40 Farmhouse Lane South

Local assessors in Springville, AL have categorized 40 Farmhouse Lane South as a residential type of property. The home was built in 2020 and is 4 years old. The property's lot size has been calculated to be 7,841 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. 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 40 Farmhouse Lane South has a total of 1,587 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. Moving onto specific details regarding the building. Our sources show that the building condition is poor. 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 - D+. The building has a gable or hip style roof that was made of shingle (not wood). Lots of unknown were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 40 Farmhouse Lane South was last sold in Dec 30, 2020 for $220,900. According to our calculations, that's $139.19 per sqft. Current property owners are expected to pay $758 in taxes per year. The property on 40 Farmhouse Lane South was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $42,120. To break that down further, the land itself was valued at $9,800. While improvements to the property were assessed at a total of $32,320. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.