NOT LISTED FOR SALE

408 S 3rd St Unit A-B-C Boonville, IN 47601

Estimated Value: $82,000 - $201,000

4 Beds
3 Baths
2,492 Sq Ft
$48/Sq Ft Est. Value

Last Sold January 17, 2025

Last sale price $83,000 $33 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $802/month

276 Days on Market

Highlights

  • Partially Wooded Lot
  • Government Subsidized Program
  • Vinyl Flooring
  • Oakdale Elementary School Rated A-
  • Level Lot

About This Home

As of January 2025

Great opportunity to add to your portfolio with this triplex in Boonville. Located just off the square, this completely renovated building will offer peace of mind with little maintenance. There are 2 units on the first floor, and two-1 bedroom apartments, and a large, more than 1,200 sq foot two-bedroom apartment upstairs. There is luxury vinyl flooring throughout, appliances, and tile in all the bathrooms. Roof is newer, and the house has newer vinyl double pane windows throughout as well.

Last Listed By

Michelle Stanger

Stanger Homes, LLC Brokerage Email: michelle.stanger@homefinder.org Listed on: 04/15/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,300

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 80x70
  • Level Lot
  • Partially Wooded Lot

Home Design

  • Triplex
  • Vinyl Construction Material

Interior Spaces

  • 2,492 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement
  • Block Basement Construction
  • Fire and Smoke Detector

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • 1 Car Garage
  • Gravel Driveway

Schools

  • Oakdale Elementary School
  • Boonville Middle School
  • Boonville High School

Farming

  • Government Subsidized Program

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Community Well

Listing and Financial Details

  • Tenant pays for heating, lawn maintenance
  • The owner pays for electric, trash collection, water
  • Assessor Parcel Number 87-09-35-217-026.000-003

Community Details

Overview

  • 3 Units

Building Details

  • 1 Separate Electric Meter
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,000
  • Insurance Expense $1,000
  • Maintenance Expense $1,000
  • Trash Expense $672
  • Water Sewer Expense $3,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,300

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 124
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: PT S OL 4 Boonville
  • Parcel Number ID: 87-09-35-217-026.000-003
  • Platted: Yes
  • Amenities: Detector-Smoke
  • Inside City Limits: Yes
  • Sp Lp Percent: 100
  • Annual Miscellaneous: 200
  • Government Subsidized: Yes
  • Monthly Gross Income: 2175
  • Year Taxes Payable: 2023/24
  • Special Features: None

Interior Features

  • Total Sq Ft: 2492
  • Total Finished Sq Ft: 2492
  • Above Grade Finished Sq Ft: 2492
  • Price Per Sq Ft: 33.31
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Laminate, Vinyl
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Window
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Gas Company: Boonville Natural Gas
  • Well Type: Community
  • Annual Electric: 3000
  • Annual Insurance Expense: 1000
  • Annual Maintenance Expense: 1000
  • Annual Trash Expense: 672
  • Annual Water Sewer Expense: 3000
  • Number Electric Meters: 1
  • Number Gas Meters: 3
  • Number Water Meters: 1

Schools

  • School District: Warrick County School Corp.
  • Elementary School: Oakdale
  • Middle School: Boonville
  • High School: Boonville
  • Elementary School: Oakdale

Lot Info

  • Lot Description: Level, Partially Wooded
  • Lot Dimensions: 80x70
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2

Rental Info

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

Multi Family

  • Gross Monthly Rent: 650
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1300

MLS Schools

  • High School: Boonville
  • Middle School: Boonville
  • School District: Warrick County School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
Jan 16, 2025
Sold by
Evans Ronald
Bought by
Xu Yuyan
Seller's Agent
Michelle Stanger
Stanger Homes, LLC
Buyer's Agent
Michelle Stanger
Stanger Homes, LLC
List Price
$125,000
Sold Price
$83,000
Premium/Discount to List
-$42,000
-33.6%
Total Days on Market
276
Views
246
Current Estimated Value
$120,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,680
Avg. Annual Appreciation
248.22%

Purchase Details

Closed on
Jun 24, 2021
Sold by
Ers Management Llc
Bought by
Xu Yuyan

Purchase Details

Closed on
Mar 27, 2019
Sold by
Brighton Bank
Bought by
Ers Mangagement Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,153
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 13, 2019
Sold by
Carbah Christopher
Bought by
Brighton Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,153
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 2016
Sold by
Evans Ron
Bought by
Carbah Christopher L

Purchase Details

Closed on
Mar 30, 2005
Sold by
Canary Pamela S and Smith Norman J
Bought by
Evans Ron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.05%
Mortgage Type
Future Advance Clause Open End Mortgage

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
Xu Yuyan -- None Listed On Document
Xu Yuyan $35,000 None Available
Ers Mangagement Llc -- None Available
Brighton Bank -- None Available
Carbah Christopher L $41,000 --
Evans Ron -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ers Mangagement Llc $455,153
Previous Owner Brighton Bank $455,153
Previous Owner Evans Ronald J $1,165,015
Previous Owner Evans Ronald J $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2025 01/17/25 Sold $83,000 -17.0% $33 / Sq Ft
07/18/2024 07/18/24 Price Changed $100,000 -20.0% $40 / Sq Ft
04/15/2024 04/15/24 For Sale $125,000 -- $50 / 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
2023 $1,594 $79,700 $6,200 $73,500
2022 $1,438 $71,900 $6,200 $65,700
2021 $1,226 $61,300 $6,200 $55,100
2020 $1,248 $59,400 $6,200 $53,200
2019 $959 $44,700 $6,200 $38,500
2018 $845 $42,000 $6,200 $35,800
2017 $1,718 $40,800 $6,200 $34,600
2016 $815 $40,500 $6,200 $34,300
2014 $878 $43,600 $8,700 $34,900
2013 $886 $44,000 $8,700 $35,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202412432

Indiana Regional MLS

APN: 87-09-35-217-026.000-003