611 E Spring St New Albany, IN 47150
Estimated Value: $351,000 - $381,000
3
Beds
1.5
Baths
2,312
Sq Ft
$158/Sq Ft
Est. Value
Highlights
- 3 Fireplaces
- Formal Dining Room
- Entrance Foyer
- Bonus Room
- Porch
- Forced Air Heating and Cooling System
About This Home
As of March 2025ATTENTION INVESTORS AND ENTREPRENEURS!!! This Charming Historic Gem offers endless possibilities! This 2-story home is located in the heart of downtown New Albany. You have a highly visible front porch along busy East Spring St. The detailed architecture boasts quality craftsmanship and extensive millwork with original wide plank hardwood floors, built in bookcases, cabinetry and extensive crown moldings. The home offers 3 decorative fireplaces, beautiful bay window. The grand foyer leads to an open staircase and 3 large bedrooms/offices, a bonus room and an updated bathroom. The property has been completely preserved and offers multiple commercial uses. The home has 12 DEDICATED parking spaces and a beautiful garden area. Whether you are in the market to make this a fine restaurant, bar, professional office space or even a residence. It checks all the boxes.
Last Agent to Sell the Property
RE/MAX Advantage License #RB14045468 Listed on: 07/23/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,515
Year Built
- Built in 1864
Lot Details
- 0.28 Acre Lot
- Property is zoned Commercial, Historic District
Parking
- Off-Street Parking
Home Design
- Brick Foundation
- Frame Construction
Interior Spaces
- 2,312 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- 3 Fireplaces
- Blinds
- Entrance Foyer
- Formal Dining Room
- Bonus Room
- Basement
- Basement Cellar
Bedrooms and Bathrooms
- 3 Bedrooms
Outdoor Features
- Porch
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
- Multiple Phone Lines
Listing and Financial Details
- Assessor Parcel Number 220500200800000008
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 8, 2022
Sold by
Haddad-Sick Llc
Bought by
Frank Sharon Rae
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,600
Outstanding Balance
$279,948
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$90,581
Similar Homes in New Albany, IN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Frank Sharon Rae | $640,000 | Harpole John W |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Frank Sharon Rae | $297,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/14/2025 03/14/25 | Sold | $369,000 | -4.1% | $160 / Sq Ft |
| 01/29/2025 01/29/25 | Pending | -- | -- | -- |
| 10/16/2024 10/16/24 | Price Changed | $384,900 | -1.1% | $166 / Sq Ft |
| 07/23/2024 07/23/24 | For Sale | $389,000 | -- | $168 / Sq Ft |
Source: Southern Indiana REALTORS® Association
Tax History Compared to Growth
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 | $1,609 | $149,600 | $25,600 | $124,000 |
| 2023 | $1,609 | $152,500 | $25,600 | $126,900 |
| 2022 | $1,635 | $153,900 | $25,600 | $128,300 |
| 2021 | $2,776 | $95,300 | $25,600 | $69,700 |
| 2020 | $2,709 | $95,300 | $25,600 | $69,700 |
| 2019 | $2,623 | $95,300 | $25,600 | $69,700 |
| 2018 | $2,595 | $94,500 | $25,600 | $68,900 |
| 2017 | $2,628 | $94,200 | $25,600 | $68,600 |
| 2016 | $2,415 | $93,400 | $25,600 | $67,800 |
| 2014 | $1,491 | $74,000 | $25,500 | $48,500 |
| 2013 | -- | $72,600 | $25,600 | $47,000 |
Source: Public Records
Agents Affiliated with this Home
-
Teresa Moody
Seller's Agent in 2025
Teresa Moody
RE/MAX
(502) 295-6043
26 in this area
118 Total Sales
Map
Source: Southern Indiana REALTORS® Association
MLS Number: 202409546
APN: 22-05-00-200-800.000-008
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.
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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