See Home Value
$211,853*
House - Off Market

1832 Ekin Avenue

New Albany, IN 47150
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2820 Sqft
$135,000 - $163,000
Reference Base Price*
41.33%
Since Jun 1, 2020
National-US
Primary Model
Sold Sep 30, 2022
$262,500
$210,000 by Cefcu
Mortgage Due Oct 01, 2052
Sold Jul 02, 2020
$149,900
$119,920 by First Savings Bank
Mortgage Due Jun 25, 2035

About This Property

Are you looking for an instant money-making investment opportunity? Maybe just wanting a unique historical home? Either way, this home is perfect! Historical home in the heart of booming uptown New Albany! Enjoy local eateries, shopping, and entertainment located just minutes from this home. This unique home has the potential to bring in over $1800 a month in passive income and is priced to sell! With over 2800 sqft. this property has been utilized as a 4-plex featuring three one-bedroom units and one efficiency unit. Envision this as your personal home instead, this home will be an easy transition to single-family living. It is ready for your personal touch and can easily be converted! As your personal home, it would provide an oversized living room, large formal dining room, and roomy eat-in kitchen. The lower level rear unit could be the perfect mother-in-law suite or additional living area for older children. The options are limitless! Large yard provides off street parking, privacy, and the perfect space for entertaining. Furnace replaced in 2018 and new AC in 2020.  Don't miss out on this one of a kind opportunity! Call today for your private showing!

The manager has listed the unit size as 2820 square feet.
Unit Size
2,820Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$53
Property Type
House
Property Taxes
$2,209
HOA Dues
-
Year Built
1929

Price History

Date / Event Date Event Price
Aug 15, 2022 No longer available -
No longer available
Jul 31, 2022 Listed $279,900
Listed
Investors take notice! Immediate money-making investment property in the heart of booming uptown New Albany! This unique property brings in over $3000 in monthly income and is priced to sell! With over 2800 sqft. this property is a 4-plex featuring 2 one bedroom/ one bath long term units (tenants would like to stay) and 2 one bedroom/ one bath furnished short term suites including an active and successful Airbnb with bookings through the remainder of the year. Large yard provides off…
Jul 2, 2020 Sold $149,900
Sold
May 30, 2020 No longer available -
No longer available
May 27, 2020 Listed $149,900
Listed
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Total Rooms: 12
  • Bedroom Count: 4
  • 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: 705
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,187
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,820
  • Building Area: 2,820
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,820
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PLAT 359
  • Land Acres: 0.165
  • Standard Land Use Code: Triplex (3 units, any combination)
  • County Land Use Code: Structures (general)
  • Legal Description 1: P 359 LTS. 45-46

Ownership

  • Current Owner : RIXSTINE BENJAMIN ARTHUR
  • Previous Owner : SPINE PROPERTIES LLC
  • Owner Before Previous Owner: RAMSEY WENDY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: New Albany-Floyd County Consolidated Schools
  • Census Tract: 070302

Geography

  • Assessors Map Reference: 05-02-8E1-632
  • Account Number: 0086420010
  • District: 0005
  • Parcel: 22-05-02-800-006.000-008
  • Municipality: NEW ALBANY TOWNSHIP
  • Latitude: 38.2977
  • Longitude: -85.8069

    Address

  • Full Address: 1832 Ekin Ave
  • Address - House Number: 1832
  • Address - Street Name: Ekin
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: New Albany
  • Carrier Code: C016
  • 4-Digit Zip Code: 1774
  • Zip Code: 47150

Valuation

    Tax

  • Total Area: 3,525
  • Tax Year: 2022
  • Tax Amount: $2,538
  • Tax Rate Code Area: 8:NEW ALBA

    Appraisal Valuation

  • Standard Deviation: 0.2224
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 69
  • Final Value: 261,130
  • High Value: 319,207
  • Low Value: 203,053

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $210,000
  • First Open Lien Mortgage Lender: CEFCU
  • First Open Lien Mortgage Recording Date: Sep 30, 2022
  • First Open Lien Mortgage Loan Amount: $210,000
  • 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: Oct 01, 2052

    Market Valuation

  • Market Total Value: $135,300
  • Market Land Value: $12,700
  • Market Improvement Value: $122,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $135,300
  • Assessed Land Value: $12,700
  • Assessed Improvements Value: $122,600

    Sales

  • Current Sale Contract Date: Sep 15, 2022
  • Current Sale Recording Date: Sep 30, 2022
  • Current Sale Transaction ID: 11896622803
  • Current Sale Price: $262,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 11353
  • Previous Sale Recording Date: Jul 02, 2020
  • Previous Sale Contract Date: Jun 25, 2020
  • Previous Sale Amount: $149,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CEFCU
  • First Mortgage Transaction Date: Sep 30, 2022
  • First Mortgage Loan Amount: $210,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: FIRST SAVINGS BANK
  • Previous Mortgage Transaction Date: Jul 02, 2020
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $119,920
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 25, 2035



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
1 Bath
935 ft²
$160/ft²
$149,900 Nov 14, 2023
-
$85/mo
House
2 Beds
1 Bath
952 ft²
$147/ft²
$139,900 Dec 7, 2023
-
$372/mo

About New Albany


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Frequently Asked Questions

When was property at 1832 Ekin Avenue built and last sold?
The property at 1832 Ekin Avenue was built in 1929 and last sold on Sep 15, 2022 for $262,500.
How much is this home worth?
The estimated value of the home located at 1832 Ekin Avenue is $167,240.
What are some comparable homes to 1832 Ekin Avenue?
There are currently no comparable homes to 1832 Ekin Avenue.

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