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510 E Olmstead Ave, Evansville, IN, 47711

5beds
2baths
3,240sqft
$159,000
$49price/sqft
$1,360/moest. monthly cost
$54,400/yrincome needed

About This Home

This 5 bedroom, 1.5 bath one-and-a-half story home offers generous living space, thoughtful storage, and a convenient Evansville location. Step inside to a spacious living room with a large coat closet before flowing into the eat-in kitchen, complete with space for a dining table and a charming built-in bookcase. Three bedrooms and the full bathroom are located on the main level, while upstairs you'll find two additional bedrooms, a half bath, and abundant storage space. The partially finished basement adds even more living area with a cozy wood-burning stove, a flex room for storage, a utility room with laundry, utility sink, and an additional shower. Built-in features, a laundry chute from the primary closet, and plenty of storage throughout add to the home's functionality. Outside, enjoy the screened-in back porch leading to an open patio, a landscaped and fenced backyard, and a detached 2-car garage.

Getting Around

24
WalkingCar-Dependent
0
TransitVery Limited Transit
48
BikeSomewhat Bikeable

Schools

4/10
Evans SchoolGrades PK-60.4 mi
9/10
North Junior High SchoolGrades 7-87.7 mi
9/10
North High SchoolGrades 9-127.7 mi

Construction

Condition

  • Year built: 1956

Materials

  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cape Cod
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Partial,Partially Finished,Block

Bedroom1

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bedrooms: 3

Dining Room

  • Level: Main

Family Room

  • Level: Lower
  • Area: 336

Features

  • Bookcases,Walk-In Closet(s),Laminate Counters,Eat-in Kitchen,Tub/Shower Combination
  • Flooring: Hardwood,Carpet,Laminate,Vinyl
  • Number of fireplaces: 1
  • Fireplace features: Family Room,Wood Burning Stove
  • Fireplace: Yes
  • Attic: Storage
  • Finished area below ground: 884
  • Finished area above ground: 2,356

Heating & Cooling

  • Heating features: Forced Air,Wall Furnace
  • Cooling features: Central Air,Window Unit(s)

Interior Area

  • Total structure area: 3,240
  • Total interior livable area: 3,240 sqft

Kitchen

  • Level: Main
  • Area: 210

Living Room

  • Level: Main
  • Area: 340

Property

Details

  • Parcel number: 820617031130.008029

Features

  • Levels: One and One Half
  • Stories: 1
  • Patio & porch: Porch Covered,Screened
  • Fencing: Partial,Chain Link

Lot

  • Lot size: 8,276 sqft
  • Features: Level,0-2.9999,Landscaped
  • Lot size dimensions: 60X135

Parking

  • Total spaces: 2
  • Parking features: Detached,Concrete,Gravel
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Tornado
Winter Weather
Cold Wave
Earthquake
Heat Wave
Ice Storm
Lightning
Strong Wind

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $803$9,636
Home Insurance *$119$1,428
Property Taxes $141$1,692
Electricity $297$3,564
Total$1,360$16,320
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$46,628/yr
40% on housing$40,800/yr
45% on housing$36,266/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$49This listing

vs Other Active Listings

Avg $/sqft

ZIP 47711$85
Vanderburgh County$96

vs Homes Sold Last Month

Median $/sqft

ZIP 47711$132
Vanderburgh County$139

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-11Pending sale$159,000
2026-07-22Listed for sale$159,000
2021-03-24Listing removed--
2020-11-06Price change$138,800
2020-10-26Listed for sale$139,900

For Sale by Agent

AgentTrae Dauby
BrokerageDauby Real Estate

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