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(SOLD) $47,500

1502 E Cincinnati Avenue E Anderson, IN  46016

  • 2 Beds
  • 1 Baths
  • 840 sq. Ft

Property Description for 1502 E Cincinnati Avenue E Anderson, IN 46016

INVESTOR ALERT! TURNKEY RENTAL PROPERTY!! Come see this low-priced single family 2br/1ba ranch home located in the heart of Anderson. Very convenient location just blocks into downtown, minutes to the University, and less than 10min to the newly remodeled casino. The property is tenant occupied and they are paying $450/mo (mo-to-mo). While the home is in rental grade condition, with some repairs and cosmetic updating it could really shine and rent could be improved substantially! Property is professionally managed by Full Spectrum. No HOA. Add this property to your rental portfolio and start cash flowing from day 1!
QuickBuy option for home selling

Address:1502 E Cincinnati Avenue E Anderson IN 46016
Status:Sold
Sold On: 5/24/2024
Price:$49,900
Bedrooms:2 Beds
Bathrooms:1 Full Baths
Sq. Feet:840
Year Built:1880
Lot Size:0.16
County: Madison
Township: Anderson NE
MLS #:21971854
Property Type:Single Family Residence

Lot Dimensions:6970
Lot Features:Sidewalks
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :840
Total Sq. Ft. :840

Loan Price
$314
Price And Interest $248/month
Property Tax $46/month
MTG INS $0/month
HOME INS $20/month
Price
$47,500
Down Payment %
0 %
Down Payment
$0
Property Taxes
$46/month
Home Owner Insurance
$240 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Bedroom 2 10x13 Main
Primary Bedroom 12x12 Main
Living Room 12x11 Main

Semi-Annual Property Tax:$277
Tax Year:2023
Mandatory HOA Fee:$

Area: 4811 - Madison - Anderson NE
City:Anderson
Subdivision: Jacksons Outlot
Zip Code:46016

Total Sq. Ft.:840
Interior Features:Eat-in Kitchen
Eating Area(s):Dining Combo/Kitchen
Appliances:Electric Oven, Refrigerator
Equipment:Smoke Alarm
Exterior Type:Vinyl Siding
Cool:None
Heat:Forced Air, Gas
Water Heater:Electric Oven, Refrigerator
Total Rooms:5
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Peter Stewart with Keller Williams Indpls Metro N from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 04/16/2024 12:00 AM. 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.





Anderson Market Report

93
Avg. DOM
$123.23
Avg. $ / Sq.Ft.
$ 177,450
Med. List Price

The house prices in Anderson are indeed dropping at the moment. There has been a decrease in price of $2,829.30. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Anderson are going Down. The average house price is $189,950.00 and the average price per square feet is $120.97 per square feet. At the moment, the amount of homes listed is exactly 910 houses, with 158 with active status, 107 with pending status and 645 sold in Anderson .

The most popular place to buy a home in Anderson is 4812 - Madison - Anderson SW. 4812 - Madison - Anderson SW is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Anderson .

The average amount of property taxes you would have to pay for a home in Anderson is $1,301.40. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Anderson are staying listed for an average of 64 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Anderson was 3147 minutes ago.

At the moment we have 10 open houses that you can visit.

The cost of the most expensive home in Anderson is $898,500.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Anderson is $29,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Anderson in year 1880 and the newest built house is in year 2024.

The average size of properties in Anderson is 2255.82 sq.ft. , the biggest one being 47395 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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