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2016 Lake Drive

2016 Lake Drive, Anderson, IN 46012
Property in Richland
Sold Jun 30, 2005
$124,900
$99,920 by Suntrust Mortgage Inc
Mortgage Due Jul 01, 2035
2016 Lake Drive in Anderson, IN was first built in 1964 and is 60 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 9 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 2016 Lake Drive has 2,043 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 basement is 490 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 1,740 ft and the linear feet between the front and back of the lot is 1,780. In total, the area measurement of the land is 30,972 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 a water system. For those who need parking, there is a mixed used garage. The garage is 852 sqft. There are a total of 3 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 brick control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C+. 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. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter 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, 2016 Lake Drive sold most recently in Jun 24, 2005 for a total of $124,900. If you work out the math, that's approximately a cost of $61.14 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 $1,980 in taxes each year. 2016 Lake Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $180,300. If we break it down further, the land itself was valued at $32,700. Improvements to the property, however, were assessed at a total of $147,600. 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: 1964
  • Effective Year Built: 1964
  • Total Rooms: 9
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Brick
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Partial basement
  • Basement Area: 490
  • Garage Type: Mixed use
  • Garage Square Area: 852
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 30,972
  • Lot Size Depth Feet: 1,780
  • Lot Size Frontage Feet: 1,740
  • Total Building Area: 2,043
  • Building Area: 2,043
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,043
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: NORWOOD HILLS FIFTH CONTINUATION
  • Land Acres: 0.711
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NORWOOD HILLS 5TH 0.0000ACRES STR: 00000 SECTION: PLAT: 00 IN: OUT:

Ownership

  • Current Owner : SHERMAN FREDERICK GARY
  • Previous Owner : ROBERSON VICKIE S
  • Previous Owner 2: POWER RICK J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Anderson Community School Corporation
  • Census Tract: 001300

Geography

  • Assessors Map Reference: MP I11-
  • Account Number: 13-0426-1-009
  • District: 0011
  • Parcel: 48-07-31-400-061.000-029
  • Municipality: RICHLAND TOWNSHIP
  • Latitude: 40.1357
  • Longitude: -85.6521

    Address

  • Full Address: 2016 Lake Dr
  • Address - House Number: 2016
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Anderson
  • Carrier Code: C006
  • 4-Digit Zip Code: 1815
  • Zip Code: 46012

Valuation

    Tax

  • Total Area: 2,533
  • Tax Year: 2022
  • Tax Amount: $1,980
  • Tax Rate Code Area: 13:RICHLAN

    Appraisal Valuation

  • Standard Deviation: 0.4716
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 5
  • Final Value: 175,074
  • High Value: 257,655
  • Low Value: 92,492

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $124,900
  • First Open Lien Mortgage Lender: SUNTRUST MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jun 30, 2005
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $99,920
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2035
  • Second Open Lien Mortgage Lender: SUNTRUST MORTGAGE INC
  • Second Open Lien Mortgage Recording Date: Jun 30, 2005
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $24,980
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second
  • Second Open Lien Mortgage Loan Due Date: Jul 01, 2035

    Market Valuation

  • Market Total Value: $180,300
  • Market Land Value: $32,700
  • Market Improvement Value: $147,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $180,300
  • Assessed Land Value: $32,700
  • Assessed Improvements Value: $147,600

    Sales

  • Current Sale Contract Date: Jun 24, 2005
  • Current Sale Recording Date: Jun 30, 2005
  • Current Sale Transaction ID: 1149669472
  • Current Sale Price: $124,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2005013701

    Last Sale Mortgage

  • First Mortgage Lender: SUNTRUST MORTGAGE INC
  • First Mortgage Transaction Date: Jun 30, 2005
  • First Mortgage Loan Amount: $99,920
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jul 01, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Madison



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Frequently Asked Questions

What neighborhood is 2016 Lake Drive located in?
The 2016 Lake Drive is a located in the neighborhood of Richland in Madison, Anderson.
What is the average sales price for listings in 2016 Lake Drive?
The average sales price for units in 2016 Lake Drive is $0 currently.

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