NOT LISTED FOR SALE

617 E 5th St New Albany, IN 47150

Estimated Value: $162,000 - $350,000

6 Beds
2 Baths
2,400 Sq Ft
$119/Sq Ft Est. Value

Last Sold January 17, 2025

Last sale price $300,000 $125 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $1,630/month

6 Days on Market

About This Home

As of January 2025

ATTENTION INVESTORS! This fully renovated 6-bedroom, 2-bathroom duplex offers 2,400 sq. ft. of living space, divided into two 3-bedroom, 1-bathroom units (1,200 sq. ft. each). Every detail has been upgraded, including a NEW roof, gutters, windows, siding, TWO water heaters, TWO HVAC systems, TWO electrical panels, and complete rewiring. Luxury features include tile showers, LVP flooring throughout, granite and quartz countertops, new cabinets, and modern appliances. Both units are leased through August 2025, generating a total monthly rental income of $3,100. With impeccable upgrades, reliable tenants, and fantastic cash flow, this turn-key property is a rare opportunity to effortlessly grow your portfolio and enjoy peace of mind.

Last Agent to Sell the Property

Troy Stiller

Schuler Bauer Real Estate Services ERA Powered (N License #RB14043390 Listed on: 12/03/2024

Schuler Bauer Real Estate Services ERA Powered (N

Co-Listed By

Jessica Ginn

Schuler Bauer Real Estate Services ERA Powered (N License #RB18001141

Last Buyer's Agent

Alyssa Rodger

License #RB17001325

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,502

Year Built

  • Built in 1943

Lot Details

  • 3,920 Sq Ft Lot

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Gas Available
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 220503500112000008

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,502

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Annual Tax: 1502
  • Appointment: Mandatory
  • Construction: Existing
  • Legal Description: P 85 S1/2 L11 / N 1/2 L.11 #18
  • Parcel Number: 220503500112000008
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total Finished Square Footage: 2400
  • Type: 1 Story
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Above Grade Finished Sq Ft: 2400.00
  • Appliances: Dishwasher, Microwave, Range / Oven, Refrigerator
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 6
  • Lot Sq Ft: 3920.40
  • Sewer Type: Sewer
  • Total Sq Ft: 2400

Utilities

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

Lot Info

  • Acres: 0.0900
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2024
Closed on
May 2, 2024
Sold by
Roberts Stephen
Bought by
Elite Capital Investments Llc
Seller's Agent
Patricia Harrison
RE/MAX FIRST
Buyer's Agent
Jessica Ginn
Schuler Bauer Real Estate Services ERA Powered (N
List Price
$120,000
Sold Price
$85,000
Premium/Discount to List
-$35,000
-29.17%
Views
16
Current Estimated Value
$285,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,606
Avg. Annual Appreciation
117.47%
Original Mortgage
$172,500
Interest Rate
6.21%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 21, 2024
Sold by
Popp Anthony R
Bought by
Roberts Stephen

Purchase Details

Closed on
Jan 22, 2024
Sold by
Harn Jerrie Lee
Bought by
Popp Anthony R

Purchase Details

Closed on
Aug 17, 2011
Sold by
Kirchoff Keith Allen and Nole Kathy Rae
Bought by
Roberts Michael A

Purchase Details

Closed on
Mar 18, 2008
Sold by
Roberts Michael A and Kirchoff Norman R
Bought by
Kirchoff Kathy Allen and Nole Kathy Rae
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Elite Capital Investments Llc -- None Listed On Document
Elite Capital Investments Llc $85,000 None Listed On Document
Roberts Stephen $35,000 None Listed On Document
Popp Anthony R -- None Listed On Document
Roberts Michael A -- None Available
Kirchoff Kathy Allen -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elite Capital Investments Llc $190,800
Closed Elite Capital Investments Llc $172,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/17/2025 01/17/25 Sold $300,000 -3.2% $125 / Sq Ft
12/09/2024 12/09/24 Pending -- -- --
12/03/2024 12/03/24 For Sale $310,000 +264.7% $129 / Sq Ft
05/01/2024 05/01/24 Sold $85,000 -29.2% $35 / Sq Ft View Prior Sale
04/18/2024 04/18/24 Pending -- -- --
04/14/2024 04/14/24 For Sale $120,000 -- $50 / 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 $1,459 $68,700 $8,800 $59,900
2023 $1,502 $70,000 $8,800 $61,200
2022 $1,530 $71,200 $8,800 $62,400
2021 $1,424 $65,800 $8,800 $57,000
2020 $1,395 $64,400 $8,800 $55,600
2019 $1,276 $58,900 $8,800 $50,100
2018 $1,270 $58,300 $8,800 $49,500
2017 $1,290 $58,200 $8,800 $49,400
2016 $1,161 $57,800 $8,800 $49,000
2014 $1,070 $53,500 $8,800 $44,700
2013 -- $55,000 $8,800 $46,200
Source: Public Records

Agents Affiliated with this Home

  • Troy Stiller

    Seller's Agent in 2025

    Troy Stiller

    Schuler Bauer Real Estate Services ERA Powered (N

    (812) 987-6574

    72 in this area

    698 Total Sales

    Troy Stiller
    Section Image

  • J

    Seller Co-Listing Agent in 2025

    Jessica Ginn

    Schuler Bauer Real Estate Services ERA Powered (N

    (502) 938-5151

    17 in this area

    106 Total Sales

    Jessica Ginn
    Section Image
  • Alyssa Rodger

    Buyer's Agent in 2025

    Alyssa Rodger

    (502) 457-3934

    13 in this area

    101 Total Sales

    Alyssa Rodger
    Section Image
  • Patricia Harrison

    Seller's Agent in 2024

    Patricia Harrison

    RE/MAX

    (812) 989-4663

    84 in this area

    157 Total Sales

    Patricia Harrison
    Section Image
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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 2024012616

Southern Indiana REALTORS® Association

APN: 22-05-03-500-112.000-008

Indiana Floyd County New Albany 47150

617 E 5th St, New Albany, IN

Not Listed for Sale

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