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487 West 550 North

487 West 550 North, Kokomo, IN 46901
Property in Clay
Sold Apr 03, 2018
$135,000
$90,000 by Ruoff Mortgage Company Inc
Mortgage Due Mar 01, 2051
Sold Apr 02, 2018
$135,000
Buyer
Seller
487 West 550 North in Kokomo, IN was first built in 1967 and is 57 years old. This has been categorized as a residential property type. It is a single story home. 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. 487 West 550 North has 1,560 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. In total, the area measurement of the land is 43,560 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 none system. We do not have data on where the property's water is sourced from. For those who need parking, there is a detached garage. The garage is 720 sqft. There are a total of 3 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete block control joints. 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 and being fueled with gas. The property was last sold in Apr 2, 2018 for $135,000. That's $86.54 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $135,000. 487 West 550 North was last assessed in 2022. The total value of the property was assessed at $165,200. Specifically, the land the property is located on was valued at $31,400. While improvements on the property were assessed at a total of $133,800. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $1,059. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • 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
  • Construction Type: Concrete block
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 720
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,560
  • Gross Building Area: 1,560
  • Building Area: 1,560
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,560
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Motor vehicles (cars, trucks, etc.)
  • Legal Description 1: PT W2 SE4 1-24-3 1AC

Ownership

  • Current Owner : CATT JEFFERY D
  • Current Owner 2: CATT KIMBERLY
  • Previous Owner : BOSTIC PHILIP A
  • Previous Owner 2: BOSTIC GLENDA R
  • Owner Before Previous Owner: BOSTIC RUTH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Northwestern School Corporation
  • Census Tract: 010300

Geography

  • Assessors Map Reference: 03-01-000-037
  • District: 0002
  • Section: 1
  • Parcel: 34-03-01-400-001.000-017
  • Municipality: CLAY TOWNSHIP
  • Latitude: 40.5555
  • Longitude: -86.1362

    Address

  • Full Address: 487 W 550 N
  • Address - House Number: 487
  • Street Segment Direction: N
  • Street Direction: W
  • Address - Street Name: 550
  • State: IN
  • City Name: Kokomo
  • Carrier Code: R003
  • 4-Digit Zip Code: 9185
  • Zip Code: 46901

Valuation

    Tax

  • Total Area: 1,560
  • Tax Year: 2022
  • Tax Amount: $1,059
  • Tax Rate Code Area: 017

    Appraisal Valuation

  • Standard Deviation: 0.2239
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 69
  • Final Value: 217,022
  • High Value: 265,635
  • Low Value: 168,410

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $90,000
  • First Open Lien Mortgage Lender: RUOFF MORTGAGE COMPANY INC
  • First Open Lien Mortgage Recording Date: Feb 18, 2021
  • First Open Lien Mortgage Loan Amount: $90,000
  • 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

    Market Valuation

  • Market Total Value: $165,200
  • Market Land Value: $31,400
  • Market Improvement Value: $133,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $165,200
  • Assessed Land Value: $31,400
  • Assessed Improvements Value: $133,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 02, 2018
  • Current Sale Recording Date: Apr 03, 2018
  • Current Sale Transaction ID: 11808123423
  • Current Sale Price: $135,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 6001
  • Previous Sale Recording Date: Apr 02, 2018
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST FARMERS BANK & TRUST
  • First Mortgage Transaction Date: Apr 03, 2018
  • First Mortgage Loan Amount: $90,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2048

About Howard



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Frequently Asked Questions

What neighborhood is 487 West 550 North located in?
The 487 West 550 North is a located in the neighborhood of Clay in Howard, Kokomo.
What is the average sales price for listings in 487 West 550 North?
The average sales price for units in 487 West 550 North is $0 currently.

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