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320 East Commercial Street

320 East Commercial Street, Hartford City, IN 47348
Property in Licking
Sold Dec 22, 2020
$82,500
$66,025 by First Merchants Bank
Mortgage Due Nov 01, 2050
Local assessors in Hartford City, IN have categorized 320 East Commercial Street as a residential type of property. The home was built in 1955 and is 69 years old. It was most recently renovated and altered in 1970. The property's lot size has been calculated to be 11,718 square feet. The linear feet between the front and back of the lot was measured at 1,301 ft and the front of the lot was measured at 900 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 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 single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 320 East Commercial Street has a total of 1,352 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 none system. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 768 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 wood 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 - C. The building has a roof that is made of asphalt. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 320 East Commercial Street sold most recently in Oct 29, 2020 for a total of $82,500. If you work out the math, that's approximately a cost of $61.02 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 $720 in taxes each year. 320 East Commercial Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $80,400. If we break it down further, the land itself was valued at $6,000. Improvements to the property, however, were assessed at a total of $74,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1955
  • Effective Year Built: 1970
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 768
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 11,718
  • Lot Size Depth Feet: 1,301
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,352
  • Building Area: 1,352
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,352
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Land Acres: 0.269
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FR NW 14 23 10 50 X 147' .15 AC & 40' X 134'

Ownership

  • Current Owner : MONTGOMERY RHEBA
  • Previous Owner : BOWEN JEFFREY M
  • Previous Owner 2: AGNES E BOWEN REVOCABLE TRUST
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Blackford County Schools
  • Census Tract: 975300

Zoning

  • Zoning: ZO01

Geography

  • Account Number: 005-00347-00
  • District: 0003
  • Parcel: 05-03-14-201-071.000-006
  • Municipality: LICKING TOWNSHIP
  • Latitude: 40.4485
  • Longitude: -85.3642

    Address

  • Full Address: 320 E Commercial St
  • Address - House Number: 320
  • Street Direction: E
  • Address - Street Name: Commercial
  • Address - Suffix Type: St
  • State: IN
  • City Name: Hartford City
  • Carrier Code: C004
  • 4-Digit Zip Code: 2518
  • Zip Code: 47348

Valuation

    Tax

  • Total Area: 1,352
  • Tax Year: 2022
  • Tax Amount: $720
  • Tax Rate Code Area: 5:HARTFORD

    Appraisal Valuation

  • Standard Deviation: 0.4876
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 2
  • Final Value: 85,937
  • High Value: 127,846
  • Low Value: 44,027

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $66,025
  • First Open Lien Mortgage Lender: FIRST MERCHANTS BANK
  • First Open Lien Mortgage Recording Date: Dec 22, 2020
  • First Open Lien Mortgage Loan Amount: $66,025
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2050

    Market Valuation

  • Market Total Value: $80,400
  • Market Land Value: $6,000
  • Market Improvement Value: $74,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,400
  • Assessed Land Value: $6,000
  • Assessed Improvements Value: $74,400

    Sales

  • Current Sale Contract Date: Oct 29, 2020
  • Current Sale Recording Date: Dec 22, 2020
  • Current Sale Transaction ID: 11814279877
  • Current Sale Price: $82,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20202109

    Last Sale Mortgage

  • First Mortgage Lender: FIRST MERCHANTS BANK
  • First Mortgage Transaction Date: Dec 22, 2020
  • First Mortgage Loan Amount: $66,025
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

About Hartford City



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Frequently Asked Questions

What neighborhood is 320 East Commercial Street located in?
The 320 East Commercial Street is a located in the neighborhood of Licking in Hartford City, Hartford City.
What is the average sales price for listings in 320 East Commercial Street?
The average sales price for units in 320 East Commercial Street is $0 currently.

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