Check Availability

213 Pearl Street

213 Pearl Street, New Albany, IN 47150
Commercial in Downtown New Albany
1 Units For Sale
Unit for sale at 213 Pearl Street, New Albany, IN 47150

$1,100,000

  • Commercial
  • 12,276 ft²
213 Pearl Street, New Albany, IN 47150 Listing by Mike Kopp

213 Pearl Street has been categorized by the local assessors in New Albany, IN as a residential type of property. The building on the property was first built in 1919 and is 105 years old. The building has a total of 4 stories. The linear feet between the front and back of the lot is 1,200 ft and across the front of the lot is 330 ft. The area measurement of the land has been determined as 3,920 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 4 code building. This code stands for "buildings that have wood or wood and steel frames.". Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. In terms of heating, the home is utilizing gas. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 213 Pearl Street sold most recently in Jan 2, 2019 for a total of $706,000. If you work out the math, that's approximately a cost of $56.26 per sqft. Before that, the property was also sold for $200,000 in Jun 15, 2017. 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 $6,785 in taxes each year. 213 Pearl Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $234,100. If we break it down further, the land itself was valued at $22,300. Improvements to the property, however, were assessed at a total of $211,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.

This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230206
02/06/2023
Loft
-
12276 ft²
$1,300,000
bedrooms
Loft
bathrooms
-
square feet
12276 ft²
-
-
-
Mike Kopp
RE/MAX Real Estate
20210802
08/02/2021
Loft
-
12276 ft²
$1,200,000
bedrooms
Loft
bathrooms
-
square feet
12276 ft²
-
-
-
Mike Kopp
RE/MAX Real Estate

Building Info

Overview

    General

  • Year Built: 1919
  • Effective Year Built: 1919
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Floor Count: 4
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,920
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 330
  • Total Building Area: 12,548
  • Gross Building Area: 12,548
  • Building Area: 12,548
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Building Type: Wood &/or steel frames
  • Property Class: Residential
  • Subdivision: UPPER 01 STREET 93
  • Land Acres: 0.09
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: P. 93 N 33.4' L. 12 TIF

Ownership

  • Current Owner : 213 PEARL LLC
  • Previous Owner : NU ALBANY LLC
  • Owner Before Previous Owner: NU ALBANY LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Dec 25, 2023

Neighborhood

  • School District Name: New Albany-Floyd County Consolidated Schools
  • Census Tract: 070500

Geography

  • Assessors Map Reference: 05-00-2SA-080
  • Account Number: 0087810017
  • District: 0005
  • Parcel: 22-05-00-200-317.000-008
  • Municipality: NEW ALBANY TOWNSHIP
  • Latitude: 38.2842
  • Longitude: -85.8225

    Address

  • Full Address: 213 Pearl St
  • Address - House Number: 213
  • Address - Street Name: Pearl
  • Address - Suffix Type: St
  • State: IN
  • City Name: New Albany
  • Carrier Code: C004
  • 4-Digit Zip Code: 3415
  • Zip Code: 47150

Valuation

    Tax

  • Total Area: 12,276
  • Tax Year: 2023
  • Tax Amount: $6,785
  • Tax Rate Code Area: 8:NEW ALBA

    Appraisal Valuation

  • Standard Deviation: 0.4394
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 12
  • Final Value: 214,107
  • High Value: 308,200
  • Low Value: 120,013

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $580,000
  • First Open Lien Mortgage Lender: FIRST FINANCIAL BANK FSB
  • First Open Lien Mortgage Recording Date: Aug 31, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $580,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Aug 30, 2026

    Market Valuation

  • Market Total Value: $234,100
  • Market Land Value: $22,300
  • Market Improvement Value: $211,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $234,100
  • Assessed Land Value: $22,300
  • Assessed Improvements Value: $211,800

    Sales

  • Current Sale Contract Date: Jan 02, 2019
  • Current Sale Recording Date: Jan 04, 2019
  • Current Sale Transaction ID: 11558112219
  • Current Sale Price: $706,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201900088
  • Previous Sale Recording Date: Jun 15, 2017
  • Previous Sale Contract Date: Jun 15, 2017
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: GERMAN AMERICAN BANK CORP
  • First Mortgage Transaction Date: Jan 04, 2019
  • First Mortgage Loan Amount: $564,800
  • First Mortgage Terms: 125
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 02, 2029

    Financing

  • First Mortgage Financing Type: Variable

About New Albany



Similar Buildings

Commercial at 213 Pearl Street,

222 Pearl Street

  • 1 Unit for Sale
  • 4 Stories
222 Pearl Street, New Albany, IN 47150
Commercial at 213 Pearl Street,

141 East Main Street

  • 1 Unit for Sale
141 East Main Street, New Albany, IN 47150
Commercial at 213 Pearl Street,

421 West 1st Street

  • 1 Unit for Sale
  • 2 Stories
421 West 1st Street, New Albany, IN 47150
Commercial at 213 Pearl Street,

504 East Main Street

  • 1 Unit for Sale
  • 2 Stories
504 East Main Street, New Albany, IN 47150
Commercial at 213 Pearl Street,

521 East 5th Street

  • 1 Unit for Sale
  • 1 Story
521 East 5th Street, New Albany, IN 47150
Commercial at 213 Pearl Street,

616 East Elm Street

  • 1 Unit for Sale
616 East Elm Street, New Albany, IN 47150
Commercial at 213 Pearl Street,

625 East 8th Street

  • 1 Unit for Sale
  • 1 Story
625 East 8th Street, New Albany, IN 47150
Commercial at 213 Pearl Street,

155 Cherry Street

  • 1 Unit for Sale
  • 1 Story
155 Cherry Street, New Albany, IN 47150
Commercial at 213 Pearl Street,

932 State Street

  • 1 Unit for Sale
  • 1 Story
932 State Street, New Albany, IN 47150

Nearby Rentals

Unit for rent at 1405 Mcdonald Ave, New Albany, IN, 47150

$825 /mo

  • 2 Beds
  • 1 Bath
1405 Mcdonald Ave #1405 McDonald Ave - #3, New Albany, IN, 47150 Listing by Manager
Unit for rent at 2227 & 2229 Spring Ave, New Albany, IN, 47150

$830 /mo

  • 2 Beds
  • 1 Bath
  • 705 ft²
2227 & 2229 Spring Ave #2227 Spring Ave # 3, New Albany, IN, 47150 Listing by Spring Manor Apartments
Unit for rent at 117 N 29th Street, Louisville, KY, 40212

$830 /mo

  • 1 Bed
  • 1 Bath
117 N 29th Street, Louisville, KY, 40212 Listing by Manager
Unit for rent at 3610 Del Park Ter, Louisville, KY, 40211

$800 /mo

  • 1 Bed
  • 1 Bath
3610 Del Park Ter #3614 Del Park Ter. #6- Del Park #6, Louisville, KY, 40211 Listing by Manager

Frequently Asked Questions

What neighborhood is 213 Pearl Street located in?
The 213 Pearl Street is a commercial located in the neighborhood of Downtown New Albany in New Albany, New Albany.
How many listings are currently for sale in 213 Pearl Street?
There is a listing currently on the market for sale.
What is the average sales price for listings in 213 Pearl Street?
The average sales price for units in 213 Pearl Street is $1,100,000 , or $90/sqft. currently.

Quantcast