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1228 West Fair Oaks Road

1228 West Fair Oaks Road, New Castle, IN 47362
Property in Franklin
Sold Dec 14, 2016
$87,500
$70,000 by State Farm Bank Fsb
Mortgage Due Jan 01, 2032
1228 West Fair Oaks Road has been categorized by the local assessors in New Castle, IN as a residential type of property. The building on the property was first built in 1958 and is 66 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1228 West Fair Oaks Road has 1,200 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 2,000 ft and across the front of the lot is 3,720 ft. The area measurement of the land has been determined as 74,400 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. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 480 sqft. According to our sources, there are a total of 2 available parking spaces. Love to swim? You'll be excited to find out that there is a above ground pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. 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 brick 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. The roof of the building is made of materials that we aren't sure of. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. Finally, the property is currently sourcing its water from none 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. According to our sources, 1228 West Fair Oaks Road sold most recently in Dec 9, 2016 for a total of $87,500. If you work out the math, that's approximately a cost of $72.92 per sqft. 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 $646 in taxes each year. 1228 West Fair Oaks Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $112,700. If we break it down further, the land itself was valued at $26,200. Improvements to the property, however, were assessed at a total of $86,500. 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.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: 1958
  • Effective Year Built: 1958
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Brick
  • Roof Cover Type: Other
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Pool Type: Above ground pool

    Dimensions

  • Lot Size Square Feet: 74,400
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 3,720
  • Total Building Area: 1,200
  • Building Area: 1,200
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,200
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: FOREST LAWN SUBDIVISION
  • Land Acres: 1.708
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FOREST LAWN SUB DIV LOTS 1 - 4

Ownership

  • Current Owner : MORROW MARK A
  • Current Owner 2: MORROW AMY R
  • Previous Owner : MORROW BRUCE A
  • Previous Owner 2: THE BILLY GENE MORROW AND BARB
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Geography

  • Account Number: 0040050100
  • District: 0004
  • Section: 03
  • Parcel: 33-17-03-310-301.000-007
  • Lot: 1
  • Municipality: FRANKLIN TOWNSHIP
  • Latitude: 39.867
  • Longitude: -85.4102

    Address

  • Full Address: 1228 W Fair Oaks Rd
  • Address - House Number: 1228
  • 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: 9693
  • Zip Code: 47362

Valuation

    Tax

  • Total Area: 1,200
  • Tax Year: 2022
  • Tax Amount: $646
  • Tax Rate Code Area: 4:FRANKLIN

    Appraisal Valuation

  • Standard Deviation: 0.2353
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 52
  • Final Value: 108,275
  • High Value: 133,760
  • Low Value: 82,789

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $70,000
  • First Open Lien Mortgage Lender: STATE FARM BANK FSB
  • First Open Lien Mortgage Recording Date: Dec 14, 2016
  • First Open Lien Mortgage Loan Amount: $70,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2032

    Market Valuation

  • Market Total Value: $112,700
  • Market Land Value: $26,200
  • Market Improvement Value: $86,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $112,700
  • Assessed Land Value: $26,200
  • Assessed Improvements Value: $86,500

    Sales

  • Current Sale Contract Date: Dec 09, 2016
  • Current Sale Recording Date: Dec 14, 2016
  • Current Sale Transaction ID: 1920781892
  • Current Sale Price: $87,500
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 201607769

    Last Sale Mortgage

  • First Mortgage Lender: STATE FARM BANK FSB
  • First Mortgage Transaction Date: Dec 14, 2016
  • First Mortgage Loan Amount: $70,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2032

About Henry



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Frequently Asked Questions

What neighborhood is 1228 West Fair Oaks Road located in?
The 1228 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 1228 West Fair Oaks Road?
The average sales price for units in 1228 West Fair Oaks Road is $0 currently.

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