402 N 7th Street

Vincennes, IN, 47591

  • Price $199,900
  • Sq. Ft.3930
  • MLS #201743632
This property includes the main floor Body Tanning Salon business with large reception area, inventory and equipment. 2nd & 3rd floor level living area with 4 bedrooms, 3 baths, large living room, and kitchen with dining area. Upstairs area is currently rented for $1,525.00 a month.

Annual Taxes: $3,595
  • CoolingCentral Air
  • ExteriorBrick,Wood
  • HeatingGas,Forced Air
  • Lot Size1917
  • Sale IncludesBuilding, Business, Furniture, Inventory
  • SewageCity
  • Special FeaturesLiving Space,Display Window(s),Public Restrooms
  • TownshipVincennes
  • ParkingStreet
  • WaterCity
  • Zoning DescriptionC-1 Local Business District
    • Jan Parsons

      Cell: (812) 881-8830

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    Jan was absolutely the best realtor. She was always so kind & friendly. She was always quick to answer any questions we had. We will highly recommend her to all of our friends who are looking to buy a home.
    Richard & Tena Bird

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    Frequently asked questions

    What is the Difference between Sale Price & Assessment?
    Here is one of the most commonly asked questions at Assessment Notice time: We recently purchased a property, why is it assessed at a different price then the purchase price? This could be due to a couple of reason: First, the motivation of the buyers and sellers can affect sale price. Therefore, when very similar properties are sold during the same time frame, a range of sale prices can result. The market value assessment reflects sales in the middle of this range of prices. As a result, the assessment could be higher or lower than a specific selling price. Second, market values may have changed between valuation day and the date you made your purchase. For example, in some areas, market values have increased since January 1. If this has happened in your area and you  have only recently purchased your property, it is possible that your assessment, while representative of your type of home 3 or 4 months ago, will be lower than your purchase price. The purpose of the assessment roll is not to reflect a single sale price, but to assess all properties at market value on the same valuation date, so that taxation is fairly and uniformly shared.

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