231 E First St Hanover, IN 47243

2 beds · 1 bath · 924 sq ft · Lot Size: 12,197 sq ft · Single Family Home
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231 E First St is in the 47243 neighborhood of Hanover, IN. It is located in Jefferson County and ZIP code 47243. This Single Family Home was built in 1900 and is approximately 125 years old. The single family home spans 924 sq ft with 2 bedrooms and 1 bathroom and sits on a 12197 sq ft lot. Analyze and compare real estate investment strategies for properties like this home at 231 E First St Hanover, IN 47243 with Property Intel by Whitepages.

Investment Potential for 231 E First St

The property has a current estimated value of $164,218, which is 14% above the zip median. Projected long-term rental income is $13,800 annually ($1,150 per month) with a 84% occupancy rate.

Long-Term

Gross Rental
$13,800 per year($1,150 per month)
Net Operating Income
Cap Rate
Occupancy Rate
84%in 47243 zip code
 
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Owners & Occupancy for 231 E First St

This property is owned by William E Marvell. Owner contact information includes 5 phone numbers and 5 email addresses.

Property Owners

Residence***********
Landline(812) 265-3840+ 4 more
Distance from Property**********
Email Address*********@gmail.com

Property Ownership Information

Property Tax Amount$712 in 2023

Occupancy

Current Occupancy*****View Occupancy
Resident 1***************** age 50
Resident 2************** age 63

Property Details for 231 E First St

Property Details

Property Sq Ft

Living Area

924 sq ft

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Lot Size

12,197 sq ft

Compare to 47243

Price Per Sq Ft

Living Area

$178 / sq ft

Compare to 47243

Lot Size Area

$13 / sq ft

Compare to 47243
Property condition, age, exterior, etc. for 231 E Firs…
Longitude: -85.469495 Latitude: 38.712967 Parcel Number (APN): 39-14-12-443-010-000-003…
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Market Benchmarks

Compare data for 231 E First St in Jefferson County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$164,218
$138,962
$25,256 (18%)
$223,197
$114,071 (51%)
YoY Price Change
5.26%
191%
Year Built
1900
1947
-47 years
Living Space
924 sq ft
1,104 sq ft
-180 (-16%)
$ Per Living Sq Ft
$178
$125
$53 (43%)
Lot Size
12,197 sq ft
8,255 sq ft
3942 (48%)
$ Per Lot Sq Ft
$13
$18
-$4 (-24%)

Net Operating Income
$12,943
-$2,897 (-22%)
Annual Revenue
$13,800
$16,800
-$3,000 (-18%)
$3,772
-$18 (0%)
Net Operating Income
$12,943
-$2,897 (-22%)
Cap Rate
8.88%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians