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1226 Billy Drive

1226 Billy Drive, Fort Wayne, IN 46825
Property in Lima Meadows
Sold Oct 13, 2021
$190,000
Buyer
Seller
$152,000 by Fifth Third Bank Na
Mortgage Due Nov 01, 2051
Sold Jan 09, 2015
$97,500
$78,000 by Iab Financial Bank
Mortgage Due Feb 01, 2045
1226 Billy Drive in Fort Wayne, IN was first built in 1996 and is 28 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1226 Billy Drive has 1,176 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 linear feet across the front of the lot is 600 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 7,500 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 400 sqft. There are a total of 2 available parking spaces. 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 masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. 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 central heating system 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. 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, 1226 Billy Drive was last sold in Oct 8, 2021 for $190,000. According to our calculations, that's $120.56 per sqft. Prior to that sales transaction, the property was sold for $97,500 in Jan 7, 2015. Current property owners are expected to pay $1,869 in taxes per year. The property on 1226 Billy Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $167,900. To break that down further, the land itself was valued at $19,000. While improvements to the property were assessed at a total of $148,900. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,576
  • Gross Building Area: 1,576
  • Building Area: 1,176
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,176
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LIMA MEADOW
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LIMA MEADOW SEC I LOT 25

Ownership

  • Current Owner : GIN ANDREW
  • Previous Owner : ADAMS MARK T
  • Owner Before Previous Owner: PAYTON MEGAN M
  • Owner Before Previous Owner 2: BROWN MEGAN M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Fort Wayne Community Schools
  • Census Tract: 010707

Geography

  • Assessors Map Reference: 6214-C2
  • District: 0019
  • Section: 3
  • Parcel: 02-07-03-205-011.000-073
  • Lot: 25
  • Municipality: WASHINGTON TOWNSHIP
  • Latitude: 41.1722
  • Longitude: -85.162

    Address

  • Full Address: 1226 Billy Dr
  • Address - House Number: 1226
  • Address - Street Name: Billy
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Fort Wayne
  • Carrier Code: C086
  • 4-Digit Zip Code: 2100
  • Zip Code: 46825

Valuation

    Tax

  • Total Area: 1,176
  • Tax Year: 2022
  • Tax Amount: $1,869
  • Tax Rate Code Area: 73

    Appraisal Valuation

  • Standard Deviation: 0.2184
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 70
  • Final Value: 226,148
  • High Value: 275,539
  • Low Value: 176,757

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $152,000
  • First Open Lien Mortgage Lender: FIFTH THIRD BANK NA
  • First Open Lien Mortgage Recording Date: Oct 13, 2021
  • First Open Lien Mortgage Loan Amount: $152,000
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $167,900
  • Market Land Value: $19,000
  • Market Improvement Value: $148,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $167,900
  • Assessed Land Value: $19,000
  • Assessed Improvements Value: $148,900

    Sales

  • Current Sale Contract Date: Oct 08, 2021
  • Current Sale Recording Date: Oct 13, 2021
  • Current Sale Transaction ID: 11859673055
  • Current Sale Price: $190,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021068846
  • Previous Sale Recording Date: Jan 09, 2015
  • Previous Sale Contract Date: Jan 07, 2015
  • Previous Sale Amount: $97,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIFTH THIRD BANK NA
  • First Mortgage Transaction Date: Oct 13, 2021
  • First Mortgage Loan Amount: $152,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: IAB FINANCIAL BANK
  • Previous Mortgage Transaction Date: Jan 09, 2015
  • Previous Mortgage Loan Amount: $78,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2045

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Frequently Asked Questions

What neighborhood is 1226 Billy Drive located in?
The 1226 Billy Drive is a located in the neighborhood of Lima Meadows in Lima Meadows, Fort Wayne.
What is the average sales price for listings in 1226 Billy Drive?
The average sales price for units in 1226 Billy Drive is $0 currently.

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