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1246 Meadowbrook Lane

1246 Meadowbrook Lane, Franklin, IN 46131
Property in Needham
Sold Apr 20, 2021
$525,000
$420,000 by Provident Funding Assoc Lp
Mortgage Due May 01, 2051
Sold Sep 18, 2020
$468,800
$375,000 by Jackson County Bank
Mortgage
Local assessors in Franklin, IN have categorized 1246 Meadowbrook Lane as a residential type of property. The home was built in 2020 and is 4 years old. The property's lot size has been calculated to be 14,288 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 3 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 3 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 1246 Meadowbrook Lane has a total of 3,099 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 1,910 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 - B+. 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 1246 Meadowbrook Lane sold most recently in Apr 16, 2021 for a total of $525,000. If you work out the math, that's approximately a cost of $169.41 per sqft. Before that, the property was also sold for $468,800 in Sep 1, 2020. 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 $5,643 in taxes each year. 1246 Meadowbrook Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $671,400. If we break it down further, the land itself was valued at $89,500. Improvements to the property, however, were assessed at a total of $581,900. 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: 2020
  • Effective Year Built: 2020
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Average
  • Building Quality: B+
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 1,910
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 14,288
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,099
  • Building Area: 3,099
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,099
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: HOMESTEADS AT HILLVIEW SEC 1
  • Land Acres: 0.328
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HOMESTEADS AT HILLVIEW SEC 1 LOT 36 MP FRANKLIN COMMUNI

Ownership

  • Current Owner : HORD AMY
  • Previous Owner : WAUGH MICHAEL G
  • Previous Owner 2: WAUGH KATHLEEN
  • Owner Before Previous Owner: HILLVIEW PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin Community School Corporation
  • Census Tract: 611100

Geography

  • Account Number: 410813011032000018
  • District: 0005
  • Section: 1
  • Parcel: 41-08-13-011-032.000-018
  • Lot: 36
  • Municipality: NEEDHAM TOWNSHIP
  • Latitude: 39.4924
  • Longitude: -86.0287

    Address

  • Full Address: 1246 Meadowbrook Ln
  • Address - House Number: 1246
  • Address - Street Name: Meadowbrook
  • Address - Suffix Type: Ln
  • State: IN
  • City Name: Franklin
  • Carrier Code: R009
  • 4-Digit Zip Code: 5515
  • Zip Code: 46131

Valuation

    Tax

  • Total Area: 3,099
  • Tax Year: 2022
  • Tax Amount: $5,643
  • Tax Rate Code Area: 18:FRNKLN-

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 78
  • Final Value: 651,093
  • High Value: 762,611
  • Low Value: 539,576

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $570,000
  • First Open Lien Mortgage Lender: PROVIDENT FUNDING ASSOC LP
  • First Open Lien Mortgage Recording Date: Apr 20, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $420,000
  • 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: May 01, 2051
  • Second Open Lien Mortgage Lender: THE HUNTINGTON NATIONAL BANK
  • Second Open Lien Mortgage Recording Date: Jul 25, 2023
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $150,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jul 13, 2053

    Market Valuation

  • Market Total Value: $671,400
  • Market Land Value: $89,500
  • Market Improvement Value: $581,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $671,400
  • Assessed Land Value: $89,500
  • Assessed Improvements Value: $581,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 16, 2021
  • Current Sale Recording Date: Apr 20, 2021
  • Current Sale Transaction ID: 11833583674
  • Current Sale Price: $525,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-011763
  • Previous Sale Recording Date: Sep 18, 2020
  • Previous Sale Contract Date: Sep 01, 2020
  • Previous Sale Amount: $468,800
  • Previous Sale Document Type: Limited Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROVIDENT FUNDING ASSOC LP
  • First Mortgage Transaction Date: Apr 20, 2021
  • First Mortgage Loan Amount: $420,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: JACKSON COUNTY BANK
  • Previous Mortgage Transaction Date: Sep 18, 2020
  • Previous Mortgage Loan Amount: $375,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Franklin



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Frequently Asked Questions

What neighborhood is 1246 Meadowbrook Lane located in?
The 1246 Meadowbrook Lane is a located in the neighborhood of Needham in Franklin, Franklin.
What is the average sales price for listings in 1246 Meadowbrook Lane?
The average sales price for units in 1246 Meadowbrook Lane is $0 currently.

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