1516 North Main Street

1516 North Main Street in Monticello, IN was first built in 1950 and is 74 years old. Although, the building on the property was most recently renovated and altered in 1984. This has been categorized as a unknown property type. It is a single story home. In total, the area measurement of the land is 82,808 square feet.

Learn more about the property and building on this page. The building type has been coded as 4. The code stands for unknown. Water for the property is sourced from unknown system. The property is connected to a sewer system. 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 unknown control joints. The quality of the control joints have been graded by the local assessor with a letter grade of unknown. The condition of the building has been evaluated as unknown. As for heating, the home is utilizing unknown. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $3,247 in taxes each year. 1516 North Main Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $138,400. If we break it down further, the land itself was valued at $88,200. Improvements to the property, however, were assessed at a total of $50,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.