506 Jefferson Street

506 Jefferson Street has been categorized by the local assessors in Burlington, IA as a commercial type of property. The building on the property was first built in 1880 and is 144 years old. The building has a total of 2 stories. In addition, 506 Jefferson Street has 5,320 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 700 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 2,439 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 good. 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 brick. 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, 506 Jefferson Street sold most recently in May 19, 2022 for a total of $340,000. If you work out the math, that's approximately a cost of $64.35 per sqft. Before that, the property was also sold for $105,500 in Jul 6, 2020. 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 $4,936 in taxes each year. The initial year of tax delinquency occurred in 2019. 506 Jefferson Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $168,500. If we break it down further, the land itself was valued at $4,900. Improvements to the property, however, were assessed at a total of $163,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.