PENDING
$20K PRICE DROP
501 N 2nd St Vincennes, IN 47591
Estimated payment $458/month
Total Views
37,272
3
Beds
1
Bath
1,463
Sq Ft
$48
Price per Sq Ft
Highlights
- Wood Flooring
- Covered patio or porch
- Bathtub with Shower
- Corner Lot
- Formal Dining Room
- 3-minute walk to Vincennes Parks & Recreation
About This Home
Income producing home with long term tenant! This is a 3 bedroom, 1 bathroom home in Old Town Vincennes that has proven rental history. The current tenant is paying $700/month, has been there over 10 years and has an extended lease until January of 2027. This home has an added bonus, as it formerly had another 2 bedrooms and a bathroom upstairs prior to being closed off. This home has plenty of space and is the perfect investment home to add to your portfolio. Due to the tenant and current lease, this home will not qualify for any government loan types.
Last Listed By
KLEIN RLTY&AUCTION, INC. Brokerage Phone: 812-890-1827 Listed on: 04/29/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $811
Year Built
- Built in 1880
Lot Details
- 4,792 Sq Ft Lot
- Corner Lot
- Property is zoned C2
Home Design
- Bungalow
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- 1-Story Property
- Dining Room with Fireplace
- Formal Dining Room
- Partially Finished Basement
- Crawl Space
Kitchen
- Electric Oven or Range
- Laminate Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
- Bathtub with Shower
Laundry
- Laundry on main level
- Washer and Electric Dryer Hookup
Schools
- Tecumseh-Harrison Elementary School
- Clark Middle School
- Lincoln High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Additional Features
- Covered patio or porch
- Suburban Location
Community Details
- Judah & Mantles Subdivision
Listing and Financial Details
- Assessor Parcel Number 42-12-21-112-005.000-022
Map
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Home Values in the Area
Average Home Value in this Area
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 | $889 | $42,600 | $4,500 | $38,100 |
| 2023 | $914 | $43,600 | $3,900 | $39,700 |
| 2022 | $801 | $38,800 | $3,900 | $34,900 |
| 2021 | $759 | $36,700 | $3,900 | $32,800 |
| 2020 | $723 | $35,000 | $3,900 | $31,100 |
| 2019 | $726 | $34,400 | $3,800 | $30,600 |
| 2018 | $732 | $34,700 | $3,700 | $31,000 |
| 2017 | $737 | $34,900 | $3,700 | $31,200 |
| 2016 | $764 | $36,200 | $3,700 | $32,500 |
| 2014 | $785 | $38,200 | $3,700 | $34,500 |
| 2013 | $742 | $35,800 | $600 | $35,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | Pending | -- | -- | -- |
| 03/21/2025 03/21/25 | Price Changed | $69,900 | -6.7% | $48 / Sq Ft |
| 10/14/2024 10/14/24 | Price Changed | $74,900 | -16.7% | $51 / Sq Ft |
| 04/29/2024 04/29/24 | For Sale | $89,900 | -- | $61 / Sq Ft |
Source: Indiana Regional MLS
About the Listing Agent
Tyler Simmons is a native of Salem, Illinois, and has been a Vincennes resident for over 13 years. Tyler is an alumnus of Vincennes University's Business Program and Construction Management program. Tyler has been in retail sales since he was 16 years old. He started in Real Estate in 2011, and has averaged fifty-five sold transactions per year, but in 2021 he exceeded that average by 145%, closing eighty properties! He has also expanded his real estate education to hold three designations. He
Tyler's Other Listings
Source: Indiana Regional MLS
MLS Number: 202414605
APN: 42-12-21-112-005.000-022
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