See Home Value
$245,000*
House - Off Market

4227 Reas Lane

New Albany, IN 47150
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1360 Sqft
$221,000 - $269,000
Reference Base Price*
0.00%
Since Dec 1, 2023
National-US
Primary Model
Sold Dec 29, 2023
$215,000
$281,923 by River City Bank, Inc
Mortgage Due Jun 29, 2024
Sold Jan 27, 2017
$9,500

About This Property

Lots of opportunity here! Start from scratch or use the existing structures. This property consists of 1.1 acres, a spacious 2 bedroom home and 35 X 34 pole barn with concrete floor and electricity. The home offers an updated kitchen with breakfast bar and dining area. The bath is also updated and has a step-in shower unit. Nice sized family room, utility closet and laundry/mechanical room.  The clothes washer and dryer will remain.  This home also features a covered patio and a deck.  The carport and deck canopy will remain. Plenty of room here for growing a garden and much more. Perfect location for your in home business.  Additional updates: Windows new 2018, roof new 2019, HVAC new 2020, water heater new 2022.

The manager has listed the unit size as 1360 square feet.
Unit Size
1,360Ft²
Days on Market
-
Land Size
1.10 acres
Price per sqft
$180
Property Type
House
Property Taxes
$628
HOA Dues
-
Year Built
1950

Price History

Date / Event Date Event Price
Dec 29, 2023 Sold $215,000
Sold
Nov 9, 2023 No longer available -
No longer available
Sep 26, 2023 Price Decreased $245,000
↓ $35K (12.5%)
Price Decreased
Jul 18, 2023 Listed $279,900
Listed

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 48,003
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,360
  • Building Area: 1,360
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,360
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 1.102
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 15-2-6 PRT L 34 1.102 AC.

Ownership

  • Current Owner : ARK FOUNDATION LLC
  • Previous Owner : MIFFLIN RONALD R
  • Owner Before Previous Owner: MIFFLIN RONNIE R
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: New Albany-Floyd County Consolidated Schools
  • Census Tract: 071007

Geography

  • Assessors Map Reference: 05-01-5N1-068
  • Account Number: 0052580090
  • District: 0005
  • Section: 15
  • Parcel: 22-05-01-400-002.000-007
  • Municipality: NEW ALBANY TOWNSHIP
  • Latitude: 38.3455
  • Longitude: -85.8273

    Address

  • Full Address: 4227 Reas Ln
  • Address - House Number: 4227
  • Address - Street Name: Reas
  • Address - Suffix Type: Ln
  • State: IN
  • City Name: New Albany
  • Carrier Code: C033
  • 4-Digit Zip Code: 2232
  • Zip Code: 47150

Valuation

    Tax

  • Total Area: 1,360
  • Tax Year: 2023
  • Tax Amount: $698
  • Tax Rate Code Area: 7:NEW ALBA

    Appraisal Valuation

  • Standard Deviation: 0.2141
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 223,766
  • High Value: 271,695
  • Low Value: 175,837

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $281,923
  • First Open Lien Mortgage Lender: RIVER CITY BANK, INC
  • First Open Lien Mortgage Recording Date: Dec 29, 2023
  • First Open Lien Mortgage Loan Amount: $281,923
  • First Open Lien Mortgage Term: 5
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 29, 2024

    Market Valuation

  • Market Total Value: $109,100
  • Market Land Value: $48,200
  • Market Improvement Value: $60,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $109,100
  • Assessed Land Value: $48,200
  • Assessed Improvements Value: $60,900

    Sales

  • Current Sale Contract Date: Dec 28, 2023
  • Current Sale Recording Date: Dec 29, 2023
  • Current Sale Transaction ID: 11918828639
  • Current Sale Price: $215,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 12825
  • Previous Sale Recording Date: Jan 27, 2017
  • Previous Sale Contract Date: Jan 18, 2017
  • Previous Sale Amount: $9,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: RIVER CITY BANK, INC
  • First Mortgage Transaction Date: Dec 29, 2023
  • First Mortgage Loan Amount: $281,923
  • First Mortgage Terms: 5
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 29, 2024



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
9 Beds
2.5 Baths
2,752 ft²
$109/ft²
$299,900 Apr 13, 2023
-
$239/mo

About New Albany


Similar Homes for Sale

Unit for sale at 601 Hausfeldt Lane, New Albany, IN 47150

$299,900

  • 9 Beds
  • 2.5 Baths
  • 2,752 ft²
601 Hausfeldt Lane, New Albany, IN 47150 Listing by Diamond A Shirley

Nearby Rentals

Unit for rent at 4737 Grant Line Rd, New Albany, IN, 47130

$1,300 /mo

  • 2 Beds
  • 2 Baths
  • 923 ft²
4737 Grant Line Rd #4725 Grant Line Rd 720, New Albany, IN, 47130 Listing by Manager


Frequently Asked Questions

When was property at 4227 Reas Lane built and last sold?
The property at 4227 Reas Lane was built in 1950 and last sold on Dec 28, 2023 for $215,000.
How much is this home worth?
The estimated value of the home located at 4227 Reas Lane is $280,451.
What are some comparable homes to 4227 Reas Lane?
Homes that are comparable to 4227 Reas Lane include a house property at 601 Hausfeldt Lane, located in New Albany, IN.

Quantcast