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505 Willowood Drive

505 Willowood Drive, Ossian, IN 46777
Property in Jefferson
Sold Dec 04, 2006
$136,600
$109,250 by Wilmington Finance Inc
Mortgage Due Dec 01, 2036
Sold Mar 06, 1998
$86,500
Seller
Local assessors in Ossian, IN have categorized 505 Willowood Drive as a residential type of property. The home was built in 1998 and is 26 years old. The property's lot size has been calculated to be 8,470 square feet. The linear feet between the front and back of the lot was measured at 1,210 ft and the front of the lot was measured at 700 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 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 are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 505 Willowood Drive has a total of 1,108 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 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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 460 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 building has a roof that is made of metal. 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. 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, 505 Willowood Drive was last sold in Oct 31, 2006 for $136,600. According to our calculations, that's $123.29 per sqft. Prior to that sales transaction, the property was sold for $86,500 in Jan 1, 1970. Current property owners are expected to pay $677 in taxes per year. The property on 505 Willowood Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $139,400. To break that down further, the land itself was valued at $26,200. While improvements to the property were assessed at a total of $113,200. 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.

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 460
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,470
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,108
  • Building Area: 1,108
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,108
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SANDALWOOD
  • Land Acres: 0.194
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SANDALWOOD S. SEC B 98-28-12

Ownership

  • Current Owner : POWER JANNA G
  • Current Owner 2: BOND JAMES
  • Previous Owner : POWER JANNA G
  • Owner Before Previous Owner: BIGGS INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Northern Wells Community Schools
  • Census Tract: 040100

Geography

  • Assessors Map Reference: MP M16.16 R57
  • Account Number: 0151067173
  • District: 0004
  • Section: 16Q
  • Parcel: 90-02-16-501-098.000-009
  • Municipality: JEFFERSON TOWNSHIP
  • Latitude: 40.8758
  • Longitude: -85.1714

    Address

  • Full Address: 505 Willowood Dr
  • Address - House Number: 505
  • Address - Street Name: Willowood
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Ossian
  • Carrier Code: R005
  • 4-Digit Zip Code: 9023
  • Zip Code: 46777

Valuation

    Tax

  • Total Area: 1,108
  • Tax Year: 2022
  • Tax Amount: $677
  • Tax Rate Code Area: 9:OSSIAN T

    Appraisal Valuation

  • Standard Deviation: 0.2643
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 62
  • Final Value: 175,671
  • High Value: 222,104
  • Low Value: 129,237

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $109,250
  • First Open Lien Mortgage Lender: WILMINGTON FINANCE INC
  • First Open Lien Mortgage Recording Date: Dec 04, 2006
  • First Open Lien Mortgage Loan Amount: $109,250
  • 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: Dec 01, 2036

    Market Valuation

  • Market Total Value: $139,400
  • Market Land Value: $26,200
  • Market Improvement Value: $113,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $139,400
  • Assessed Land Value: $26,200
  • Assessed Improvements Value: $113,200

    Sales

  • Current Sale Contract Date: Oct 31, 2006
  • Current Sale Recording Date: Dec 04, 2006
  • Current Sale Transaction ID: 1214230583
  • Current Sale Price: $136,600
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Previous Sale Recording Date: Mar 06, 1998
  • Previous Sale Amount: $86,500
  • Previous Sale Document Type: Corporation Deed

    Last Sale Mortgage

  • First Mortgage Lender: WILMINGTON FINANCE INC
  • First Mortgage Transaction Date: Dec 04, 2006
  • First Mortgage Loan Amount: $109,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2036

About Ossian



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Frequently Asked Questions

What neighborhood is 505 Willowood Drive located in?
The 505 Willowood Drive is a located in the neighborhood of Jefferson in Ossian, Ossian.
What is the average sales price for listings in 505 Willowood Drive?
The average sales price for units in 505 Willowood Drive is $0 currently.

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