NOT LISTED FOR SALE

1605 E Spring St New Albany, IN 47150

Estimated Value: $204,307 - $320,000

3 Beds
2 Baths
2,464 Sq Ft
$102/Sq Ft Est. Value

Last Sold October 05, 2012

Last sale price $15,000 $6 Per Sq Ft

Est. 1,582% increase in value since last sale

Current estimated payment $1,587/month

113 Days on Market

About This Home

As of October 2012

Featured in March 2007 issue of This Old House Magazine, the 1875 Brown-McCulloch House is ready to finish. C-2 zoning allows residential and/or commercial use. Indiana Landmarks saved the house from demolition and has completed major structural repairs and exterior improvements, including new roof, gutters & downspouts, siding repair and all exterior paint. Approx. $80,000 invested to date. Some interior demolition completed. Interior requires complete renovation, including new mechanical systems. Several outstanding original interior features remain, including staircase, two mantles, doors and trim and hardwood floors. Architect's concept drawings available for interior renovation. Property in East Spring Street Historic District and will be sold subject to preservation easement. Sq ft & rm sz approx. Sq. ft. and rm. sizes approx.

Last Listed By

Ed Clere

Compass REALTORS, LLC License #RB14025699 Listed on: 04/11/2012

Compass REALTORS, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,188

Year Built

  • Built in 1875

Lot Details

  • 6,795 Sq Ft Lot
  • Lot Dimensions are 40 x 170
  • Property is zoned Commercial

Home Design

  • Brick Foundation
  • Block Foundation
  • Frame Construction
  • Wood Trim

Interior Spaces

  • 2,464 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry
  • Basement Cellar
  • Crawl Space

Outdoor Features

  • Covered patio or porch

Listing and Financial Details

  • Assessor Parcel Number 220502800722000008

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,188

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Improvements: 74700
  • Appointment: Not Needed
  • Construction: Frame On-Site
  • Deduction Type: Tax Exempt
  • Foundation: Brick (Solid), Concrete Block
  • Land Assessment: 11300
  • Legal Description: P. 13 E 15' L. 86 W 25' L. 88 1605 E SPRING
  • Lot Dimensions: 40 x 170
  • Numof Fireplaces: 2
  • Parcel Number: 220502800722000008
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Subdivision Yn: Yes
  • Total: 86000
  • Total Deduction Amnt: 81400
  • Total Finished Square Footage: 2464
  • Type: 2 Story
  • Year Built: 1875
  • Special Features: None

Interior Features

  • Basement Type: Cellar, Crawl Space, Outside Entrance, Partial, Unfinished
  • Above Grade Finished Sq Ft: 2464.00
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Interior Amenities: Natural Wood Trim
  • Lot Measurement: Acres
  • Lot Sq Ft: 6795.00
  • Room Count: 7
  • Sewer Type: Sewer
  • Total Sq Ft: 2464
  • Total Rooms: 7

Exterior Features

  • Exterior Features: Covered Porch, Public Sidewalk

Garage/Parking

  • Garage Spaces: 0

Utilities

  • Fuel Type: Nat Gas
  • Water Type: Public Onsite

Schools

  • School District: New Albany-Floyd Cty

Lot Info

  • Acres: 0.1600
  • Zoning: Commercial

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2017
Sold by
Spring Street Investors Llc
Bought by
Buick City Llc
Total Days on Market
113
Current Estimated Value
$252,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,650
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 11, 2012
Closed on
Oct 2, 2012
Sold by
Historick Landmarks Foundation Of Indian
Bought by
Long Arm Llc
Seller's Agent
Ed Clere
Compass REALTORS, LLC
Buyer's Agent
Ed Clere
Compass REALTORS, LLC
List Price
$34,900
Sold Price
$15,000
Premium/Discount to List
-$19,900
-57.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.95%

Purchase Details

Closed on
Apr 17, 2006
Sold by
Battles Robert D and Battles Jean Z
Bought by
Historic Landmarks Foundation Of Indiana

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
Buick City Llc -- --
Long Arm Llc -- None Available
Historic Landmarks Foundation Of Indiana -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buick City Llc $280,000
Closed Buick City Llc $143,650
Closed Buick City Llc $143,650
Previous Owner Spring Street Investors Llc $93,500
Previous Owner Spring Street Investors Llc $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2012 10/05/12 Sold $15,000 -57.0% $6 / Sq Ft
08/02/2012 08/02/12 Pending -- -- --
04/11/2012 04/11/12 For Sale $34,900 -- $14 / 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 $2,188 $100,400 $7,900 $92,500
2023 $2,188 $102,500 $7,900 $94,600
2022 $2,212 $103,600 $7,900 $95,700
2021 $2,049 $95,200 $7,900 $87,300
2020 $2,052 $95,200 $7,900 $87,300
2019 $2,054 $95,200 $7,900 $87,300
2018 $2,045 $94,200 $7,900 $86,300
2017 $3,366 $102,100 $7,900 $94,200
2016 $2,022 $101,100 $7,900 $93,200
2014 $316 $15,800 $7,900 $7,900
2013 -- $79,200 $25,400 $53,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 201202589

Southern Indiana REALTORS® Association

APN: 22-05-02-800-722.000-008