2316 Vann Avenue Active Save Request In-Person Tour Request Virtual Tour
Evansville,IN 47714
Key Details
Property Type Vacant Land
Sub Type Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202530117
Annual Tax Amount $390
Tax Year 2025
Lot Size 1.090 Acres
Property Sub-Type Residential Land
Property Description
This 0.38-acre build-ready parcel on 2316 Vann Avenue presents a strategic development opportunity. Market data sourced from the Southwest Indiana Regional MLS establishes a solid value baseline with a median re-sale price of approximately $153,000 for existing homes. The value of this property is demonstrated by the premium a new construction commands. A 2,000 sq ft home sold for $215,000, while an updated 1,400 sq ft home listed at $240,000. This data confirms a strong increase in market demand with supported price points well into the $200k+ range for modern finishes and up-to-date design. The property's primary advantage is its readiness for construction; the crucial and costly groundwork for city water, sewer, and electrical infrastructure is already complete. This significantly reduces the initial outlay and construction timeline for a new build. We present an opportunity to capitalize on the gap between existing resale values and the high demand for new homes. The financial upside is clear. With a low acquisition cost and minimized site prep expenses, a developer is well positioned here to build a desirable new home and capture a substantial profit margin in an area that is prime with demand.
Location
State IN
County Vanderburgh County
Area Vanderburgh County
Exterior
Fence None
Building
New Construction No
Schools
Elementary Schools Caze
Middle Schools Mcgary
High Schools William Henry Harrison
School District Evansville-Vanderburgh School Corp.
Others
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202530117