NOT LISTED FOR SALE

4227 Reas Ln New Albany, IN 47150

Estimated Value: $186,000 - $222,000

2 Beds
1 Bath
1,360 Sq Ft
$153/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $215,000 $158 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,164/month

112 Days on Market

Highlights

  • 1.1 Acre Lot
  • Open Floorplan
  • Pole Barn
  • Grant Line School Rated A
  • Deck
  • Covered Patio or Porch

About This Home

As of December 2023

Lots of opportunity here! Start from scratch or use the existing structures. This property consists of 1.1 acres, a spacious 2 bedroom home and 35 X 34 pole barn with concrete floor and electricity. The home offers an updated kitchen with breakfast bar and dining area. The bath is also updated and has a step-in shower unit. Nice sized family room, utility closet and laundry/mechanical room. The clothes washer and dryer will remain. This home also features a covered patio and a deck. The carport and deck canopy will remain. Plenty of room here for growing a garden and much more. Perfect location for your in home business. Additional updates: Windows new 2018, roof new 2019, HVAC new 2020, water heater new 2022.

Last Agent to Sell the Property

Julie Gamble

Epique Realty License #58282 Listed on: 07/18/2023

Epique Realty

Co-Listed By

Savannah Gamble

JPAR Aspire License #RB20001715

Last Buyer's Agent

Ashley Brown

Homepage Realty License #RB22000573

Homepage Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $628

Year Built

  • Built in 1950

Lot Details

  • 1.1 Acre Lot
  • Property is zoned Industrial

Parking

  • 4 Car Detached Garage
  • Carport
  • Off-Street Parking

Home Design

  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1,360 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Decorative Fireplace
  • Blinds
  • Window Screens
  • Family Room
  • First Floor Utility Room
  • Crawl Space

Kitchen

  • Breakfast Bar
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Pole Barn

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 0052580090

Home Details

Home Type

Single Family

Est. Annual Taxes

$628

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Improvements: 50500
  • Additional Parking: Off Street
  • Annual Tax: 628
  • Appointment: Mandatory
  • Construction: Existing
  • Foundation: Concrete Block
  • Land Assessment: 48200
  • Legal Description: 15-2-6 PRT L 34 1.102 AC.
  • Numof Fireplaces: 1
  • Out Buildings: Pole Barn
  • Parcel Number: 0052580090
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 98700
  • Total Deduction Amnt: 59315
  • Total Finished Square Footage: 1360
  • Type: 1 Story
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Basement Type: Crawl Space
  • Above Grade Finished Sq Ft: 1360.00
  • Appliances: Clothes Dryer, Clothes Washer, Dishwasher
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Fireplace: Decorative
  • Interior Amenities: 1st Floor Master, 1st Floor Utility, Blinds, Breakfast Bar, Cable Wired, Family Room, Kitchen Island, Open Floor Plan, Split Bedrooms, Walk-In Closet(s)
  • Lot Sq Ft: 48003.12
  • Room Count: 8
  • Sewer Type: Sewer
  • Total Sq Ft: 1360
  • Total Rooms: 7

Exterior Features

  • Exterior Features: Covered Porch, Deck, Screens, Vinyl Siding

Garage/Parking

  • Garage Type: Carport, Detached, Pole Barn
  • Garage Spaces: 4
  • Garage Yn: Yes

Utilities

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

Lot Info

  • Acres: 1.1020
  • Zoning: Industrial

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2023
Closed on
Dec 28, 2023
Sold by
Mifflin Ronald R
Bought by
Ark Foundation Llc
Seller's Agent
Julie Gamble
Epique Realty
Buyer's Agent
Ashley Brown
Homepage Realty
List Price
$279,900
Sold Price
$215,000
Premium/Discount to List
-$64,900
-23.19%
Views
245
Current Estimated Value
$208,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,000
Avg. Annual Appreciation
-1.86%
Original Mortgage
$281,923
Interest Rate
7.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2017
Sold by
Mifflin Ronnie R
Bought by
New Albany City
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
Ark Foundation Llc $215,000 None Listed On Document
New Albany City $9,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Ark Foundation Llc $281,923
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Sold $215,000 -12.2% $158 / Sq Ft
11/07/2023 11/07/23 Pending -- -- --
09/25/2023 09/25/23 Price Changed $245,000 -12.5% $180 / Sq Ft
07/18/2023 07/18/23 For Sale $279,900 -- $206 / 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 $733 $136,000 $48,200 $87,800
2023 $733 $109,100 $48,200 $60,900
2022 $602 $98,700 $48,200 $50,500
2021 $506 $90,500 $48,200 $42,300
2020 $587 $96,000 $48,200 $47,800
2019 $557 $94,800 $48,200 $46,600
2018 $499 $92,400 $48,200 $44,200
2017 $596 $94,400 $49,600 $44,800
2016 $548 $93,900 $49,600 $44,300
2014 $719 $105,200 $49,600 $55,600
2013 -- $108,100 $49,600 $58,500
Source: Public Records

Agents Affiliated with this Home

  • Julie Gamble

    Seller's Agent in 2023

    Julie Gamble

    Epique Realty

    (502) 645-3293

    7 in this area

    107 Total Sales

    Julie Gamble
    Section Image
  • Savannah Gamble

    Seller Co-Listing Agent in 2023

    Savannah Gamble

    JPAR Aspire

    (502) 689-1833

    6 in this area

    63 Total Sales

    Savannah Gamble
    Section Image
  • Ashley Brown

    Buyer's Agent in 2023

    Ashley Brown

    Homepage Realty

    (502) 345-2830

    3 in this area

    150 Total Sales

    Ashley Brown
    Section Image
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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 202309063

Southern Indiana REALTORS® Association

APN: 22-05-01-400-002.000-007

Indiana Floyd County New Albany 47150

4227 Reas Ln, New Albany, IN

This home is located at 4227 Reas Ln, New Albany, IN 47150 since 18 July 2023 and is currently estimated at $208,000, approximately $152 per square foot. This property was built in 1950. 4227 Reas Ln is a home located in Floyd County with nearby schools including Grant Line 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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