2005 Community Lane

2005 Community Lane has been categorized by the local assessors in Midland, TX as a type of property. The building on the property was first built in 1950 and is 76 years old. In addition, 2005 Community Lane has 2,655 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 14,810 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 for those who require parking. The garage measured 336 sqft. According to our sources, there is one available parking space. The inside of the home is being cooled with at the moment. There is a single fireplace in the home. Perfect for those wintery nights. 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, 2005 Community Lane sold most recently in Aug 18, 2023 for a total of $485,450. If you work out the math, that's approximately a cost of $182.84 per sqft. Before that, the property was also sold for $569,400 in Sep 14, 2020. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $732,255 in taxes each year. 2005 Community Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $587,340. If we break it down further, the land itself was valued at $37,340. Improvements to the property, however, were assessed at a total of $550,000. 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.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.