1125 State Street

1125 State Street has been categorized by the local assessors in New Albany, IN as a commercial type of property. The building on the property was first built in 1955 and is 69 years old. The linear feet between the front and back of the lot is 1,300 ft and across the front of the lot is 1,590 ft. The area measurement of the land has been determined as 20,473 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. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. In terms of heating, the home is utilizing gas. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer 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 $4,672 in taxes each year. 1125 State Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $161,200. If we break it down further, the land itself was valued at $93,700. Improvements to the property, however, were assessed at a total of $67,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged.