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203 Lancaster Circle

203 Lancaster Circle, New Albany, IN 47150
House in New Albany
Sold Sep 02, 2022
Transfer
Sold Apr 01, 2020
$243,800
$195,000 by Park Community Cu
Mortgage Due Apr 01, 2050
203 Lancaster Circle has been categorized by the local assessors in New Albany, IN as a residential type of property. The building on the property was first built in 1985 and is 39 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 203 Lancaster Circle has 2,720 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,420 ft and across the front of the lot is 1,030 ft. The area measurement of the land has been determined as 14,636 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 attached garage for those who require parking. The garage measured 575 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B- by the local assessor. The roof of the building is made of asphalt. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $243,800 in Mar 31, 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 $1,985 in taxes each year. 203 Lancaster Circle was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $187,300. If we break it down further, the land itself was valued at $29,600. Improvements to the property, however, were assessed at a total of $157,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Parking

On-Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: B-
  • Construction Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 575
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 14,636
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 1,030
  • Total Building Area: 2,720
  • Building Area: 2,720
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,720
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LANCASTER WOODS ESTATES 908
  • Land Acres: 0.336
  • Standard Land Use Code: Single family residential
  • Legal Description 1: P 908 L 18 .3356 AC.

Ownership

  • Current Owner : FAITH PAULA M
  • Current Owner 2: FAITH CHRISTOPHER A
  • Previous Owner : MICHELLE WALKER PAULA
  • Owner Before Previous Owner: JOHNSON BRAD A
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: New Albany-Floyd County Consolidated Schools
  • Census Tract: 071007

Geography

  • Assessors Map Reference: 05-02-2N1-039
  • Account Number: 0084350018
  • District: 0005
  • Parcel: 22-05-02-200-815.000-008
  • Municipality: NEW ALBANY TOWNSHIP
  • Latitude: 38.3299
  • Longitude: -85.8332

    Address

  • Full Address: 203 Lancaster Woods
  • Address - House Number: 203
  • Address - Street Name: Lancaster Woods
  • State: IN
  • City Name: New Albany
  • Carrier Code: C033
  • 4-Digit Zip Code: 2226
  • Zip Code: 47150

Valuation

    Tax

  • Total Area: 2,720
  • Tax Year: 2023
  • Tax Amount: $1,985
  • Tax Rate Code Area: 8:NEW ALBA

    Appraisal Valuation

  • Standard Deviation: 0.2187
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 299,144
  • High Value: 364,575
  • Low Value: 233,713

    Market Valuation

  • Market Total Value: $187,300
  • Market Land Value: $29,600
  • Market Improvement Value: $157,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $187,300
  • Assessed Land Value: $29,600
  • Assessed Improvements Value: $157,700

    Sales

  • Current Sale Contract Date: Aug 29, 2022
  • Current Sale Recording Date: Sep 02, 2022
  • Current Sale Transaction ID: 11895474095
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 10416
  • Previous Sale Recording Date: Apr 01, 2020
  • Previous Sale Contract Date: Mar 31, 2020
  • Previous Sale Amount: $243,800
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: PARK COMMUNITY CU
  • Previous Mortgage Transaction Date: Apr 01, 2020
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $195,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Apr 01, 2050

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Frequently Asked Questions

What neighborhood is 203 Lancaster Circle located in?
The 203 Lancaster Circle is a house located in the neighborhood of New Albany in New Albany, New Albany.
What is the average sales price for listings in 203 Lancaster Circle?
The average sales price for units in 203 Lancaster Circle is $0 currently.

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