NOT LISTED FOR SALE

1509 E Spring St New Albany, IN 47150

Estimated Value: $276,000 - $342,000

3 Beds
2.5 Baths
1,963 Sq Ft
$157/Sq Ft Est. Value

Last Sold September 19, 2022

Last sale price $250,000 $127 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,851/month

2 Days on Market

Highlights

  • No HOA
  • Porch
  • Property is Fully Fenced
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of September 2022

An exceptional opportunity to own this stylish, award-winning historic Foreman-Black home in one of the hottest areas of town! Enjoy single story living in this nearly 2,000 sq.ft Queen Anne style home located in the East Spring Street Historic District that has been beautifully updated while maintaining so much of its original charm. The covered front porch welcomes guests inside where they are greeted with 10 ft. ceilings, refinished hardwood floors with impressive inlays, 3 stunning decorative fireplaces, and an open layout. Fit for any serious chef, the remodeled kitchen boasts loads of cabinetry, center island, and stainless steel appliances, including a gas range. Off the kitchen, you'll enjoy the light-filled living room that flows into the formal dining area with powder room for convenience. The family room provides access to the large, fully fenced backyard with a 1270 sq ft garage complete with a new garage door, a work bench, and a 240 volt outlet that can easily be set up to charge your electric vehicle. Back inside, the Owner's Suite is the perfect retreat boasting a spa-like bathroom with soaking tub, and large walk-in shower. An additional bedroom with attached full bath, and walk-in closet is located off the family room. Kitchen appliances, and washer and dryer to remain. Loads of additional storage space in the spacious cellar basement. The entire home was outfitted as a Smart Home, including wifi-enabled smoke detectors and light switches (Lutron brand), LED lights, and a Ring home security system. Six of the windows have been replaced in the last two years. This home presents a unique chance to become part of the booming Downtown New Albany neighborhood, within close proximity of the new Sherman Minton Bridge, and wonderful shops and restaurants. A true classic that's move-in ready!

Last Agent to Sell the Property

The Noe Group

Keller Williams Louisville East Brokerage Email: katie@goteamnoe.com License #222046 Listed on: 08/13/2022

Last Buyer's Agent

NON MEMBER

NON-MEMBER OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,685

Year Built

  • Built in 1929

Lot Details

  • 8,712

Parking

  • 1 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,963 Sq Ft Home
  • 1-Story Property
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Porch
  • Property is Fully Fenced

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0086860080
  • Seller Concessions Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,685

Year Built

Built in 1929

Lot Details

0

Parking

1

Listing Details

  • Cooling System: Central Air
  • Stories: 1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Attribution Contact: katie@goteamnoe.com
  • Garage Yn: Yes
  • Subdivision Name: NONE
  • Above Grade Finished Sq Ft: 1963.0
  • ResoBuildingAreaSource: Appraiser
  • Dining Room Level: First
  • Full Bathroom Level: First
  • Half Bathroom Level: First
  • Rooms:Living Room5: Yes
  • Primary Bathroom Level: First
  • Primary Bedroom Level: First
  • Roof:Shingle: Yes
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Special Features: None

Interior Features

  • Basement: Cellar
  • Bedroom Level: First
  • Family Room Level: First
  • Kitchen Level: First
  • Laundry Level: First
  • Living Room Level: First
  • Other Level: Basement
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Total Bedrooms: 12
  • ResoLivingAreaSource: Appraiser
  • Other Rooms:Family Room2: Yes
  • Basement:Cellar: Yes

Exterior Features

  • Fencing: Full
  • Roof: Shingle
  • Acres: 0.2
  • Construction Type: Block, Brick
  • Foundation Details: Concrete Blk
  • Patio And Porch Features: Porch
  • Construction:Brick3: Yes
  • Exterior Features:Fencing - Full: Yes
  • Patio and Porch Features:Porch2: Yes

Garage/Parking

  • Garage Spaces: 1.0
  • Attached Garage: No
  • Parking Features: Off Street, Detached, See Remarks
  • General Property Description:Garage Spaces: 1
  • GarageParking:Detached: Yes
  • GarageParking:Off-Street Parking: Yes

Utilities

  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 8500.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 0086860080
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 1929

Tax Info

  • Tax Block: 0000
  • Tax Lot: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2022
Closed on
Sep 19, 2022
Sold by
Smith Iii Dale L and Smith Keely S
Bought by
Medina James A
Seller's Agent
The Noe Group
Keller Williams Louisville East
Buyer's Agent
NON MEMBER
NON-MEMBER OFFICE
List Price
$250,000
Sold Price
$250,000
Views
40
Current Estimated Value
$308,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,007
Avg. Annual Appreciation
7.18%
Original Mortgage
$230,000
Outstanding Balance
$220,150
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$87,857

Purchase Details

Listed on
Feb 13, 2020
Closed on
Mar 23, 2020
Sold by
Wetzel Tonya
Bought by
Smith Dale L and Smith Keely S
Seller's Agent
Jeff Simmons
Buyer's Agent
Ann Osterhoudt
Lopp Real Estate Brokers
List Price
$179,900
Sold Price
$186,000
Premium/Discount to List
$6,100
3.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.61%
Original Mortgage
$182,631
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 5, 2017
Sold by
Arlp Reo Iii Llc
Bought by
Trs Proprty Services Llc

Purchase Details

Listed on
May 7, 2014
Closed on
Aug 5, 2014
Sold by
Meyer Callista M
Bought by
Wetzel Tonya
Seller's Agent
Patricia Harrison
RE/MAX FIRST
Buyer's Agent
Kyle Wohrle
Schuler Bauer Real Estate Services ERA Powered (N
List Price
$57,000
Sold Price
$35,500
Premium/Discount to List
-$21,500
-37.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.42%
Original Mortgage
$35,000
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2011
Sold by
Meyer Martha
Bought by
Meyer Callista M

Purchase Details

Closed on
Oct 21, 2008
Sold by
Fannie Mae
Bought by
Meyer Martha

Purchase Details

Closed on
May 22, 2008
Sold by
Green Ricky Earl
Bought by
Federal National Mortgage Association
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
Medina James A -- --
Smith Dale L -- None Available
Trs Proprty Services Llc -- --
Wetzel Tonya $35,500 Law Offices Of Keith D Mull
Wetzel Tonya -- --
Meyer Callista M -- None Available
Meyer Martha $45,500 None Available
Federal National Mortgage Association $108,463 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medina James A $230,000
Previous Owner Smith Dale L $182,631
Previous Owner Wetzel Tonya $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2022 09/19/22 Sold $250,000 0.0% $127 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
08/13/2022 08/13/22 For Sale $250,000 +34.4% $127 / Sq Ft
03/23/2020 03/23/20 Sold $186,000 +3.4% $98 / Sq Ft
02/15/2020 02/15/20 Pending -- -- --
02/13/2020 02/13/20 For Sale $179,900 +406.8% $94 / Sq Ft
08/05/2014 08/05/14 Sold $35,500 -37.7% $18 / Sq Ft
07/14/2014 07/14/14 Pending -- -- --
05/07/2014 05/07/14 For Sale $57,000 -- $29 / Sq Ft
Source: Metro Search, Inc.

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 $2,685 $298,400 $17,600 $280,800
2023 $2,685 $248,000 $17,600 $230,400
2022 $1,822 $173,700 $17,600 $156,100
2021 $1,572 $149,300 $17,600 $131,700
2020 $1,635 $149,300 $17,600 $131,700
2019 $1,265 $120,600 $17,600 $103,000
2018 $1,070 $113,900 $17,600 $96,300
2017 $1,086 $113,700 $17,600 $96,100
2016 $990 $112,600 $17,600 $95,000
2014 $940 $82,400 $17,600 $64,800
2013 -- $84,600 $17,600 $67,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro Search, Inc.

MLS Number: 1619930

Metro Search, Inc.

APN: 22-05-02-800-716.000-008