NOT LISTED FOR SALE

228 S 8th St Vincennes, IN 47591

Estimated Value: $95,441 - $139,000

2 Beds
2 Baths
1,165 Sq Ft
$106/Sq Ft Est. Value

Last Sold July 28, 2022

Last sale price $29,200 $25 Per Sq Ft

Est. 323% increase in value since last sale

Current estimated payment $797/month

14 Days on Market

Highlights

  • Wood Flooring
  • Covered patio or porch
  • Wood Siding
  • Corner Lot
  • Forced Air Heating System
  • 3-minute walk to Lester Square Memorial Park

About This Home

As of July 2022

INVESTMENT PROPERTY OPPORTUNITY!! Features include two rented units with a consistent rental history and seller maintenance history.

Last Agent to Sell the Property

Phil Corrona

Fathom Realty IN, LLC Listed on: 07/05/2022

Fathom Realty IN, LLC

Last Buyer's Agent

Diana Martin

NonMember MEIAR

NonMember MEIAR

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1842

Lot Details

  • 4,269 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

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

Additional Features

  • Covered patio or porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, fuel, heating, trash collection, deposit value
  • The owner pays for building insurance, lawn maintenance, maintenance, sewer, tax, water
  • Assessor Parcel Number 42-12-21-309-074.000-022

Community Details

Overview

  • 2 Units
  • Old Town Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $288
  • Maintenance Expense $291
  • Water Sewer Expense $656

Property Details

Home Type

Multi-Family

Year Built

Built in 1842

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1842
  • Age: 180
  • Style: One Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Old Town SD PT Lot 353
  • Parcel Number ID: 42-12-21-309-074.000-022
  • Platted: Yes
  • Amenities: Detector-Smoke, Porch Covered, Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 83.43
  • Monthly Gross Income: 850
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 2330
  • Total Finished Sq Ft: 1165
  • Above Grade Finished Sq Ft: 1165
  • Below Grade Sq Ft: 1165
  • Price Per Sq Ft: 25.06
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Carpet, Wood, Vinyl
  • Total Below Grade Sq Ft: 1165
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick, Wood
  • Roof Material: Asphalt, Shingle
  • Stories: 1

Garage/Parking

  • Parking: Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Water Company: Vincennes Water Utilities
  • Annual Insurance Expense: 288
  • Annual Maintenance Expense: 291
  • Annual Water Sewer Expense: 656

Condo/Co-op/Association

  • Common Amenities: Sidewalks
  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: RECTANGULAR
  • Estimated Lot Sq Ft: 4269
  • Estimated Lot Size Acres: 0.098

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Sewer, Tax, Water
  • Tenant Pays: Cable, Cooling, Electric, Fuel, Heating, Trash Collection, Deposit Value

Multi Family

  • Gross Monthly Rent: 850
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 937.26

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2009
Sold by
Rex R Chambers
Bought by
Smith Thomas W and Smith Kandi K
Current Estimated Value
$123,610
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Smith Thomas W $31,500 Total Title Services, Llc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2022 07/28/22 Sold $29,200 -16.6% $25 / Sq Ft
07/19/2022 07/19/22 Pending -- -- --
07/19/2022 07/19/22 For Sale $35,000 0.0% $30 / Sq Ft
07/06/2022 07/06/22 Pending -- -- --
07/05/2022 07/05/22 For Sale $35,000 -- $30 / 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 $1,379 $65,700 $4,300 $61,400
2023 $1,353 $64,400 $4,300 $60,100
2022 $1,152 $56,100 $4,300 $51,800
2021 $990 $48,200 $4,300 $43,900
2020 $937 $45,700 $4,300 $41,400
2019 $929 $44,500 $3,600 $40,900
2018 $948 $45,500 $3,600 $41,900
2017 $934 $44,700 $3,600 $41,100
2016 $934 $44,700 $3,600 $41,100
2014 $863 $42,200 $3,600 $38,600
2013 $901 $43,700 $500 $43,200
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202227577

Indiana Regional MLS

APN: 42-12-21-309-074.000-022