$375,000 Price Analysis    ♡   New Albany, IN 47150 4 bed 3 bath 3,788 SqFt ($98/SqFt) 1.53 acre lot. Built 1864 Listed 2023-11-17, Taxes $4,817 | ✓ USDA Eligible near New Albany, IN Restrictions may apply due to home size |
Welcome to 'Rabbit Ridge
* Sale Pending *' a cherished historic estate steeped in the tales of riverboat entrepreneurs and embodying the resilient spirit of a burgeoning community along the majestic Ohio River, established in 1840. Nestled on a 1.5-acre lot near downtown Contemporary Albany and Louisville, this iconic 1839 Federal style home, referred to by many as 'Rabbit Ridge, ' stands as a pinnacle of historic grandeur. Originally built by Charles Dowerman during the steamboat-building era, this estate has been lovingly restored with character and charm. This home features antique multi-paned windows from an old shopfront in Louisville's West End, while ornate wood paneling recycled from an old church confessional adorns one of the bedrooms. In the summer kitchen, a stunning blend of stained glass windows sourced from St. Mark's church in New Albany and the Dane house in Louisville add a distinctive touch, harmonizing two distinct histories.
This remarkable property is ideal for an investor as it is an established and successful Air BandB business. With no immediate neighbors on either side, it is the perfect place to host large groups and can double as a attractive event space. Guests love the updated kitchen with a large island and the large classic dining room featuring a custom-built armoire. The large formal living room, seamlessly flows into an office/den with exposed wood beams that were salvaged from an old barn on the property. The summer kitchen boasts elegant stained glass windows and a loft area. Ascend the split staircase to discover a pub room with a wet bar and three bedrooms adorned with built-in wardrobe armoires, a covered balcony and two full bathrooms. The home further boasts four mantled fireplaces, antique fixtures, molding, high ceilings, large windows and hardwood floors. A detached three-car garage complements the expansive 1.5-acre grounds, providing both space and privacy. Discover the allure of 'Rabbit Ridge' and its blend of histry and modern comfort. Call today to embark on a private tour and immerse yourself in the timeless charm and potential this historic estate holds.
Presented by Katy C Spalding at
Six Degrees Real Estate, LLC.
Property MLS #1649967 from Louisville
Bedroom 1 Level: Second
Basement Features: Cellar
Den Level: First
Family Room Level: First
Game/Recreation Room Level: Second
Living Room Level: First
Mud Room Level: First
Basement Description: Cellar
Full Bathrooms: 3
Bathroom 1 Level: First
Heating Features: Forced Air, Natural Gas
Heating: Yes
Kitchen Level: First
Balcony
Lot Size Acres: 1.53
Lot Size Square Feet: 66647
Parking Features: Detached, Driveway
County: Floyd
Directions: Just off Hwy 111 on the right
Source Property Type: Residential
Area: 12-Other Counties
MLS Area Minor: 12-Other Counties
Source Neighborhood: 12-Other Counties
Parcel Number: 220501000005000008
Property Subtype: Single Family Residence
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $171,200 + $51,300 $222,500 | $4,817 |
| 2020 | $172,200 + $51,300 $223,500 | $4,844 |
| 2019 | $158,500 + $51,300 $209,800 | $4,548 |
| 2018 | $170,300 + $51,300 $221,600 | $4,831 |
| 2017 | $140,400 + $51,300 $191,700 | $4,320 |
| 2017 | $143,300 + $51,300 $194,600 | $4,320 |
| 2016 | $123,800 + $51,300 $175,100 | $3,856 |
| 2015 | $122,400 + $51,300 $173,700 | $1,819 |
| 2013 | $128,900 + $51,300 $180,200 | $1,867 |
| 2012 | $130,200 + $51,300 $181,500 | $1,878 |
| 2011 | $143,400 + $15,100 $158,500 | $1,710 |
| 2010 | $140,300 + $15,100 $155,400 | $1,489 |
$0
SIRA
Relisted 2024-01-25
$375,000
SIRA
Listing removed 2024-01-19
$0
SIRA
Listed 2023-11-17
$375,000
Louisville
Listed 2023-11-17
$375,000
SIRA
Listing removed 2021-01-25
$399,900
SIRA
Listed 2020-08-01
$399,900
SIRA
Sold 2017-02-22
$220,000
Public Record
Listing removed 2017-01-06
$250,000
SIRA
Price Changed 2017-01-03
$250,000
SIRA
Listed 2016-11-11
$269,900
SIRA
Listing removed 2015-01-03
$269,900
SIRA
Price Changed 2014-09-06
$269,900
SIRA
Listed 2014-07-04
$279,900
SIRA
Listing removed 2014-06-22
$279,900
SIRA
Listing removed 2014-04-22
$279,900
SIRA
Listed 2014-04-21
$279,900
SIRA
Price Changed 2014-03-24
$279,900
SIRA
Price Changed 2014-02-28
$284,900
SIRA
Listed 2013-10-24
$299,900
SIRA
Listing removed 2013-10-19
$299,900
SIRA
Price Changed 2013-06-17
$299,900
SIRA
Price Changed 2013-04-25
$309,900
SIRA
Listing removed 2013-04-19
$319,900
SIRA
Listed 2013-04-19
$319,900
SIRA
Price Changed 2013-01-28
$319,900
SIRA
Listed 2012-10-18
$324,900
SIRA
Listing removed 2012-10-01
$325,900
SIRA
Listed 2012-07-19
$325,900
SIRA
Listing removed 2011-12-03
$349,900
SIRA
Listed 2011-09-08
$349,900
SIRA
Listing removed 2010-12-17
$399,900
Louisville
Listing removed 2010-12-11
$399,900
SIRA
Listed 2010-06-29
$399,900
SIRA
Listed 2010-06-29
$399,900
Louisville
Year Built: 1864
Above Grade Finished Area: 3532
Building Area Total: 3532
Building Exterior Type: Brick
Construction Materials: Brick
Foundation Details: Crawl Space
Property Age: 160
Roof: Shingle
Levels or Stories: 2
House Style: 2 Story
Total Area Sqft: 3532
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.