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407 North Main Street

407 North Main Street, Frankfort, IN 46041
Property in Center
Local assessors in Frankfort, IN have categorized 407 North Main Street as a commercial type of property. The home was built in 1917 and is 107 years old. The property's lot size has been calculated to be 21,272 square feet. The linear feet between the front and back of the lot was measured at 1,064 ft and the front of the lot was measured at 2,000 ft. This is a 5 story home so residents will need to have climb at least one set of stairs on a daily basis.

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. 407 North Main Street is a 4 code building. This code stands for "buildings that have wood or wood and steel frames.". The home sources its water from a water 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. 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 home has been utilizing gas for fuel. 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, 407 North Main Street was last sold in May 6, 2016 for $110,000. According to our calculations, that's $2.51 per sqft. Prior to that sales transaction, the property was sold for $110,000 in May 6, 2016. Current property owners are expected to pay $3,592 in taxes per year. The property on 407 North Main Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $187,200. To break that down further, the land itself was valued at $43,400. While improvements to the property were assessed at a total of $143,800. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1917
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Floor Count: 5
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 9,360
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 21,272
  • Lot Size Depth Feet: 1,064
  • Lot Size Frontage Feet: 2,000
  • Total Building Area: 43,874
  • Gross Building Area: 43,874
  • Building Area: 43,874
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Building Type: Wood &/or steel frames
  • Property Class: Commercial
  • Land Acres: 0.489
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: 016-14008-00 PT NE 10-21-1W .7409A 4087-A2-4087-A-4145

Ownership

  • Current Owner : REICHERT INVESTMENTS LLC
  • Previous Owner : NATIONAL CIGAR CORP
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Frankfort Community Schools
  • Census Tract: 950500

Geography

  • Assessors Map Reference: MP 016-36-036
  • Account Number: 01636101,146,098
  • District: 0001
  • Section: 10
  • Parcel: 12-10-10-210-017.000-021
  • Municipality: CENTER TOWNSHIP
  • Latitude: 40.284
  • Longitude: -86.5114

    Address

  • Full Address: 407 N Main St
  • Address - House Number: 407
  • Street Direction: N
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: IN
  • City Name: Frankfort
  • Carrier Code: C008
  • 4-Digit Zip Code: 1729
  • Zip Code: 46041

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,592
  • Tax Rate Code Area: 21:FRANKFO

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $88,000
  • First Open Lien Mortgage Lender: THE FARMERS BANK
  • First Open Lien Mortgage Recording Date: May 06, 2016
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $88,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: May 04, 2031

    Market Valuation

  • Market Total Value: $187,200
  • Market Land Value: $43,400
  • Market Improvement Value: $143,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $187,200
  • Assessed Land Value: $43,400
  • Assessed Improvements Value: $143,800

    Sales

  • Current Sale Contract Date: May 06, 2016
  • Current Sale Recording Date: May 06, 2016
  • Current Sale Transaction ID: 1650906404
  • Current Sale Price: $110,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2016-1538
  • Previous Sale Recording Date: May 06, 2016
  • Previous Sale Contract Date: May 06, 2016
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE FARMERS BANK
  • First Mortgage Transaction Date: May 06, 2016
  • First Mortgage Loan Amount: $88,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: May 04, 2031

    Financing

  • First Mortgage Financing Type: Variable

About Frankfort



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Frequently Asked Questions

What neighborhood is 407 North Main Street located in?
The 407 North Main Street is a located in the neighborhood of Center in Frankfort, Frankfort.
What is the average sales price for listings in 407 North Main Street?
The average sales price for units in 407 North Main Street is $0 currently.

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