NOT LISTED FOR SALE

714 E Main St New Albany, IN 47150

Estimated Value: $759,000 - $1,161,000

8 Beds
7 Baths
14,688 Sq Ft
$68/Sq Ft Est. Value

Last Sold April 19, 2021

Last sale price $800,000 $54 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $6,402/month

136 Days on Market

Highlights

  • Second Kitchen
  • 0.7 Acre Lot
  • Main Floor Primary Bedroom
  • River View
  • Recreation Room
  • Hydromassage or Jetted Bathtub

About This Home

As of April 2021

A rare opportunity to own either one or a pair (710 and 714 E Main St) of 19th century beauties on New Albany’s historic Mansion Row. This 14,000sf masterpiece merges French Second Empire and Itialianate architecture identified by its Mansard roofs, porches, intricate wrought iron railings and beautiful bay windows. The stone facade accents elaborate window hoods and countless scrolling cornices. A grand foyer leads to a ballroom sized living room, handsome library and formal dining room fit for royalty. These magnificent rooms with 13’ ceilings feature architectural wonders including pier mirrors flanked by elongated windows, 11’ elegant doors, bronze hardware, hand sculpted plaster molding, abundant chandeliers and 14 original fireplaces. With at least 7 bedrooms, 6 baths, a thoroughly modern kitchen, and a third-floor apartment the possibilities are endless! The walk-out basement is full of function with a second kitchen, a caretaker’s space, utility garage and three spare rooms. The grounds are gorgeous with mature landscaping, wrought iron fence, artful pillars, and sculpture accents. No expense was spared in the restoration of the architecture, the updates to the infrastructure, and the annual maintenance. The time has come for a new steward to love this iconic home and perhaps a fresh idea for a new purpose. Think boutique hotel, short term rental, event space, residential or even a unique office space. Homes are listed & sold separately.

Last Listed By

Paul Kiger

RE/MAX Advantage License #RB14035922 Listed on: 09/29/2020

RE/MAX Advantage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,902

Year Built

  • Built in 1870

Lot Details

  • 0.7 Acre Lot
  • Lot Dimensions are 110x280
  • Gated Home
  • Landscaped
  • Garden
  • Property is zoned Multi Family

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Property Views

  • River
  • Scenic Vista
  • Park or Greenbelt

Home Design

  • Frame Construction
  • Wood Siding

Interior Spaces

  • 14,688 Sq Ft Home
  • 3-Story Property
  • Built-in Bookshelves
  • 9 Fireplaces
  • Decorative Fireplace
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Den
  • Recreation Room

Kitchen

  • Second Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • Hydromassage or Jetted Bathtub
  • Ceramic Tile in Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Home Security

  • Home Security System
  • Intercom
  • Motion Detectors

Outdoor Features

  • Balcony
  • Covered patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Power Generator
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 220500200719000008

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,902

Year Built

Built in 1870

Lot Details

0

Parking

2

Listing Details

  • Improvements: 665000
  • Additional Parking: Off Street
  • Annual Tax: 7902
  • Appointment: Mandatory
  • Construction: Existing, Frame On-Site
  • Foundation: Unknown
  • Land Assessment: 55000
  • Legal Description: P.93 L.1 & W 45' L.2 OF F UP HIGH
  • Lot Dimensions: 110x280
  • Numof Fireplaces: 9
  • Parcel Number: 220500200719000008
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Subdivision Yn: Yes
  • Total: 720000
  • Total Deduction Amnt: 269125
  • Total Finished Square Footage: 14688
  • Type: 3 Story
  • Year Built: 1870
  • Special Features: None

Interior Features

  • Water Heater: Natural Gas
  • Basement Type: Finished, Full, Walkout
  • Above Grade Finished Sq Ft: 9840.00
  • Appliances: Dishwasher, Disposal, Garage Door Opener, Generator, Microwave, Range / Oven, Refrigerator
  • Basement: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bathrooms: 7.00
  • Total Bedrooms: 8
  • Fireplace: Decorative
  • Interior Amenities: 1st Floor Master, Bath Master, Built-In Bookcase, Ceramic Bath, Den/Office, Family Room, Formal Dining Rm, Foyer, Intercom System, Jetted Tub, Kitchen Island, Rec Room, Second Kitchen, Security System
  • Lot Sq Ft: 30492.00
  • Room Count: 7
  • Sewer Type: Sanitary Onsite
  • Total Sq Ft: 14688
  • Total Rooms: 7

Exterior Features

  • Exterior Features: Balcony, Covered Porch, Landscaped, Motion Detectors, Patio, Paved Driveway, Porch, Public Sidewalk, Wood

Garage/Parking

  • Garage Type: Attached, Side Entry
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

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

Schools

  • School District: New Albany-Floyd Cty

Lot Info

  • Acres: 0.7000
  • Lot Description: Garden Area, Gated Entry, Park-Like View, River View, Scenic View
  • Zoning: Residential, Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2020
Closed on
Apr 19, 2021
Sold by
Conway Allen
Bought by
Tinsley Eddie
Seller's Agent
Paul Kiger
Coldwell Banker McMahan
Buyer's Agent
Diamond Shirley
List Price
$749,000
Sold Price
$800,000
Premium/Discount to List
$51,000
6.81%
Total Days on Market
136
Current Estimated Value
$994,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,233
Avg. Annual Appreciation
5.47%
Original Mortgage
$211,750
Outstanding Balance
$179,625
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$814,608

Purchase Details

Closed on
Oct 24, 2019
Sold by
Hicks Marital Trust
Bought by
Hicks Credit Shelter Trust

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
Tinsley Eddie -- None Available
Hicks Credit Shelter Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tinsley Eddie $211,750
Open Tinsley Eddie $548,250
Closed Tinsley Eddie $548,250
Closed Tinsley Eddie $211,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2021 04/19/21 Sold $800,000 +6.8% $54 / Sq Ft
02/12/2021 02/12/21 Pending -- -- --
09/29/2020 09/29/20 For Sale $749,000 -- $51 / 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 $10,356 $800,000 $55,000 $745,000
2023 $10,356 $817,000 $55,000 $762,000
2022 $8,536 $786,400 $55,000 $731,400
2021 $7,878 $720,000 $55,000 $665,000
2020 $15,522 $720,000 $55,000 $665,000
2019 $15,533 $720,000 $55,000 $665,000
2018 $7,752 $701,500 $55,000 $646,500
2017 $11,541 $700,200 $55,000 $645,200
2016 $6,931 $693,100 $55,000 $638,100
2014 $2,776 $277,600 $55,000 $222,600
2013 -- $270,300 $55,000 $215,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 2020010960

Southern Indiana REALTORS® Association

APN: 22-05-00-200-719.000-008