Inc
Bought by
Spatz Whitney L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 30, 2015
Closed on
Aug 25, 2015
Sold by
The Morris Plan Company Of Terre Haute I
Bought by
El Mimary Invest Inc
Seller's Agent
Jeff Kennedy
BEST WAY REALTY SERVICES
Buyer's Agent
HOUSE BEST WAY REALTY
BEST WAY REALTY SERVICES
List Price
$19,900
Sold Price
$11,000
Premium/Discount to List
-$8,900
-44.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.62%

Purchase Details

Closed on
Feb 26, 2015
Sold by
Manche Thomas E and Manche Linda M
Bought by
Morris Plan Company Of Terre Haute Inc

Purchase Details

Closed on
May 18, 2005
Sold by
Padgett Joshua
Bought by
Manche Thomas and Manche Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,500
Interest Rate
5.91%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Ebner Torend -- Integrity Title Services
Spatz Whitney L -- Integrity Title Services
El Mimary Invest Inc -- Integrity Title Services
Morris Plan Company Of Terre Haute Inc -- None Available
Manche Thomas -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ebner Torend $52,500
Previous Owner Spatz Whitney L $39,000
Previous Owner Manche Thomas E $45,500
Previous Owner Manche Thomas $44,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2015 08/28/15 Sold $11,000 -44.7% $4 / Sq Ft
08/17/2015 08/17/15 Pending -- -- --
03/30/2015 03/30/15 For Sale $19,900 -- $8 / Sq Ft
Source: Terre Haute Area Association of REALTORS®

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 $1,881 $87,000 $9,900 $77,100
2023 $1,699 $78,600 $9,900 $68,700
2022 $1,565 $72,400 $9,900 $62,500
2021 $1,444 $66,800 $10,100 $56,700
2020 $1,418 $65,600 $9,900 $55,700
2019 $1,390 $64,400 $9,700 $54,700
2018 $1,860 $62,000 $9,400 $52,600
2017 $1,214 $60,700 $9,300 $51,400
2016 $1,214 $60,700 $9,300 $51,400
2014 $1,176 $58,800 $9,200 $49,600
2013 $1,176 $57,600 $9,000 $48,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Terre Haute Area Association of REALTORS®

MLS Number: 76075

APN: 84-06-15-479-020.000-002