NOT LISTED FOR SALE

601 Washington Ave Evansville, IN 47713

Tepe Park Neighborhood

Estimated Value: $105,422 - $197,000

5 Beds
3 Baths
2,880 Sq Ft
$47/Sq Ft Est. Value

Last Sold August 28, 2020

Last sale price $75,000 $26 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $846/month

158 Days on Market

Highlights

  • Corner Lot
  • Carpet
  • 3-minute walk to Tepe Park
  • Forced Air Heating and Cooling System

About This Home

As of August 2020

Investment opportunity located blocks from Haynie's Corner and Evansville's growing downtown area! The large main level unit is comprised of 3 bedrooms/1 bath and is currently rented on month-to-month basis. This is a spacious unit that spans the entire main level and has access to the basement laundry. The two upstairs units are each 1 bedroom/1 bath and both are currently rented on month-to-month basis. This building is being sold AS IS and is located on a corner lot with off-street parking available.

Last Agent to Sell the Property

Jacy Gowen

Weichert Realtors-The Schulz Group Listed on: 01/20/2020

Weichert Realtors-The Schulz Group

Last Buyer's Agent

Jennifer Stallings

Extreme RE Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,802

Year Built

  • Built in 1921

Lot Details

  • 4,200 Sq Ft Lot
  • Lot Dimensions are 30 x 140
  • Corner Lot

Parking

  • 4 Parking Spaces

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Carpet
  • Unfinished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Schools

  • Harper Elementary School
  • Washington Middle School
  • Bosse High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for water
  • Assessor Parcel Number 82-06-32-023-082.001-029

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,802

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1921
  • Age: 99
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: DUNHAM TR PT LOT 1
  • Parcel Number ID: 82-06-32-023-082.001-029
  • Platted: Yes
  • Amenities: Basement
  • Cross Street: Garvin
  • Inside City Limits: Yes
  • Sp Lp Percent: 96.28
  • Monthly Gross Income: 1205
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 3552
  • Total Finished Sq Ft: 2880
  • Above Grade Finished Sq Ft: 2880
  • Below Grade Sq Ft: 672
  • Price Per Sq Ft: 26.04
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Carpet
  • Main Level Sq Ft: 1536
  • Total Below Grade Sq Ft: 672
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Electric Company: CenterPoint Energy
  • Water Company: Evansville Water & Sewer
  • Number Electric Meters: 3
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

  • School District: Evansville-Vanderburgh School Corp.
  • Elementary School: Harper
  • Middle School: Washington
  • High School: Bosse
  • Elementary School: Harper

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 30 x 140
  • Estimated Lot Sq Ft: 4200
  • Estimated Lot Size Acres: 0.1037

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 1205
  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1802.36

MLS Schools

  • High School: Bosse
  • Middle School: Washington
  • School District: Evansville-Vanderburgh School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2020
Closed on
Aug 28, 2020
Sold by
Rivera Cristina
Bought by
Ten Eight Properties Llc
Seller's Agent
Jacy Gowen
Weichert Realtors-The Schulz Group
Buyer's Agent
Jennifer Stallings
Extreme RE Real Estate
List Price
$92,500
Sold Price
$75,000
Premium/Discount to List
-$17,500
-18.92%
Current Estimated Value
$134,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,106
Avg. Annual Appreciation
11.97%
Original Mortgage
$60,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2016
Sold by
Mr Investments Llc
Bought by
River Crisdinn

Purchase Details

Closed on
Dec 6, 2016
Sold by
Mr Investments Llc
Bought by
Rivera Cristinn

Purchase Details

Closed on
Jun 7, 2011
Sold by
Rivera Giovanni
Bought by
M R Investment Properties Llc

Purchase Details

Closed on
Aug 31, 2010
Sold by
Tidwell Allan K and Hooper Stacee
Bought by
Rivera Giovanni
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
Ten Eight Properties Llc -- Foreman Watson Land Ttl Llc
River Crisdinn -- --
Rivera Cristinn -- --
M R Investment Properties Llc -- None Available
Rivera Giovanni $11,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Ten Eight Properties Llc $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2020 08/28/20 Sold $75,000 0.0% $26 / Sq Ft
06/26/2020 06/26/20 Pending -- -- --
06/17/2020 06/17/20 Off Market $75,000 -- --
04/28/2020 04/28/20 Price Changed $77,900 -13.3% $27 / Sq Ft
03/08/2020 03/08/20 Price Changed $89,900 -2.8% $31 / Sq Ft
01/20/2020 01/20/20 For Sale $92,500 -- $32 / 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 $4,202 $119,300 $5,700 $113,600
2023 $2,498 $115,000 $5,700 $109,300
2022 $2,522 $115,500 $5,700 $109,800
2021 $2,369 $106,600 $5,700 $100,900
2020 $3,084 $106,600 $5,700 $100,900
2019 $2,273 $106,600 $5,700 $100,900
2018 $3,726 $106,400 $5,700 $100,700
2017 $2,346 $105,100 $5,700 $99,400
2016 $3,367 $105,400 $5,700 $99,700
2014 $2,264 $103,600 $5,700 $97,900
2013 -- $44,400 $5,700 $38,700
Source: Public Records

Agents Affiliated with this Home

  • Jacy Gowen

    Seller's Agent in 2020

    Jacy Gowen

    Weichert Realtors-The Schulz Group

    (812) 499-8470

    1 in this area

    147 Total Sales

    Jacy Gowen
    Section Image
  • Jennifer Stallings

    Buyer's Agent in 2020

    Jennifer Stallings

    Extreme RE Real Estate

    (812) 470-1708

    4 in this area

    163 Total Sales

    Jennifer Stallings
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202002361

Indiana Regional MLS

APN: 82-06-32-023-082.001-029

Indiana Vanderburgh County Evansville 47713 Tepe Park

601 Washington Ave, Evansville, IN

This home is located at 601 Washington Ave, Evansville, IN 47713 since 20 January 2020 and is currently estimated at $134,106, approximately $46 per square foot. This property was built in 1921. 601 Washington Ave is a home located in Vanderburgh County with nearby schools including Benjamin Bosse High School, Glenwood Leadership Academy, and St. Benedict Cathedral 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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