NOT LISTED FOR SALE

703 E Main St New Albany, IN 47150

Estimated Value: $173,674 - $333,000

4 Beds
4 Baths
3,374 Sq Ft
$68/Sq Ft Est. Value

Last Sold January 29, 2014

Last sale price $87,500 $26 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $1,623/month

261 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • Ceiling Fan
  • Shed

About This Home

As of January 2014

Investors take note: this building is a cash cow! Quad-plex has four 1BR/1BTH units, stays rented (one tenant 22 years!) $1715 monthly income - seller pays water/sewer/trash/tax/insurance - tenants pay own gas/electric. Income nets $1,100 - $1200 per month (after management fee). Apts 1&2 had 90% HVAC (2010), Apts 3&4 have wall units. All have window a/c units, stove & fridge. Roof (2007), single layer, Gutters - except front (2009), Exterior staircase (2012). Per Seller, updates in the past include: exterior vinyl, romex wiring throughout, subfloors replaced. Corner lot, with shed, in Historic District. Units are in good condition, some exterior trim paint needed. Cellar holds furnaces and 4 water heaters, separate electric meters.

Last Listed By

Karen Elliott

RE/MAX FIRST License #RB14021200 Listed on: 05/02/2013

RE/MAX FIRST

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,313

Year Built

  • Built in 1929

Lot Details

  • 5,624 Sq Ft Lot
  • Lot Dimensions are 38 x 148
  • Corner Lot
  • Property is zoned Multi Family

Home Design

  • Brick Foundation
  • Frame Construction

Interior Spaces

  • 3,374 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Basement

  • Partial Basement
  • Sump Pump
  • Basement Cellar
  • Crawl Space

Outdoor Features

  • Shed

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 220500200829000008

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,313

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Improvements: 48600
  • Annual Tax: 1313
  • Appointment: Mandatory
  • Construction: Frame On-Site
  • Foundation: Brick (Solid)
  • Land Assessment: 16900
  • Legal Description: P178; Prt Lts 1 & 4
  • Lot Dimensions: 38 x 148
  • Numof Fireplaces: 0
  • Out Buildings: Shed
  • Parcel Number: 220500200829000008
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 65500
  • Total Finished Square Footage: 3374
  • Type: 2 Story
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Basement Type: Cellar, Crawl Space, Partial
  • Above Grade Finished Sq Ft: 3374.00
  • Appliances: Range / Oven, Refrigerator
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Interior Amenities: Cable Wired, Ceiling Fan(s), Sump Pump
  • Lot Measurement: Acres
  • Lot Sq Ft: 5624.00
  • Room Count: 6
  • Sewer Type: Sewer
  • Total Sq Ft: 3374
  • Total Rooms: 6

Exterior Features

  • Exterior Features: Public Sidewalk

Garage/Parking

  • Garage Spaces: 0

Utilities

  • Cooling Type: Window A/C Unit(s)
  • Fuel Type: Nat Gas
  • Heat Type: Forced Air
  • Water Type: Public Onsite

Schools

  • School District: New Albany-Floyd Cty

Lot Info

  • Acres: 0.1300
  • Lot Description: Corner Lot
  • Zoning: Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2017
Sold by
Hughes Robert H
Bought by
Historicrentals Llc
Total Days on Market
261
Current Estimated Value
$230,919

Purchase Details

Listed on
May 2, 2013
Closed on
Jan 29, 2014
Sold by
Baize William C
Bought by
Hughes Robert H
Seller's Agent
Karen Elliott
RE/MAX FIRST
Buyer's Agent
Karen Elliott
RE/MAX FIRST
List Price
$114,900
Sold Price
$87,500
Premium/Discount to List
-$27,400
-23.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.90%
Original Mortgage
$66,900
Interest Rate
4.55%
Mortgage Type
New Conventional

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
Historicrentals Llc -- --
Hughes Robert H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hughes Robert H $66,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2014 01/29/14 Sold $87,500 -23.8% $26 / Sq Ft
01/18/2014 01/18/14 Pending -- -- --
05/02/2013 05/02/13 For Sale $114,900 -- $34 / 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 $4,027 $118,700 $16,900 $101,800
2023 $4,027 $121,000 $16,900 $104,100
2022 $2,504 $116,900 $16,900 $100,000
2021 $2,320 $107,500 $16,900 $90,600
2020 $2,327 $107,600 $16,900 $90,700
2019 $2,334 $107,900 $16,900 $91,000
2018 $2,320 $106,600 $16,900 $89,700
2017 $2,365 $106,800 $16,900 $89,900
2016 $2,878 $143,600 $16,900 $126,700
2014 $1,338 $66,700 $16,900 $49,800
2013 -- $65,100 $16,900 $48,200
Source: Public Records

Agents Affiliated with this Home

  • Karen Elliott

    Seller's Agent in 2014

    Karen Elliott

    RE/MAX

    (502) 552-6780

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 201303269

Southern Indiana REALTORS® Association

APN: 22-05-00-200-829.000-008

Indiana Floyd County New Albany 47150

703 E Main St, New Albany, IN

Homes for Sale in New Albany, IN

This home is located at 703 E Main St, New Albany, IN 47150 since 02 May 2013 and is currently estimated at $230,919, approximately $68 per square foot. This property was built in 1929. 703 E Main St is a home located in Floyd County with nearby schools including S. Ellen Jones Elementary School, Nathaniel Scribner Middle School, and New Albany Senior High School.

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.

Southern Indiana REALTORS® Association 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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