1217 E Spring Street, New Albany, IN 47150
Property image
Property image
SOLD
JUL 10, 2026

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
Est. Refi. Payment $2,630/mo*

$450,000

Last Sold: Jul 10, 2026
10% below list $499K
$76/sqft
Est. Refi. Payment $2,630/mo*
Studio
3 Baths
5,935 sqft
(on 0.51 acres)

Local Information

  • Map ViewExplore the area around 1217 E Spring Street.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

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.
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

Interior Features

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

Exterior Features

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

Days on Market

Cumulative Days on Market: 329

Property Information

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

Price & Status

Price
List Price: $499,000Price Per Sqft: $76/sqft
Status Change & Dates
Off Market Date: Tue May 12 2026Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: New Albany

Building

Building Area
Building Area: 5935 Square Feet

Community

Community Features: Sidewalks

HOA

Association for this Listing: Southern Indiana REALTORS AssociationNo HOA

Lot Information

Lot Area: 0.51 acres

Listing Info

Special Conditions: Estate

Offer

Listing Terms: Cash, Conventional, Lease Option

Miscellaneous

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

Additional Information

SidewalksDays On Market Replication: 329
Last check for updates: about 2 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

DatePriceEventSource
07/10/2026$450,000Sold
SIRA #2025010318
03/18/2026$499,000PriceChange
SIRA #2025010318
11/26/2025$595,000Listed For SaleSIRA #2025010318
10/13/2025$595,000ListingRemovedBHHS broker feed #2025010318
08/15/2025$595,000Listed For SaleSIRA #2025010318

Market trends in New Albany

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$250K
$9.98K
MoM
Sale-to-List Price
Price per sq ft
$151
$1
MoM
Available listings
199
19
MoM
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Property Tax and Assessment

Year2025
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

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Assigned Schools

These are the assigned schools for 1217 E Spring Street.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

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.
  • Trulia User
    "You see people walking their dogs all the time. Most dogs are well behaved and don't bark or try to attack. "
  • Psychotic Flower
    "It's alright. Close to the highway so it's really busy. Gets cold because it's really close to the river."

LGBTQ Local Legal Protections

Apartments for Rent

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Homes for sale near 1217 E Spring Street

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Off Market Homes Near 1217 E Spring Street

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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.