Seller's Agent in 2026
Kim Kraft
Berkshire Hathaway HomeServices Parks & Weisberg R
(812) 989-7469
131 Total Sales
1217 E Spring St New Albany, IN 47150
New Albany Area
--
Bed
3
Baths
5,935
Sq Ft
0.51
Acre Lot
Highlights
- 0.51 Acre Lot
- Central Air
- Wood Siding
About This Home
As of July 2026Positioned in the heart of New Albany, the Alexander Dowling Home presents a rare and compelling investment opportunity within the highly sought afte E Spring St Historic District. Located at 1217 E. Spring St & listed on the Historic Registry, this Italianate gem offers the perfect blend of historic significance & income producing potential.
Originally owned by Alexander Dowling—former Indiana Supreme Court Justice (1899–1905) & prominent local figure—this property carries a rich legacy that enhances its desirability for boutique residential, mixed use or specialty rental concepts.
Built circa 1870 with an 1888 addition, the home showcases classic Italianate architecture, including tall, narrow windows, ornate cornices & striking vertical lines. For investors, the true value lies in its versatility—the property can be restored into a grand single-family residence, converted into multiple units or repositioned for short term rental, office or mixed use purposes (subject to zoning & approvals).
Its prime location near the Downtown New Albany Historic District, along with close proximity to restaurants, shops & local businesses further strengthens its appeal for tenants, guests or commercial use.
An added bonus: the included adjacent parking lot significantly enhances functionality & future development potential.
With seller financing options available, investors have a unique opportunity to acquire a distinctive, high potential asset w/flexible terms & long term upside.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Parks & Weisberg R Brokerage Phone: 812-282-0426 License #RB14049498 Listed on: 08/15/2025
Co-Listed By
Berkshire Hathaway HomeServices Parks & Weisberg R Brokerage Phone: 812-282-0426 License #RB14028386
Last Buyer's Agent
OUTSIDE AGENT
OUTSIDE COMPANY
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,563
Year Built
- Built in 1929
Lot Details
- 22,216 Sq Ft Lot
- Lot Dimensions are 80x170
Parking
- Driveway
Home Design
- Block Foundation
- Wood Siding
Interior Spaces
- 3 Full Bathrooms
- 5,935 Sq Ft Home
- 2-Story Property
- Basement
Utilities
- Central Air
Listing and Financial Details
- Assessor Parcel Number 220502800539000008
3D Interior and Exterior Tours
Floorplans
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 5, 2022
Sold by
Bought by
Purchase Details
Closed on
Jun 7, 2006
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Young Lind Endres & Kraft | |
| Warranty Deed | -- | None Available |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/10/2026 07/10/26 | Sold | $450,000 | -9.8% | $76 / Sq Ft |
| 05/12/2026 05/12/26 | Pending | -- | -- | -- |
| 03/18/2026 03/18/26 | Price Changed | $499,000 | -16.1% | $84 / Sq Ft |
| 11/26/2025 11/26/25 | For Sale | $595,000 | 0.0% | $100 / Sq Ft |
| 10/11/2025 10/11/25 | Pending | -- | -- | -- |
| 08/15/2025 08/15/25 | For Sale | $595,000 | -- | $100 / Sq Ft |
Source: Southern Indiana REALTORS® Association
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $9,196 | $334,700 | $52,800 | $281,900 |
| 2024 | $7,563 | $269,200 | $52,800 | $216,400 |
| 2023 | $9,705 | $274,000 | $52,800 | $221,200 |
| 2022 | $8,018 | $276,600 | $52,800 | $223,800 |
| 2021 | $7,461 | $256,100 | $52,800 | $203,300 |
| 2020 | $7,280 | $256,100 | $52,800 | $203,300 |
| 2019 | $7,050 | $256,100 | $52,800 | $203,300 |
| 2018 | $6,973 | $253,900 | $52,800 | $201,100 |
| 2017 | $7,076 | $253,600 | $52,800 | $200,800 |
| 2016 | $7,896 | $251,400 | $52,800 | $198,600 |
| 2014 | $7,183 | $253,900 | $52,800 | $201,100 |
| 2013 | -- | $247,300 | $52,800 | $194,500 |
Source: Public Records
Agents Affiliated with this Home
-
Kim Kraft
-
Ken Groh
Seller Co-Listing Agent in 2026
Ken Groh
Berkshire Hathaway HomeServices Parks & Weisberg R
(502) 817-1648
59 Total Sales
-
O
Buyer's Agent in 2026
OUTSIDE AGENT
OUTSIDE COMPANY
Map
Source: Southern Indiana REALTORS® Association
MLS Number: 2025010318
APN: 22-05-02-800-539.000-008
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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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