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1010 East Spring Street

1010 East Spring Street, New Albany, IN 47150
House in New Albany
Sold May 31, 2019
$211,100
$168,884 by Stearns Lending Inc
Mortgage Due Jun 01, 2049
Sold Sep 29, 2017
$131,823
$131,823 by Fellowship Properties Llc
Mortgage Due Oct 10, 2018
Local assessors in New Albany, IN have categorized 1010 East Spring Street as a residential type of property. The home was built in 1850 and is 174 years old. The property's lot size has been calculated to be 5,968 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a triplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 12 rooms in the home. Of these, 6 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1010 East Spring Street has a total of 4,370 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 221 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Moving onto specific details regarding the building. Our sources show that the building condition is fair. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. The building has a roof that is made of asphalt. The home's a central heating system is the primary heating source and it is being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1010 East Spring Street was last sold in May 28, 2019 for $211,100. According to our calculations, that's $48.31 per sqft. Prior to that sales transaction, the property was sold for $131,823 in Sep 28, 2017. Current property owners are expected to pay $3,980 in taxes per year. The property on 1010 East Spring Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $204,200. To break that down further, the land itself was valued at $15,000. While improvements to the property were assessed at a total of $189,200. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

Off Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1850
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 17
  • Building Condition: Fair
  • Building Quality: C+
  • Construction Type: Wood
  • Building Style: Triplex
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 4
  • Basement Type: Partial basement
  • Basement Area: 221
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,968
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 4,370
  • Building Area: 4,370
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 4,370
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: UPPER SPG STREET 13
  • Land Acres: 0.137
  • Standard Land Use Code: Triplex (3 units, any combination)
  • County Land Use Code: Structures (general)
  • Legal Description 1: P 13 L 23 UP SPRING

Ownership

  • Current Owner : LOHSTROH SARA
  • Current Owner 2: HUELSMAN JACOB
  • Previous Owner : STADER SHANE
  • Previous Owner 2: STARK JEREMY
  • Owner Before Previous Owner: FELLOWSHIP PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: New Albany-Floyd County Consolidated Schools
  • Census Tract: 070400

Geography

  • Assessors Map Reference: 05-02-8E4-775
  • Account Number: 0086850089
  • District: 0005
  • Parcel: 22-05-02-800-530.000-008
  • Municipality: NEW ALBANY TOWNSHIP
  • Latitude: 38.2891
  • Longitude: -85.8131

    Address

  • Full Address: 1010 E Spring St
  • Address - House Number: 1010
  • Street Direction: E
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: IN
  • City Name: New Albany
  • Carrier Code: C002
  • 4-Digit Zip Code: 2960
  • Zip Code: 47150

Valuation

    Tax

  • Total Area: 4,591
  • Tax Year: 2023
  • Tax Amount: $3,980
  • Tax Rate Code Area: 8:NEW ALBA

    Appraisal Valuation

  • Standard Deviation: 0.1754
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 227,632
  • High Value: 267,561
  • Low Value: 187,704

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $168,884
  • First Open Lien Mortgage Lender: STEARNS LENDING INC
  • First Open Lien Mortgage Recording Date: May 31, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $168,884
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2049

    Market Valuation

  • Market Total Value: $204,200
  • Market Land Value: $15,000
  • Market Improvement Value: $189,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $204,200
  • Assessed Land Value: $15,000
  • Assessed Improvements Value: $189,200

    Sales

  • Current Sale Contract Date: May 28, 2019
  • Current Sale Recording Date: May 31, 2019
  • Current Sale Transaction ID: 11612200966
  • Current Sale Price: $211,100
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201908650
  • Previous Sale Recording Date: Sep 29, 2017
  • Previous Sale Contract Date: Sep 28, 2017
  • Previous Sale Amount: $131,823
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: STEARNS LENDING INC
  • First Mortgage Transaction Date: May 31, 2019
  • First Mortgage Loan Amount: $168,884
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2049

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: FELLOWSHIP PROPERTIES LLC
  • Previous Mortgage Transaction Date: Sep 29, 2017
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $131,823
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Oct 10, 2018

About New Albany



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Frequently Asked Questions

What neighborhood is 1010 East Spring Street located in?
The 1010 East Spring Street is a house located in the neighborhood of New Albany in New Albany, New Albany.
What is the average sales price for listings in 1010 East Spring Street?
The average sales price for units in 1010 East Spring Street is $175,000 , or $52/sqft. currently.

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