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1245 Reichart Drive

1245 Reichart Drive, Westfield, IN 46074
Property in Washington
Sold Feb 09, 2017
$314,100
$309,878 by Access National Mortgage Inc
Mortgage Due Mar 01, 2047
Sold Oct 13, 2016
Transfer
1245 Reichart Drive has been categorized by the local assessors in Westfield, IN as a residential type of property. The building on the property was first built in 2016 and is 8 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1245 Reichart Drive has 3,250 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 10,019 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 680 sqft. According to our sources, there are a total of 2 available parking spaces. 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 frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The roof of the building is made of asphalt. 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. There is a single fireplace in the home. Perfect for those wintery nights. 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, 1245 Reichart Drive sold most recently in Feb 1, 2017 for a total of $314,100. If you work out the math, that's approximately a cost of $79.92 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 $4,032 in taxes each year. 1245 Reichart Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $383,800. If we break it down further, the land itself was valued at $63,300. Improvements to the property, however, were assessed at a total of $320,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 680
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 3,930
  • Gross Building Area: 3,930
  • Building Area: 3,250
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,250
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: WILLIAM TRACE AT SPRINGMILL TRAILS SECTI
  • Land Acres: 0.23
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: ACREAGE .23, SECTION 34, TOWNSHIP 19, RANGE 3, WILLIAM TRACE AT SPRINGMILL TRAILS, SECTION 1, LOT 5, IRREGULAR SHAPE

Ownership

  • Current Owner : SMITH JAMES S
  • Current Owner 2: SMITH ALLISON
  • Previous Owner : NVR INC
  • Owner Before Previous Owner: GT PROPERTY DEVELOPMENT LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Westfield-Washington Schools
  • Census Tract: 110302

Geography

  • District: 0008
  • Parcel: 29-05-34-008-005.000-015
  • Lot: 5
  • Meridian: SEC 34 TWN 19 RNG 03
  • Municipality: DAVIESS TOWNSHIP
  • Latitude: 40.0534
  • Longitude: -86.1817

    Address

  • Full Address: 1245 Reichart Dr
  • Address - House Number: 1245
  • Address - Street Name: Reichart
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Westfield
  • Carrier Code: R023
  • 4-Digit Zip Code: 7851
  • Zip Code: 46074

Valuation

    Tax

  • Total Area: 3,250
  • Tax Year: 2022
  • Tax Amount: $4,032
  • Tax Rate Code Area: 9

    Appraisal Valuation

  • Standard Deviation: 0.1803
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 76
  • Final Value: 507,491
  • High Value: 599,040
  • Low Value: 415,943

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $397,378
  • First Open Lien Mortgage Lender: ACCESS NATIONAL MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Feb 09, 2017
  • First Open Lien Mortgage Loan Amount: $309,878
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2047
  • Second Open Lien Mortgage Lender: FORUM CREDIT UNION
  • Second Open Lien Mortgage Recording Date: May 05, 2023
  • Second Open Lien Mortgage Loan Amount: $87,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $383,800
  • Market Land Value: $63,300
  • Market Improvement Value: $320,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $383,800
  • Assessed Land Value: $63,300
  • Assessed Improvements Value: $320,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 01, 2017
  • Current Sale Recording Date: Feb 09, 2017
  • Current Sale Transaction ID: 1806695297
  • Current Sale Price: $314,100
  • Current Sale Document Type: Limited Warranty Deed
  • Current Sale Input Document Number: 2017005976
  • Previous Sale Recording Date: Oct 13, 2016
  • Previous Sale Contract Date: Oct 05, 2016
  • Previous Sale Document Type: Limited Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ACCESS NATIONAL MORTGAGE INC
  • First Mortgage Transaction Date: Feb 09, 2017
  • First Mortgage Loan Amount: $309,878
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2047

About Hamilton



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Frequently Asked Questions

What neighborhood is 1245 Reichart Drive located in?
The 1245 Reichart Drive is a located in the neighborhood of Washington in Hamilton, Westfield.
What is the average sales price for listings in 1245 Reichart Drive?
The average sales price for units in 1245 Reichart Drive is $0 currently.

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