$82,000
SOLD FEB 26, 2021

1512 E Spring St New Albany, IN 47150

1 Bed
0.5 Bath
1,216 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$67 Per Sq Ft

18% Below List Price

Highlights

  • Open Floorplan
  • Eat-In Kitchen
  • Accessibility Features
  • Covered Patio or Porch
  • Ramp on the main level
  • Forced Air Heating System

About This Home

As of December 2022

Are you looking for the perfect space for your next business venture with an ideal location?! Look no further! This property has everything you're looking for in up and coming Downtown New Albany! Commercially zoned, this property was previously a hair salon and offers 3 water stations on the main level. Back kitchen provides the perfect mixing area or break room. Half bath downstairs is perfect for clients. Business has an upstairs apartment offers additional income! Could also be easily converted back to single family home or duplex for rental income with proper zoning! Call today for your private tour! Outside sign does not convey.

Last Agent to Sell the Property

Heather Robinson

Green Tree Real Estate Services License #RB14043410 Listed on: 09/29/2020

Last Buyer's Agent

Fancy Fulton-Smith

RE/MAX FIRST License #RB14015120

RE/MAX FIRST

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,889

Year Built

  • Built in 1929

Lot Details

  • 2,614 Sq Ft Lot
  • Property is zoned Commercial

Home Design

  • Wood Trim

Interior Spaces

  • 1,216 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 1 Bedroom
  • 0.5 Bathroom

Basement

  • Sump Pump
  • Basement Cellar

Accessible Home Design

  • Accessibility Features
  • Ramp on the main level

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 220502800655000008

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,889

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Improvements: 54300
  • Annual Tax: 1889
  • Appointment: Mandatory
  • Construction: Existing
  • Land Assessment: 14300
  • Legal Description: P. 13 E 25' L. 81
  • Parcel Number: 220502800655000008
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 68600
  • Total Finished Square Footage: 1216
  • Type: 2 Story
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Water Heater: Natural Gas
  • Basement Type: Cellar
  • Above Grade Finished Sq Ft: 1216.00
  • Basement: Yes
  • Half Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 1
  • Interior Amenities: Eat-In Kitchen, Natural Wood Trim, Open Floor Plan, Sump Pump
  • Lot Sq Ft: 2613.60
  • Room Count: 4
  • Sewer Type: Sewer
  • Total Sq Ft: 1216
  • Total Rooms: 3

Exterior Features

  • Exterior Features: Access. Features, Covered Porch, Ramp

Utilities

  • Cooling Type: Window A/C Unit(s)
  • Fuel Type: Nat Gas
  • Heat Type: Forced Air
  • Water Type: Public Onsite

Lot Info

  • Acres: 0.0600
  • Zoning: Commercial

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2022
Closed on
Dec 30, 2022
Sold by
Wilson Michele
Bought by
Chanel Nicole Investment Group Llc
Seller's Agent
Fancy Fulton-Smith
RE/MAX FIRST
Buyer's Agent
Fancy Fulton-Smith
RE/MAX FIRST
List Price
$150,000
Sold Price
$110,000
Premium/Discount to List
-$40,000
-26.67%
Views
112
Current Estimated Value
$147,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,520
Avg. Annual Appreciation
13.02%
Original Mortgage
$143,154
Interest Rate
6.61%
Mortgage Type
Construction

Purchase Details

Listed on
Sep 29, 2020
Closed on
Feb 26, 2021
Sold by
Spalding Vickie L
Bought by
Youell Angela and Wilson Michele
Seller's Agent
Heather Robinson
Green Tree Real Estate Services
Buyer's Agent
Fancy Fulton-Smith
RE/MAX FIRST
List Price
$99,900
Sold Price
$82,000
Premium/Discount to List
-$17,900
-17.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.31%
Original Mortgage
$61,500
Interest Rate
2.7%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $143,154 Construction
Previous Owner $61,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2022 12/30/22 Sold $110,000 -26.7% $90 / Sq Ft
10/07/2022 10/07/22 Pending -- -- --
07/12/2022 07/12/22 For Sale $150,000 0.0% $123 / Sq Ft
04/29/2022 04/29/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $150,000 +82.9% $123 / Sq Ft
02/26/2021 02/26/21 Sold $82,000 -17.9% $67 / Sq Ft
01/19/2021 01/19/21 Pending -- -- --
09/29/2020 09/29/20 For Sale $99,900 -- $82 / 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 $3,899 $62,000 $14,300 $47,700
2023 $3,899 $63,100 $14,300 $48,800
2022 $1,844 $63,600 $14,300 $49,300
2021 $1,736 $59,600 $14,300 $45,300
2020 $1,694 $59,600 $14,300 $45,300
2019 $1,888 $68,600 $14,300 $54,300
2018 $1,623 $59,100 $14,300 $44,800
2017 $1,652 $59,200 $14,300 $44,900
2016 $1,518 $58,700 $14,300 $44,400
2014 $1,680 $59,400 $14,300 $45,100
2013 -- $57,900 $14,300 $43,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 2020010955

Southern Indiana REALTORS® Association

APN: 22-05-02-800-655.000-008