Welcome to 'Rabbit Ridge,' - PROPERTY IS CURRENTLY OCCUPIED WITH AN AIR BNB GUEST. SHOWINGS TO RESUME MONDAY JANUARY 29, 2024.
Nestled on a 1.5-acre lot near downtown New Albany and Louisville, this iconic 1839 Federal style home, 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 remarkable property is ideal for an investor as it is an established and successful Air B&B business. With no immediate neighbors on either side, it is the perfect place to host large groups and can double as a beautiful 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.
Sold for $335,000
$335,000
1738 State Road 111, New Albany, IN 47150
4beds
3,532sqft
Single Family Residence
Built in 1900
1.53 Acres Lot
$386,100 Zestimate®
$95/sqft
$2,623 Estimated rent
Home value
$386,100
$355,000 - $421,000
$2,623/mo
Zestimate® history
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$2,002/mo
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Zillow last checked:
Listing updated:
Listed by:
Katy Spalding,
Six Degrees Real Estate LLC,
Stephanie Shacklette,
Six Degrees Real Estate LLC
Bought with:
Robert Butler, RB21002422
Semonin REALTORS
Source: SIRA,MLS#: 2023011826
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Dining room
- Level: First
Family room
- Level: First
Other
- Level: First
Other
- Level: Second
Other
- Level: Second
Kitchen
- Level: First
Living room
- Level: First
Other
- Description: OFFICE/DEN
- Level: First
Other
- Description: MUDROOM
- Level: First
Other
- Description: PUB ROOM
- Level: Second
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Washer
- Laundry: Laundry Closet, Main Level
Features
- Kitchen Island
- Basement: Crawl Space,Exterior Entry,Unfinished
- Number of fireplaces: 4
- Fireplace features: Decorative
Interior area
- Total structure area: 3,276
- Total interior livable area: 3,532 sqft
- Finished area above ground: 3,276
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Detached, Garage
- Garage spaces: 3
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio, Porch
- Exterior features: Porch, Patio
Lot
- Size: 1.53 Acres
Details
- Additional structures: Garage(s)
- Parcel number: 0088450003
- Zoning: Residential
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Two Story
- Property subtype: Single Family Residence
Materials
- Brick, Frame
- Foundation: See Remarks, Cellar
- Roof: Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Water: Not Connected, Public
- Utilities for property: Sewer Available, Water Available
Community & neighborhood
Location
- Region: New Albany
Other
Other facts
- Listing terms: Cash,Conventional,Other
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/21/2024 | Sold | $335,000-10.7%$95/sqft |
Source:  SIRA #2023011826 Report a problem | ||
| 5/16/2024 | Pending sale | $375,000$106/sqft |
Source: SIRA #2023011826 Report a problem | ||
| 11/17/2023 | Listed for sale | $375,000$106/sqft |
Source: SIRA #2023011826 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 47150
Nearby schools
GreatSchools rating
- 5/10Nathaniel Scribner Middle SchoolGrades: 5-8Distance: 1.2 mi
- 7/10New Albany Senior High SchoolGrades: 9-12Distance: 2.5 mi
- 6/10S Ellen Jones Elementary SchoolGrades: PK-4Distance: 2 mi
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$386,100
2% more
+$7,722
With Zillow Showcase(estimated)
$393,822
- Indiana
- Floyd County
- New Albany
- 47150
- 1738 State Road 111
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