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1431 Lanes Center Drive

1431 Lanes Center Drive, Spencer, IN 47460
Property in Washington
Sold Jul 08, 2020
$72,000
$45,650 by Farmers & Merchants Bank
Mortgage Due Jul 01, 2040
1431 Lanes Center Drive in Spencer, IN was first built in 1999 and is 25 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a mobile home style. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1431 Lanes Center Drive has 1,296 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 1,200 ft and the linear feet between the front and back of the lot is 1,350. In total, the area measurement of the land is 18,949 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 none system. We do not have data on where the property's water is sourced from. For those who need parking, there is a detached garage. The garage is 576 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 wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. 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. 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, 1431 Lanes Center Drive sold most recently in Jun 18, 2020 for a total of $72,000. If you work out the math, that's approximately a cost of $55.56 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 $520 in taxes each year. 1431 Lanes Center Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $104,200. If we break it down further, the land itself was valued at $15,400. Improvements to the property, however, were assessed at a total of $88,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1999
  • Effective Year Built: 1999
  • Total Rooms: 2
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Mobile home
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 18,949
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 1,296
  • Building Area: 1,296
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,296
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: LANE DEVELOPMENT
  • Land Acres: 0.435
  • Standard Land Use Code: Mobile/manufactured home (regardless of land ownership)
  • County Land Use Code: Intangable personal property
  • Mobile Home Indicator: T
  • Legal Description 1: LANES DEVELOPMENT LOT 28

Ownership

  • Current Owner : FARLEY ROBERT J
  • Current Owner 2: DAVIS ANDREA L
  • Previous Owner : HARRINGTON ELIZABETH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Spencer-Owen Community Schools
  • Census Tract: 955800

Geography

  • Assessors Map Reference: MP 31-1-20
  • Account Number: 601031200290280027
  • District: 0012
  • Section: 31
  • Parcel: 60-10-31-200-290.280-027
  • Lot: 28
  • Municipality: WASHINGTON TOWNSHIP
  • Latitude: 39.2653
  • Longitude: -86.7948

    Address

  • Full Address: 1431 Lanes Center Dr
  • Address - House Number: 1431
  • Address - Street Name: Lanes Center
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Spencer
  • Carrier Code: R006
  • 4-Digit Zip Code: 7054
  • Zip Code: 47460

Valuation

    Tax

  • Total Area: 1,296
  • Tax Year: 2023
  • Tax Amount: $520
  • Tax Rate Code Area: 27:WASHING

    Appraisal Valuation

  • Standard Deviation: 0.2987
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 40
  • Final Value: 206,986
  • High Value: 268,831
  • Low Value: 145,140

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $45,650
  • First Open Lien Mortgage Lender: FARMERS & MERCHANTS BANK
  • First Open Lien Mortgage Recording Date: Jul 08, 2020
  • First Open Lien Mortgage Loan Amount: $45,650
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2040

    Market Valuation

  • Market Total Value: $104,200
  • Market Land Value: $15,400
  • Market Improvement Value: $88,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $104,200
  • Assessed Land Value: $15,400
  • Assessed Improvements Value: $88,800

    Sales

  • Current Sale Contract Date: Jun 18, 2020
  • Current Sale Recording Date: Jul 08, 2020
  • Current Sale Transaction ID: 11772122683
  • Current Sale Price: $72,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 220907

    Last Sale Mortgage

  • First Mortgage Lender: FARMERS & MERCHANTS BANK
  • First Mortgage Transaction Date: Jul 08, 2020
  • First Mortgage Loan Amount: $45,650
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2040

About Owen



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Frequently Asked Questions

What neighborhood is 1431 Lanes Center Drive located in?
The 1431 Lanes Center Drive is a located in the neighborhood of Washington in Owen, Spencer.
What is the average sales price for listings in 1431 Lanes Center Drive?
The average sales price for units in 1431 Lanes Center Drive is $0 currently.

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