NOT LISTED FOR SALE

510 E Main St New Albany, IN 47150

Estimated Value: $254,000 - $362,000

8 Beds
5 Baths
4,030 Sq Ft
$80/Sq Ft Est. Value

Last Sold November 10, 2021

Last sale price $285,000 $71 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,212/month

84 Days on Market

About This Home

As of November 2021

Check out this quad plex plus carriage house located on Historic Mansion Row in downtown New Albany. This generates great monthly income and is within walking distance to many restaurants, the Farmer's Market, shops, waterfront, and more. Situated close to highway for quick access to Louisville as well. Carriage house has newer appliances. Basement unit has been remodeled. Front of house has newer windows. Roof was replaced in 2015 and new roof on the back porch. Tenants pay gas and electric-individually metered. Showings must have 48 hours minimum notice. Square footage is approximate.

Last Listed By

Tammy Hogan

Lopp Real Estate Brokers License #RB14041563 Listed on: 07/08/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,488

Year Built

  • Built in 1929

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 43 x 120

Interior Spaces

  • 4,030 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 220500200790000008

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,488

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Improvements: 204800
  • Annual Tax: 2488
  • Appointment: Mandatory
  • Construction: Existing
  • Land Assessment: 14600
  • Legal Description: P 140 PARC 4 E 1/2 OF A 2 X 120' E
  • Lot Dimensions: 43 x 120
  • Parcel Number: 220500200790000008
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 219400
  • Total Finished Square Footage: 4030
  • Type: 2 Story
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Basement Type: Full
  • Above Grade Finished Sq Ft: 3120.00
  • Basement: Yes
  • Full Bathrooms: 5
  • Total Bathrooms: 5.00
  • Total Bedrooms: 8
  • Lot Sq Ft: 4791.60
  • Sewer Type: Sewer
  • Total Sq Ft: 4030

Utilities

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

Schools

  • School District: New Albany-Floyd Cty

Lot Info

  • Acres: 0.1100
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2021
Closed on
Nov 10, 2021
Sold by
New Leaf Design & Construction Llc
Bought by
Born Again Properties Llc
Seller's Agent
Tammy Hogan
Lopp Real Estate Brokers
Buyer's Agent
Mike Schoonover
Keller Williams Realty Consultants
List Price
$319,900
Sold Price
$285,000
Premium/Discount to List
-$34,900
-10.91%
Total Days on Market
84
Current Estimated Value
$322,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,313
Avg. Annual Appreciation
3.51%
Original Mortgage
$240,000
Outstanding Balance
$208,624
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$113,038

Purchase Details

Listed on
Jun 1, 2020
Closed on
Jun 18, 2020
Sold by
Polo Llc
Bought by
New Leaf Design & Construction Llc
Seller's Agent
Sara Taylor-Hughes
eXp Realty, LLC
Buyer's Agent
Tammy Hogan
Lopp Real Estate Brokers
List Price
$275,000
Sold Price
$247,500
Premium/Discount to List
-$27,500
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.60%

Purchase Details

Closed on
Sep 26, 2018
Sold by
Hughes Robert H
Bought by
Polo Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,525
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2016
Sold by
Payments Trust
Bought by
Hughes Robert H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,796
Interest Rate
3.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2013
Sold by
Charles R Murphy Atty
Bought by
Hughes Robert

Purchase Details

Closed on
Sep 25, 2007
Sold by
Barker Melvin E and Barker Annella
Bought by
Payments Trust

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
Born Again Properties Llc $570,000 None Available
New Leaf Design & Construction Llc -- None Available
Polo Llc -- None Available
Hughes Robert H -- --
Hughes Robert $125,000 --
Payments Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Born Again Properties Llc $240,000
Closed Born Again Properties Llc $240,000
Previous Owner New Leaf Design & Construction Llc $183,750
Previous Owner Polo Llc $15,000
Previous Owner Polo Llc $175,525
Previous Owner Hughes Robert H $80,796
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2021 11/10/21 Sold $285,000 -10.9% $71 / Sq Ft
09/30/2021 09/30/21 Pending -- -- --
09/07/2021 09/07/21 For Sale $319,900 0.0% $79 / Sq Ft
08/31/2021 08/31/21 Pending -- -- --
08/23/2021 08/23/21 Price Changed $319,900 -8.6% $79 / Sq Ft
08/09/2021 08/09/21 For Sale $350,000 0.0% $87 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $350,000 +41.4% $87 / Sq Ft
06/18/2020 06/18/20 Sold $247,500 -10.0% $61 / Sq Ft
06/06/2020 06/06/20 Pending -- -- --
06/01/2020 06/01/20 For Sale $275,000 -- $68 / 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 $5,095 $272,900 $14,600 $258,300
2023 $5,095 $238,700 $14,600 $224,100
2022 $5,149 $241,100 $14,600 $226,500
2021 $4,721 $219,400 $14,600 $204,800
2020 $4,271 $198,100 $14,600 $183,500
2019 $2,502 $116,000 $14,600 $101,400
2018 $2,487 $114,600 $14,600 $100,000
2017 $2,529 $114,500 $14,600 $99,900
2016 $2,268 $113,400 $14,600 $98,800
2014 $2,010 $100,500 $14,600 $85,900
2013 -- $98,000 $14,600 $83,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 202109057

Southern Indiana REALTORS® Association

APN: 22-05-00-200-790.000-008