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1163 West Fair Oaks Road

1163 West Fair Oaks Road, New Castle, IN 47362
Property in Franklin
Sold Aug 27, 2020
$295,000
$236,000 by Somerville Bank
Mortgage Due Sep 01, 2050
Sold Mar 17, 2015
$95,900
$76,750 by Star Financial Bank
Mortgage Due Apr 01, 2045
Local assessors in New Castle, IN have categorized 1163 West Fair Oaks Road as a residential type of property. The home was built in 1964 and is 60 years old. It was most recently renovated and altered in 2010. The property's lot size has been calculated to be 60,113 square feet. The linear feet between the front and back of the lot was measured at 2,000 ft and the front of the lot was measured at 3,000 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1163 West Fair Oaks Road has a total of 3,452 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from none system. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 546 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. In addition, there is a above ground pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1163 West Fair Oaks Road was last sold in Aug 20, 2020 for $295,000. According to our calculations, that's $85.46 per sqft. Prior to that sales transaction, the property was sold for $95,900 in Mar 6, 2015. Current property owners are expected to pay $1,534 in taxes per year. The property on 1163 West Fair Oaks Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $269,700. To break that down further, the land itself was valued at $43,200. While improvements to the property were assessed at a total of $226,500. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 2010
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 546
  • Parking Space Count: 2
  • Pool Type: Above ground pool

    Dimensions

  • Lot Size Square Feet: 60,113
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 3,000
  • Total Building Area: 3,452
  • Building Area: 3,452
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,452
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: FOREST LAWN SUBDIVISION
  • Land Acres: 1.38
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FOREST LAWN SUB DIV LOTS 23, 24, & 25

Ownership

  • Current Owner : WRIGHT NATHAN B
  • Current Owner 2: WRIGHT ASHLEY L
  • Previous Owner : COX ROBERT L
  • Previous Owner 2: COX THERESA M
  • Owner Before Previous Owner: COX TAMI R
  • Owner Before Previous Owner 2: COX ROBERT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: South Henry School Corporation
  • Census Tract: 976800

Geography

  • Account Number: 0040052400
  • District: 0004
  • Section: 03
  • Parcel: 33-17-03-310-319.000-007
  • Lot: 23-24
  • Municipality: FRANKLIN TOWNSHIP
  • Latitude: 39.8663
  • Longitude: -85.4081

    Address

  • Full Address: 1163 W Fair Oaks Rd
  • Address - House Number: 1163
  • Street Direction: W
  • Address - Street Name: Fair Oaks
  • Address - Suffix Type: Rd
  • State: IN
  • City Name: New Castle
  • Carrier Code: R002
  • 4-Digit Zip Code: 9684
  • Zip Code: 47362

Valuation

    Tax

  • Total Area: 3,452
  • Tax Year: 2022
  • Tax Amount: $1,534
  • Tax Rate Code Area: 4:FRANKLIN

    Appraisal Valuation

  • Standard Deviation: 0.2353
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 52
  • Final Value: 198,510
  • High Value: 245,235
  • Low Value: 151,784

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $236,000
  • First Open Lien Mortgage Lender: SOMERVILLE BANK
  • First Open Lien Mortgage Recording Date: Aug 27, 2020
  • First Open Lien Mortgage Loan Amount: $236,000
  • 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: Sep 01, 2050

    Market Valuation

  • Market Total Value: $269,700
  • Market Land Value: $43,200
  • Market Improvement Value: $226,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $269,700
  • Assessed Land Value: $43,200
  • Assessed Improvements Value: $226,500

    Sales

  • Current Sale Contract Date: Aug 20, 2020
  • Current Sale Recording Date: Aug 27, 2020
  • Current Sale Transaction ID: 11786374806
  • Current Sale Price: $295,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202005065
  • Previous Sale Recording Date: Mar 17, 2015
  • Previous Sale Contract Date: Mar 06, 2015
  • Previous Sale Amount: $95,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SOMERVILLE BANK
  • First Mortgage Transaction Date: Aug 27, 2020
  • First Mortgage Loan Amount: $236,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: STAR FINANCIAL BANK
  • Previous Mortgage Transaction Date: Mar 17, 2015
  • Previous Mortgage Loan Amount: $76,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2045

About Henry



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Frequently Asked Questions

What neighborhood is 1163 West Fair Oaks Road located in?
The 1163 West Fair Oaks Road is a located in the neighborhood of Franklin in Henry, New Castle.
What is the average sales price for listings in 1163 West Fair Oaks Road?
The average sales price for units in 1163 West Fair Oaks Road is $0 currently.

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