1217 E Spring Street
New Albany, IN 47150
Midtown- Studio
- 3 Baths
- 5,935 sqft (on 0.51 acres)
$450,000
Last Sold: Jul 10, 2026
10% below list $499K
$76/sqft
$450,000
Last Sold: Jul 10, 2026
10% below list $499K
$76/sqft
Studio
3 Baths
5,935 sqft
(on 0.51 acres)
Local Information
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
1929
Lot Size
0.51 acres
Living Area
5,935 sqft
Price/Sqft
$76/sqft
Parking
Open Parking
About this House
Positioned in the heart of New Albany, the Alexander Dowling Home presents a rare and compelling investment opportunity within the highly sought afte E Spring St Historic District. Located at 1217 E. Spring St & listed on the Historic Registry, this Italianate gem offers the perfect blend of historic significance & income producing potential.
Originally owned by Alexander Dowling—former Indiana Supreme Court Justice (1899–1905) & prominent local figure—this property carries a rich legacy that enhances its desirability for boutique residential, mixed use or specialty rental concepts.
Built circa 1870 with an 1888 addition, the home showcases classic Italianate architecture, including tall, narrow windows, ornate cornices & striking vertical lines. For investors, the true value lies in its versatility—the property can be restored into a grand single-family residence, converted into multiple units or repositioned for short term rental, office or mixed use purposes (subject to zoning & approvals).
Its prime location near the Downtown New Albany Historic District, along with close proximity to restaurants, shops & local businesses further strengthens its appeal for tenants, guests or commercial use.
An added bonus: the included adjacent parking lot significantly enhances functionality & future development potential.
With seller financing options available, investors have a unique opportunity to acquire a distinctive, high potential asset w/flexible terms & long term upside.
Originally owned by Alexander Dowling—former Indiana Supreme Court Justice (1899–1905) & prominent local figure—this property carries a rich legacy that enhances its desirability for boutique residential, mixed use or specialty rental concepts.
Built circa 1870 with an 1888 addition, the home showcases classic Italianate architecture, including tall, narrow windows, ornate cornices & striking vertical lines. For investors, the true value lies in its versatility—the property can be restored into a grand single-family residence, converted into multiple units or repositioned for short term rental, office or mixed use purposes (subject to zoning & approvals).
Its prime location near the Downtown New Albany Historic District, along with close proximity to restaurants, shops & local businesses further strengthens its appeal for tenants, guests or commercial use.
An added bonus: the included adjacent parking lot significantly enhances functionality & future development potential.
With seller financing options available, investors have a unique opportunity to acquire a distinctive, high potential asset w/flexible terms & long term upside.
1217 E Spring Street, New Albany, IN 47150 is a studio, 3 bathroom, 5,935 sqft single-family home in Midtown, built in 1929. It last sold for $450,000 on Jul 10, 2026 (10% below the $499,000 asking price). It is currently off market. The Trulia Estimate is $450,100, with a rent estimate of $2,728/month.
Home Details for 1217 E Spring Street
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Interior Details Basement: Partial |
Beds & Baths Number of Bathrooms: 3Number of Bathrooms (full): 3 |
Dimensions and Layout Living Area: 5935 Square Feet |
Heating & Cooling Heating: Heat PumpHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Heat Pump |
Fireplace & Spa No Fireplace |
Levels, Entrance, & Accessibility Stories: 2Levels: Two |
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Exterior Home Features Roof: OtherExterior: Handicap Accessible, Landscaping, Paved DrivewayFoundation: Block |
Parking & Garage Other Parking: OtherNo GarageNo Attached GarageHas Open ParkingParking: No Garage |
Frontage Road Surface Type: PavedNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 5935 Square Feet |
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Cumulative Days on Market: 329 |
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Year Built Year Built: 1929 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Two Story |
Building Construction Materials: Wood SidingNot a New ConstructionDoes Not Include Home Warranty |
Property Information Condition: ResaleParcel Number: 220502800539000008 |
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Price List Price: $499,000Price Per Sqft: $76/sqft |
Status Change & Dates Off Market Date: Tue May 12 2026Possession Timing: Close Of Escrow |
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MLS Status: Closed |
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Direction & Address City: New Albany |
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Building Area Building Area: 5935 Square Feet |
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Community Features: Sidewalks |
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Association for this Listing: Southern Indiana REALTORS AssociationNo HOA |
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Lot Area: 0.51 acres |
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Special Conditions: Estate |
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Listing Terms: Cash, Conventional, Lease Option |
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BasementMls Number: 2025010318Living Area Range Units: Square FeetAttribution Contact: 812-282-0426Above Grade Unfinished Area: 5935Above Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area: 1892Below Grade Unfinished Area Units: Square FeetUniversal Property Id: US-18043-N-220502800539000008-R-N |
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SidewalksDays On Market Replication: 329 |
Last check for updates: about 22 hours ago
Listed by Kim Kraft
Berkshire Hathaway HomeServices Parks & Weisberg R
Ken Groh
Berkshire Hathaway HomeServices Parks & Weisberg R
Bought with: OUTSIDE AGENT, OUTSIDE COMPANY
Originating MLS: Southern Indiana REALTORS Association
Source: SIRA, MLS#2025010318

Price History for 1217 E Spring Street
| Date | Price | Event | Source |
|---|---|---|---|
| 07/10/2026 | $450,000 | Sold | SIRA #2025010318 |
| 03/18/2026 | $499,000 | PriceChange | SIRA #2025010318 |
| 11/26/2025 | $595,000 | Listed For Sale | SIRA #2025010318 |
| 10/13/2025 | $595,000 | ListingRemoved | BHHS broker feed #2025010318 |
| 08/15/2025 | $595,000 | Listed For Sale | SIRA #2025010318 |
Market trends in New Albany
Last updated June 2026
Avg. sale price
$250K
$9.98KMoM
Sale-to-List Price
—
Price per sq ft
$151
$1MoM
Available listings
199
19MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $7,563 |
| Assessment | $334,700 |
Home facts updated by county records
Comparable Sales for 1217 E Spring Street
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.20 | Single-Family Home | $485,000 | 05/18/26 | 5 | 4.5 | 6,715 | |
0.36 | Single-Family Home | $449,000 | 10/14/25 | 5 | 3.5 | 5,210 | |
0.19 | Single-Family Home | $450,000 | 06/03/26 | 5 | 3 | 3,192 | |
0.21 | Single-Family Home | $262,575 | 12/11/25 | 4 | 1.5 | 2,250 | |
0.14 | Single-Family Home | $305,000 | 11/01/25 | 4 | 2.5 | 1,784 | |
0.09 | Single-Family Home | $206,000 | 06/30/26 | 3 | 1.5 | 1,824 | |
0.35 | Single-Family Home | $390,000 | 02/02/26 | 4 | 2 | 2,717 | |
0.45 | Single-Family Home | $289,500 | 02/27/26 | 5 | 5 | 2,485 | |
0.50 | Single-Family Home | $376,900 | 04/27/26 | 4 | 2.5 | 2,786 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 1217 E Spring Street.
What Locals Say about Midtown
At least 30 Trulia users voted on each feature.
91 % Say yards are well-kept
90 % Say there are sidewalks
82 % Say parking is easy
81 % Say it's dog friendly
76 % Say there's holiday spirit
74 % Say it's walkable to restaurants
70 % Say car is needed
58 % Say it's walkable to grocery stores
58 % Say kids play outside
57 % Say neighbors are friendly
55 % Say streets are well-lit
49 % Say people would walk alone at night
42 % Say there are community events
42 % Say there's wildlife
39 % Say they plan to stay for at least 5 years
30 % Say it's quiet
Sourced by Trulia users. Learn more about our methodology.
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IDX information is provided exclusively for consumers’ personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.

