See Home Value
$121,073*
House - Off Market

2574 Lynn Court

New Albany, IN 47150
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2150 Sqft
$108,000 - $130,000
Reference Base Price*
1.74%
Since May 1, 2023
National-US
Primary Model
Sold May 11, 2023
Transfer
Sold May 11, 2023
Transfer

About This Property

Triplex, with Great Investment Opportunity! Each unit is separately metered. The property is located off Charlestown Rd near shopping and restaurants. Only one unit is currently rented (month to month), well below market rates.  Other two units are vacant and ready to be rented.  Located on a good size lot that has the possibility for additional units, garages, parking spaces or whatever you may think of.  Potential to also convert back to a single family residence if desired. Don't miss your opportunity, to pick up a potential cash flowing property in a desirable area. Sold as is.

The manager has listed the unit size as 2150 square feet.
Unit Size
2,150Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$55
Property Type
House
Property Taxes
$233
HOA Dues
-
Year Built
1929

Price History

Date / Event Date Event Price
Apr 9, 2023 No longer available -
No longer available
Apr 6, 2023 Price Decreased $119,000
↓ $41K (25.6%)
Price Decreased
Mar 15, 2023 Relisted $159,900
Relisted
Mar 2, 2023 No longer available -
No longer available
Mar 1, 2023 Listed $169,900
Listed
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: Average
  • Building Quality: C-
  • Construction Type: Wood
  • Building Style: Triplex
  • Roof Cover Type: Metal
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 16,858
  • Lot Size Depth Feet: 1,590
  • Lot Size Frontage Feet: 1,060
  • Total Building Area: 2,150
  • Building Area: 2,150
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,150
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LYNN COURT
  • Land Acres: 0.387
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: P 635 PRT . L 1

Ownership

  • Current Owner : GEIGER COMMERCIAL PROPERTIES LLC
  • Previous Owner : BENO GROUP LLC
  • Owner Before Previous Owner: 2574 LYNN COURT TRUST
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Geography

  • Assessors Map Reference: 05-04-304-210
  • Account Number: 0084860009
  • District: 0005
  • Parcel: 22-05-04-301-308.000-008
  • Municipality: NEW ALBANY TOWNSHIP
  • Latitude: 38.3119
  • Longitude: -85.8044

    Address

  • Full Address: 2574 Lynn Ct
  • Address - House Number: 2574
  • Address - Street Name: Lynn
  • Address - Suffix Type: Ct
  • State: IN
  • City Name: New Albany
  • Carrier Code: C026
  • 4-Digit Zip Code: 1881
  • Zip Code: 47150

Valuation

    Tax

  • Total Area: 2,150
  • Tax Year: 2023
  • Tax Amount: $3,489
  • Tax Rate Code Area: 8:NEW ALBA

    Appraisal Valuation

  • Standard Deviation: 0.2187
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 238,751
  • High Value: 290,973
  • Low Value: 186,530

    Market Valuation

  • Market Total Value: $146,900
  • Market Land Value: $24,700
  • Market Improvement Value: $122,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $146,900
  • Assessed Land Value: $24,700
  • Assessed Improvements Value: $122,200

    Sales

  • Current Sale Contract Date: May 10, 2023
  • Current Sale Recording Date: May 11, 2023
  • Current Sale Transaction ID: 11906345659
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5033
  • Previous Sale Recording Date: May 11, 2023
  • Previous Sale Contract Date: May 10, 2023
  • Previous Sale Document Type: Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
2,842 ft²
$55/ft²
$155,000 Feb 22, 2023
-
$88/mo
House
2 Beds
1 Bath
782 ft²
$191/ft²
$149,000 Jan 26, 2023
-
$125/mo

About New Albany


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Frequently Asked Questions

When was property at 2574 Lynn Court built and last sold?
The property at 2574 Lynn Court was built in 1929 and last sold on May 10, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 2574 Lynn Court is $132,801.
What are some comparable homes to 2574 Lynn Court?
Homes that are comparable to 2574 Lynn Court include a house property at 1746 McDonald Lane, 2415 Fairmont Avenue, which are both great to check out.

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