2212 E Spring St New Albany, IN 47150
5
Beds
4
Baths
2,616
Sq Ft
6,098
Sq Ft Lot
Highlights
- Covered patio or porch
- Forced Air Heating and Cooling System
- 3-minute walk to Bicknell Park
- Slate Run Elementary School Rated A-
About This Home
As of May 2022Investors take notice. Here's your chance to own a 4-plex in a convenient New Albany location. Units 1 and 2 are 1 bedroom/1 bath units and are ready to rent. Unit 3 and 4 are ready for your finishing touches. Unit 3 when finished would be a 1 bed/1 bath and Unit 4 has the potential to be a 2 bed/1 bath. Seller is leaving all appliances currently in the property. This property features newer roof, gutters, and updated electrical. Put your finishing touches on this property and enter the world of passive income. 8 parking spaces available in back of property. BEING SOLD "AS IS".
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,316
Year Built
- Built in 1929
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 40x154
- Property is zoned Multi Family
Parking
- Off-Street Parking
Home Design
- Block Foundation
- Frame Construction
Interior Spaces
- 2,616 Sq Ft Home
- 1.5-Story Property
- Unfinished Basement
Kitchen
- Oven or Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Covered patio or porch
Utilities
- Forced Air Heating and Cooling System
- Gas Available
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 220502900934000008
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 2, 2022
Closed on
May 31, 2022
Sold by
Nathan Vircari Jeremy
Bought by
Fowler Real Estate Llc
Seller's Agent
Jeremy Ward
Ward Realty Services
Buyer's Agent
Chantel Treadway
RE/MAX Advantage
List Price
$185,000
Sold Price
$191,000
Premium/Discount to List
$6,000
3.24%
Total Days on Market
3
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,954
Avg. Annual Appreciation
4.30%
Original Mortgage
$180,000
Interest Rate
5%
Mortgage Type
Construction
Purchase Details
Closed on
Jul 26, 2019
Sold by
Collins Andrew
Bought by
Vicari Jeremy Nathan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
3.73%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 17, 2017
Closed on
Nov 9, 2017
Sold by
Bayview Loan Servicing Llc
Bought by
Mdm Management Llc
Seller's Agent
John Koerner
Property Advancement Realty
Buyer's Agent
Matthew McMahan
List Price
$69,900
Sold Price
$50,000
Premium/Discount to List
-$19,900
-28.47%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.46%
Purchase Details
Closed on
May 11, 2017
Sold by
Floyd County Sheriff
Bought by
Bayview Loan Servicing Llc
Map
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Similar Homes in New Albany, IN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $382,000 | Berkshire Law Llc | |
| Warranty Deed | -- | Freibert & Mattingly Title | |
| Warranty Deed | -- | Freibert & Mattingly Title | |
| Deed | -- | Fidelity Land Title | |
| Sheriffs Deed | $118,763 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $204,000 | New Conventional | |
| Closed | $180,000 | Construction | |
| Previous Owner | $403,513 | New Conventional | |
| Previous Owner | $101,250 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/31/2022 05/31/22 | Sold | $191,000 | +3.2% | $73 / Sq Ft |
| 05/05/2022 05/05/22 | Pending | -- | -- | -- |
| 05/02/2022 05/02/22 | For Sale | $185,000 | +270.0% | $71 / Sq Ft |
| 11/10/2017 11/10/17 | Sold | $50,000 | -20.5% | $16 / Sq Ft |
| 11/06/2017 11/06/17 | Pending | -- | -- | -- |
| 10/21/2017 10/21/17 | Price Changed | $62,900 | -10.0% | $20 / Sq Ft |
| 08/17/2017 08/17/17 | For Sale | $69,900 | -- | $22 / Sq Ft |
Source: Southern Indiana REALTORS® Association
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 | $5,853 | $203,200 | $13,900 | $189,300 |
| 2023 | $5,853 | $181,400 | $13,900 | $167,500 |
| 2022 | $3,611 | $169,100 | $13,900 | $155,200 |
| 2021 | $3,316 | $154,100 | $13,900 | $140,200 |
| 2020 | $3,175 | $147,300 | $13,900 | $133,400 |
| 2019 | $2,904 | $64,600 | $13,900 | $50,700 |
| 2018 | $1,387 | $63,900 | $13,900 | $50,000 |
| 2017 | $1,290 | $119,800 | $13,900 | $105,900 |
| 2016 | $2,691 | $118,600 | $13,900 | $104,700 |
| 2014 | $2,633 | $92,200 | $13,900 | $78,300 |
| 2013 | -- | $97,700 | $13,900 | $83,800 |
Source: Public Records
Source: Southern Indiana REALTORS® Association
MLS Number: 202208556
APN: 22-05-02-900-934.000-008
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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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