NOT LISTED FOR SALE

518 N 3rd Ave Evansville, IN 47710

STAR Neighborhood

Estimated Value: $85,000 - $111,000

3 Beds
3 Baths
1,495 Sq Ft
$65/Sq Ft Est. Value

Last Sold February 20, 2020

Last sale price $57,000 $38 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $773/month

267 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Carpet
  • 2-minute walk to Pollinator Park
  • Level Lot
  • 1-Story Property

About This Home

As of February 2020

Great investment opportunity! 3 Bedroom 3 Bath Triplex which currently rents for $975/month. Unit C is vacant as of 1/15/20. Previously rented for $1470/month. Separate meters but hasn't been split apart.

Last Agent to Sell the Property

Charlie Butler

KELLER WILLIAMS CAPITAL REALTY Listed on: 04/24/2019

KELLER WILLIAMS CAPITAL REALTY

Last Buyer's Agent

Jonathan Weaver

F.C. TUCKER EMGE

F.C. TUCKER EMGE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,320

Year Built

  • Built in 1869

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 25x113
  • Level Lot

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Asphalt Roof

Interior Spaces

  • 1-Story Property
  • Carpet
  • Partially Finished Basement
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Schools

  • Lincoln Elementary And Middle School
  • Central High School

Additional Features

  • Suburban Location
  • Forced Air Heating and Cooling System

Community Details

  • 3 Units
  • Lamasco Subdivision

Listing and Financial Details

  • Tenant pays for cable, electric, heating, lawn maintenance, sewer, water
  • The owner pays for building insurance, tax
  • Assessor Parcel Number 82-06-19-029-088.001-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,320

Year Built

Built in 1869

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1869
  • Age: 151
  • Style: One Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: LAMASCO COD'S SUB LOT 1 BL 50
  • Parcel Number ID: 82-06-19-029-088.001-029
  • Platted: Yes
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 103.64
  • Monthly Gross Income: 1470
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 1869
  • Total Finished Sq Ft: 1495
  • Above Grade Finished Sq Ft: 1495
  • Below Grade Sq Ft: 374
  • Price Per Sq Ft: 38.13
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement, Unfinished
  • Flooring: Carpet
  • Main Level Sq Ft: 1495
  • Total Below Grade Sq Ft: 374
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Electric Company: CenterPoint Energy
  • Gas Company: CenterPoint Energy
  • Water Company: Evansville Water & Sewer

Schools

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

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 25X113
  • Estimated Lot Sq Ft: 2614
  • Estimated Lot Size Acres: 0.06

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Tax
  • Tenant Pays: Cable, Electric, Heating, Lawn Maintenance, Sewer, Water

Multi Family

  • Gross Monthly Rent: 1470
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 3
  • Num Of Units Rented: 3

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2019
Closed on
Feb 20, 2020
Sold by
Fetter Properties Llc
Bought by
Calloway Llc
Seller's Agent
Charlie Butler
KELLER WILLIAMS CAPITAL REALTY
Buyer's Agent
Jonathan Weaver
F.C. TUCKER EMGE
List Price
$59,900
Sold Price
$57,000
Premium/Discount to List
-$2,900
-4.84%
Current Estimated Value
$105,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,863
Avg. Annual Appreciation
11.54%
Original Mortgage
$48,450
Outstanding Balance
$39,053
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$64,663
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
Calloway Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Calloway Llc $48,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2020 02/20/20 Sold $57,000 +3.6% $38 / Sq Ft
01/16/2020 01/16/20 Pending -- -- --
01/15/2020 01/15/20 Price Changed $55,000 -8.2% $37 / Sq Ft
06/10/2019 06/10/19 For Sale $59,900 0.0% $40 / Sq Ft
05/24/2019 05/24/19 Pending -- -- --
04/24/2019 04/24/19 For Sale $59,900 -- $40 / 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 $2,320 $52,600 $4,000 $48,600
2023 $1,071 $50,000 $4,000 $46,000
2022 $1,098 $50,300 $4,000 $46,300
2021 $1,029 $46,300 $4,000 $42,300
2020 $1,006 $46,300 $4,000 $42,300
2019 $643 $29,800 $4,000 $25,800
2018 $643 $29,700 $4,000 $25,700
2017 $641 $29,400 $4,000 $25,400
2016 $642 $29,400 $4,000 $25,400
2014 $629 $28,800 $4,000 $24,800
2013 -- $29,000 $4,000 $25,000
Source: Public Records

Agents Affiliated with this Home

  • Charlie Butler

    Seller's Agent in 2020

    Charlie Butler

    KELLER WILLIAMS CAPITAL REALTY

    (812) 430-1708

    8 in this area

    542 Total Sales

    Section Image
  • Jonathan Weaver

    Buyer's Agent in 2020

    Jonathan Weaver

    F.C. TUCKER EMGE

    (812) 568-0562

    4 in this area

    178 Total Sales

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201915379

Indiana Regional MLS

APN: 82-06-19-029-088.001-029

Indiana Vanderburgh County Evansville 47710 STAR

518 N 3rd Ave, Evansville, IN

This home is located at 518 N 3rd Ave, Evansville, IN 47710 since 24 April 2019 and is currently estimated at $97,051, approximately $64 per square foot. This property was built in 1869. 518 N 3rd 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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