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2551 Franks Drive

2551 Franks Drive, Madison, IN 47250
House in Madison
Local assessors in Madison, IN have categorized 2551 Franks Drive as a type of property. The home was built in 1977 and is 49 years old. The property's lot size has been calculated to be 17,700 square feet. The linear feet between the front and back of the lot was measured at 1,770 ft and the front of the lot was measured at 1,000 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a 100 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2551 Franks Drive has a total of 1,204 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a for those who need a place to park their vehicle. The garage on the property is 300 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is . It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - . The building has a roof that is made of . Residents rely on for their cooling system. The home's is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 2551 Franks Drive sold most recently in Apr 10, 2023 for a total of $210,000. If you work out the math, that's approximately a cost of $174.42 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 $227,000 in taxes each year. 2551 Franks Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $129,400. If we break it down further, the land itself was valued at $15,000. Improvements to the property, however, were assessed at a total of $114,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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.

Building Features

Condition

New Construction

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20230118
01/18/2023
3 Bed
1.5 Bath
1204 ft²
$222,500
bedrooms
3 Bed
bathrooms
1.5 Bath
square feet
1204 ft²
-
-
Steve Woolum
Woolum Real Estate


Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 300
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,700
  • Lot Size Depth Feet: 1,770
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,204
  • Building Area: 1,204
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,204
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HENSLER HEIGHTS
  • Land Acres: 0000000406
  • Standard Land Use Code: 1001
  • County Land Use Code: 1
  • Legal Description 1: 011-05586-00 LOT 98 HENSLER HTS 10-79-62 2551 FRANKS DR

Neighborhood

  • School District Name: Madison Consolidated Schools
  • Census Tract: 966500

Geography

  • Assessors Map Reference: MP 52.000
  • Account Number: 0110558600
  • District: 0004
  • Parcel: 39-08-23-100-061.000-007
  • Lot: 98
  • Municipality: MADISON TOWNSHIP
  • Latitude: 38.7759
  • Longitude: -85.3764

    Address

  • Full Address: 2551 Franks Dr
  • Address - House Number: 2551
  • Address - Street Name: Franks
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Madison
  • Carrier Code: C005
  • 4-Digit Zip Code: 2414
  • Zip Code: 47250

Valuation

    Tax

  • Total Area: 1,504
  • Tax Year: 2022
  • Tax Amount: $227,000
  • Tax Rate Code Area: 4:MADISON

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 81
  • Final Value: 206,488
  • High Value: 237,665
  • Low Value: 175,312

    Market Valuation

  • Market Total Value: $129,400
  • Market Land Value: $15,000
  • Market Improvement Value: $114,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $129,400
  • Assessed Land Value: $15,000
  • Assessed Improvements Value: $114,400

    Sales

  • Current Sale Contract Date: Apr 10, 2023
  • Current Sale Recording Date: Apr 13, 2023
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2023-0013214
Data used for valuation calculations is provided by RealtyHop, and other third party sources

About Madison



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Frequently Asked Questions

What neighborhood is 2551 Franks Drive located in?
The 2551 Franks Drive is a house located in the neighborhood of Madison in Madison, Madison.
What is the average sales price for listings in 2551 Franks Drive?
The average sales price for units in 2551 Franks Drive is $0 currently.