See Home Value
$302,183*
House - Off Market

515 E 5th Street

New Albany, IN 47150
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2154 Sqft
$207,000 - $253,000
Reference Base Price*
31.38%
Since Jan 1, 2021
National-US
Primary Model
Sold Jan 25, 2021
$230,300
$235,290 by Mortgage Research Center Llc
Mortgage Due Feb 01, 2051
Sold Jun 03, 2020
Transfer

About This Property

This lovely home located close to Downtown New Albany is just a few blocks from Anderson Park.  This spacious home has been completely updated. It features an open floor plan, with 3 bedrooms and 2.5 baths. The kitchen features white shaker style cabinets, true butcher block countertops, beautiful backsplash, deep stainless steel sink and opens to Dining Area and Great Room featuring an abundance of windows and unique focal wall.   An office just off the kitchen completes the first floor.  Upstairs boast a large primary bedroom with sitting area, walk-in closet and full bath access to rear deck. A half bath and two additional bedrooms are located off the upstairs hallway.  There is a cellar however, the laundry has been moved up to the first floor utility room. This is a lovely home in a great area and has off-street parking. Schedule a showing today.

The manager has listed the unit size as 2154 square feet.
Unit Size
2,154Ft²
Days on Market
-
Land Size
0.80 acres
Price per sqft
$107
Property Type
House
Property Taxes
$357
HOA Dues
-
Year Built
1929

Price History

Date / Event Date Event Price
Dec 16, 2020 No longer available -
No longer available
Dec 5, 2020 Price Decreased $230,000
↓ $9K (3.8%)
Price Decreased
Nov 18, 2020 Listed $239,000
Listed
Apr 28, 2020 No longer available -
No longer available
Apr 25, 2020 Relisted $49,999
Relisted
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 2000
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Good
  • Building Quality: C+
  • Construction Type: Wood
  • Roof Cover Type: Other
  • Floor Count: 2
  • Basement Type: Partial basement
  • Basement Area: 536
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,485
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 270
  • Total Building Area: 2,154
  • Building Area: 2,154
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,154
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: UPPER 05 ST
  • Land Acres: 0.08
  • Standard Land Use Code: Single family residential
  • Legal Description 1: P 93 N 13'' OF L. 28 / S 14'' L. 30

Ownership

  • Current Owner : MELDRUM JOHN
  • Current Owner 2: MELDRUM JESSICA MARIE
  • Previous Owner : K & C TWO LLC
  • Owner Before Previous Owner: 2ND WIND LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Geography

  • Assessors Map Reference: 05-03-5SB-198
  • Account Number: 0087790077
  • District: 0005
  • Parcel: 22-05-03-500-150.000-008
  • Municipality: NEW ALBANY TOWNSHIP
  • Latitude: 38.289
  • Longitude: -85.8201

    Address

  • Full Address: 515 E 5th St
  • Address - House Number: 515
  • Street Direction: E
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: IN
  • City Name: New Albany
  • Carrier Code: C002
  • 4-Digit Zip Code: 3304
  • Zip Code: 47150

Valuation

    Tax

  • Total Area: 2,690
  • Tax Year: 2023
  • Tax Amount: $2,034
  • Tax Rate Code Area: 8:NEW ALBA

    Appraisal Valuation

  • Standard Deviation: 0.1993
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 310,373
  • High Value: 372,238
  • Low Value: 248,508

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $470,580
  • First Open Lien Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • First Open Lien Mortgage Recording Date: Jan 25, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $235,290
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051
  • Second Open Lien Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • Second Open Lien Mortgage Recording Date: Jan 25, 2021
  • Second Open Lien Mortgage Financing Type: Fixed Rate
  • Second Open Lien Mortgage Loan Amount: $235,290
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: VA
  • Second Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Market Valuation

  • Market Total Value: $191,800
  • Market Land Value: $7,100
  • Market Improvement Value: $184,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $191,800
  • Assessed Land Value: $7,100
  • Assessed Improvements Value: $184,700

    Sales

  • Current Sale Contract Date: Jan 22, 2021
  • Current Sale Recording Date: Jan 25, 2021
  • Current Sale Transaction ID: 11815728415
  • Current Sale Price: $230,300
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202100950
  • Previous Sale Recording Date: Jun 03, 2020
  • Previous Sale Contract Date: May 26, 2020
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • First Mortgage Transaction Date: Jan 25, 2021
  • First Mortgage Loan Amount: $235,290
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Feb 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2.5 Baths
1,593 ft²
$125/ft²
$199,000 Apr 29, 2024
-
$191/mo
House
3 Beds
2 Baths
1,281 ft²
$168/ft²
$215,000 Apr 23, 2024
-
$134/mo
House
3 Beds
1.5 Baths
1,445 ft²
$128/ft²
$185,000 Dec 15, 2023
-
$139/mo
House
3 Beds
1.5 Baths
1,304 ft²
$192/ft²
$249,900 May 6, 2024
-
$171/mo
House
3 Beds
2 Baths
1,240 ft²
$173/ft²
$214,900 Mar 5, 2024
-
$91/mo
House
4 Beds
4 Baths
1,994 ft²
$120/ft²
$239,000 Apr 9, 2024
-
$117/mo
House
4 Beds
2 Baths
1,740 ft²
$157/ft²
$273,500 Jan 4, 2024
-
-
House
4 Beds
2 Baths
1,250 ft²
$180/ft²
$225,000 Jan 31, 2024
-
-
House
2 Beds
2 Baths
1,104 ft²
$168/ft²
$186,000 Sep 25, 2023
-
$322/mo
House
2 Beds
1 Bath
1,060 ft²
$179/ft²
$190,000 May 1, 2024
-
$75/mo

About New Albany


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Nearby Rentals

Unit for rent at

$1,200 /mo

  • Studio
  • 3,152 ft²
Listing by Mike Kopp


Frequently Asked Questions

When was property at 515 East 5th Street built and last sold?
The property at 515 East 5th Street was built in 1929 and last sold on Jan 22, 2021 for $230,300.
How much is this home worth?
The estimated value of the home located at 515 East 5th Street is $240,061.
What are some comparable homes to 515 East 5th Street?
There are currently no comparable homes to 515 East 5th Street.

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