1206 E Main St New Albany, IN 47150
Estimated payment $6,033/month
Highlights
- Deck
- No HOA
- Porch
- Traditional Architecture
- Balcony
- Patio
About This Home
Commonly known as the Shipman McCord Mansion, this extraordinary circa-1866 property on historic Mansion Row in Downtown New Albany offers a rare blend of architectural significance, modern upgrades, and multiple income streams. Recently awarded the New Albany Historic Preservation Facelift Award for efforts to restore and preserve the historic homes and buildings of New Albany, this iconic property currently operates as 2 short-term rental units, 1 mid-term unit, and 1 long-term unit, with 1 newly renovated vacant unit ready for the new owner's preferred use. Two additional unfinished spaces provide future value-add potential. Over the last five years, the home has undergone extensive improvements including a new roof, exterior restoration preserving the original brick facade and wrought iron details, and reconstruction of the two-story porch/deck true to its original design. Inside, each unit has been updated for modern living while maintaining historic character through original plaster crown molding and trim, restored windows, original doors, staircases and railings, exposed brick, and hardwood floors with inlaid detail. Major updates include separate electrical meters, separate furnaces and A/C systems, and separate water heaters for all units. A rare opportunity to own one of New Albany's most iconic historic properties with flexible short-term, mid-term, long-term, owner-occupant, or mixed-use investment potential.
Property Details
Home Type
- Apartment
Year Built
- Built in 1929
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Shingle Roof
Outdoor Features
- Balcony
- Deck
- Patio
- Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Additional Features
- 5 Bathrooms
- Lot Dimensions are 90x125
- Basement
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 22-05-02-801-610.000-008
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,415 | $446,500 | $39,600 | $406,900 |
| 2024 | $8,048 | $379,000 | $39,600 | $339,400 |
| 2023 | $7,937 | $371,900 | $39,600 | $332,300 |
| 2022 | $7,701 | $360,600 | $39,600 | $321,000 |
| 2021 | $7,158 | $332,600 | $39,600 | $293,000 |
| 2020 | $7,170 | $332,600 | $39,600 | $293,000 |
| 2019 | $8,042 | $372,800 | $39,600 | $333,200 |
| 2018 | $7,150 | $329,400 | $39,600 | $289,800 |
| 2017 | $7,275 | $329,400 | $39,600 | $289,800 |
| 2016 | $6,524 | $326,200 | $39,600 | $286,600 |
| 2014 | $5,648 | $282,400 | $39,600 | $242,800 |
| 2013 | -- | $274,500 | $39,600 | $234,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/03/2026 04/03/26 | For Sale | $989,900 | +227.2% | $181 / Sq Ft | |
| 10/31/2019 10/31/19 | Sold | $302,560 | -11.0% | $60 / Sq Ft | View Prior Sale |
| 10/18/2019 10/18/19 | Pending | -- | -- | -- | |
| 10/11/2019 10/11/19 | For Sale | $339,900 | -- | $68 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $353,500 | Commercial | |
| Previous Owner | $250,000 | Commercial |
Source: Metro Search, Inc.
MLS Number: 1713384
APN: 22-05-02-801-610.000-008
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Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.