8 months on rocket

501 N 2nd St, Vincennes, IN, 47591

$74,900

Home List Price

$889*

Closing Credit

3 Bedrooms
1 Full Bath
$51/SqFt
House

Location

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501 N 2nd St, Vincennes$74,900

Buyer Closing Credits

$889*

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

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: $74,900
  • Price Per SqFt: $51/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. Sold Price

$185.2K

Med. Price/SqFt

$114

# of Sold Homes

17

501 N 2nd St vs Vincennes

245 DAYS ON ROCKET

$74,900

-$110.3K Less

$51/SqFt

-$64 Less

KEY TAKEAWAY

This property is $110.3K less than the Median Sold Price and $64/SqFt less than other homes in Vincennes, IN.

Based on homes sold in November 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: 12/31/2024, 5:20:52 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

$441

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$291

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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.

Nearby Schools

school-card-donut-2290588
4
/10

  • James Whitcomb Riley Elementary School

  • 1008 Upper 11th St

  • 0.67 miles

  • Public District Grades KG-5

school-card-donut-2290589
5
/10

  • Tecumseh-Harrison Elementary School

  • 2116 N 2nd St

  • 1.03 miles

  • Public District Grades KG-5

school-card-donut-2290590
3
/10

  • Francis Vigo Elementary School

  • 1513 Main St

  • 1.05 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $17,865. Most Vincennes, IN residents have annual incomes less than $35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

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 $74,900.

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 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 $74,900.

Over 2 listings were sold over their listed price in November 2024 in Vincennes, IN. In the same period over 7 listings were sold below the listed price and 5 listings were sold for the listed price. The inventory of homes for sale in Vincennes, IN between October 2024 and November 2024 increased by 2%.

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

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