$85,000
SOLD MAY 1, 2024

617 E 5th St New Albany, IN 47150

6 Beds
2 Baths
2,400 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$35 Per Sq Ft

29% Below List Price

4 Days on Market

About This Home

As of January 2025

Large Home or Duplex. Total 2400 sq ft. 5 rooms on each side, 3 bedrooms, 1 bath. Needs total rehab. Partial basement. Nice neighborhood. Walk to amenities of down town New Albany. Number of rooms, measurements & sq. ft. are not warranted. If critical buyer should certify.

Last Agent to Sell the Property

Patricia Harrison

RE/MAX FIRST License #RB14047603 Listed on: 04/14/2024

RE/MAX FIRST

Last Buyer's Agent

Jessica Ginn

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

Schuler Bauer Real Estate Services ERA Powered  (N

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,502

Year Built

  • Built in 1943

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 36 x 120

Home Design

  • Farm
  • Frame Construction

Interior Spaces

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

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 220503500112000008

Property Details

Property Type

Other

Est. Annual Taxes

$1,502

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Improvements: 61200
  • Annual Tax: 1502
  • Appointment: Not Needed
  • Construction: Frame On-Site
  • Land Assessment: 8800
  • Legal Description: Plat 85, S 1/2 L 11; N 1/2 L 11 #18
  • Lot Dimensions: 36 X 120
  • Parcel Number: 220503500112000008
  • Property Sub Type: Farm
  • Property Type: Residential/Farm
  • Total: 70000
  • Total Finished Square Footage: 2400
  • Type: 1 Story
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Water Heater: Natural Gas
  • Basement Type: Partial
  • Above Grade Finished Sq Ft: 2400.00
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 6
  • Lot Sq Ft: 3920.40
  • Room Count: 6
  • Sewer Type: Sewer
  • Total Sq Ft: 2400
  • Total Rooms: 5

Utilities

  • Fuel Type: Unknown
  • Heat Type: Unknown
  • 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
$303,341

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
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 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

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 $1,502 $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

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 202407143

Southern Indiana REALTORS® Association

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