16 days on rocket

501 N 2nd St, Vincennes, IN, 47591

$89,900

Home List Price

$1,068*

Closing Credit

3 Bedrooms
1 Full Bath
$61/SqFt
House
Schools Nearby

Location

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501 N 2nd St, Vincennes$89,900

Buyer Closing Credits

$1,068*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1880
HeatingNatural Gas, Forced Air
CoolingCentral Air
FireplaceDining Rm
MLS #202414605
Lot Size0.11 Acres
StatusActive

About 501 N 2nd St

Income producing home with long term tenant! This is a 3 bedroom, 1 bathroom home in Old Town Vincennes that has proven rental history. The current tenant is paying $700/month, has been there over 10 years and has an extended lease until January of 2027. This home has an added bonus, as it formerly had another 2 bedrooms and a bathroom upstairs prior to being closed off. This home has plenty of space and is the perfect investment home to add to your portfolio. Due to the tenant and current lease, this home will not qualify for any government loan types.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1880

Listing Office:

  • Office Name: KLEIN RLTY&AUCTION, INC.
  • Office Phone: (812) 890-1827
  • Listing Agent: Tyler Simmons

Interior Features

Interior Information:

  • Flooring Type: Hardwood Floors, Tile
  • Fireplace: Dining Rm

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Vinyl

Virtual/3D Tour

  • Virtual Tour: 501 N 2nd St

Virtual Tour

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Lincoln High School, Public District Grades 9-12
  • George Rogers Clark School, Public District Grades 6-8
  • Tecumseh-Harrison Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From 6th St., and Hart St., head NW on Hart St., turn left on 2nd St., property will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $89,900
  • Price Per SqFt: $61/SqFt

Tax Information:

  • Annual Amount: $726
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Vincennes, IN.

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Vincennes, IN

City

Med. List Price

$179.9K

Med. Price/SqFt

$106

Avg. Days On Market

73

# of Sold Homes

8

501 N 2nd St vs Vincennes

16 DAYS ON ROCKET

-57 Days

$89,900

-$90K Less

$61/SqFt

-$45 Less

KEY TAKEAWAY

This property is $90K less than the Median List Price and $45/SqFt less than other homes in Vincennes, IN.

Based on homes listed in April 2024

MLS Details

MLS Information:

  • MLS Number: #202414605

Listing Office:

  • Office Name: KLEIN RLTY&AUCTION, INC.
  • Office Phone: (812) 890-1827
  • Listing Agent: Tyler Simmons

IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/16/2024, 3:20:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$726$35,000
2018$731$34,700
2017$737$34,900

History based on county public records data.

Payment Calculator

$516

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$336

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2017125
5
/10

  • Tecumseh-Harrison Elementary School

  • 2116 N 2nd St

  • 1.03 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2017126
4
/10

  • George Rogers Clark School

  • 1926 S Richard Bauer Dr

  • 2.62 miles

  • Public District Grades 6-8

High School

school-card-donut-2017127
6
/10

  • Lincoln High School

  • 1545 S Hart Street Rd

  • 2.61 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $17,865. The most common annual income of people living in Vincennes, IN is less than $35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 501 N 2nd St

What is the listing price of this property?

The listing price of 501 N 2nd St property is $89,900.

What type of property is this?

The property 501 N 2nd St is a house located in Vincennes, Indiana, 47591.

Is this property for sale now?

Active Listing: 501 N 2nd St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 501 N 2nd St are:
Tecumseh-Harrison Elementary School: GreatSchools Rating 5/10
George Rogers Clark School: GreatSchools Rating 4/10
Lincoln High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $726 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 501 N 2nd St has 3 bedrooms and 1 bathroom.

Which year was this property built?

The year of construction for 501 N 2nd St is 1880.

Rocket Homes›Indiana›Knox County›Vincennes›47591›501 N 2nd St

This home is located at 501 N 2nd St in Vincennes, IN and zip code 47591. This home was built in 1880. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 29, 2024 and is currently priced at $89,900.

The inventory of homes for sale in Vincennes, IN between March 2024 and April 2024 increased by 88.5%. Listings spent 73 days on the market in April 2024, and had a median list price of $179,900 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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