NOT LISTED FOR SALE

521 SE 1st St Evansville, IN 47713

Riverside Neighborhood

Estimated Value: $316,000 - $654,263

10 Beds
10 Baths
9,188 Sq Ft
$57/Sq Ft Est. Value

Last Sold September 07, 2022

Last sale price $575,000 $63 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $3,886/month

6 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Eat-In Kitchen
  • Francis Joseph Reitz High School Rated 9+
  • Covered Patio or Porch
  • 3-minute walk to Mickey’s Kingdom Playground

About This Home

As of September 2022

STUNNING HISTORIC HOME and CARRIAGE HOUSE with 7 TOTAL UNITS located on the corner of SE First and Mulberry--- 1 block from the riverfront!  Main level unit of the main house is approximately 2,500 sq ft 2 bedroom 2 bathroom (owner's unit) that has been completely remodeled.  Upstairs of the main home are 3 apartments (occupied). In the carriage house are 4 more occupied apartments and a garage. The main house has been fully renovated with new electric, plumbing, newer furnaces and AC units, roof is approx 8 years old per owner. The carriage house roof is approx 1-6 years old per the owner. The only vacancy is a large renovated basement apartment with approximately 900 sq ft, 1 bedroom 1 bath. Unit breakdown is as follows...  4- 1 bedroom apartments in the main house with 1- 2 bedroom apartment. The carriage house has 3- 1 bedroom apartments, 1 efficiency, and 1 garage. This property nets over $6,940/mo (approx $77,880/year) in income.  Rents are low so there's room to increase income!!  Apt C is $250/mo and has lived there through multiple owners.  This is an estate sale.

Last Agent to Sell the Property

Kimberly Clark

eXp Realty, LLC Listed on: 07/19/2022

eXp Realty, LLC

Last Buyer's Agent

Lucas Neuffer

Pinnacle Realty Group

Pinnacle Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,750

Year Built

  • Built in 1869

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 75x150
  • Decorative Fence
  • Corner Lot
  • Historic Home

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof
  • Rubber Roof

Interior Spaces

  • 2-Story Property
  • Crown Molding
  • Ceiling height of 9 feet or more
  • Entrance Foyer
  • Wood Flooring
  • Walkup Attic

Kitchen

  • Eat-In Kitchen
  • Kitchen Island
  • Laminate Countertops

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Full Bathrooms
  • Garden Bath

Basement

  • Basement Fills Entire Space Under The House
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement

Parking

  • Garage
  • Off-Street Parking

Schools

  • Tekoppel Elementary School
  • Helfrich Middle School
  • Francis Joseph Reitz High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, electric, fuel
  • The owner pays for lawn maintenance, sewer
  • Assessor Parcel Number 82-06-30-020-075.007-029

Community Details

Overview

  • 9 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Electric Expense $2,739
  • Water Sewer Expense $5,095

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,750

Year Built

Built in 1869

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1869
  • Style: Two Story
  • Architectural Style: Historic
  • Bedrooms: 10
  • Total Bathrooms: 10
  • Total Full Bathrooms: 10
  • Legal Description: UPPER ENL LOT 25
  • Parcel Number ID: 82-06-30-020-075.007-029
  • Platted: Yes
  • Amenities: Basement, Fireplace, Off Street Parking, Near Walking Trail, Attic-Walk-up, Ceiling-9+, Countertops-Laminate, Crown Molding, Eat-In Kitchen, Foyer Entry, Garden Tub, Kitchen Island, Porch Covered, Six Panel Doors, Water Heater Electric, Water Heater Gas
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 1
  • Parcel Id2: 1103020075007
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 11142
  • Total Finished Sq Ft: 9188
  • Above Grade Finished Sq Ft: 8188
  • Below Grade Finished Sq Ft: 1000
  • Below Grade Sq Ft: 1954
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Wood
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 2954
  • Number Of Ranges Ovens: 9
  • Number Ttl Rooms Below Grade: 3

Exterior Features

  • Exterior: Brick
  • Roof Material: Asphalt, Rubber, Shingle
  • Fence: Decorative
  • Stories: 2

Garage/Parking

  • Parking: Garage, Off Street

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Electricity, Gas, Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: CenterPoint Energy
  • Gas Company: CenterPoint Energy
  • Water Company: Evansville Water & Sewer
  • Annual Electric: 2739.02
  • Annual Water Sewer Expense: 5095.46
  • Number Of W D Hookups: 9

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Tekoppel

Lot Info

  • Lot Description: Corner, 0-2.9999
  • Lot Dimensions: 75X150
  • Estimated Lot Sq Ft: 11250
  • Estimated Lot Size Acres: 0.26
  • Lot Number: 25

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Lawn Maintenance, Sewer
  • Tenant Pays: Cable, Electric, Fuel

Tax Info

  • Annual Property Tax: 8749.6

Multi Family

  • Number Of Dryers: 8
  • Number Of Refrigerators: 9
  • Number Of Units: 9
  • Number Of Washers: 8
  • Num Of1 Bedrooms: 7
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 1

MLS Schools

  • High School: Francis Joseph Reitz
  • Middle School: Helfrich
  • School District: Evansville-Vanderburgh School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2022
Closed on
Sep 7, 2022
Sold by
Allons Investments Llc
Bought by
216 Oak Llc
Seller's Agent
Kimberly Clark
eXp Realty, LLC
Buyer's Agent
Lucas Neuffer
Pinnacle Realty Group
List Price
$595,000
Sold Price
$575,000
Premium/Discount to List
-$20,000
-3.36%
Views
20
Current Estimated Value
$525,566

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$49,434
Avg. Annual Appreciation
-2.70%
Original Mortgage
$460,000
Outstanding Balance
$417,582
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$107,984

Purchase Details

Closed on
Oct 31, 2019
Sold by
Wood Dwight
Bought by
Allons Investments Llc

Purchase Details

Listed on
May 30, 2017
Closed on
Jun 18, 2019
Sold by
Marshall Theresa and Marshall Shelby
Bought by
Wood Dwight
Seller's Agent
Jim Keck
Berkshire Hathaway HomeServices Indiana Realty
Buyer's Agent
Jonathan Miller
KELLER WILLIAMS CAPITAL REALTY
List Price
$595,000
Sold Price
$460,000
Premium/Discount to List
-$135,000
-22.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.07%
Original Mortgage
$368,000
Interest Rate
3.5%
Mortgage Type
Commercial
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
216 Oak Llc -- --
Allons Investments Llc -- None Available
Wood Dwight -- None Available
Wood Dwight -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 216 Oak Llc $460,000
Previous Owner Wood Dwight $368,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/07/2022 09/07/22 Sold $575,000 -3.4% $63 / Sq Ft
07/25/2022 07/25/22 Pending -- -- --
07/19/2022 07/19/22 For Sale $595,000 +29.3% $65 / Sq Ft
06/18/2019 06/18/19 Sold $460,000 -12.4% $50 / Sq Ft View Prior Sale
05/02/2019 05/02/19 Pending -- -- --
12/14/2018 12/14/18 Price Changed $525,000 -11.8% $57 / Sq Ft
07/06/2018 07/06/18 For Sale $595,000 -11.9% $65 / Sq Ft
03/26/2018 03/26/18 Pending -- -- --
05/30/2017 05/30/17 For Sale $675,000 -- $73 / 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 $13,489 $625,100 $16,100 $609,000
2023 $9,319 $429,100 $14,100 $415,000
2022 $9,376 $429,400 $15,800 $413,600
2021 $8,750 $393,700 $15,800 $377,900
2020 $8,551 $393,700 $15,800 $377,900
2019 $4,864 $225,300 $15,800 $209,500
2018 $4,873 $224,800 $15,800 $209,000
2017 $4,781 $219,300 $15,800 $203,500
2016 $4,816 $220,500 $15,800 $204,700
2014 $4,779 $218,700 $15,800 $202,900
2013 -- $200,800 $15,800 $185,000
Source: Public Records

Agents Affiliated with this Home

  • Kimberly Clark

    Seller's Agent in 2022

    Kimberly Clark

    eXp Realty, LLC

    (812) 449-2119

    5 in this area

    291 Total Sales

    Kimberly Clark
    Section Image
  • Lucas Neuffer

    Buyer's Agent in 2022

    Lucas Neuffer

    Pinnacle Realty Group

    (812) 306-4709

    7 in this area

    89 Total Sales

    Lucas Neuffer
    Section Image
  • Jim Keck

    Seller's Agent in 2019

    Jim Keck

    Berkshire Hathaway HomeServices Indiana Realty

    (812) 483-4894

    8 in this area

    124 Total Sales

    Jim Keck
    Section Image

  • J

    Buyer's Agent in 2019

    Jonathan Miller

    KELLER WILLIAMS CAPITAL REALTY

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202229997

Indiana Regional MLS

APN: 82-06-30-020-075.007-029

Indiana Vanderburgh County Evansville 47713 Riverside

521 SE 1st St, Evansville, IN

Not Listed for Sale

MultiFamily

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