NOT LISTED FOR SALE

503 N 6th Ave Evansville, IN 47710

Cedar Hall Neighborhood

Estimated Value: $84,000 - $146,000

6 Beds
2 Baths
1,990 Sq Ft
$57/Sq Ft Est. Value

Last Sold September 29, 2016

Last sale price $45,000 $23 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $726/month

16 Days on Market

Highlights

  • Energy-Efficient Appliances
  • Ceiling Fan
  • Vinyl Flooring
  • Forced Air Heating and Cooling System
  • Level Lot
  • 1-minute walk to Sixth Avenue Park

About This Home

As of September 2016

Excellent investment opportunity. Would be great for first time investor. The property offers stable rental income with a good return on investment. There is currently one vacancy. Owner has prospect lined up to rent that space. The duplex includes 3 bedrooms per unit. Currently rented below market prices, allowing for increased return on investment. Each unit is individually metered for all utilities. The HVAC units and water heaters are either newer or in good working order. The property is located right across the street from a park on a quiet street.

Last Agent to Sell the Property

George Delano

Kinney Realty & Development Listed on: 08/22/2016

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

  • $359

Year Built

  • Built in 1894

Lot Details

  • 5,600 Sq Ft Lot
  • Lot Dimensions are 40 x 140
  • Level Lot

Home Design

  • Duplex
  • Brick Foundation

Interior Spaces

  • 1,990 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Partially Finished Basement

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Kitchen
  • Washer Hookup

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient HVAC
  • Energy-Efficient Thermostat

Schools

  • Cedar Hall Elementary School
  • Thompkins Middle School
  • Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable, cooling, deposit value, electric, fuel, heating, sewer, trash collection, water
  • The owner pays for building insurance, lawn maintenance, maintenance, snow removal
  • Assessor Parcel Number 82-05-24-029-085.009-029

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $500
  • Maintenance Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$359

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1894
  • Age: 122
  • Style: One and Half Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Lamasco Lot 10 Lot 11 Bl 47 |
  • Parcel Number ID: 82-05-24-029-085.009-029
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Water Heater Gas, Washer Hook-Up
  • Cross Street: W Virginia St
  • Inside City Limits: Yes
  • Sp Lp Percent: 90.18
  • Monthly Gross Income: 950
  • Year Taxes Payable: 2016
  • Special Features: None

Interior Features

  • Total Sq Ft: 1990
  • Total Finished Sq Ft: 1990
  • Above Grade Finished Sq Ft: 1990
  • Price Per Sq Ft: 22.61
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Basement Material: Brick
  • Flooring: Laminate, Vinyl
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum
  • Stories: 2

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Electric Company: CenterPoint Energy
  • Gas Company: CenterPoint Energy
  • Water Company: Evansville Water & Sewer
  • Annual Insurance Expense: 500
  • Annual Maintenance Expense: 1200
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Evansville-Vanderburgh School Corp.
  • Elementary School: Cedar Hall
  • Middle School: Thompkins
  • High School: Central
  • Elementary School: Cedar Hall

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40 x 140
  • Estimated Lot Sq Ft: 5600
  • Estimated Lot Size Acres: 0.13

Green Features

  • Energy Efficient: Appliances, HVAC, Thermostat/Controllers

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Snow Removal
  • Tenant Pays: Cable, Cooling, Deposit Value, Electric, Fuel, Heating, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 950
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of 3 Bedrooms: 2
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 358.86

MLS Schools

  • High School: Central
  • Middle School: Thompkins
  • School District: Evansville-Vanderburgh School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2024
Sold by
Brash Properties Llc
Bought by
Hartford Bakery Inc
Total Days on Market
16
Current Estimated Value
$113,053

Purchase Details

Listed on
Aug 22, 2016
Closed on
Sep 29, 2016
Sold by
Winternheimer James E
Bought by
Brash Properties Llc
Seller's Agent
George Delano
Kinney Realty & Development
Buyer's Agent
Rick Mileham
ERA FIRST ADVANTAGE REALTY, INC
List Price
$49,900
Sold Price
$45,000
Premium/Discount to List
-$4,900
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.81%
Original Mortgage
$36,000
Interest Rate
3.46%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Hartford Bakery Inc $100,000 None Listed On Document
Brash Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brash Properties Llc $25,500
Previous Owner Brash Properties Llc $36,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2016 09/29/16 Sold $45,000 -9.8% $23 / Sq Ft
09/07/2016 09/07/16 Pending -- -- --
08/22/2016 08/22/16 For Sale $49,900 -- $25 / 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 $1,090 $50,200 $7,000 $43,200
2023 $1,058 $48,700 $7,000 $41,700
2022 $1,062 $48,900 $7,000 $41,900
2021 $1,002 $45,400 $7,000 $38,400
2020 $979 $45,400 $7,000 $38,400
2019 $975 $45,400 $7,000 $38,400
2018 $979 $45,400 $7,000 $38,400
2017 $1,338 $44,900 $7,000 $37,900
2016 $365 $16,700 $7,000 $9,700
2014 $356 $16,300 $7,000 $9,300
2013 -- $16,400 $7,000 $9,400
Source: Public Records

Agents Affiliated with this Home

  • George Delano

    Seller's Agent in 2016

    George Delano

    Kinney Realty & Development

    Section Image
  • Rick Mileham

    Buyer's Agent in 2016

    Rick Mileham

    ERA FIRST ADVANTAGE REALTY, INC

    (812) 453-1068

    393 Total Sales

    Rick Mileham
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201639234

Indiana Regional MLS

APN: 82-05-24-029-085.009-029

Indiana Vanderburgh County Evansville 47710 Cedar Hall

503 N 6th Ave, Evansville, IN

This home is located at 503 N 6th Ave, Evansville, IN 47710 since 22 August 2016 and is currently estimated at $113,053, approximately $56 per square foot. This property was built in 1894. 503 N 6th Ave is a home located in Vanderburgh County with nearby schools including Lincoln School, Central High School, and Signature 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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