408 South 2nd Street

408 South 2nd Street has been categorized by the local assessors in Yakima, WA as a commercial type of property. The building on the property was first built in 1974 and is 50 years old. However, we must point out that the home was most recently renovated and altered in 1975. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 408 South 2nd Street has 3,219 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,659 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The exterior walls of the building are made of wood. The inside of the home is being cooled with a packaged air conditioning unit at the moment. In terms of heating, it is utilizing a heating system and being fueled with gas. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 408 South 2nd Street sold most recently in Mar 30, 2021 for a total of $202,000. If you work out the math, that's approximately a cost of $62.75 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 $2,079 in taxes each year. The initial year of tax delinquency occurred in 2016. 408 South 2nd Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $209,200. If we break it down further, the land itself was valued at $25,000. Improvements to the property, however, were assessed at a total of $184,200. 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.