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512 Cottonwood Drive

512 Cottonwood Drive, Richland, WA 99352
Property in Benton
Sold May 06, 2021
$250,000
$250,000 by American Pacific Mortgage Corp
Mortgage Due Jun 01, 2051
Local assessors in Richland, WA have categorized 512 Cottonwood Drive as a residential type of property. The home was built in 1949 and is 75 years old. The property's lot size has been calculated to be 10,454 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. 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 is one full bathroom. There is also a partial bathroom. 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 512 Cottonwood Drive has a total of 1,200 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 detached garage for those who need a place to park their vehicle. The garage on the property is 480 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. 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 gable style roof that was made of composition shingle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a heat pump is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 512 Cottonwood Drive sold most recently in Apr 30, 2021 for a total of $250,000. If you work out the math, that's approximately a cost of $208.33 per sqft. 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 $2,323 in taxes each year. 512 Cottonwood Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $264,170. If we break it down further, the land itself was valued at $50,000. Improvements to the property, however, were assessed at a total of $214,170. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Unknown
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Concrete
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 480
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 1,200
  • Gross Building Area: 1,464
  • Building Area: 1,200
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,200
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RICHLAND
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Pipeline or right-of-way
  • Legal Description 1: PLAT OF RICHLAND BLOCK 107 LOT 15

Ownership

  • Current Owner : GAINES MICHAEL
  • Current Owner 2: CARR ERIN L
  • Previous Owner : STEELMAN ROBERT J
  • Previous Owner 2: ESTATE OF BETTY Y STEELMAN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Richland School District
  • Census Tract: 010300

Geography

  • Parcel: 115982020107015
  • Block: 107
  • Lot: 15
  • Municipality: R-400-PB
  • Latitude: 46.271
  • Longitude: -119.304

    Address

  • Full Address: 512 Cottonwood Dr
  • Address - House Number: 512
  • Address - Street Name: Cottonwood
  • Address - Suffix Type: Dr
  • State: WA
  • City Name: Richland
  • Carrier Code: C014
  • 4-Digit Zip Code: 4050
  • Zip Code: 99352

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,323
  • Tax Rate Code Area: R1

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 321,591
  • High Value: 379,680
  • Low Value: 263,503

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $250,000
  • First Open Lien Mortgage Lender: AMERICAN PACIFIC MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: May 06, 2021
  • First Open Lien Mortgage Loan Amount: $250,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $264,170
  • Market Land Value: $50,000
  • Market Improvement Value: $214,170

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $264,170
  • Assessed Land Value: $50,000
  • Assessed Improvements Value: $214,170

    Sales

  • Current Sale Contract Date: Apr 30, 2021
  • Current Sale Recording Date: May 06, 2021
  • Current Sale Transaction ID: 11834416438
  • Current Sale Price: $250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-021864

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN PACIFIC MORTGAGE CORP
  • First Mortgage Transaction Date: May 06, 2021
  • First Mortgage Loan Amount: $250,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jun 01, 2051

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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 512 Cottonwood Drive located in?
The 512 Cottonwood Drive is a located in the neighborhood of Benton in Richland, Richland.
What is the average sales price for listings in 512 Cottonwood Drive?
The average sales price for units in 512 Cottonwood Drive is $0 currently.

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