NOT LISTED FOR SALE

2402 N Fares Ave Evansville, IN 47711

Business 41 Neighborhood

Estimated Value: $77,000 - $109,000

3 Beds
1 Bath
1,026 Sq Ft
$89/Sq Ft Est. Value

Last Sold January 31, 2023

Last sale price $70,000 $68 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $625/month

4 Days on Market

Highlights

  • Fenced Yard
  • 2 Car Detached Garage
  • Level Lot
  • North High School Rated A-
  • Central Air
  • Carpet

About This Home

As of January 2023

This 3 Bedroom, one bath home has had some recent updates. New Furnace (2019) new windows (2022) Located on a fenced-in corner lot, this home also has a detached garage. Currently rented. Being sold AS-IS, in a package with other investment properties.

Last Agent to Sell the Property

Kate Moore

ERA FIRST ADVANTAGE REALTY, INC Listed on: 12/19/2022

ERA FIRST ADVANTAGE REALTY, INC

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

  • $792

Year Built

  • Built in 1944

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 64x73
  • Fenced Yard
  • Level Lot

Home Design

  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,026 Sq Ft Home
  • 1-Story Property
  • Laundry in Kitchen

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Schools

  • Evans Elementary School
  • North Middle School
  • North High School

Utilities

  • Central Air
  • Heating System Uses Gas

Community Details

  • Diamond Villa Subdivision
  • Insurance Expense $1,200

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tenant pays for cable, electric, lawn maintenance, sewer, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 82-06-16-011-106.032-027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$792

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1944
  • Age: 78
  • Style: One Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Diamond Villa Lot 62
  • Parcel Number ID: 82-06-16-011-106.032-027
  • Platted: Yes
  • Amenities: Fenced Yard, Off Street Parking, Home Warranty Included
  • Sp Lp Percent: 93.33
  • Monthly Gross Income: 750
  • Year Taxes Payable: 791.18
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1026
  • Total Finished Sq Ft: 1026
  • Above Grade Finished Sq Ft: 1026
  • Price Per Sq Ft: 68.23
  • Basement Foundation: Slab
  • Flooring: Carpet, Laminate
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: Public
  • Water Utilities: Public
  • Annual Insurance Expense: 1200
  • Number Of W D Hookups: 1

Schools

  • School District: Evansville-Vanderburgh School Corp.
  • Elementary School: Evans
  • Middle School: North
  • High School: North
  • Elementary School: Evans

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 64x73
  • Estimated Lot Sq Ft: 4792
  • Estimated Lot Size Acres: 0.11

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Cable, Electric, Lawn Maintenance, Sewer, Water

Tax Info

  • Total Assessed Value: 2022
  • Annual Property Tax: 792

Multi Family

  • Gross Monthly Rent: 750
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Number Of Washers: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 1

MLS Schools

  • High School: North
  • Middle School: North
  • School District: Evansville-Vanderburgh School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2022
Closed on
Jan 31, 2023
Sold by
Reine Investment Group Llc
Bought by
Titan Atlas Holdings Llc
Seller's Agent
Kate Moore
ERA FIRST ADVANTAGE REALTY, INC
Buyer's Agent
Michael Melton
ERA FIRST ADVANTAGE REALTY, INC
List Price
$75,000
Sold Price
$70,000
Premium/Discount to List
-$5,000
-6.67%
Views
39
Current Estimated Value
$95,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,000
Avg. Annual Appreciation
13.88%
Original Mortgage
$512,000
Outstanding Balance
$492,781
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
-$395,781

Purchase Details

Listed on
Jul 16, 2018
Closed on
Nov 13, 2018
Sold by
Fannie Mae
Bought by
Reine Investment Group Llc
Seller's Agent
Rebecca Demastus
ERA FIRST ADVANTAGE REALTY, INC
Buyer's Agent
Darlene Carr
F.C. TUCKER EMGE
List Price
$35,000
Sold Price
$35,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.71%
Original Mortgage
$28,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2018
Sold by
Bank Of America Na
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Titan Atlas Holdings Llc $75,000 --
Reine Investment Group Llc $35,000 None Available
Federal National Mortgage Association $31,171 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Titan Atlas Holdings Llc $512,000
Previous Owner Reine Investment Group Llc $28,000
Previous Owner Wilson Sharon $41,440
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2023 01/31/23 Sold $70,000 -6.7% $68 / Sq Ft
12/23/2022 12/23/22 Pending -- -- --
12/19/2022 12/19/22 For Sale $75,000 +114.3% $73 / Sq Ft
10/31/2018 10/31/18 Sold $35,000 0.0% $34 / Sq Ft
10/02/2018 10/02/18 Pending -- -- --
10/01/2018 10/01/18 For Sale $35,000 0.0% $34 / Sq Ft
09/28/2018 09/28/18 Pending -- -- --
09/21/2018 09/21/18 Price Changed $35,000 -22.0% $34 / Sq Ft
08/17/2018 08/17/18 Price Changed $44,900 -10.1% $44 / Sq Ft
07/16/2018 07/16/18 For Sale $49,950 -- $49 / 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 $1,291 $38,400 $10,700 $27,700
2023 $827 $38,100 $10,700 $27,400
2022 $834 $38,200 $10,700 $27,500
2021 $791 $35,600 $10,700 $24,900
2020 $1,094 $35,600 $10,700 $24,900
2019 $769 $35,600 $10,700 $24,900
2018 $0 $38,400 $13,300 $25,100
2017 $0 $38,300 $13,300 $25,000
2016 -- $38,300 $13,300 $25,000
2014 -- $38,100 $13,300 $24,800
2013 -- $38,700 $13,300 $25,400
Source: Public Records

Agents Affiliated with this Home

  • Kate Moore

    Seller's Agent in 2023

    Kate Moore

    ERA FIRST ADVANTAGE REALTY, INC

    (812) 706-9244

    7 in this area

    31 Total Sales

    Section Image
  • Michael Melton

    Buyer's Agent in 2023

    Michael Melton

    ERA FIRST ADVANTAGE REALTY, INC

    (812) 431-1180

    7 in this area

    609 Total Sales

    Section Image
  • Rebecca Demastus

    Seller's Agent in 2018

    Rebecca Demastus

    ERA FIRST ADVANTAGE REALTY, INC

    (812) 457-9345

    1 in this area

    349 Total Sales

    Section Image
  • Darlene Carr

    Buyer's Agent in 2018

    Darlene Carr

    F.C. TUCKER EMGE

    (812) 483-8990

    1 in this area

    140 Total Sales

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202250038

Indiana Regional MLS

APN: 82-06-16-011-106.032-027

Indiana Vanderburgh County Evansville 47711 Business 41

2402 N Fares Ave, Evansville, IN

This home is located at 2402 N Fares Ave, Evansville, IN 47711 since 19 December 2022 and is currently estimated at $91,667, approximately $89 per square foot. This property was built in 1944. 2402 N Fares Ave is a home located in Vanderburgh County with nearby schools including Evans School, North Junior High School, and North High School.

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.

Indiana Regional MLS 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.

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