NOT LISTED FOR SALE

506 Sherley St New Albany, IN 47150

Estimated Value: $174,000 - $200,000

3 Beds
2 Baths
1,852 Sq Ft
$101/Sq Ft Est. Value

Last Sold October 24, 2024

Last sale price $168,000 $91 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,037/month

53 Days on Market

Highlights

  • Open Floorplan
  • First Floor Utility Room
  • Eat-In Kitchen
  • Deck
  • Fenced Yard
  • 1-Story Property

About This Home

As of October 2024

Discover the potential of 506 Sherley St, a spacious 1852 sq ft home conveniently located off State St in New Albany. This residence features three generously sized bedrooms, two full bathrooms and ample closet space for all your storage needs. Solid surface flooring throughout adds durability and easy maintenance to the home. Enjoy the convenience of a carport to protect your vehicle from the elements. The property also offers a deck perfect for outdoor gatherings, and a fully fenced yard providing privacy and security. While the home does require some repairs, it offers a fantastic opportunity to customize and make it your own. Sold as is, this property is ready for your vision and creativity. Subject to third party approval.

Last Agent to Sell the Property

Stacie Thompson

RE/MAX Advantage License #RB14039171 Listed on: 07/31/2024

RE/MAX Advantage

Last Buyer's Agent

Scott Bohnert

85W Real Estate License #RB23001770

85W Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $694

Year Built

  • Built in 1929

Lot Details

  • 7,492 Sq Ft Lot
  • Lot Dimensions are 60x125
  • Street terminates at a dead end
  • Fenced Yard

Home Design

  • Frame Construction

Interior Spaces

  • 1,852 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Blinds
  • First Floor Utility Room
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Bathroom Rough-In
  • 2 Full Bathrooms
  • Ceramic Tile in Bathrooms

Parking

  • Carport
  • Driveway

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Short Sale
  • Assessor Parcel Number 220503401674000008

Home Details

Home Type

Single Family

Est. Annual Taxes

$694

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Annual Tax: 694
  • Appointment: Mandatory
  • Construction: Existing, Frame On-Site
  • Foundation: Crawl Space
  • Legal Description: P 347 W 1/2 L.18 & E 1/2 L.19
  • Lot Dimensions: 60x125
  • Parcel Number: 220503401674000008
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Short Sale: Yes
  • Total Finished Square Footage: 1852
  • Type: 1 Story
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Above Grade Finished Sq Ft: 1852.00
  • Appliances: Range / Oven
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Interior Amenities: 1st Floor Master, 1st Floor Utility, Bath Master, Bath Rough-In, Blinds, Ceiling Fan(s), Ceramic Bath, Eat-In Kitchen, Open Floor Plan, Pantry, Split Bedrooms
  • Lot Sq Ft: 7492.32
  • Sewer Type: Sewer
  • Total Sq Ft: 1852

Exterior Features

  • Exterior Features: Deck, Fenced Yard, Solid Surface Drive

Garage/Parking

  • Garage Type: Carport

Utilities

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

Lot Info

  • Acres: 0.1720
  • Lot Description: Dead End Street
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2024
Closed on
Oct 25, 2024
Sold by
Rausch Madison and Mattingly Madison
Bought by
Walker Paul E
Seller's Agent
Stacie Thompson
RE/MAX Advantage
Buyer's Agent
Scott Bohnert
85W Real Estate
List Price
$179,000
Sold Price
$168,000
Premium/Discount to List
-$11,000
-6.15%
Views
64
Current Estimated Value
$186,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,409
Avg. Annual Appreciation
9.91%
Original Mortgage
$148,000
Outstanding Balance
$146,549
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$39,860

Purchase Details

Listed on
Jul 27, 2021
Closed on
Aug 27, 2021
Sold by
Baird Misty
Bought by
Mattingly Madison
Seller's Agent
Daniel Pierce
eXp Realty, LLC
Buyer's Agent
Jill Whitehead
Homepage Realty
List Price
$194,900
Sold Price
$202,500
Premium/Discount to List
$7,600
3.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.74%
Original Mortgage
$198,829
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 3, 2019
Sold by
Mendoza Eric
Bought by
Baird Misty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2015
Sold by
Trash Out Llc
Bought by
Mendoza Eric

Purchase Details

Closed on
Jul 7, 2015
Sold by
Hall Michael A
Bought by
Trash Out Llc

Purchase Details

Closed on
Nov 2, 2009
Sold by
Lyle Geraldive R
Bought by
Hall M A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
4.9%
Mortgage Type
Purchase Money Mortgage
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
Walker Paul E $168,000 None Listed On Document
Mattingly Madison $405,000 None Available
Baird Misty -- Agency Title
Mendoza Eric -- --
Trash Out Llc -- --
Hall M A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walker Paul E $148,000
Previous Owner Mattingly Madison $198,829
Previous Owner Baird Misty $148,000
Previous Owner Hall M A $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/24/2024 10/24/24 Sold $168,000 -6.1% $91 / Sq Ft
09/22/2024 09/22/24 Pending -- -- --
09/14/2024 09/14/24 For Sale $179,000 0.0% $97 / Sq Ft
08/25/2024 08/25/24 Pending -- -- --
08/09/2024 08/09/24 Price Changed $179,000 -2.2% $97 / Sq Ft
07/31/2024 07/31/24 For Sale $183,000 -9.6% $99 / Sq Ft
08/27/2021 08/27/21 Sold $202,500 0.0% $109 / Sq Ft View Prior Sale
07/29/2021 07/29/21 Pending -- -- --
07/29/2021 07/29/21 Price Changed $202,500 +3.9% $109 / Sq Ft
07/27/2021 07/27/21 For Sale $194,900 -- $105 / 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 $677 $88,900 $13,800 $75,100
2023 $694 $90,600 $13,800 $76,800
2022 $750 $92,000 $13,800 $78,200
2021 $625 $85,100 $13,800 $71,300
2020 $576 $83,500 $13,800 $69,700
2019 $405 $73,100 $13,800 $59,300
2018 $673 $31,000 $13,800 $17,200
2017 $754 $31,000 $13,800 $17,200
2016 $801 $34,400 $13,800 $20,600
2014 $644 $32,200 $13,800 $18,400
2013 -- $30,500 $13,800 $16,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 202409732

Southern Indiana REALTORS® Association

APN: 22-05-03-401-674.000-008