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Trueblood Real Estate

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$ 24,999

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Price Dropped by $40K

2316 Vann Avenue Evansville, IN 47714

1.09 Acres Lot

UPDATED:

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

Direction South from intersetion of Lloyd & 41, SE on Riverside Dr, E on Pollack Ave, S on Vann Ave, Property on the Left

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

Financing Cash

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202530117

IDX information provided by the Indiana Regional MLS

Listed by Andros L'Grand • KELLER WILLIAMS CAPITAL REALTY • Cell: 812-270-8747

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 16

5

Vogel Elementary School

Public | KG - 6
5

Fairlawn Elementary School

Public | PK - 5
4

Joshua Academy

Public | KG - 6
4

Harper Elementary School

Public | KG - 5
4

Hebron Elementary School

Public | KG - 5
2

Lodge Community School

Public | KG - 8
1

Lincoln School

Public | KG - 8
1

Glenwood Leadership Academy

Public | KG - 8
1

Dexter Elementary School

Public | PK - 5
1

Caze Elementary School

Public | PK - 5
0

St Benedict Cathedral School

Private | PK - 8
0

Holy Spirit School

Private | PK - 8
0

Christ the King School

Private | PK - 8
0

Evansville Christian School

Private | PK - 8
0

Montessori Academy

Private | PK - 3
0

Holy Rosary School

Private | KG - 8

Middle Schools 2

4

Washington Middle School

Public | 6 - 8
1

McGary Middle School

Public | 6 - 8

High Schools 3

5

William Henry Harrison High School

Public | 9 - 12
2

Benjamin Bosse High School

Public | 9 - 12
0

Reitz Memorial High School

Private | 9 - 12

School and business data provided by Attom Data.

Trueblood Real Estate

Brokerage | RB14046098

+1(317) 513-1395

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Indianapolis, IN

Trueblood Real Estate

2316 Vann Avenue Evansville, IN 47714

Key Details

Location

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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2316 Vann Avenue

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