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400 East Adams

400 East Adams, Franklin, IN 46131
House in Franklin
Sold Nov 13, 2019
$286,900
$228,000 by Ruoff Mortgage Co Inc
Mortgage Due Mar 01, 2051
400 East Adams in Franklin, IN was first built in 1890 and is 134 years old. Although, the building on the property was most recently renovated and altered in 1990. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 400 East Adams has 2,788 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 690 ft and the linear feet between the front and back of the lot is 760. In total, the area measurement of the land is 5,284 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a attached garage. The garage is 672 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C+. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central 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, 400 East Adams sold most recently in Nov 8, 2019 for a total of $286,900. If you work out the math, that's approximately a cost of $102.91 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 $2,579 in taxes each year. 400 East Adams was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $273,000. If we break it down further, the land itself was valued at $11,600. Improvements to the property, however, were assessed at a total of $261,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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

Exterior

Wood Exterior

Parking

Attached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1990
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C+
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 672
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,284
  • Lot Size Depth Feet: 760
  • Lot Size Frontage Feet: 690
  • Total Building Area: 2,788
  • Building Area: 2,788
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,788
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: HICKS & TILTON ADD
  • Land Acres: 0.121
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HICKS & TILTON ADD #8 PT LOT 7 MP FRANKLIN COMMUNI

Ownership

  • Current Owner : SCHABEL TARRANCE L
  • Current Owner 2: SCHABEL KIMBERLY S
  • Previous Owner : OWEN JEFFREY W
  • Previous Owner 2: OWEN CATHERINE S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin Community School Corporation
  • Census Tract: 611000

Geography

  • Account Number: 51001432034/00
  • District: 0003
  • Parcel: 41-08-14-041-110.000-009
  • Lot: 7
  • Municipality: FRANKLIN TOWNSHIP
  • Latitude: 39.4838
  • Longitude: -86.0497

    Address

  • Full Address: 400 E Adams St
  • Address - House Number: 400
  • Street Direction: E
  • Address - Street Name: Adams
  • Address - Suffix Type: St
  • State: IN
  • City Name: Franklin
  • Carrier Code: C003
  • 4-Digit Zip Code: 1826
  • Zip Code: 46131

Valuation

    Tax

  • Total Area: 2,788
  • Tax Year: 2022
  • Tax Amount: $2,579
  • Tax Rate Code Area: 9:FRANKLIN

    Appraisal Valuation

  • Standard Deviation: 0.2523
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 64
  • Final Value: 348,719
  • High Value: 436,728
  • Low Value: 260,710

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $248,124
  • First Open Lien Mortgage Lender: RUOFF MORTGAGE CO INC
  • First Open Lien Mortgage Recording Date: Feb 10, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $228,000
  • 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: Mar 01, 2051
  • Second Open Lien Mortgage Lender: FIRST MERCHANTS BANK NA
  • Second Open Lien Mortgage Recording Date: May 12, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $20,124
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: May 04, 2051

    Market Valuation

  • Market Total Value: $273,000
  • Market Land Value: $11,600
  • Market Improvement Value: $261,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $273,000
  • Assessed Land Value: $11,600
  • Assessed Improvements Value: $261,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 08, 2019
  • Current Sale Recording Date: Nov 13, 2019
  • Current Sale Transaction ID: 11706807533
  • Current Sale Price: $286,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019-025969

    Last Sale Mortgage

  • First Mortgage Lender: RUOFF MORTGAGE CO INC
  • First Mortgage Transaction Date: Nov 13, 2019
  • First Mortgage Loan Amount: $229,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2049

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Franklin



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Frequently Asked Questions

What neighborhood is 400 East Adams located in?
The 400 East Adams is a house located in the neighborhood of Franklin in Franklin, Franklin.
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