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506 Munich Drive

506 Munich Drive, Fayetteville, OH 45118
Property in Perry
Sold Dec 15, 2016
$107,500
$108,585 by Polaris Home Funding Corp
Mortgage Due Dec 01, 2046
Sold May 12, 2016
$91,630
506 Munich Drive in Fayetteville, OH was first built in 1975 and is 49 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 is only one bathroom. There are 2 partial bathrooms. 506 Munich Drive has 1,152 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. The linear feet across the front of the lot is 1,210 ft and the linear feet between the front and back of the lot is 1,780. In total, the area measurement of the land is 21,538 square feet.

Learn more about the property and building on this page. There is a open porch. The roof of the home is made of asphalt. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a detached garage. The garage is 576 sqft. There are a total of 2 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 frame 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 inside and you'll find flooring throughout the home. As for heating, the home is utilizing a heating system. The property was last sold in Nov 28, 2016 for $107,500. That's $93.32 per sqft. Prior to that sales transaction, the property was also sold in May 11, 2016 for $91,630. 506 Munich Drive was last assessed in 2022. The total value of the property was assessed at $39,190. Specifically, the land the property is located on was valued at $4,200. While improvements on the property were assessed at a total of $34,990. 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 $1,731. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C-
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 21,538
  • Lot Size Depth Feet: 1,780
  • Lot Size Frontage Feet: 1,210
  • Total Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,152
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LAKE LORELEI SUBDIVISION
  • Land Acres: 0.494
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: IN LOT 506 MAP 3 LAKE LORELEI SUB PERRY TWP FAYETTEVILLE LSD

Ownership

  • Current Owner : COMBS ASHLEY N
  • Current Owner 2: CUMMINS CHAD A
  • Previous Owner : K K J PROPERTIES LLC
  • Owner Before Previous Owner: WILSON KATHY L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Fayetteville-Perry Local School District
  • School Tax School District: FAYETTEVILLE
  • Census Tract: 951201

Geography

  • Assessors Map Reference: 50-506
  • Account Number: 004965-0
  • District: 23
  • Parcel: 23-044540-00-00
  • Lot: 506
  • Municipality: PERRY TWP
  • Latitude: 39.19
  • Longitude: -83.9735

    Address

  • Full Address: 506 Munich Dr
  • Address - House Number: 506
  • Address - Street Name: Munich
  • Address - Suffix Type: Dr
  • State: OH
  • City Name: Fayetteville
  • Carrier Code: R002
  • 4-Digit Zip Code: 9481
  • Zip Code: 45118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,731

    Appraisal Valuation

  • Standard Deviation: 0.3449
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 31
  • Final Value: 136,250
  • High Value: 183,252
  • Low Value: 89,247

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $108,585
  • First Open Lien Mortgage Lender: POLARIS HOME FUNDING CORP
  • First Open Lien Mortgage Recording Date: Dec 15, 2016
  • First Open Lien Mortgage Loan Amount: $108,585
  • 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, 2046

    Market Valuation

  • Market Total Value: $111,980
  • Market Land Value: $12,000
  • Market Improvement Value: $99,980

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,190
  • Assessed Land Value: $4,200
  • Assessed Improvements Value: $34,990

    Sales

  • Current Sale Contract Date: Nov 28, 2016
  • Current Sale Recording Date: Dec 15, 2016
  • Current Sale Transaction ID: 1930456249
  • Current Sale Price: $107,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201600006105
  • Previous Sale Recording Date: May 12, 2016
  • Previous Sale Contract Date: May 11, 2016
  • Previous Sale Amount: $91,630
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: POLARIS HOME FUNDING CORP
  • First Mortgage Transaction Date: Dec 15, 2016
  • First Mortgage Loan Amount: $108,585
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2046

About Lake Lorelei



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Frequently Asked Questions

What neighborhood is 506 Munich Drive located in?
The 506 Munich Drive is a located in the neighborhood of Perry in Lake Lorelei, Fayetteville.
What is the average sales price for listings in 506 Munich Drive?
The average sales price for units in 506 Munich Drive is $0 currently.

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