616 Covert Ave Evansville, IN 47713
Tepe Park NeighborhoodEstimated payment $738/month
Total Views
210
4
Beds
2.5
Baths
1,419
Sq Ft
$81
Price per Sq Ft
Highlights
- 1 Fireplace
- Forced Air Heating and Cooling System
- Level Lot
About This Home
Outstanding Opportunity to purchase an investment portfolio of 28 Evansville single family homes that are all currently rented. This property is 1 of 28 properties - Can be purchased as a group, in smaller packages or individually. All properties have been remodeled within the last 3 years. Most are fully tenant-occupied with strong in-place rents. This is a turnkey package ideal for institutional buyers, hedge funds, or large-scale investors. Do not disturb tenants. Rare Four Bedroom House with bath and half. Updated kitchen with stove & refrigerator.
Listing Agent
BAKER AUCTION & REALTY Brokerage Phone: 812-491-6247 Listed on: 09/04/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,377
Year Built
- Built in 1924
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 50x128
- Level Lot
- Property is zoned R-1 One-Family Residence
Home Design
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- 1 Fireplace
- Unfinished Basement
- 1 Bathroom in Basement
Bedrooms and Bathrooms
- 4 Bedrooms
Schools
- Evans Elementary School
- Glenwood Middle School
- Bosse High School
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 82-06-32-023-088.040-029
Map
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Home Values in the Area
Average Home Value in this Area
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 | $1,377 | $63,800 | $9,200 | $54,600 |
| 2023 | $1,342 | $61,800 | $9,200 | $52,600 |
| 2022 | $432 | $19,800 | $9,200 | $10,600 |
| 2021 | $422 | $19,000 | $9,200 | $9,800 |
| 2020 | $413 | $19,000 | $9,200 | $9,800 |
| 2019 | $410 | $19,000 | $9,200 | $9,800 |
| 2018 | $412 | $19,000 | $9,200 | $9,800 |
| 2017 | $410 | $18,800 | $9,200 | $9,600 |
| 2016 | $413 | $18,900 | $9,200 | $9,700 |
| 2014 | $409 | $18,700 | $9,200 | $9,500 |
| 2013 | -- | $18,800 | $9,200 | $9,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2025 09/04/25 | For Sale | $115,250 | +643.5% | $81 / Sq Ft |
| 08/31/2022 08/31/22 | Sold | $15,500 | 0.0% | $34 / Sq Ft |
| 08/12/2022 08/12/22 | Pending | -- | -- | -- |
| 08/12/2022 08/12/22 | For Sale | $15,500 | -- | $34 / Sq Ft |
Source: Indiana Regional MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $20,500 | Hometown Title Llc | |
| Warranty Deed | $33,000 | Hometown Title Llc | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $104,000 | New Conventional | |
| Closed | $96,257 | Construction | |
| Closed | $96,257 | Construction | |
| Previous Owner | $45,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Evansville, IN
Source: Indiana Regional MLS
MLS Number: 202535624
APN: 82-06-32-023-088.040-029
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