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408 South Parkline Drive

408 South Parkline Drive, New Albany, IN 47150
Property in New Albany
Sold Jan 29, 2021
$161,300
$129,000 by Quicken Loans Inc
Mortgage Due Aug 01, 2050
Sold Jan 29, 2021
$161,300
$129,000 by Quicken Loans Inc
Mortgage Due Aug 01, 2050
Local assessors in New Albany, IN have categorized 408 South Parkline Drive as a residential type of property. The home was built in 1989 and is 35 years old. The property's lot size has been calculated to be 10,367 square feet. The linear feet between the front and back of the lot was measured at 1,380 ft and the front of the lot was measured at 750 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 408 South Parkline Drive has a total of 1,940 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 905 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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 attached garage for those who need a place to park their vehicle. The garage on the property is 441 sqft. There are 2 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 masonry 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 building has a roof that is made of asphalt. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 408 South Parkline Drive was last sold in Aug 1, 2020 for $161,300. According to our calculations, that's $83.14 per sqft. Prior to that sales transaction, the property was sold for $161,300 in Aug 1, 2020. Current property owners are expected to pay $1,702 in taxes per year. The property on 408 South Parkline Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $158,100. To break that down further, the land itself was valued at $25,700. While improvements to the property were assessed at a total of $132,400. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 2
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 905
  • Garage Type: Attached
  • Garage Square Area: 441
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,367
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,940
  • Building Area: 1,940
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,940
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PARKWAY ESTATE
  • Land Acres: 0.238
  • Standard Land Use Code: Single family residential
  • Legal Description 1: P 972 L 4 .238 AC.

Ownership

  • Current Owner : FAUST TRUST
  • Previous Owner : FAUST ANGELA R
  • Previous Owner 2: FAUST JAMES A
  • Owner Before Previous Owner: FAUST TRUST
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: New Albany-Floyd County Consolidated Schools
  • Census Tract: 070802

Geography

  • Assessors Map Reference: 05-02-710-365
  • Account Number: 0083371004
  • District: 0005
  • Parcel: 22-05-02-700-205.000-008
  • Municipality: NEW ALBANY TOWNSHIP
  • Latitude: 38.3152
  • Longitude: -85.8283

    Address

  • Full Address: 408 S Parkline Dr
  • Address - House Number: 408
  • Street Direction: S
  • Address - Street Name: Parkline
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: New Albany
  • Carrier Code: C018
  • 4-Digit Zip Code: 6300
  • Zip Code: 47150

Valuation

    Tax

  • Total Area: 2,701
  • Tax Year: 2023
  • Tax Amount: $1,702
  • Tax Rate Code Area: 8:NEW ALBA

    Appraisal Valuation

  • Standard Deviation: 0.2561
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 63
  • Final Value: 226,459
  • High Value: 284,459
  • Low Value: 168,458

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $258,000
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: Jan 29, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $129,000
  • 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: Aug 01, 2050
  • Second Open Lien Mortgage Lender: QUICKEN LOANS INC
  • Second Open Lien Mortgage Recording Date: Jan 29, 2021
  • Second Open Lien Mortgage Financing Type: Fixed Rate
  • Second Open Lien Mortgage Loan Amount: $129,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Aug 01, 2050

    Market Valuation

  • Market Total Value: $158,100
  • Market Land Value: $25,700
  • Market Improvement Value: $132,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $158,100
  • Assessed Land Value: $25,700
  • Assessed Improvements Value: $132,400

    Sales

  • Current Sale Contract Date: Aug 01, 2020
  • Current Sale Recording Date: Jan 29, 2021
  • Current Sale Transaction ID: 11816503447
  • Current Sale Price: $161,300
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 202101321
  • Previous Sale Recording Date: Jan 29, 2021
  • Previous Sale Contract Date: Aug 01, 2020
  • Previous Sale Amount: $161,300
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: Jan 29, 2021
  • First Mortgage Loan Amount: $129,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: QUICKEN LOANS INC
  • Previous Mortgage Transaction Date: Jan 29, 2021
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $129,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2050

About New Albany



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 408 South Parkline Drive located in?
The 408 South Parkline Drive is a located in the neighborhood of New Albany in New Albany, New Albany.
What is the average sales price for listings in 408 South Parkline Drive?
The average sales price for units in 408 South Parkline Drive is $0 currently.

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