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116 Hallowell Lane

116 Hallowell Lane, Billings, MT 59101
Sold Dec 09, 2021
$242,500
$194,000 by Loandepot.com Llc
Mortgage Due Dec 01, 2051
Sold Mar 17, 2017
$166,200
$163,975 by First Interstate Bank
Mortgage Due Apr 01, 2047
116 Hallowell Lane in Billings, MT was first built in 1954 and is 70 years old. Although, the building on the property was most recently renovated and altered in 2013. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 116 Hallowell Lane has 1,613 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 832 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 10,083 square feet.

Learn more about the property and building on this page. There is a porch and a patio. The home has a gable style roof made of asphalt. Water for the property is sourced from a municipal system. The property is not connected to a municipal sewage system. Instead, it is connected to a septic system which you will need to handle on your own. For those who need parking, there is a garage. The garage is 352 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as fair. The exterior walls of the home are made of a combination of material. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 116 Hallowell Lane sold most recently in Nov 26, 2021 for a total of $242,500. If you work out the math, that's approximately a cost of $142.98 per sqft. Before that, the property was also sold for $166,200 in Mar 16, 2017. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,953 in taxes each year. 116 Hallowell Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $199,300. If we break it down further, the land itself was valued at $43,311. Improvements to the property, however, were assessed at a total of $155,989. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Combination
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 832
  • Garage Type: Garage
  • Garage Square Area: 352
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 10,083
  • Total Building Area: 1,696
  • Gross Building Area: 1,696
  • Building Area: 1,613
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,613
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BALCHER ACRES
  • Land Acres: 0.232
  • Standard Land Use Code: Single family residential
  • Legal Description 1: S09, T01 S, R26 E, C.O.S. 480, PARCEL A

Ownership

  • Current Owner : MCGEE TORRENCE K
  • Previous Owner : MCGEE TORRENCE K
  • Previous Owner 2: MCGEE HEATHER D
  • Owner Before Previous Owner: SCHULTZ BENJAMIN R
  • Owner Before Previous Owner 2: SCHULTZ CRISTINA L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Billings High School District
  • Census Tract: 000902

Zoning

  • Zoning: R-96

Geography

  • Subdivision Tract Number: A
  • Parcel: 03-0927-09-1-13-16-0000
  • Lot: 7
  • Meridian: SEC 09 TWN 01S RNG 26E
  • Municipality: BILLINGS
  • Latitude: 45.7674
  • Longitude: -108.521

    Address

  • Full Address: 116 Hallowell Ln
  • Address - House Number: 116
  • Address - Street Name: Hallowell
  • Address - Suffix Type: Ln
  • State: MT
  • City Name: Billings
  • Carrier Code: C035
  • 4-Digit Zip Code: 5018
  • Zip Code: 59101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,953
  • Tax Rate Code Area: 0965T5

    Appraisal Valuation

  • Standard Deviation: 0.2254
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 68
  • Final Value: 269,155
  • High Value: 329,846
  • Low Value: 208,464

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $194,000
  • First Open Lien Mortgage Lender: LOANDEPOT.COM LLC
  • First Open Lien Mortgage Recording Date: Dec 09, 2021
  • First Open Lien Mortgage Loan Amount: $194,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2051

    Market Valuation

  • Market Total Value: $199,300
  • Market Land Value: $43,311
  • Market Improvement Value: $155,989

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $199,300
  • Assessed Land Value: $43,311
  • Assessed Improvements Value: $155,989

    Sales

  • Current Sale Contract Date: Nov 26, 2021
  • Current Sale Recording Date: Dec 09, 2021
  • Current Sale Transaction ID: 11873582675
  • Current Sale Price: $242,500
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 4000607
  • Previous Sale Recording Date: Mar 17, 2017
  • Previous Sale Contract Date: Mar 16, 2017
  • Previous Sale Amount: $166,200
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOANDEPOT.COM LLC
  • First Mortgage Transaction Date: Dec 09, 2021
  • First Mortgage Loan Amount: $194,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FIRST INTERSTATE BANK
  • Previous Mortgage Transaction Date: Mar 17, 2017
  • Previous Mortgage Loan Amount: $163,975
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Apr 01, 2047

About Southwest Corridor



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Frequently Asked Questions

What neighborhood is 116 Hallowell Lane located in?
The 116 Hallowell Lane is a located in the neighborhood of Southwest Corridor in Southwest Corridor, Billings.
What is the average sales price for listings in 116 Hallowell Lane?
The average sales price for units in 116 Hallowell Lane is $0 currently.

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