2316 Vann Avenue, Evansville, IN 47714
Local realty services provided by:ERA First Advantage Realty, Inc.
Listed by: andros l'grandCell: 812-270-8747
Office: keller williams capital realty
MLS#:202530117
Source:Indiana Regional MLS
Price summary
- Price:$24,999
About this home
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.
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Home facts
- Listing ID #:202530117
- Added:196 day(s) ago
- Updated:February 11, 2026 at 02:48 AM
Structure and exterior
- Lot area:0.38 Acres
Schools
- High school:William Henry Harrison
- Middle school:McGary
- Elementary school:Caze
Utilities
- Water:Available, City
- Sewer:City
Finances and disclosures
- Price:$24,999
- Tax amount:$390
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