NOT LISTED FOR SALE

1803 Culbertson Ave New Albany, IN 47150

Estimated Value: $180,000 - $232,000

3 Beds
2 Baths
1,744 Sq Ft
$122/Sq Ft Est. Value

Last Sold September 01, 2016

Last sale price $63,000 $36 Per Sq Ft

Est. 238% increase in value since last sale

Current estimated payment $1,387/month

21 Days on Market

Highlights

  • 2 Fireplaces
  • Slate Run Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of September 2016

Attention Investors! This fully occupied duplex is a cash cow! There is a 1br apartment on the 1st floor which is rented for $475 per month, and a 2br apartment on the 2nd floor which is rented for $550 per month. That's $1025 per month for a $69,900 investment! Where else can you get a 17.5% return??? Hurry- call today for your private showing! New furnace and a/c in the 2br apartment, new carpet, new paint, new water heater, new windows, and fully occupied. Separate utilities except water. Appliances remain in both units, tenant leases will remain in effect until they expire.

Last Agent to Sell the Property

Sandy Haenisch

RE/MAX FIRST License #RB14046800 Listed on: 07/15/2016

RE/MAX FIRST

Last Buyer's Agent

OUTSIDE AGENT

OUTSIDE COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,444

Year Built

  • Built in 1929

Lot Details

  • 3,485 Sq Ft Lot

Home Design

  • Frame Construction

Interior Spaces

  • 1,744 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Exterior Basement Entry
  • Basement Cellar

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 220502801965000008

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,444

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Improvements: 62300
  • Annual Tax: 1444
  • Appointment: Mandatory
  • Construction: Frame On-Site
  • Land Assessment: 9900
  • Legal Description: P.316 L.32
  • Numof Fireplaces: 2
  • Parcel Number: 220502801965000008
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 72200
  • Total Finished Square Footage: 1744
  • Type: 2 Story
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Water Heater: Natural Gas
  • Basement Type: Cellar, Outside Entrance
  • Above Grade Finished Sq Ft: 1744.00
  • Appliances: Range / Oven, Refrigerator
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Fireplace: Woodburning
  • Lot Measurement: Acres
  • Lot Sq Ft: 3485.00
  • Room Count: 7
  • Sewer Type: Sewer
  • Total Sq Ft: 1744
  • Total Rooms: 7

Garage/Parking

  • Garage Spaces: 0

Utilities

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

Lot Info

  • Acres: 0.0800
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2016
Closed on
Aug 26, 2016
Sold by
Djm Properties Llc
Bought by
Djl Investment Trust
Seller's Agent
Sandy Haenisch
RE/MAX FIRST
Buyer's Agent
OUTSIDE AGENT
OUTSIDE COMPANY
List Price
$69,000
Sold Price
$63,000
Premium/Discount to List
-$6,000
-8.7%
Current Estimated Value
$212,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,731
Avg. Annual Appreciation
12.66%

Purchase Details

Closed on
Sep 23, 2014
Sold by
Never Investments Llc
Bought by
Djm Properties Llc
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
Djl Investment Trust -- --
Djm Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Now Or Never Investments Llc $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2016 09/01/16 Sold $63,000 -8.7% $36 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
07/15/2016 07/15/16 For Sale $69,000 -- $40 / 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 $8,244 $137,000 $9,900 $127,100
2023 $8,244 $125,700 $9,900 $115,800
2022 $2,347 $109,900 $9,900 $100,000
2021 $2,072 $96,300 $9,900 $86,400
2020 $1,968 $91,300 $9,900 $81,400
2019 $2,041 $94,600 $9,900 $84,700
2018 $1,945 $89,600 $9,900 $79,700
2017 $1,880 $85,100 $9,900 $75,200
2016 $1,684 $84,200 $9,900 $74,300
2014 $1,432 $71,600 $9,900 $61,700
2013 -- $69,600 $9,900 $59,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 201604633

Southern Indiana REALTORS® Association

APN: 22-05-02-801-965.000-008