NOT LISTED FOR SALE

831 Madison Ave Evansville, IN 47713

Tepe Park Neighborhood

Estimated Value: $46,000 - $82,000

3 Beds
2 Baths
1,872 Sq Ft
$35/Sq Ft Est. Value

Last Sold March 17, 2023

Last sale price $45,000 $24 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $416/month

32 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Forced Air Heating and Cooling System
  • North High School Rated A-
  • Enclosed Patio or Porch
  • Ceiling Fan

About This Home

As of March 2023

Spacious duplex with a 1-bedroom unit and a 2-bedroom unit. The 1-bedroom unit offers a living room, formal dining room, kitchen, bedroom and full bath. The second unit has a living room, formal dining room, kitchen, two bedrooms and a full bath. The 2-bedroom unit was rented for $850 and the 1-bedroom unit was rented for $750. There is a basement with washer and dryer connections. Per seller, 2023 updates include: new pex pipe; new heater; new toilets in both bathrooms, deep clean of both units. 2022 updates include: two new windows; new floors in both bathrooms; exchanged some of the electrical wiring; repaired light switch; pest control; new mosquito screens on windows; fresh landscaping. Per seller, other updates include: new bathroom sink in Unit B in Nov 2020; fresh paint in Unit A in May-June 2021; repair and replace 2 storm windows, reseal and replace glass in 2 wood storm windows, new glass in Oct 2021; new 60 feet of commercial seamless guttering on side of house in Oct 2021, new hand rail on the back of the house in Oct 2021. Property to be sold AS IS.

Last Agent to Sell the Property

Marc Hoeppner

@properties Listed on: 02/03/2023

Last Buyer's Agent

Alexis Acton

Key Associates Signature Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $869

Year Built

  • Built in 1909

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 40 x 175
  • Fenced Yard
  • Level Lot

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Evans Elementary School
  • North Middle School
  • North High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for electric, heating, lawn maintenance, maintenance
  • Assessor Parcel Number 82-06-32-023-077.003-029

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,200
  • Insurance Expense $818
  • Water Sewer Expense $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$869

Year Built

Built in 1909

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1909
  • Style: Two Story
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Vierling Park L 3 1/2 L 4 BL 4
  • Parcel Number ID: 82-06-32-023-077.003-029
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Fenced Yard, Cable Available, Porch Enclosed, Water Heater Gas
  • Special Features: None

Interior Features

  • Total Sq Ft: 2418
  • Total Finished Sq Ft: 1872
  • Above Grade Finished Sq Ft: 1872
  • Below Grade Sq Ft: 546
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Wood
  • Total Below Grade Sq Ft: 546

Exterior Features

  • Exterior: Aluminum, Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 4200
  • Annual Insurance Expense: 818
  • Annual Water Sewer Expense: 1800
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Evans

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40 x 175
  • Estimated Lot Sq Ft: 6970
  • Estimated Lot Size Acres: 0.16

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Heating, Lawn Maintenance, Maintenance
  • Tenant Pays: Cable

Tax Info

  • Annual Property Tax: 868.96

Multi Family

  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1

MLS Schools

  • High School: North
  • Middle School: North
  • School District: Evansville-Vanderburgh School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2023
Closed on
Mar 14, 2023
Sold by
Kraus Ileana Nina
Bought by
Five Pillars Of Usa Inc
Seller's Agent
Marc Hoeppner
@properties
Buyer's Agent
Alexis Acton
Key Associates Signature Realty
List Price
$55,000
Sold Price
$45,000
Premium/Discount to List
-$10,000
-18.18%
Views
171
Current Estimated Value
$64,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,642
Avg. Annual Appreciation
12.65%

Purchase Details

Closed on
May 6, 2022
Sold by
Franca Hoffman
Bought by
Kraus Ileana Nina

Purchase Details

Listed on
Jul 9, 2020
Closed on
Aug 12, 2020
Sold by
Applecore Investments Llc
Bought by
Hoffman Franca
Seller's Agent
Craig Elliott
Weichert Realtors-The Schulz Group
Buyer's Agent
Lucas Neuffer
Pinnacle Realty Group
List Price
$29,900
Sold Price
$32,000
Premium/Discount to List
$2,100
7.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.40%

Purchase Details

Closed on
Feb 3, 2020
Sold by
Ihs 2 Llc
Bought by
Applecore Investments Llc

Purchase Details

Closed on
Oct 25, 2019
Sold by
First York Ii Llc
Bought by
Ihs 2 Llc

Purchase Details

Closed on
Oct 21, 2019
Sold by
U S Bank N A
Bought by
First York Ii Llc
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
Five Pillars Of Usa Inc $45,000 Hometown Title
Kraus Ileana Nina $32,000 None Listed On Document
Hoffman Franca -- None Available
Applecore Investments Llc -- None Available
Ihs 2 Llc -- None Available
First York Ii Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/17/2023 03/17/23 Sold $45,000 -18.2% $24 / Sq Ft
03/07/2023 03/07/23 Pending -- -- --
03/02/2023 03/02/23 For Sale $55,000 0.0% $29 / Sq Ft
02/17/2023 02/17/23 Pending -- -- --
02/03/2023 02/03/23 For Sale $55,000 +71.9% $29 / Sq Ft
08/27/2020 08/27/20 Sold $32,000 +7.0% $17 / Sq Ft View Prior Sale
07/17/2020 07/17/20 Pending -- -- --
07/09/2020 07/09/20 For Sale $29,900 -- $16 / Sq Ft
Source: Indiana Regional MLS

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
2025 $845 $40,500 $10,800 $29,700
2024 $845 $37,300 $7,400 $29,900
2023 $908 $41,800 $8,300 $33,500
2022 $917 $42,000 $8,300 $33,700
2021 $869 $39,100 $8,300 $30,800
2020 $849 $39,100 $8,300 $30,800
2019 $859 $39,800 $8,300 $31,500
2018 $860 $39,700 $8,300 $31,400
2017 $859 $39,400 $8,300 $31,100
2016 $860 $39,400 $8,300 $31,100
2014 $846 $38,700 $8,300 $30,400
2013 -- $61,300 $8,300 $53,000
Source: Public Records

Agents Affiliated with this Home

  • Marc Hoeppner

    Seller's Agent in 2023

    Marc Hoeppner

    @properties

    (812) 480-5538

    7 in this area

    273 Total Sales

    Marc Hoeppner
    Section Image
  • Alexis Acton

    Buyer's Agent in 2023

    Alexis Acton

    Key Associates Signature Realty

    (812) 457-4523

    4 in this area

    85 Total Sales

    Alexis Acton
    Section Image
  • Craig Elliott

    Seller's Agent in 2020

    Craig Elliott

    Weichert Realtors-The Schulz Group

    (812) 480-1353

    99 Total Sales

    Craig Elliott
    Section Image
  • Lucas Neuffer

    Buyer's Agent in 2020

    Lucas Neuffer

    Pinnacle Realty Group

    (812) 306-4709

    3 in this area

    79 Total Sales

    Lucas Neuffer
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202303346

Indiana Regional MLS

APN: 82-06-32-023-077.003-029

Indiana Vanderburgh County Evansville 47713 Tepe Park

831 Madison Ave, Evansville, IN

Not Listed for Sale

MultiFamily

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 Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID

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