See all 82 photos

$989,900

Est. payment - /mo

Save

8 Beds

5 Baths

5,468 SqFt

Active

1206 E Main ST New Albany, IN 47150

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Todd Martin

todd@ampedpg.com +1(502) 265-4776

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Square Footage 5,468 sqft

Price per Sqft $181

MLS Listing ID 202607134

Style Historic/ Antique, Three Story

Bedrooms 8

Full Baths 5

Construction Status Resale

Abv Grd Liv Area 5,268

Year Built 1866

Annual Tax Amount $9,414

Lot Size 0.260 Acres

Acres 0.26

Property Sub-Type Residential

Property Description

Commonly known as the Shipman McCord Mansion, this extraordinary circa-1866 property on historic Mansion Row in Downtown New Albany offers a rare blend of architectural significance, modern upgrades, and multiple income streams. Recently awarded the New Albany Historic Preservation Facelift Award for efforts to restore and preserve the historic homes and buildings of New Albany, this iconic property currently operates as 2 short-term rental units, 1 mid-term unit, and 1 long-term unit, with 1 newly renovated vacant unit ready for the new owner's preferred use. Two additional unfinished spaces provide future value-add potential.

Over the last five years, the home has undergone extensive improvements including a new roof, exterior restoration preserving the original brick facade and wrought iron details, and reconstruction of the two-story porch/deck true to its original design. Inside, each unit has been updated for modern living while maintaining historic character through original plaster crown molding and trim, restored windows, original doors, staircases and railings, exposed brick, and hardwood floors with inlaid detail. Major updates include separate electrical meters, separate furnaces and A/C systems, and separate water heaters for all units. A rare opportunity to own one of New Albany's most iconic historic properties with flexible short-term, mid-term, long-term, owner-occupant, or mixed-use investment potential.

Location

State IN

County Floyd

Zoning Residential,Historic Dist

Direction MAIN STREET TO PROPERTY

Rooms

Basement Exterior Entry, Full, Partially Finished, Walk- Out Access

Interior

Interior Features Attic, Bookcases, Ceramic Bath, Ceiling Fan(s), Separate/ Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Home Office, In- Law Floorplan, Kitchen Island, Bath in Primary Bedroom, Main Level Primary, Open Floorplan, Split Bedrooms, Second Kitchen, Cable T V

Heating Forced Air

Cooling Central Air

Fireplaces Number 6

Fireplaces Type Decorative

Fireplace Yes

Appliance Dryer, Dishwasher, Microwave, Oven, Range, Washer

Laundry In Basement, Laundry Room

Exterior

Exterior Feature Balcony, Deck, Landscaping, Porch, Patio

Community Features Sidewalks

View Y/N Yes

Water Access Desc Connected,Public

View Park/ Greenbelt, Panoramic, River

Roof Type Shingle

Street Surface Paved

Porch Balcony, Covered, Deck, Patio, Porch

Building

Lot Description Corner Lot, Garden

Entry Level Three Or More

Foundation Brick/ Mortar

Sewer Public Sewer

Water Connected, Public

Architectural Style Historic/Antique, Three Story

Level or Stories Three Or More

New Construction No

Construction Status Resale

Others

Tax ID 220502801610000008

Acceptable Financing Conventional, FHA

Listing Terms Conventional, FHA

Listed by Lopp Real Estate Brokers