$247,500
SOLD JUN 18, 2020

510 E Main St New Albany, IN 47150

8 Beds
5 Baths
4,030 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$61 Per Sq Ft

10% Below List Price

5 Days on Market

About This Home

As of November 2021

5 Plex on Historic Mansion Row in the heart of booming downtown New Albany. Walking distance to Farmer's Market, restaurants, and shops. Monthly Rent=Unit 1 - $400 currently,2 bedroom (basement unit was previously rented for $550)/ Unit 2 first floor, 3 bedroom - $775/ Unit 3-1 bedroom, 2nd floor - $550/ Unit 4, 1 bedroom, second floor - $425 (market for unit closer to $450 - $500)/ Carriage House-1 bedroom - $600. Carriage house has new appliances. Front of house has all new windows. New roof in 2015. Tenants pay gas and electric-individually metered. Showings must have 48 hours minimum notice. Square footage is approximate.

Last Agent to Sell the Property

Sara Taylor-Hughes

eXp Realty, LLC License #RB18001038

eXp Realty, LLC

Last Buyer's Agent

Tammy Hogan

Lopp Real Estate Brokers License #RB14041563

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,503

Year Built

  • Built in 1929

Lot Details

  • 5,227 Sq Ft Lot
  • Property is zoned Historic District, Multi Family

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

  • Window Unit Cooling System
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 220500200790000008

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,503

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Improvements: 101400
  • Additional Assessor Parcel Numbers: 008-80900-03
  • Annual Tax: 2503
  • Appointment: Mandatory
  • Construction: Existing
  • Land Assessment: 14600
  • Legal Description: P 140; PARC 4; E 1/2 OF A 2 X 120' E
  • Parcel Number: 220500200790000008
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 116000
  • 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: 5227.20
  • Sewer Type: Sewer
  • Total Sq Ft: 4030

Utilities

  • Cooling Type: Window A/C Unit(s)
  • Fuel Type: Unknown
  • Heat Type: Forced Air
  • Water Type: Public Onsite

Lot Info

  • Acres: 0.1200
  • Zoning: Historic District, Multi Family

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
5
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

Map

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 Type Sale Price Title Company
Warranty Deed $570,000 None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- --
Deed $125,000 --
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $240,000 New Conventional
Closed $240,000 New Conventional
Previous Owner $183,750 New Conventional
Previous Owner $15,000 New Conventional
Previous Owner $175,525 New Conventional
Previous Owner $80,796 Commercial
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

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

Source: Southern Indiana REALTORS® Association

MLS Number: 202008142

Southern Indiana REALTORS® Association

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