617 E 5th St New Albany, IN 47150
6
Beds
2
Baths
2,400
Sq Ft
3,920
Sq Ft Lot
About This Home
As of January 2025ATTENTION 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
Schuler Bauer Real Estate Services ERA Powered (N License #RB14043390 Listed on: 12/03/2024
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,341
Avg. Annual Appreciation
179.46%
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
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $85,000 | None Listed On Document | |
| Warranty Deed | $35,000 | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document | |
| Special Warranty Deed | -- | None Available | |
| Personal Reps Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $190,800 | New Conventional | |
| Closed | $172,500 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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
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 | $1,502 | $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
711 Total Sales
-
Jessica Ginn
J
Seller Co-Listing Agent in 2025
Jessica Ginn
Schuler Bauer Real Estate Services ERA Powered (N
(502) 938-5151
16 in this area
107 Total Sales
-
Alyssa Rodger
Buyer's Agent in 2025
Alyssa Rodger
(502) 457-3934
14 in this area
105 Total Sales
-
Patricia Harrison
Seller's Agent in 2024
Patricia Harrison
RE/MAX
(812) 989-4663
91 in this area
181 Total Sales
Map
Source: Southern Indiana REALTORS® Association
MLS Number: 2024012616
APN: 22-05-03-500-112.000-008
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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