NOT LISTED FOR SALE

2504 N Fares Ave Evansville, IN 47711

Business 41 Neighborhood

Estimated Value: $94,000 - $107,000

2 Beds
2 Baths
1,250 Sq Ft
$80/Sq Ft Est. Value

Last Sold January 31, 2023

Last sale price $75,000 $60 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $634/month

4 Days on Market

Highlights

  • Central Air
  • Ceiling Fan
  • Carpet
  • North High School Rated A-
  • Level Lot
  • 1-Story Property

About This Home

As of January 2023

This Duplex has one bedroom/1bath units. Both Units are currently rented. Unit 2504 recently had the driveway upgraded and a handicapped access ramp added. Units are being sold as is and are part of an investment package. 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

  • $5,265

Year Built

  • Built in 1944

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 81x73
  • Level Lot

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 1,250 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Crawl Space

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, heating, lawn maintenance
  • The owner pays for water
  • Assessor Parcel Number 82-06-16-011-106.028-027

Community Details

Overview

  • 2 Units
  • Diamond Villa Subdivision

Building Details

  • Insurance Expense $1,200
  • Water Sewer Expense $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,265

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1944
  • Age: 78
  • Style: One Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Diamond Villa Lot 58
  • Parcel Number ID: 82-06-16-011-106.028-027
  • Platted: Yes
  • Amenities: Ceiling Fan
  • Sp Lp Percent: 90.36
  • Monthly Gross Income: 1125
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 1250
  • Total Finished Sq Ft: 1250
  • Above Grade Finished Sq Ft: 1250
  • Price Per Sq Ft: 60
  • Basement Foundation: Crawl
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 2

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
  • Annual Water Sewer Expense: 2400
  • Number Of W D Hookups: 2

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: 81x73
  • Estimated Lot Sq Ft: 6098
  • Estimated Lot Size Acres: 0.14

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Water
  • Tenant Pays: Electric, Heating, Lawn Maintenance

Multi Family

  • Gross Monthly Rent: 1125
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 2
  • Num Of Units Rented: 2

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
$83,000
Sold Price
$75,000
Premium/Discount to List
-$8,000
-9.64%
Views
38
Current Estimated Value
$98,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,000
Avg. Annual Appreciation
12.83%
Original Mortgage
$512,000
Outstanding Balance
$492,781
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
-$391,114

Purchase Details

Listed on
Sep 5, 2018
Closed on
Oct 25, 2018
Sold by
Williams Richard W and Williams Vickie L
Bought by
Rene Investment Group Llc
Seller's Agent
Jason Eddy
F.C. TUCKER EMGE
Buyer's Agent
Darlene Carr
F.C. TUCKER EMGE
List Price
$30,000
Sold Price
$29,000
Premium/Discount to List
-$1,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.92%
Original Mortgage
$138,000
Interest Rate
4.7%
Mortgage Type
Commercial
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
Titan Atlas Holdings Llc $75,000 --
Rene Investment Group Llc -- 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 $164,000
Previous Owner Rene Investment Group Llc $138,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2023 01/31/23 Sold $75,000 -9.6% $60 / Sq Ft
12/23/2022 12/23/22 Pending -- -- --
12/19/2022 12/19/22 For Sale $83,000 +186.2% $66 / Sq Ft
10/25/2018 10/25/18 Sold $29,000 -3.3% $23 / Sq Ft
09/11/2018 09/11/18 Pending -- -- --
09/05/2018 09/05/18 For Sale $30,000 -- $24 / 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 $5,265 $36,200 $13,500 $22,700
2023 $767 $35,300 $13,500 $21,800
2022 $773 $35,400 $13,500 $21,900
2021 $749 $33,700 $13,500 $20,200
2020 $732 $33,700 $13,500 $20,200
2019 $728 $33,700 $13,500 $20,200
2018 $730 $33,700 $13,500 $20,200
2017 $733 $33,600 $13,500 $20,100
2016 $734 $33,600 $13,500 $20,100
2014 $750 $34,300 $13,500 $20,800
2013 -- $34,500 $13,500 $21,000
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

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  • Michael Melton

    Buyer's Agent in 2023

    Michael Melton

    ERA FIRST ADVANTAGE REALTY, INC

    (812) 431-1180

    7 in this area

    612 Total Sales

    Section Image
  • Jason Eddy

    Seller's Agent in 2018

    Jason Eddy

    F.C. TUCKER EMGE

    (812) 499-4519

    331 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: 202250042

Indiana Regional MLS

APN: 82-06-16-011-106.028-027

Indiana Vanderburgh County Evansville 47711 Business 41

2504 N Fares Ave, Evansville, IN

This home is located at 2504 N Fares Ave, Evansville, IN 47711 since 19 December 2022 and is currently estimated at $99,667, approximately $79 per square foot. This property was built in 1944. 2504 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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