NOT LISTED FOR SALE

2517 Covert Ave Evansville, IN 47714

Southeast Side Neighborhood

Estimated Value: $153,338 - $192,000

4 Beds
4 Baths
1,848 Sq Ft
$89/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $131,471 $71 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,023/month

57 Days on Market

Highlights

  • Corner Lot
  • Laundry closet
  • Ceiling Fan
  • Eat-In Kitchen
  • Central Air
  • Carpet

About This Home

As of January 2022

Excellent investment opportunity! All brick duplex, 2 bed/1.5 bath units with convenient location to shopping, restaurants, etc. Laundry hookups in each unit. Per seller, roof 7-8 years old, both furnaces updated. Tenants pay all utilities.

Last Agent to Sell the Property

Jacy Gowen

Weichert Realtors-The Schulz Group Listed on: 11/19/2021

Weichert Realtors-The Schulz Group

Last Buyer's Agent

Rick Mileham

ERA FIRST ADVANTAGE REALTY, INC

ERA FIRST ADVANTAGE REALTY, INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,026

Year Built

  • Built in 1981

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 48 x 125
  • Corner Lot
  • Level Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1,848 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry closet
  • Washer Hookup

Parking

  • 4 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for electric, sewer, trash collection, water
  • Assessor Parcel Number 82-06-34-012-015.005-027

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,962
  • Maintenance Expense $400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,026

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1981
  • Style: One Story
  • Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 2
  • Legal Description: EASTWOOD TERR L(S) 21 & 22
  • Parcel Number ID: 82-06-34-012-015.005-027
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Countertops-Laminate, Eat-In Kitchen, Water Heater Gas, Washer Hook-Up
  • Special Features: None

Interior Features

  • Total Sq Ft: 1848
  • Total Finished Sq Ft: 1848
  • Above Grade Finished Sq Ft: 1848
  • Basement Foundation: Crawl
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Gravel, Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: Public
  • Water Utilities: Public
  • Annual Insurance Expense: 1961.81
  • Annual Maintenance Expense: 400
  • Number Of W D Hookups: 2

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 48 X 125
  • Estimated Lot Sq Ft: 6098
  • Estimated Lot Size Acres: 0.14

Rental Info

  • Lease Term: Month to Month
  • Tenant Pays: Electric, Sewer, Trash Collection, Water

Tax Info

  • Annual Property Tax: 2026.04

Multi Family

  • Number Of Dishwashers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2021
Closed on
Jan 28, 2022
Sold by
Famey Gaylen and Famey Michele
Bought by
Hooper Family Living Trust and Hooper
Seller's Agent
Jacy Gowen
Weichert Realtors-The Schulz Group
Buyer's Agent
Rick Mileham
ERA FIRST ADVANTAGE REALTY, INC
List Price
$139,900
Sold Price
$131,471
Premium/Discount to List
-$8,429
-6.03%
Current Estimated Value
$164,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,114
Avg. Annual Appreciation
5.93%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hooper Family Living Trust -- None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2022 01/28/22 Sold $131,471 -2.5% $71 / Sq Ft
01/15/2022 01/15/22 Pending -- -- --
01/12/2022 01/12/22 Price Changed $134,900 -3.6% $73 / Sq Ft
11/19/2021 11/19/21 For Sale $139,900 -- $76 / 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 $1,890 $87,600 $10,400 $77,200
2023 $1,847 $84,900 $10,400 $74,500
2022 $2,225 $101,800 $10,400 $91,400
2021 $2,073 $93,100 $10,400 $82,700
2020 $2,026 $93,100 $10,400 $82,700
2019 $2,014 $93,100 $10,400 $82,700
2018 $2,022 $93,100 $10,400 $82,700
2017 $2,008 $91,900 $10,400 $81,500
2016 $2,131 $97,400 $10,400 $87,000
2014 $2,085 $95,200 $10,400 $84,800
2013 -- $91,200 $5,500 $85,700
Source: Public Records

Agents Affiliated with this Home

  • Jacy Gowen

    Seller's Agent in 2022

    Jacy Gowen

    Weichert Realtors-The Schulz Group

    (812) 499-8470

    4 in this area

    157 Total Sales

    Jacy Gowen
    Section Image
  • Rick Mileham

    Buyer's Agent in 2022

    Rick Mileham

    ERA FIRST ADVANTAGE REALTY, INC

    (812) 453-1068

    2 in this area

    379 Total Sales

    Rick Mileham
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202148463

Indiana Regional MLS

APN: 82-06-34-012-015.005-027

Indiana Vanderburgh County Evansville 47714 Southeast Side

2517 Covert Ave, Evansville, IN

Not Listed for Sale

MultiFamily

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