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1512 East Spring Street

1512 East Spring Street, New Albany, IN 47150
Commercial in New Albany
Sold Dec 30, 2022
$190,394
$229,500 by Independence Bank Of Kentucky
Mortgage Due Jun 09, 2053
Sold Mar 01, 2021
$76,900
$61,500 by New Washington State Bank
Mortgage
1512 East Spring Street in New Albany, IN was first built in 1929 and is 95 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 1512 East Spring Street has 1,216 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 128 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 250 ft and the linear feet between the front and back of the lot is 1,200. In total, the area measurement of the land is 2,614 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a water system. The property is connected to a sewer system. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D+. The condition of the building has been evaluated as average. As for heating, the home is utilizing a central heating system and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1512 East Spring Street sold most recently in Dec 30, 2022 for a total of $190,394. If you work out the math, that's approximately a cost of $156.57 per sqft. Before that, the property was also sold for $76,900 in Feb 26, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,829 in taxes each year. The initial year of tax delinquency occurred in 2022. 1512 East Spring Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $63,100. If we break it down further, the land itself was valued at $14,300. Improvements to the property, however, were assessed at a total of $48,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: D+
  • Construction Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Partial basement
  • Basement Area: 128
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,614
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,216
  • Building Area: 1,216
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,216
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.06
  • Standard Land Use Code: Single family residential
  • Legal Description 1: P. 13 E 25' L. 81

Ownership

  • Current Owner : CHANEL NICOLE INVESTMENT GROUP LLC
  • Previous Owner : WILSON MICHELE
  • Owner Before Previous Owner: SPALDING VICKIE L
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Geography

  • Assessors Map Reference: 05-02-8E4-738
  • Account Number: 0086860114
  • District: 0005
  • Parcel: 22-05-02-800-655.000-008
  • Municipality: NEW ALBANY TOWNSHIP
  • Latitude: 38.2916
  • Longitude: -85.8086

    Address

  • Full Address: 1512 E Spring St
  • Address - House Number: 1512
  • Street Direction: E
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: IN
  • City Name: New Albany
  • Carrier Code: C014
  • 4-Digit Zip Code: 2844
  • Zip Code: 47150

Valuation

    Tax

  • Total Area: 1,344
  • Tax Year: 2023
  • Tax Amount: $1,829
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 8:NEW ALBA

    Appraisal Valuation

  • Standard Deviation: 0.2561
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 63
  • Final Value: 177,027
  • High Value: 222,368
  • Low Value: 131,687

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $229,500
  • First Open Lien Mortgage Lender: INDEPENDENCE BANK OF KENTUCKY
  • First Open Lien Mortgage Recording Date: Jun 09, 2023
  • First Open Lien Mortgage Loan Amount: $229,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 09, 2053

    Market Valuation

  • Market Total Value: $63,100
  • Market Land Value: $14,300
  • Market Improvement Value: $48,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $63,100
  • Assessed Land Value: $14,300
  • Assessed Improvements Value: $48,800

    Sales

  • Current Sale Contract Date: Dec 30, 2022
  • Current Sale Recording Date: Dec 30, 2022
  • Current Sale Transaction ID: 11900170225
  • Current Sale Price: $190,394
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 14115
  • Previous Sale Recording Date: Mar 01, 2021
  • Previous Sale Contract Date: Feb 26, 2021
  • Previous Sale Amount: $76,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: RIVER CITY BANK INC
  • First Mortgage Transaction Date: Dec 30, 2022
  • First Mortgage Loan Amount: $143,154
  • First Mortgage Terms: 5
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Jun 30, 2023

    Previous Mortgages

  • Previous Mortgage Lender: NEW WASHINGTON STATE BANK
  • Previous Mortgage Transaction Date: Mar 01, 2021
  • Previous Mortgage Loan Amount: $61,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

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Frequently Asked Questions

What neighborhood is 1512 East Spring Street located in?
The 1512 East Spring Street is a commercial located in the neighborhood of New Albany in New Albany, New Albany.
What is the average sales price for listings in 1512 East Spring Street?
The average sales price for units in 1512 East Spring Street is $0 currently.

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