NOT LISTED FOR SALE

613 Monroe Ave Evansville, IN 47713

Tepe Park Neighborhood

Estimated Value: $41,653 - $162,000

4 Beds
3 Baths
1,176 Sq Ft
$98/Sq Ft Est. Value

Last Sold May 11, 2018

Last sale price $25,000 $21 Per Sq Ft

Est. 384% increase in value since last sale

Current estimated payment $754/month

69 Days on Market

Highlights

  • Shed
  • Ceiling Fan
  • Wood Siding
  • Forced Air Heating System
  • Level Lot
  • Carpet

About This Home

As of May 2018

CASH COW!!!! SUPER INVESTMENT OF a three (3) unit property... for so little with a return so big!! Monthly income of over $1,000.00!! Two of the three units are currently rented. Main floor unit is vacant and on ebox for your viewing. Don't be put off by the exterior property is sold "as is" Interiors are nice and comfortable! Per seller, there has not been a lag in filling a vacant unit here. One tentant has lived in one unit for the past 15 years! Thus his rent is less than market value. There are two (2) storage units in the yard barn in the backyard for two of the tentants. Furnaces and water heaters are in the basement and are on separate meters. Rents include water, sewer, and trash. Unit A rent is $525.00; Unit B rent is $160.00; Unit C rent is $385.00.

Last Agent to Sell the Property

Sherry Hancock

ERA FIRST ADVANTAGE REALTY, INC Listed on: 01/05/2018

ERA FIRST ADVANTAGE REALTY, INC

Last Buyer's Agent

Rolando Trentini

F.C. TUCKER EMGE

F.C. TUCKER EMGE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $387

Year Built

  • Built in 1924

Lot Details

  • 4,382 Sq Ft Lot
  • Lot Dimensions are 33' x 129'
  • Level Lot

Parking

  • 8 Parking Spaces

Home Design

  • Triplex
  • Wood Siding
  • Block Exterior
  • Asphalt

Interior Spaces

  • 1,176 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Partially Finished Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Shed

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for cable, electric, heating
  • The owner pays for trash collection, water
  • Assessor Parcel Number 82-06-32-023-084.006-029

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $500
  • Maintenance Expense $1,000
  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$387

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1924
  • Age: 94
  • Style: One and Half Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: TEKOPPEL 7 DREIER ADD LOT 7 9 FT LOT 8 BL 1 |
  • Parcel Number ID: 82-06-32-023-084.006-029
  • Platted: Yes
  • Amenities: Ceiling Fan
  • Sp Lp Percent: 89.29
  • Monthly Gross Income: 1135
  • Special Features: None

Interior Features

  • Total Sq Ft: 1176
  • Total Finished Sq Ft: 1176
  • Above Grade Finished Sq Ft: 1176
  • Price Per Sq Ft: 21.26
  • Basement Foundation: Partial Basement
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Asphalt, Block, Wood
  • Stories: 1.5
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 240

Garage/Parking

  • Number Of Parking Spaces: 8

Utilities

  • Cooling: Window
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 500
  • Annual Maintenance Expense: 1000
  • Annual Water Sewer Expense: 1200
  • Number Electric Meters: 3
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Schools

  • School District: Evansville-Vanderburgh School Corp.
  • Elementary School: John M Culver
  • Middle School: Glenwood
  • High School: Bosse

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 33' x 129'
  • Estimated Lot Sq Ft: 4382
  • Estimated Lot Size Acres: 0.1006

Rental Info

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Cable, Electric, Heating

Multi Family

  • Gross Monthly Rent: 1135
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Efficiencies: 3
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 386.54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2018
Closed on
May 11, 2018
Sold by
Hohler Robert and Haury Donald
Bought by
Happy Dwellings Llc
Seller's Agent
Sherry Hancock
ERA FIRST ADVANTAGE REALTY, INC
Buyer's Agent
Rolando Trentini
F.C. TUCKER EMGE
List Price
$28,000
Sold Price
$25,000
Premium/Discount to List
-$3,000
-10.71%
Current Estimated Value
$120,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,880
Avg. Annual Appreciation
23.72%
Original Mortgage
$21,250
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Happy Dwellings Llc -- Regional Title Services Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Happy Dwellings Llc $21,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2018 05/11/18 Sold $25,000 -10.7% $21 / Sq Ft
03/15/2018 03/15/18 Pending -- -- --
01/05/2018 01/05/18 For Sale $28,000 -- $24 / 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 $1,105 $51,200 $2,500 $48,700
2023 $1,092 $49,700 $2,500 $47,200
2022 $424 $19,400 $2,500 $16,900
2021 $398 $17,900 $2,500 $15,400
2020 $389 $17,900 $2,500 $15,400
2019 $386 $17,900 $2,500 $15,400
2018 $388 $17,900 $2,500 $15,400
2017 $579 $17,700 $2,500 $15,200
2016 $763 $17,700 $2,500 $15,200
2014 $380 $17,400 $2,500 $14,900
2013 -- $17,500 $2,500 $15,000
Source: Public Records

Agents Affiliated with this Home

  • Sherry Hancock

    Seller's Agent in 2018

    Sherry Hancock

    ERA FIRST ADVANTAGE REALTY, INC

    (812) 305-1111

    145 Total Sales

    Section Image

  • R

    Buyer's Agent in 2018

    Rolando Trentini

    F.C. TUCKER EMGE

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201802084

Indiana Regional MLS

APN: 82-06-32-023-084.006-029

Indiana Vanderburgh County Evansville 47713 Tepe Park

613 Monroe Ave, Evansville, IN

This home is located at 613 Monroe Ave, Evansville, IN 47713 since 05 January 2018 and is currently estimated at $114,663, approximately $97 per square foot. This property was built in 1924. 613 Monroe Ave is a home located in Vanderburgh County with nearby schools including Benjamin Bosse High School, Glenwood Leadership Academy, and Annunciation Catholic School - Holy Spirit Campus.

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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