NOT LISTED FOR SALE

523 E Elm St New Albany, IN 47150

Estimated Value: $263,000 - $283,067

3 Beds
2 Baths
1,401 Sq Ft
$196/Sq Ft Est. Value

Last Sold July 24, 2024

Last sale price $272,000 $194 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,657/month

4 Days on Market

Highlights

  • Open Floorplan
  • First Floor Utility Room
  • 1 Car Attached Garage
  • Covered Patio or Porch
  • Fenced Yard
  • Eat-In Kitchen

About This Home

As of July 2024

Welcome to your dream home in the heart of New Albany! This adorable 3-bedroom, 2- bathroom residence offers both convenience and comfort, making it the perfect place for your family. Only 5 years old, this home is a gem in a prime location, just a 2-minute walk from
restaurants, shops, and all the excitement of Harvest Homecoming. A Louisville commute is so easy with the Sherman Minton Bridge. As you step into this newly built home, you'll be greeted by a covered front porch, inviting you to relax and enjoy the neighborhood. The first floor includes two generously sized bedrooms, perfect for home office if needed. The primary ensuite, on the second floor, is a private retreat with a custom-designed walk-in closet and extra storage space in the utility room, ensuring you have plenty of room for all your
belongings. An attached 1-car garage adds a touch of luxury and convenience, a rare find in downtown New Albany. The backyard is a serene oasis, offering ample space that can be easily fenced for a dog, and you'll be amazed at how quiet and peaceful it is. Surrounded by charming homes built in the 1920s, this modern house provides the peace of mind that comes with a newer build—no need for updates or repairs. Move right in and enjoy a worry-free lifestyle in a home that's ready for you. Don't miss the chance to make this charming house your home. Schedule a viewing today and experience the perfect blend of modern living and small-town charm! Sellers added radon mitigation.

Last Agent to Sell the Property

Jennifer Phelps

RE/MAX Advantage License #RB23000523 Listed on: 06/25/2024

RE/MAX Advantage

Co-Listed By

Annette Coxon

RE/MAX Advantage License #RB14040301

Last Buyer's Agent

Barrett Goff

License #RB23000522

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,969

Year Built

  • Built in 2019

Lot Details

  • 5,663 Sq Ft Lot
  • Fenced Yard

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Frame Construction
  • Radon Mitigation System

Interior Spaces

  • 1,401 Sq Ft Home
  • 1.5-Story Property
  • Open Floorplan
  • Ceiling Fan
  • First Floor Utility Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 220503500182000008

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,969

Year Built

Built in 2019

Lot Details

0

Parking

1

Listing Details

  • Improvements: 168300
  • Additional Parking: Off Street
  • Annual Tax: 1969
  • Appointment: Mandatory
  • Construction: Existing, Frame On-Site
  • Land Assessment: 11200
  • Legal Description: P.93 E 20 X 120' L 1 OF B & 20 X 3 ST. P 93 L 14 & 48-B 20' 120' L A EX. 10' X 20' n
  • Open House Count: 1
  • Parcel Number: 220503500182000008
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 179500
  • Total Deduction Amnt: 98050
  • Total Finished Square Footage: 1401
  • Type: 1.5 Story
  • Year Built: 2019
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Above Grade Finished Sq Ft: 1338.00
  • Appliances: Dishwasher, Garage Door Opener, Range / Oven, Refrigerator
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Interior Amenities: 1st Floor Utility, Ceiling Fan(s), Eat-In Kitchen, Open Floor Plan, Pantry, Radon Mitigation Sys, Split Bedrooms
  • Lot Sq Ft: 5662.80
  • Room Count: 9
  • Sewer Type: Sewer
  • Total Sq Ft: 1338
  • Total Rooms: 7

Exterior Features

  • Exterior Features: Covered Patio, Covered Porch, Fenced Yard, Porch, Public Sidewalk

Garage/Parking

  • Garage Type: Attached
  • Garage Spaces: 1
  • Garage Yn: Yes

Utilities

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

Lot Info

  • Acres: 0.1300
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2024
Closed on
Jul 30, 2024
Sold by
Fatkin Adam and Fatkin Taylor
Bought by
Combs Phillip Bradley and Combs Tessa Hall
Seller's Agent
Jennifer Phelps
RE/MAX Advantage
Buyer's Agent
Barrett Goff
List Price
$272,000
Sold Price
$272,000
Views
29
Current Estimated Value
$274,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,017
Avg. Annual Appreciation
0.69%
Original Mortgage
$251,600
Outstanding Balance
$249,900
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$24,117

Purchase Details

Listed on
Apr 6, 2022
Closed on
May 13, 2022
Sold by
Lynn Colmore Amber
Bought by
Fatkin Adam and Fatkin Taylor
Seller's Agent
Michelle Schnell-Gammons
Buyer's Agent
Annette Coxon
RE/MAX Advantage
List Price
$239,900
Sold Price
$255,100
Premium/Discount to List
$15,200
6.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.96%
Original Mortgage
$247,447
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2019
Sold by
Millenium Builders Llc
Bought by
Colmore Amber Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,310
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2019
Sold by
Kanasola Jo A
Bought by
Millenium Builders Llc

Purchase Details

Closed on
Sep 26, 2018
Sold by
Department Of Redevelopment Co
Bought by
Millenium Builders Llc

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
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2014
Sold by
Reitsold Llc
Bought by
City Of New Albany

Purchase Details

Closed on
Jun 12, 2007
Sold by
Kalvisola Jo Ann
Bought by
Riley Charles Michael
Source: Public Records

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
Combs Phillip Bradley $272,000 None Listed On Document
Fatkin Adam -- Kemp Law Office Llc
Colmore Amber Lynn -- None Available
Millenium Builders Llc -- None Available
Millenium Builders Llc -- None Available
City Of New Albany -- --
Riley Charles Michael -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Combs Phillip Bradley $251,600
Previous Owner Fatkin Adam $247,447
Previous Owner Colmore Amber Lynn $158,600
Previous Owner Colmore Amber Lynn $158,310
Previous Owner Millenium Builders Llc $148,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2024 07/24/24 Sold $272,000 0.0% $194 / Sq Ft
06/29/2024 06/29/24 Pending -- -- --
06/25/2024 06/25/24 For Sale $272,000 +6.6% $194 / Sq Ft
05/13/2022 05/13/22 Sold $255,100 +6.3% $194 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
04/06/2022 04/06/22 For Sale $239,900 -- $183 / 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 $1,969 $179,500 $11,200 $168,300
2023 $1,969 $185,100 $11,200 $173,900
2022 $2,002 $188,400 $11,200 $177,200
2021 $1,292 $122,700 $11,200 $111,500
2020 $1,174 $118,400 $11,200 $107,200
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $200 $0 $0 $0
2014 $569 $28,100 $11,200 $16,900
2013 -- $26,900 $11,200 $15,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 202408923

Southern Indiana REALTORS® Association

APN: 22-05-03-500-182.000-008