NOT LISTED FOR SALE

5022 N Fares Ave Evansville, IN 47711

Estimated Value: $144,000 - $159,000

3 Beds
1 Bath
1,195 Sq Ft
$129/Sq Ft Est. Value

Last Sold December 31, 2019

Last sale price $23,000 $19 Per Sq Ft

Est. 569% increase in value since last sale

Current estimated payment $970/month

19 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating and Cooling System
  • Combination Kitchen and Dining Room
  • 1 Car Detached Garage

About This Home

As of December 2019

Property is offered as-is. This 1195 SQ FT 3 bedroom home features a 1 car garage. This property is eligible for 203k financing. Status "IE" insurability. “Plumbing failed to hold pressure at time of initial inspection. Due to this failure, HUD’s Field Service Manager will not permit the connection of water for the purpose of inspection. Only air test will be permitted on the plumbing. Please advise your potential lender to ensure they will permit an air test in lieu of the connection of water.”

Last Listed By

Scott Smith

Keller Williams Indy Metro S License #RB14021668 Listed on: 11/26/2019

Keller Williams Indy Metro S

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1957

Lot Details

  • 0.26 Acre Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 1,195 Sq Ft Home
  • Window Screens
  • Combination Kitchen and Dining Room
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 820604034097048020

Home Details

Home Type

Single Family

Year Built

Built in 1957

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1957
  • Garage Y N: Yes
  • Lot Size Acres: 0.2571
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Property Description: Property is offered as-is. This 1195 SQ FT 3 bedroom home features a 1 car garage. This property is eligible for 203k financing. Status "IE" insurability. “Plumbing failed to hold pressure at time of initial inspection. Due to this failure, HUD’s Field Service Manager will not permit the connection of water for the purpose of inspection. Only air test will be permitted on the plumbing. Please advise your potential lender to ensure they will permit an air test in lieu of the connection of water.”
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: None
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Screens Some
  • Living Area: 1195
  • Other Equipment: Not Applicable
  • Room Count: 5
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 1195
  • Main Level Sq Ft: 1195
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 1195

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: HUD-Owned
  • Foundation Details: Crawl Space
  • List Price: 25000
  • Association Maintained Building Exterior: 0

Garage/Parking

  • Garage Spaces: 1
  • Fuel: Gas
  • Garage Parking Description: Detached
  • Garage Sq Ft: 720

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 820604034097048020
  • Acres: 1/4-1/2 Acre
  • Lot Number: 0
  • Lot Size: 11,200

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 1304
  • Semi Annual Property Tax Amt: 652
  • Tax Exemption: None

MLS Schools

  • School District: Evansville-Vanderburgh

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2019
Closed on
Dec 27, 2019
Sold by
Secretary Of Housing & Urban Development
Bought by
Paradigm Investment Company Llc
Seller's Agent
Scott Smith
Keller Williams Indy Metro S
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$25,000
Sold Price
$23,000
Premium/Discount to List
-$2,000
-8%
Total Days on Market
19
Current Estimated Value
$153,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,979
Avg. Annual Appreciation
42.96%

Purchase Details

Closed on
Nov 2, 2016
Sold by
Stearns Lending Llc
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Sep 29, 2016
Sold by
Vanderburgh County Sheriff
Bought by
Stearns Lending Llc

Purchase Details

Listed on
Jul 2, 2012
Closed on
Apr 26, 2013
Sold by
Woodburn Louis A
Bought by
Lacefield Heather S
Seller's Agent
Yvonne Woodburn
Catanese Real Estate
Buyer's Agent
Phil Johnson
J Realty LLC
List Price
$82,000
Sold Price
$60,000
Premium/Discount to List
-$22,000
-26.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%

Purchase Details

Closed on
Jul 10, 2008
Sold by
Cit Group Consumer Finance Inc
Bought by
Woodburn Louis A and Woodburn Edith Yvonne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,500
Interest Rate
6.15%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 11, 2005
Sold by
Houghton Charles E and Houghton Bruce A
Bought by
Putman Cheryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
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
Paradigm Investment Company Llc -- Total Title Services Llc
Secretary Of Housing & Urban Development -- None Available
Stearns Lending Llc $48,720 --
Lacefield Heather S $60,000 --
Woodburn Louis A -- None Available
Putman Cheryl L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paradigm Investment Company Llc $92,750
Previous Owner Woodburn Louis A $35,500
Previous Owner Putman Cheryl L $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2019 12/31/19 Sold $23,000 -8.0% $19 / Sq Ft
12/16/2019 12/16/19 Pending -- -- --
11/26/2019 11/26/19 For Sale $25,000 -58.3% $21 / Sq Ft
04/26/2013 04/26/13 Sold $60,000 -26.8% $57 / Sq Ft
03/18/2013 03/18/13 Pending -- -- --
07/02/2012 07/02/12 For Sale $82,000 -- $78 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $1,345 $62,000 $9,900 $52,100
2023 $1,994 $63,500 $10,200 $53,300
2022 $1,410 $64,200 $10,200 $54,000
2021 $1,305 $58,400 $10,200 $48,200
2020 $1,278 $58,500 $10,200 $48,300
2019 $1,296 $59,700 $11,200 $48,500
2018 $1,303 $59,800 $11,200 $48,600
2017 $1,429 $65,200 $11,200 $54,000
2016 $1,431 $65,200 $11,200 $54,000
2014 $450 $63,700 $11,200 $52,500
2013 -- $63,300 $11,200 $52,100
Source: Public Records

Agents Affiliated with this Home

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Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21684100

MIBOR Broker Listing Cooperative®

APN: 82-06-04-034-097.048-020