NOT LISTED FOR SALE

950 S Spring St Evansville, IN 47714

Estimated Value: $217,233 - $299,000

9 Beds
4.5 Baths
3,818 Sq Ft
$66/Sq Ft Est. Value

Last Sold February 06, 2018

Last sale price $185,000 $48 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,000/month

11 Days on Market

Highlights

  • Corner Lot
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • 1 Car Attached Garage
  • Double Pane Windows
  • Carpet

About This Home

As of February 2018

This totally renovated 4 plex has 3 2 bedroom units and 1 three bedroom unit. Three units are currently rented and one is vacant making it perfect for either an owner occupant buyer or investor. Since it is 4 units you could use FHA or VA financing as well! This is a great opportunity to live for free or add to your portfolio! This is a money maker! Currently bringing in monthly rents of $2,040 and will be $2,635 if/when you rent the 4th unit out. Tons of updates! Professionally managed!

Last Agent to Sell the Property

Casey McCoy

KELLER WILLIAMS CAPITAL REALTY Listed on: 12/29/2017

KELLER WILLIAMS CAPITAL REALTY

Last Buyer's Agent

SWIAR NonMember

NonMember SWIAR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,705

Year Built

  • Built in 1950

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 58x129
  • Corner Lot
  • Level Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Eat-In Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms

Basement

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

Parking

  • 1 Car Attached Garage
  • Off-Street Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for cable, cooling, heating
  • The owner pays for building insurance, lawn maintenance, maintenance, sewer, water
  • Assessor Parcel Number 82-06-27-016-033.043-027

Community Details

Overview

  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $465
  • Fuel Expense $465
  • Insurance Expense $1,860
  • Water Sewer Expense $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,705

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1950
  • Age: 68
  • Style: Two Story
  • Bedrooms: 9
  • Number Above Grade Bedrooms: 9
  • Total Bathrooms: 5
  • Total Full Bathrooms: 4
  • Total Number of Half Bathrooms: 1
  • Legal Description: WASHINGTON TERR L16 BL16
  • Parcel Number ID: 82-06-27-016-033.043-027
  • Platted: Yes
  • Amenities: Basement, Fireplace, Off Street Parking, Cable Ready, Eat-In Kitchen, Water Heater Gas
  • Location: Near College Campus
  • Sp Lp Percent: 97.37
  • Monthly Gross Income: 2635
  • Special Features: None

Interior Features

  • Total Sq Ft: 5444
  • Total Finished Sq Ft: 3818
  • Above Grade Finished Sq Ft: 3818
  • Below Grade Sq Ft: 1626
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 1626
  • Number Of Ranges Ovens: 4
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 8
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Vectren Corp
  • Gas Company: Vectren Energy
  • Water Company: Evansville Water & Sewer
  • Annual Electric: 465
  • Annual Fuel Expense: 465
  • Annual Insurance Expense: 1860
  • Annual Water Sewer Expense: 2400
  • Number Electric Meters: 5
  • Number Gas Meters: 1
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 58x129
  • Estimated Lot Sq Ft: 7405
  • Estimated Lot Size Acres: 0.17

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows, Insulated Doors

Rental Info

  • Lease Term: 1 Year, 2 Years
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Sewer, Water
  • Tenant Pays: Cable, Cooling, Heating

Tax Info

  • Exemptions: Mortgage
  • Annual Property Tax: 2705

Multi Family

  • Gross Monthly Rent: 2635
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of2 Bedrooms: 3
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2022
Sold by
Truth Lodging Investments Properties Llc
Bought by
Shree Laxmi Llc
Current Estimated Value
$258,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,899
Outstanding Balance
$61,130
Interest Rate
6.49%
Mortgage Type
Credit Line Revolving
Estimated Equity
$167,824

Purchase Details

Closed on
Jan 10, 2022
Sold by
Ferndale Investments Llc
Bought by
Truth Loging Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,400
Interest Rate
3.12%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Dec 29, 2017
Closed on
Feb 6, 2018
Sold by
Cra Real Estate Llc
Bought by
Ferndale Investments Llc
Seller's Agent
Casey McCoy
KELLER WILLIAMS CAPITAL REALTY
Buyer's Agent
SWIAR NonMember
NonMember SWIAR
List Price
$190,000
Sold Price
$185,000
Premium/Discount to List
-$5,000
-2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.88%
Original Mortgage
$151,000
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 7, 2016
Closed on
Jan 10, 2017
Sold by
Work William A
Bought by
Cra Real Estate Llc
Seller's Agent
George Delano
Kinney Realty & Development
Buyer's Agent
Brandon Harper
KELLER WILLIAMS CAPITAL REALTY
List Price
$130,000
Sold Price
$110,000
Premium/Discount to List
-$20,000
-15.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
62.56%
Original Mortgage
$145,000
Interest Rate
4.16%
Mortgage Type
Commercial
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
Shree Laxmi Llc -- --
Truth Loging Investment Properties Llc -- Near North Title Group
Ferndale Investments Llc -- Total Title Services Llc
Cra Real Estate Llc -- Total Title Services Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shree Laxmi Llc $137,899
Closed Shree Laxmi Llc $137,899
Previous Owner Truth Loging Investment Properties Llc $142,400
Previous Owner Ferndale Investments Llc $151,000
Previous Owner Cra Real Estate Llc $145,000
Previous Owner Cra Real Estate Llc $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2018 02/06/18 Sold $185,000 -2.6% $48 / Sq Ft
01/09/2018 01/09/18 Pending -- -- --
12/29/2017 12/29/17 For Sale $190,000 +72.7% $50 / Sq Ft
01/11/2017 01/11/17 Sold $110,000 -15.4% $29 / Sq Ft
11/12/2016 11/12/16 Pending -- -- --
11/07/2016 11/07/16 For Sale $130,000 -- $34 / 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 $6,894 $175,500 $21,800 $153,700
2023 $3,529 $162,500 $11,000 $151,500
2022 $3,564 $163,200 $11,000 $152,200
2021 $3,383 $152,200 $11,000 $141,200
2020 $3,488 $160,600 $11,000 $149,600
2019 $3,468 $160,600 $11,000 $149,600
2018 $3,475 $160,300 $11,000 $149,300
2017 $3,467 $159,000 $11,000 $148,000
2016 $2,705 $158,900 $11,000 $147,900
2014 $3,397 $155,700 $11,000 $144,700
2013 -- $157,200 $11,000 $146,200
Source: Public Records

Agents Affiliated with this Home

  • Casey McCoy

    Seller's Agent in 2018

    Casey McCoy

    KELLER WILLIAMS CAPITAL REALTY

    (812) 760-6576

    220 Total Sales

    Section Image

  • S

    Buyer's Agent in 2018

    SWIAR NonMember

    NonMember SWIAR

  • G

    Seller's Agent in 2017

    George Delano

    Kinney Realty & Development

    Section Image

  • B

    Buyer's Agent in 2017

    Brandon Harper

    KELLER WILLIAMS CAPITAL REALTY

    (812) 449-6769

    18 Total Sales

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201800046

Indiana Regional MLS

APN: 82-06-27-016-033.043-027

Indiana Vanderburgh County Evansville 47714

950 S Spring St, Evansville, IN

This home is located at 950 S Spring St, Evansville, IN 47714 since 29 December 2017 and is currently estimated at $253,808, approximately $66 per square foot. This property was built in 1950. 950 S Spring St is a home located in Vanderburgh County with nearby schools including Benjamin Bosse High School, Harper Elementary School, and Washington Middle 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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