2240 Budd Rd New Albany, IN 47150

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2 beds · 1 bath · 1,632 sq ft · Lot Size: 51,836 sq ft · Single Family Home
Est. Property Value: $148,082

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2240 Budd Rd is in the 47150 neighborhood of New Albany, IN. It is located in Floyd County and ZIP code 47150. This Single Family Home was built in 1926 and is approximately 99 years old. The single family home spans 1632 sq ft with 2 bedrooms and 1 bathroom and sits on a 51836 sq ft lot. According to public records, it has a tax-assessed value of $110,400, which is $91 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 2240 Budd Rd New Albany, IN 47150 with Property Intel by Whitepages.

2240 Budd Rd

New Albany, IN 47150

Owner Info

Owners & Occupancy for 2240 Budd Rd

This property is owned by Cathy M Robinson. Owner contact information includes 2 phone numbers and 4 email addresses.

Property Owners

Residence**************
Landline(812) 948-0343
Distance from Property**********
Email Address***************@gmail.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1************** age 33
Resident 2************** age 78
Resident 3**************** age 76

Property Financials for 2240 Budd Rd

2240 Budd Rd, New Albany, IN has no known mortgage. The Floyd county assessment for 2023 values it at $110,400, with annual taxes of $1,769.

Property Tax

Property Tax Amount$1,769 in 2023
Assessed Value$110,400 on 2023

Investment Potential for 2240 Budd Rd

The property has a current estimated value of $148,082, which is 13% below the zip median. Projected long-term rental income is $16,800 annually ($1,400 per month) with a 87% occupancy rate.

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Long-Term

Gross Rental
$16,800 per year($1,400 per month)
Net Operating Income
Cap Rate
Occupancy Rate
87%in 47150 zip code
 
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Property Details for 2240 Budd Rd

Property Details

Property Sq Ft

Living Area

1,632 sq ft

52% above market

Lot Size

51,836 sq ft

715% above market

Price Per Sq Ft

Living Area

$91 / sq ft

42% below market

Lot Size Area

$3 / sq ft

89% below market

Property condition, age, exterior, etc. for 2240 Budd …
Longitude: -85.853703 Latitude: 38.26681 Parcel Number (APN): 22-05-00-900-034.000-007…

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Market Benchmarks

Compare data for 2240 Budd Rd in Floyd County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$148,082
$135,098
$12,985 (10%)
$216,418
-$2,167 (-1%)
YoY Price Change
5.26%
-246%
Year Built
1926
1947
-21 years
Living Space
1,632 sq ft
1,104 sq ft
528 (48%)
$ Per Living Sq Ft
$91
$120
-$29 (-24%)
Lot Size
51,836 sq ft
8,260 sq ft
43576 (528%)
$ Per Lot Sq Ft
$3
$14
-$11 (-80%)

Net Operating Income
$13,906
-$2,206 (-16%)
Annual Revenue
$16,800
$18,600
-$1,800 (-10%)
$4,331
$769 (18%)
Net Operating Income
$13,906
-$2,206 (-16%)
Cap Rate
10.27%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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