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$615,000 ↓$10,000on 10/31/2023

308 Liberty Street Covington, IN  47932-1243

  • 3 Beds
  • 6 Baths
  • 6,769 sq. Ft

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Property Description for 308 Liberty Street Covington, IN 47932-1243

Amazing investment opportunity!!! After 17 years of ownership of this bar/restaurant the owners are moving, and this profitable thriving business is NOW AVAILABLE for new ownership! Owners are selling the 6,760 sq ft building located in the heart of Covington. Main floor is 4,129 sq ft of commercial space and upstairs has an additional 2,640 sq ft that has a gorgeous fully renovated living space with private entrance. The upstairs residence boasts 3-bedroom, 3 full bathrooms. Open concept living space between kitchen and great room. Kitchen has loads of solid surface countertop space for cooking and entertaining. Serene private rooftop deck off the great room. Bar is being sold fully furnished. A few of the items mentioned will include: 4 pool tables, All tables, chairs, and stools, 2 sets of washers and dryers, all appliances, walk-in cooler and freezers, 4 tap and 1 tap kegerator, under counter ice maker, commercial kitchen, video surveillance and more. Owners will also leave all upstairs furnishings with some reserves if buyer desires. Presently leasing the kitchen for $800/month. Bar side Liquor sales information available upon request. Great opportunity with this one for your return on investment.

Address:308 Liberty Street Covington IN 47932-1243
Status:Active
on site: 233 days
Price:$615,000
Bedrooms:3 Beds
Bathrooms:3 Full Baths, 3 Half Baths
Sq. Feet:6,769
Year Built:1938
Lot Size:0.13
County: Fountain County
Township: Troy
School System : Covington Community
MLS #:202332856
Property Type:Site-Built Home

Lot Dimensions:3X50
Lot Description:Level
Directions:Downtown Covington. South side of courthouse. Use GPS.
Total Sq. Ft. :6,769
Basement:Yes

Loan Price
$3,870
Price And Interest $3,208/month
Property Tax $406/month
MTG INS $0/month
HOME INS $256/month
Price
$615,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$406/month
Home Owner Insurance
$3,072 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
10/31/23 $625,000 $615,000 -1.6%

RoomSizeLevel
Master Bedroom 18 x 15 Upper
2nd Bedroom 19 x 18 Upper
3rd Bedroom 16 x 14 Upper
Kitchen 15 x 12 Upper
Living Room 29 x 16 Upper

Semi-Annual Property Tax:$2,439
Tax Year:2023
Mandatory HOA Fee:$

Subdivision: None
Zip Code:47932-1243

School System:Covington Community
High School:Covington
Middle School:Covington
Elementary School:Covington

Total Sq. Ft.:6,769
Exterior Features:Brick
Fuel:Gas, Forced Air
Fireplace(s):Living/Great Rm, 1st Bdrm, Electric, Gas Log, Other
Cool:Central Air
Heat:Gas, Forced Air
Total Rooms:11
Chad Hess, REALTOR®/Broker, F. C. Tucker Company
Chad Hess
Additional Phone (765) 362-4700
F.C. Tucker Company

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Schools in 308 Liberty Street Covington, IN  47932-1243


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Listing provided courtesy of Lori Paddock with Legacy Land & Homes of Indiana

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This 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. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.



Covington Market Report

157
Avg. DOM
$135.63
Avg. $ / Sq.Ft.
$ 274,900
Med. List Price

The house prices in Covington are not dropping at the moment. There has been a increase in price of $127,500.00. 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 Covington are going Up. The average house price is $274,900.00 and the average price per square feet is $135.63 per square feet. At the moment, the amount of homes listed is exactly 65 houses, with 17 with active status, 9 with pending status and 39 sold in Covington .

The most popular place to buy a home in Covington is 2305 - Fountain - Troy. 2305 - Fountain - Troy 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 Covington .

The average amount of property taxes you would have to pay for a home in Covington is $1,633.37. 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 Covington are staying listed for an average of 89 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 Covington was 12299 minutes ago.

At the moment we have 0 open houses that you can visit.

The cost of the most expensive home in Covington is $615,000.00. 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 Covington is $139,000.00 . 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 Covington in year 1844 and the newest built house is in year 2024.

The average size of properties in Covington is 2394.71 sq.ft. , the biggest one being 6769 sq.ft. and the smaller being 972 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.