203 North Posey Street

203 North Posey Street has been categorized by the local assessors in Salem, IN as a residential type of property. The building on the property was first built in 1912 and is 112 years old. However, we must point out that the home was most recently renovated and altered in 1940. The home has a total of 3 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. 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 North Posey Street has 1,457 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 1,457 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,850 ft and across the front of the lot is 930 ft. The area measurement of the land has been determined as 18,731 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 detached garage for those who require parking. The garage measured 480 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 wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D+ 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. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. The property was last sold in Apr 22, 2020 for $77,000. That's $52.85 per sqft. Prior to that sales transaction, the property was also sold in Nov 21, 2016 for $78,900. 203 North Posey Street was last assessed in 2023. The total value of the property was assessed at $107,500. Specifically, the land the property is located on was valued at $16,300. While improvements on the property were assessed at a total of $91,200. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $956. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.