NOT LISTED FOR SALE

1516 E Market St New Albany, IN 47150

Estimated Value: $247,000 - $288,000

4 Beds
2 Baths
2,195 Sq Ft
$122/Sq Ft Est. Value

Last Sold July 14, 2014

Last sale price $133,000 $61 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $1,523/month

97 Days on Market

Highlights

  • Cathedral Ceiling
  • Formal Dining Room
  • 2 Car Detached Garage
  • Bonus Room
  • Fenced Yard
  • Home Security System

About This Home

As of July 2014

PRICE REDUCED! Completely remodeled & looking better than ever! This home in Uptown New Albany offers contemporary finishes that highlight its' historic character & charm. No worries about infrastructure as all the important updates including electric, plumbing, HVAC, water heater, windows, roof, and gutters were completed in 2007. The kitchen is complete with a full set of stainless steel appliances, cherry cabinets with solid surface countertops and glass tile backsplash. The foyer welcomes you to a living room ready for your biggest furniture. A luxurious, ceramic bath with jetted tub on the first floor is sure to please as is the large bedroom which could be converted to another living room or outstanding office. Upstairs are two grand bedrooms plus a third adjacent to an extra room that houses the laundry. The big bonus is the room above the garage. The sellers designed it as an art studio complete with bathroom. Just think of the possibilities! Rest easy with a home warranty.

Last Agent to Sell the Property

Paul Kiger

Coldwell Banker McMahan License #RB14035922 Listed on: 02/12/2014

Coldwell Banker McMahan

Last Buyer's Agent

Shawn Faye

RE/MAX Ability Plus License #RB14044059

RE/MAX Ability Plus

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $774

Year Built

  • Built in 1929

Lot Details

  • 3,615 Sq Ft Lot
  • Lot Dimensions are 30x120
  • Fenced Yard

Parking

  • 2 Car Detached Garage
  • Rear-Facing Garage
  • Garage Door Opener

Home Design

  • Brick Foundation
  • Block Foundation
  • Frame Construction

Interior Spaces

  • 2,195 Sq Ft Home
  • 1.5-Story Property
  • Cathedral Ceiling
  • Entrance Foyer
  • Formal Dining Room
  • Bonus Room
  • Storage
  • Home Security System

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

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

Unfinished Basement

  • Partial Basement
  • Sump Pump

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 220502801585000008

Home Details

Home Type

Single Family

Est. Annual Taxes

$774

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Improvements: 89100
  • Annual Tax: 774
  • Appointment: Mandatory
  • Construction: Frame On-Site
  • Deduction Type: Homestead Standard, Mortgage, Supplemental Homestd
  • Foundation: Brick (Solid), Concrete Block
  • Land Assessment: 7500
  • Legal Description: DIST:0005 CITY/MUNI/TWP:NEW ALBANY TOWNSHIP P.55/208 W 1/2 L.3 1516 E. MARKET ST. MAP REF:05
  • Lot Dimensions: 30x120
  • Parcel Number: 220502801585000008
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 96600
  • Total Deduction Amnt: 66795
  • Total Finished Square Footage: 2195
  • Type: 1.5 Story
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Basement Type: Partial, Unfinished
  • Above Grade Finished Sq Ft: 2195.00
  • Appliances: Dishwasher, Garage Door Opener, Microwave, Range / Oven, Refrigerator
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Interior Amenities: Added Storage, Atcs, Bonus Room, Cable Wired, Cath/Vaul/Tray Ceil, Ceramic Bath, Formal Dining Rm, Foyer, Security System, Sump Pump
  • Lot Measurement: Acres
  • Lot Sq Ft: 3615.00
  • Room Count: 9
  • Sewer Type: Sewer
  • Total Sq Ft: 2195
  • Total Rooms: 9

Exterior Features

  • Exterior Features: Fenced Yard
  • Home Warranty: Yes

Garage/Parking

  • Garage Type: Detached, Rear Entry
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Cooling Type: Central Air
  • Fuel Type: Electric
  • Heat Type: Heat Pump
  • Water Type: Public Onsite

Schools

  • School District: New Albany-Floyd Cty

Lot Info

  • Acres: 0.0800
  • Lot Description: Irrg
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2014
Closed on
Jul 14, 2014
Sold by
Mcknight Brock Meghan and Mcknight Brock Murphy
Bought by
Weber Jo A
Seller's Agent
Paul Kiger
Coldwell Banker McMahan
Buyer's Agent
Shawn Faye
RE/MAX Ability Plus
List Price
$144,900
Sold Price
$133,000
Premium/Discount to List
-$11,900
-8.21%
Current Estimated Value
$268,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,583
Avg. Annual Appreciation
5.42%
Original Mortgage
$113,000
Outstanding Balance
$87,443
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$151,183

Purchase Details

Closed on
Mar 2, 2007
Sold by
Cotner Paul W
Bought by
Murphy Meghan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2005
Sold by
Davis Alisa J
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

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Average Value
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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
Weber Jo A $133,000 Pitt & Frank Closings
Murphy Meghan -- None Available
Federal National Mortgage Association -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weber Jo A $113,000
Previous Owner Murphy Meghan $75,159
Previous Owner Mcknight Meghan Murphy $78,800
Previous Owner Murphy Meghan $81,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2014 07/14/14 Sold $133,000 -8.2% $61 / Sq Ft
05/20/2014 05/20/14 Pending -- -- --
02/12/2014 02/12/14 For Sale $144,900 -- $66 / 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 $480 $206,900 $7,500 $199,400
2023 $480 $142,400 $7,500 $134,900
2022 $337 $128,600 $7,500 $121,100
2021 $10 $110,100 $7,500 $102,600
2020 $18 $110,600 $7,500 $103,100
2019 $66 $111,200 $7,500 $103,700
2018 $55 $110,600 $7,500 $103,100
2017 $518 $138,300 $7,500 $130,800
2016 $63 $111,300 $7,500 $103,800
2014 -- $99,200 $7,500 $91,700
2013 $774 $96,600 $7,500 $89,100
Source: Public Records

Agents Affiliated with this Home

  • Paul Kiger

    Seller's Agent in 2014

    Paul Kiger

    Coldwell Banker McMahan

    (502) 314-6748

    103 in this area

    289 Total Sales

    Section Image
  • Shawn Faye

    Buyer's Agent in 2014

    Shawn Faye

    RE/MAX

    (502) 643-3298

    21 in this area

    81 Total Sales

    Section Image
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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 201401094

Southern Indiana REALTORS® Association

APN: 22-05-02-801-585.000-008

Indiana Floyd County New Albany 47150

1516 E Market St, New Albany, IN

This home is located at 1516 E Market St, New Albany, IN 47150 since 12 February 2014 and is currently estimated at $268,583, approximately $122 per square foot. This property was built in 1929. 1516 E Market St is a home located in Floyd County with nearby schools including S. Ellen Jones Elementary School, Nathaniel Scribner Middle School, and New Albany Senior High School.

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.

Southern Indiana REALTORS® Association 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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