$365,000
SOLD FEB 26, 2025

618 Drexel Dr Evansville, IN 47712

4 Beds
2.5 Baths
2,570 Sq Ft
1.16 Acres

Recently Sold

$142 Per Sq Ft

17% Below List Price

99 Days on Market

Highlights

  • Lake Front
  • Pier or Dock
  • Lake, Pond or Stream
  • Perry Heights Middle School Rated 9+
  • Private Beach
  • Cul-De-Sac

About This Home

As of February 2025

University Heights is where you will find this Georgian brick home. Main level features large eat in kitchen, dining room, entry area with double closets, living room and 1/2 bath. Additional family room with fireplace, cathedral ceilings, built ins complete the main level. Master bedroom, 3 additional bedrooms, 2 full baths are located upstairs. Laundry located in basement. Home has 3 car side load garage, attached but accessible from outside porch. Once in the garage, stairs lead you to walk up attic space. Drexel sits on a 5+ acre lake ready for which you have access to swim, fish, kayak, put your toes in the sand on the beach, or sit on dock and watch the sunrise.

Last Agent to Sell the Property

Angie Simpkins

ERA FIRST ADVANTAGE REALTY, INC Brokerage Phone: 812-491-3721 Listed on: 10/21/2024

Last Buyer's Agent

Shaun Angel

RE/MAX REVOLUTION

RE/MAX REVOLUTION

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,665

Year Built

  • Built in 1972

Lot Details

  • 1.16 Acre Lot
  • Lot Dimensions are 365 x 139
  • Lake Front
  • Private Beach
  • Cul-De-Sac
  • Level Lot

Parking

  • 3 Car Attached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1.5-Story Property
  • Wood Burning Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms

Partially Finished Basement

  • Walk-Up Access
  • Block Basement Construction

Outdoor Features

  • Lake, Pond or Stream

Schools

  • West Terrace Elementary School
  • Perry Heights Middle School
  • Francis Joseph Reitz High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 82-05-30-007-257.005-024

Community Details

Overview

  • Lutterbach Subdivision

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,665

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1972
  • Style: One and Half Story
  • Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: Lutterbach Sub 3 Lot 5
  • Parcel Number ID: 82-05-30-007-257.005-024
  • Platted: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 3695
  • Total Finished Sq Ft: 2570
  • Above Grade Finished Sq Ft: 2570
  • Below Grade Sq Ft: 1125
  • Basement: Yes
  • Basement Foundation: Partial Basement, Walk-up
  • Basement Material: Block
  • Number Of Fireplaces: 1
  • Fireplace: Wood Burning
  • Fireplace: Yes
  • Living Great Room: Dimensions: 24x14, On Level: Main
  • Kitchen: Dimensions: 22x14, On Level: Main
  • Dining Room: Dimensions: 13x11, On Level: Main
  • Family Room: Dimensions: 25x13, On Level: Main
  • Bedroom 1: Dimensions: 16x12, On Level: Upper
  • Bedroom 2: Dimensions: 13x11, On Level: Upper
  • Bedroom 3: Dimensions: 11x10, On Level: Upper
  • Bedroom 4: Dimensions: 11x10, On Level: Upper
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 1125

Exterior Features

  • Exterior: Brick
  • Outbuilding1: None
  • Water Features: Pier/Dock, Private Beach
  • Water Frontage: 1
  • Water Name: Sellers Lake

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 3
  • Garage Size: Dimensions: 32x28
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Water Type: Lake

Schools

  • Elementary School: West Terrace

Lot Info

  • Lot Description: Cul-De-Sac, Level, Waterfront, Waterfront-Level Bank
  • Lot Dimensions: 365 x 139
  • Estimated Lot Sq Ft: 50530
  • Estimated Lot Size Acres: 1.16

Tax Info

  • Annual Taxes: 2665.46
  • Exemptions: Homestead

Multi Family

  • Water Access: Lakefront

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2024
Closed on
Feb 26, 2025
Sold by
Rheinlander N Crickett
Bought by
Johnson Chad T and Johnson Kelly J
Seller's Agent
Angie Simpkins
ERA FIRST ADVANTAGE REALTY, INC
Buyer's Agent
Shaun Angel
RE/MAX REVOLUTION
List Price
$440,000
Sold Price
$365,000
Premium/Discount to List
-$75,000
-17.05%
Views
108
Current Estimated Value
$387,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,523
Avg. Annual Appreciation
6.96%
Original Mortgage
$292,000
Outstanding Balance
$290,554
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$96,969

Purchase Details

Closed on
Sep 25, 2008
Sold by
Bresnahan Kerry Ann and Riggins Thomas R
Bought by
Rheinlander Ronald P and Crickett Rheinlander N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,350
Interest Rate
6.57%
Mortgage Type
New Conventional
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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Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $292,000 New Conventional
Previous Owner $173,350 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2025 02/26/25 Sold $365,000 -8.8% $142 / Sq Ft
01/28/2025 01/28/25 Pending -- -- --
12/02/2024 12/02/24 Price Changed $400,000 -9.1% $156 / Sq Ft
10/21/2024 10/21/24 For Sale $440,000 -- $171 / 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 $2,854 $274,500 $31,500 $243,000
2023 $2,665 $265,200 $31,500 $233,700
2022 $3,127 $285,900 $31,500 $254,400
2021 $1,789 $173,300 $22,700 $150,600
2020 $1,700 $172,000 $22,700 $149,300
2019 $1,690 $172,000 $22,700 $149,300
2018 $1,663 $172,000 $22,700 $149,300
2017 $1,773 $181,100 $22,700 $158,400
2016 $1,702 $181,500 $22,700 $158,800
2014 $1,637 $177,500 $22,700 $154,800
2013 -- $179,100 $22,700 $156,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202440995

Indiana Regional MLS

APN: 82-05-30-007-257.005-024