1207 E Spring St New Albany, IN 47150
5
Beds
2
Baths
2,894
Sq Ft
8,494
Sq Ft Lot
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 2024Completely 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
Green Tree Real Estate Services License #RB14043410
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
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%
Total Days on Market
8
Views
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,647
Avg. Annual Appreciation
-13.22%
Original Mortgage
$247,500
Outstanding Balance
$245,840
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$47,513
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
Map
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Similar Homes in New Albany, IN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $330,000 | None Listed On Document | |
| Warranty Deed | $135,000 | None Listed On Document | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $247,500 | New Conventional | |
| Previous Owner | $71,812 | Unknown |
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
| 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
Source: Southern Indiana REALTORS® Association
MLS Number: 202408873
APN: 22-05-02-800-538.000-008
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for consumers’ personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
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