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215 Colonial Club Drive

215 Colonial Club Drive, New Albany, IN 47150
Property in New Albany
Sold Feb 24, 2022
$130,600
$104,500 by Jpmorgan Chase Bank Na
Mortgage Due Mar 01, 2052
Sold Oct 26, 2018
$67,700
$54,160 by First Harrison Bank
Mortgage
Local assessors in New Albany, IN have categorized 215 Colonial Club Drive as a residential type of property. The home was built in 1997 and is 27 years old. The property's lot size has been calculated to be 43,560 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis.

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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 4,840 sqft. There are 15 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 home has been utilizing gas for fuel. 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, 215 Colonial Club Drive sold most recently in Feb 23, 2022 for a total of $130,600. If you work out the math, that's approximately a cost of $7.34 per sqft. Before that, the property was also sold for $67,700 in Oct 25, 2018. 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 $1,756 in taxes each year. 215 Colonial Club Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $81,900. If we break it down further, the land itself was valued at $15,000. Improvements to the property, however, were assessed at a total of $66,900. 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.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: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Condo
  • Floor Count: 2
  • Living Units: 16
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 4,840
  • Parking Space Count: 15

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Frontage Feet: 0
  • Total Building Area: 17,800
  • Gross Building Area: 17,800
  • Building Area: 17,800
  • 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

  • Property Class: Residential
  • Subdivision: COLONIAL CLUB CONDO
  • Land Acres: 1
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: COLONIAL CLUB RES CONDOS BLDG 2 UNIT 215 1109 SQ FT PLAT 1180 PARENT PARCEL # 4730-038

Ownership

  • Current Owner : FRANCO JEREMY D
  • Previous Owner : JILL SCHULER
  • Owner Before Previous Owner: COLONIAL CLUB INVESTORS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: New Albany-Floyd County Consolidated Schools
  • Census Tract: 070301

Geography

  • Assessors Map Reference: 05-04-410-032
  • Account Number: 0084731037
  • District: 0005
  • Parcel: 22-05-04-400-420.037-008
  • Municipality: NEW ALBANY TOWNSHIP
  • Latitude: 38.3284
  • Longitude: -85.7988

    Address

  • Full Address: 215 Colonial Club Dr
  • Address - House Number: 215
  • Address - Street Name: Colonial Club
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: New Albany
  • Carrier Code: C034
  • 4-Digit Zip Code: 2471
  • Zip Code: 47150

Valuation

    Tax

  • Total Area: 17,800
  • Tax Year: 2023
  • Tax Amount: $1,756
  • Tax Rate Code Area: 8:NEW ALBA

    Appraisal Valuation

  • Standard Deviation: 0.4394
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 12
  • Final Value: 81,652
  • High Value: 117,535
  • Low Value: 45,768

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $104,500
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Feb 24, 2022
  • First Open Lien Mortgage Loan Amount: $104,500
  • 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: Mar 01, 2052

    Market Valuation

  • Market Total Value: $81,900
  • Market Land Value: $15,000
  • Market Improvement Value: $66,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $81,900
  • Assessed Land Value: $15,000
  • Assessed Improvements Value: $66,900

    Sales

  • Current Sale Contract Date: Feb 23, 2022
  • Current Sale Recording Date: Feb 24, 2022
  • Current Sale Transaction ID: 11880313247
  • Current Sale Price: $130,600
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2232
  • Previous Sale Recording Date: Oct 26, 2018
  • Previous Sale Contract Date: Oct 25, 2018
  • Previous Sale Amount: $67,700
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Feb 24, 2022
  • First Mortgage Loan Amount: $104,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: FIRST HARRISON BANK
  • Previous Mortgage Transaction Date: Oct 26, 2018
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $54,160
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About New Albany



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Frequently Asked Questions

What neighborhood is 215 Colonial Club Drive located in?
The 215 Colonial Club Drive is a located in the neighborhood of New Albany in New Albany, New Albany.
What is the average sales price for listings in 215 Colonial Club Drive?
The average sales price for units in 215 Colonial Club Drive is $0 currently.

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