NOT LISTED FOR SALE

1207 E Spring St New Albany, IN 47150

Estimated Value: $147,000 - $354,720

5 Beds
2 Baths
2,894 Sq Ft
$98/Sq Ft Est. Value

Last Sold July 19, 2024

Last sale price $330,000 $114 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $1,743/month

8 Days on Market

Highlights

  • Second Kitchen
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Covered Patio or Porch
  • Landscaped
  • Ceiling Fan

About This Home

As of July 2024

Completely renovated home, currently functioning as a multi-unit/duplex income generating property. Situated in the heart of downtown New Albany, enjoy trendy dining, shopping, and entertainment within just a short walk. Although both units are completely updated for maximum rental income and ready for new tenants, this home could easily be converted back to a single family residence. Single family home buyer's make sure to check this one at as well! 1st level features gorgeous custom triple window in living room, two bedrooms, completely renovated kitchen, and full bathroom boasting large walk-in tiled shower. 2nd level provides three bedrooms, full bathroom, eat-in kitchen/open living room concept. Both kitchens offer stainless appliances. Oversized laundry room is located in first level common area for multi-unit utilization. Raised ceilings, oversized replacement windows, solid surface flooring, fresh paint, upgraded lighting, and new kitchen cabinets boasting quartz countertops just scratch the surface. Plumbing and electrical have been completely updated throughout home, and unfinished basement has been fully waterproofed. Basement provides perfect area for tenants extra storage. Detached, rear-entry garage gives 14ft of clearance for vehicle storage, or could become a third income generator to rent separately. Wonderful opportunity for investment in high growth area seeing exponential value increase! Call for unique financing options perfect for this property.

Last Agent to Sell the Property

Heather Robinson

Green Tree Real Estate Services License #RB14043410 Listed on: 06/24/2024

Last Buyer's Agent

Alison Koopman

Lopp Real Estate Brokers License #RB15000649

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,198

Year Built

  • Built in 1874

Lot Details

  • 8,494 Sq Ft Lot
  • Landscaped

Parking

  • 1 Car Detached Garage
  • Rear-Facing Garage
  • Off-Street Parking

Home Design

  • Block Foundation

Interior Spaces

  • 2,894 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Utility Room
  • Unfinished Basement

Kitchen

  • Second Kitchen
  • Eat-In Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms
  • Ceramic Tile in Bathrooms

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • On Site Septic

Listing and Financial Details

  • Assessor Parcel Number 220502800538000008

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,198

Year Built

Built in 1874

Lot Details

0

Parking

1

Listing Details

  • Improvements: 85500
  • Additional Parking: Off Street
  • Annual Tax: 2198
  • Appointment: Mandatory
  • Construction: Existing
  • Foundation: Concrete Block
  • Land Assessment: 17600
  • Legal Description: P 13 L 44
  • Out Buildings: Garage
  • Parcel Number: 220502800538000008
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 103100
  • Total Finished Square Footage: 2894
  • Type: 2 Story
  • Year Built: 1874
  • Special Features: None

Interior Features

  • Water Heater: Natural Gas
  • Basement Type: Unfinished
  • Above Grade Finished Sq Ft: 2894.00
  • Appliances: Dishwasher, Microwave, Range / Oven, Refrigerator
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 5
  • Interior Amenities: Ceiling Fan(s), Ceramic Bath, Eat-In Kitchen, Second Kitchen, Utility/Mud Room
  • Lot Sq Ft: 8494.20
  • Sewer Type: Septic Onsite
  • Total Sq Ft: 2894

Exterior Features

  • Exterior Features: Covered Porch, Landscaped

Garage/Parking

  • Garage Type: Detached, Rear Entry
  • Garage Spaces: 1
  • Garage Yn: Yes

Utilities

  • Cooling Type: Central Air
  • Fuel Type: Nat Gas
  • Heat Type: Forced Air
  • Water Type: Public Onsite

Lot Info

  • Acres: 0.1950
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2024
Closed on
Jul 22, 2024
Sold by
Betz Investments Llc
Bought by
Grover William Coxen and Grover Amy Elizabeth
Seller's Agent
Heather Robinson
Green Tree Real Estate Services
Buyer's Agent
Alison Koopman
Lopp Real Estate Brokers
List Price
$349,900
Sold Price
$330,000
Premium/Discount to List
-$19,900
-5.69%
Views
26
Current Estimated Value
$282,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,320
Avg. Annual Appreciation
-9.24%
Original Mortgage
$247,500
Outstanding Balance
$245,840
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$49,333

Purchase Details

Listed on
Nov 16, 2023
Closed on
Dec 12, 2023
Sold by
Oxendine Anthony D
Bought by
Betz Investments Llc
Seller's Agent
Reed Martin
RE/MAX FIRST-Commercial Group
Buyer's Agent
Kevin Kelly
RE/MAX FIRST
List Price
$160,000
Sold Price
$135,000
Premium/Discount to List
-$25,000
-15.62%
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
343.57%

Purchase Details

Closed on
Feb 1, 2018
Sold by
Cannon Thomas B
Bought by
Oxendine Anthony D
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Grover William Coxen $330,000 None Listed On Document
Betz Investments Llc $135,000 None Listed On Document
Oxendine Anthony D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grover William Coxen $247,500
Previous Owner Cannon Thomas B $71,812
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2024 07/19/24 Sold $330,000 -5.7% $114 / Sq Ft
07/02/2024 07/02/24 Pending -- -- --
06/24/2024 06/24/24 For Sale $349,900 +159.2% $121 / Sq Ft
12/12/2023 12/12/23 Sold $135,000 -15.6% $49 / Sq Ft
11/21/2023 11/21/23 Pending -- -- --
11/16/2023 11/16/23 For Sale $160,000 -- $58 / Sq Ft
Source: Southern Indiana REALTORS® Association

Tax History Compared to Growth

Source: Public Records

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
2024 $2,575 $119,500 $17,600 $101,900
2023 $2,575 $100,000 $17,600 $82,400
2022 $2,198 $103,100 $17,600 $85,500
2021 $1,924 $89,600 $17,600 $72,000
2020 $1,927 $89,600 $17,600 $72,000
2019 $1,827 $84,900 $17,600 $67,300
2018 $938 $79,200 $17,600 $61,600
2017 $1,851 $79,300 $17,600 $61,700
2016 $789 $78,700 $17,600 $61,100
2014 $388 $68,400 $17,600 $50,800
2013 -- $70,200 $17,600 $52,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 202408873

Southern Indiana REALTORS® Association

APN: 22-05-02-800-538.000-008