250 Lafayette Road

250 Lafayette Road has been categorized by the local assessors in London, OH as a office type of property. The building on the property was first built in 1950 and is 74 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 250 Lafayette Road has 1,080 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 19,733 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. Moving on to the building itself. The condition of the building has been evaluated as poor. 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 brick control joints. The exterior walls of the building are made of brick. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating 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. According to our sources, 250 Lafayette Road sold most recently in Feb 21, 1997 for a total of $21,000. If you work out the math, that's approximately a cost of $19.44 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 $3,060 in taxes each year. The initial year of tax delinquency occurred in 2020. 250 Lafayette Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $67,410. If we break it down further, the land itself was valued at $37,260. Improvements to the property, however, were assessed at a total of $30,150. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.