NOT LISTED FOR SALE

1588 Meadow Ln New Albany, IN 47150

Estimated Value: $238,000 - $255,000

3 Beds
2 Baths
1,444 Sq Ft
$170/Sq Ft Est. Value

Last Sold May 20, 2024

Last sale price $225,000 $156 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,472/month

2 Days on Market

Highlights

  • Deck
  • Enclosed Patio or Porch
  • Forced Air Heating and Cooling System
  • Slate Run Elementary School Rated A-
  • 2 Car Detached Garage
  • Wood Burning Fireplace

About This Home

As of May 2024

3 bedrooms, 2 baths, a basement, and a 2 car detached garage located on a desirable one street neighborhood conveniently located in New Albany off Slate Run Rd! This home has lots of character and charm starting with the brick walkway to the covered front porch, which leads you into the living room with hardwood floors. The 2nd floor gives you a master bedroom feel with an offset area and closet that could be a home office, walk-in closet, nursery, or whatever you want to use it as. On the first floor, two additional bedrooms, a remodeled full bath (completed in 2022), plus an enclosed porch off the kitchen, currently used as a dining room, but offers flexibility with heat/air vents and direct access outside. The unfinished basement gives you that extra space and an opportunity for expansion, featuring a full bathroom. Please note, the walls were never built around the bathroom, so it is open to the rest of the basement. Behind the garage is another nice surprise with a spacious deck perfect for grilling, relaxing, or entertaining friends and family, plus the seller added a fence along the back to give you some added privacy. Great home and location at a very fair price! Please allow 48 hours for the seller to respond to any offers.

Last Agent to Sell the Property

Jesse Niehaus

Schuler Bauer Real Estate Services ERA Powered (N License #RB14038872 Listed on: 03/15/2024

Schuler Bauer Real Estate Services ERA Powered  (N

Co-Listed By

Susan Block

Schuler Bauer Real Estate Services ERA Powered (N License #RB14022957

Last Buyer's Agent

Brian Bowling

Homepage Realty License #RB24000486

Homepage Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,666

Year Built

  • Built in 1950

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 80x121
  • Street terminates at a dead end

Parking

  • 2 Car Detached Garage
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Block Foundation
  • Frame Construction
  • Radon Mitigation System

Interior Spaces

  • 1,444 Sq Ft Home
  • 1.5-Story Property
  • Wood Burning Fireplace
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 220504400627000008

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,666

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Annual Tax: 1666
  • Appointment: Mandatory
  • Construction: Frame On-Site
  • Foundation: Concrete Block
  • Legal Description: P 643; L 4
  • Lot Dimensions: 80x121
  • Numof Fireplaces: 1
  • Out Buildings: Garage
  • Parcel Number: 220504400627000008
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Subdivision Yn: Yes
  • Total Finished Square Footage: 1444
  • Type: 1.5 Story
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Water Heater: Natural Gas
  • Basement Type: Full, Unfinished
  • Above Grade Finished Sq Ft: 1444.00
  • Appliances: Dishwasher, Disposal, Garage Door Opener, Microwave, Range / Oven, Refrigerator
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Fireplace: Woodburning
  • Interior Amenities: Radon Mitigation Sys
  • Lot Sq Ft: 9583.20
  • Sewer Type: Sewer
  • Total Sq Ft: 1444

Exterior Features

  • Exterior Features: Covered Porch, Deck, Enclosed Porch

Garage/Parking

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

Utilities

  • Cooling Type: Central Air
  • Fuel Type: Nat Gas
  • Heat Type: Forced Air
  • Water Type: Public Onsite

Lot Info

  • Acres: 0.2200
  • Lot Description: Dead End Street
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2024
Closed on
May 20, 2024
Sold by
Mcmahon Kevin G and Mcmahon Erin M
Bought by
Haskins Benjamin
Seller's Agent
Jesse Niehaus
Schuler Bauer Real Estate Services ERA Powered (N
Buyer's Agent
Brian Bowling
Homepage Realty
List Price
$209,900
Sold Price
$225,000
Premium/Discount to List
$15,100
7.19%
Views
116
Current Estimated Value
$245,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,182
Avg. Annual Appreciation
5.81%
Original Mortgage
$180,000
Outstanding Balance
$177,447
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$67,735

Purchase Details

Listed on
Jun 25, 2013
Closed on
Aug 5, 2013
Sold by
Wright Jennifer M Motz Nka
Bought by
Mcmahon Erin M and Mcmahon Kevin G
Seller's Agent
Russ Kruer
RE/MAX Ability Plus
Buyer's Agent
Jesse Niehaus
Schuler Bauer Real Estate Services ERA Powered (N
List Price
$123,900
Sold Price
$125,900
Premium/Discount to List
$2,000
1.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.52%

Purchase Details

Closed on
May 28, 2010
Sold by
Bush James C
Bought by
Motz Jennifer M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,604
Interest Rate
5.5%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Haskins Benjamin $225,000 None Listed On Document
Mcmahon Erin M $125,900 --
Motz Jennifer M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haskins Benjamin $180,000
Previous Owner Motz Jennifer M $103,604
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/20/2024 05/20/24 Sold $225,000 +7.2% $156 / Sq Ft
03/17/2024 03/17/24 Pending -- -- --
03/15/2024 03/15/24 For Sale $209,900 +66.7% $145 / Sq Ft
08/05/2013 08/05/13 Sold $125,900 +1.6% $90 / Sq Ft View Prior Sale
07/01/2013 07/01/13 Pending -- -- --
06/25/2013 06/25/13 For Sale $123,900 -- $88 / 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 $2,125 $153,800 $20,000 $133,800
2023 $1,665 $157,700 $20,000 $137,700
2022 $1,690 $159,300 $20,000 $139,300
2021 $1,527 $143,400 $20,000 $123,400
2020 $1,526 $143,100 $20,000 $123,100
2019 $1,473 $139,100 $20,000 $119,100
2018 $1,209 $123,600 $20,000 $103,600
2017 $1,227 $123,300 $20,000 $103,300
2016 $1,121 $122,200 $20,000 $102,200
2014 $965 $106,200 $20,000 $86,200
2013 -- $102,700 $20,000 $82,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 202406473

Southern Indiana REALTORS® Association

APN: 22-05-04-400-627.000-008