See Home Value
$105,755*
House - Off Market

424 Culbertson Avenue

New Albany, IN 47119
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1118 Sqft
$90,000 - $100,000
Reference Base Price*
5.86%
Since Feb 1, 2023
National-US
Primary Model
Sold Apr 13, 2023
$90,000
$108,000 by First Savings Bank
Mortgage Due Jul 01, 2053
Sold Dec 21, 2021
$77,300
$61,875 by German American Bank Corp
Mortgage Due Jan 01, 2052

About This Property

Attention Investors! This charming 3 bedroom, 1 bath home is located in the heart of downtown NewAlbany and is perfect for investment as a turn key rental. The property has recently been updatedwith a new deck, new paint, updated kitchen, and HVAC system, ensuring low maintenance costs forthe new owner. With a projected monthly rent of $1,000, this property has the potential to providea steady stream of income. The location in the heart of downtown puts tenants within walkingdistance of all the shopping, dining, and entertainment options the area has to offer. Whetheryou're a seasoned investor or new to the game, this turn key rental property is a greatopportunity. Schedule your showing today!

The manager has listed the unit size as 1118 square feet.
Unit Size
1,118Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$89
Property Type
House
Property Taxes
$76
HOA Dues
-
Year Built
1929

Price History

Date / Event Date Event Price
Jan 12, 2023 No longer available -
No longer available
Jan 10, 2023 Listed $99,900
Listed
Dec 21, 2021 Sold to Bradley Becherer, Michael S... $77,300
Sold to Bradley Becherer, Michael S...
Sep 23, 2021 Sold $153,000
Sold
Sep 23, 2020 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1968
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Duplex
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Partial basement
  • Basement Area: 280
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,742
  • Lot Size Depth Feet: 740
  • Lot Size Frontage Feet: 280
  • Total Building Area: 1,118
  • Building Area: 1,118
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,118
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.04
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: P 85 PRT LTS.9 & 10

Ownership

  • Current Owner : CLARK BRUCE
  • Previous Owner : SWEENEY MICHAEL
  • Previous Owner 2: SWEENEY BRADLEY
  • Owner Before Previous Owner: SOIN PROPERTIES GROUP LLC
  • Ownership Rights Codes: Husband and wife

Neighborhood

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

Geography

  • Assessors Map Reference: 05-03-5SB-208
  • Account Number: 0087760023
  • District: 0005
  • Parcel: 22-05-03-500-110.000-008
  • Municipality: NEW ALBANY TOWNSHIP
  • Latitude: 38.2903
  • Longitude: -85.8206

    Address

  • Full Address: 424 Culbertson Ave
  • Address - House Number: 424
  • Address - Street Name: Culbertson
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: New Albany
  • Carrier Code: C002
  • 4-Digit Zip Code: 3318
  • Zip Code: 47150

Valuation

    Tax

  • Total Area: 1,398
  • Tax Year: 2023
  • Tax Amount: $1,900
  • Tax Rate Code Area: 8:NEW ALBA

    Appraisal Valuation

  • Standard Deviation: 0.2436
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 65
  • Final Value: 158,442
  • High Value: 197,047
  • Low Value: 119,837

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $108,000
  • First Open Lien Mortgage Lender: FIRST SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Jun 06, 2023
  • First Open Lien Mortgage Loan Amount: $108,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2053

    Market Valuation

  • Market Total Value: $89,000
  • Market Land Value: $5,400
  • Market Improvement Value: $83,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $89,000
  • Assessed Land Value: $5,400
  • Assessed Improvements Value: $83,600

    Sales

  • Current Sale Contract Date: Apr 11, 2023
  • Current Sale Recording Date: Apr 13, 2023
  • Current Sale Transaction ID: 11905053180
  • Current Sale Price: $90,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 3932
  • Previous Sale Recording Date: Dec 21, 2021
  • Previous Sale Contract Date: Dec 17, 2021
  • Previous Sale Amount: $77,300
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: GERMAN AMERICAN BANK CORP
  • Previous Mortgage Transaction Date: Dec 21, 2021
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $61,875
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2052



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$90,000 Jan 5, 2023
-
$200/mo

About New Albany


Similar Homes for Sale

Unit for sale at 923 Pearl Street, New Albany, IN 47150

$90,000

  • Land
923 Pearl Street, New Albany, IN 47150 Listing by Marcus Todd

Nearby Rentals

Unit for rent at 4402 Parker Ave, Louisville, KY, 40211

$995 /mo

  • 3 Beds
  • 2 Baths
  • 1,439 ft²
4402 Parker Ave #4402 Parker Ave, Louisville, KY, 40211 Listing by Manager


Frequently Asked Questions

When was property at 424 Culbertson Avenue built and last sold?
The property at 424 Culbertson Avenue was built in 1929 and last sold on Apr 11, 2023 for $90,000.
How much is this home worth?
The estimated value of the home located at 424 Culbertson Avenue is $105,815.
What are some comparable homes to 424 Culbertson Avenue?
Homes that are comparable to 424 Culbertson Avenue include a land property at 923 Pearl Street, located in New Albany, IN.

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