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505 Elm Street

505 Elm Street, Morgantown, WV 26501
House in South Park
Sold Jun 03, 2020
$90,000
$80,991 by First United Bank & Trust
Mortgage Due Jun 01, 2050
Local assessors in Morgantown, WV have categorized 505 Elm Street as a residential type of property. The home was built in 1921 and is 103 years old. The property's lot size has been calculated to be 3,267 square feet. The linear feet between the front and back of the lot was measured at 730 ft and the front of the lot was measured at 450 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 505 Elm Street has a total of 1,730 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. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. 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 frame 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 - B-. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. The property was last sold in Apr 21, 2020 for $90,000. That's $52.02 per sqft. 505 Elm Street was last assessed in 2023. The total value of the property was assessed at $108,900. Specifically, the land the property is located on was valued at $38,700. While improvements on the property were assessed at a total of $70,200. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,437. 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. 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.

Building Features

Parking

Off Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1921
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 7
  • Building Quality: B-
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,267
  • Lot Size Depth Feet: 730
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,730
  • Building Area: 1,730
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,730
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SOUTHER PARK ADDITION
  • Land Acres: 0.075
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BL 20, LOT 10 505 ELM ST

Ownership

  • Current Owner : WOTRING LOGAN M
  • Previous Owner : FEDERAL HOME LOAN MORTGAGE CORPORATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Monongalia School District
  • Census Tract: 010902

Geography

  • District: 10
  • Parcel: 31-10- 36-0502.0000
  • Lot: 10,505
  • Municipality: MORGANTOWN SECOND WA
  • Latitude: 39.6215
  • Longitude: -79.9559

    Address

  • Full Address: 505 Elm St
  • Address - House Number: 505
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: WV
  • City Name: Morgantown
  • Carrier Code: C041
  • 4-Digit Zip Code: 6521
  • Zip Code: 26501

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,437

    Appraisal Valuation

  • Standard Deviation: 0.242
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 66
  • Final Value: 212,937
  • High Value: 264,472
  • Low Value: 161,402

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $80,991
  • First Open Lien Mortgage Lender: FIRST UNITED BANK & TRUST
  • First Open Lien Mortgage Recording Date: Jun 03, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $80,991
  • 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: Jun 01, 2050

    Market Valuation

  • Market Total Value: $181,500
  • Market Land Value: $64,500
  • Market Improvement Value: $117,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $108,900
  • Assessed Land Value: $38,700
  • Assessed Improvements Value: $70,200

    Sales

  • Current Sale Contract Date: Apr 21, 2020
  • Current Sale Recording Date: Jun 03, 2020
  • Current Sale Transaction ID: 11767770754
  • Current Sale Price: $90,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 792549

    Last Sale Mortgage

  • First Mortgage Lender: FIRST UNITED BANK & TRUST
  • First Mortgage Transaction Date: Jun 03, 2020
  • First Mortgage Loan Amount: $80,991
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About South Park



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Nearby Rentals

Unit for rent at

$1,575 /mo

  • Studio
  • 1,235 ft²
Listing by STEVE WALKER
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$3,500 /mo

  • Studio
  • 3,900 ft²
Listing by SHERRI LOWTHER
Unit for rent at

$900 /mo

  • Studio
  • 1,248 ft²
Listing by JEFF STEWART
Unit for rent at

$775 /mo

  • 1 Bed
  • 1 Bath
Listing by JEFFREY GOFF
Unit for rent at

$2,500 /mo

  • 4 Beds
  • 1 Bath
Listing by Manager
Unit for rent at

$1,600 /mo

  • 4 Beds
  • 2 Baths
Listing by Manager
Unit for rent at

$1,800 /mo

  • 3 Beds
  • 1.5 Baths
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Frequently Asked Questions

What neighborhood is 505 Elm Street located in?
The 505 Elm Street is a house located in the neighborhood of South Park in South Park, Morgantown.
What is the average sales price for listings in 505 Elm Street?
The average sales price for units in 505 Elm Street is $74,900 , or $52/sqft. currently.

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