1022 Silver Street

1022 Silver Street has been categorized by the local assessors in New Albany, IN as a recreational type of property. The building on the property was first built in 1940 and is 84 years old. This is a single story building so stairs are not necessary to access other parts of the home. The linear feet between the front and back of the lot is 1,090 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 4,356 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 4 code building. This code stands for "buildings that have wood or wood and steel frames.". Moving on to the building itself. The condition of the building has been evaluated as fair. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. Finally, the property is currently sourcing its water from a water system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $0 in taxes each year. 1022 Silver Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $61,500. If we break it down further, the land itself was valued at $13,700. Improvements to the property, however, were assessed at a total of $47,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.