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$425,000

415 Constable Drive Ellettsville, IN  47429

Property Description for 415 Constable Drive Ellettsville, IN 47429

Discover an excellent investment opportunity with so much potential! This three-unit investment property is situated on a spacious 0.5-acre lot, offering so many value-adding possibilities. Each unit is currently occupied by long-term tenants, ensuring a steady and reliable income stream. While this property is currently leased as 3 units, a 4th rental income could easily be added just by installing a door. Recent updates include a 75' section of sewer line, new sump pump (unit 419), new upstairs flooring insulation, windows and back door (unit 421). Located less than 10 minutes from the I-69 interchange and 15 minutes from IU's campus, this location is convenient, while providing a quiet, picturesque setting.

Address:415 Constable Drive Ellettsville IN 47429
Status:Active
on site: 110 days
Price:$425,000
Bathrooms:0
Year Built:1946
Lot Size:0.50
County: Monroe
Township: Richland
MLS #:21997971
Property Type:Triplex

Lot Dimensions:21780
Road Access:Frontage Road
Zoning:R-1
Directions:GPS Friendly
Basement:Yes

Loan Price
$2,809
Price And Interest $2,217/month
Property Tax $415/month
MTG INS $0/month
HOME INS $177/month
Price
$425,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$415/month
Home Owner Insurance
$2,124 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$2,487
Tax Year:2024
Mandatory HOA Fee:$

Area: 5304 - Monroe - Richland
Subdivision: Subdivision Not Available See Legal
Zip Code:47429

Cool:Central Electric
Heat:Electric
Brian Thompson, REALTOR®/Broker, F. C. Tucker Company
Brian Thompson
Additional Phone (812) 336-7300
F.C. Tucker Company

Listing provided courtesy of Lindsey Clark with Barberry Realty from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 08/21/2024 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.





Ellettsville Market Report

188
Avg. DOM
$186.13
Avg. $ / Sq.Ft.
$ 320,000
Med. List Price

The house prices in Ellettsville are indeed dropping at the moment. There has been a decrease in price of $30,951.43. 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 Ellettsville are going Down. The average house price is $324,450.00 and the average price per square feet is $185.83 per square feet. At the moment, the amount of homes listed is exactly 136 houses, with 52 with active status, 5 with pending status and 79 sold in Ellettsville .

The most popular place to buy a home in Ellettsville is 5304 - Monroe - Richland. 5304 - Monroe - Richland 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 Ellettsville .

The average amount of property taxes you would have to pay for a home in Ellettsville is $2,311.72. 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 Ellettsville are staying listed for an average of 71 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 Ellettsville was 10296 minutes ago.

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

The cost of the most expensive home in Ellettsville is $2,950,000.00. 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 Ellettsville is $69,900.00 . 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 Ellettsville in year 1880 and the newest built house is in year 2024.

The average size of properties in Ellettsville is 2110.5 sq.ft. , the biggest one being 5694 sq.ft. and the smaller being 925 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.