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525 Locust Avenue

525 Locust Avenue, Morgantown, WV 26505
Sold Jan 23, 2014
$119,000
$110,500 by United Bank Inc
Mortgage
525 Locust Avenue in Morgantown, WV was first built in 1908 and is 116 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. There are a total of 2 floors. There are a total of 9 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 525 Locust Avenue has 2,262 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 basement is 702 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 3,223 square feet.

Learn more about the property and building on this page. 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. The quality of the control joints have been graded by the local assessor with a letter grade of C-. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with electricity. The property was last sold in Nov 1, 2013 for $119,000. That's $52.61 per sqft. 525 Locust Avenue was last assessed in 2023. The total value of the property was assessed at $73,740. Specifically, the land the property is located on was valued at $14,220. While improvements on the property were assessed at a total of $59,520. 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 $2,021. The initial tax year of delinquency was in 2023. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1908
  • Effective Year Built: 1908
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 20
  • Building Quality: C-
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Finished improved basement
  • Basement Area: 702
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,223
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,262
  • Building Area: 2,262
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,262
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WALLACE HOLLOW ADDITION
  • Land Acres: 0.074
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: BL C, LOTS 24,26,PT 23,PT 25 525 LOCUST

Ownership

  • Current Owner : GCF PROPERTIES LLC
  • Previous Owner : PAPPAS KEITH J
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Monongalia School District
  • Census Tract: 010101

Geography

  • Account Number: 01300585
  • District: 13
  • Parcel: 31-13- 26-0289.0000
  • Lot: 24,26
  • Municipality: MORGANTOWN FIFTH WAR
  • Latitude: 39.631
  • Longitude: -79.9502

    Address

  • Full Address: 525 Locust Ave
  • Address - House Number: 525
  • Address - Street Name: Locust
  • Address - Suffix Type: Ave
  • State: WV
  • City Name: Morgantown
  • Carrier Code: C010
  • 4-Digit Zip Code: 5631
  • Zip Code: 26505

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,021
  • Intital Tax Deliquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2383
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 66
  • Final Value: 201,225
  • High Value: 249,182
  • Low Value: 153,268

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $110,500
  • First Open Lien Mortgage Lender: UNITED BANK INC
  • First Open Lien Mortgage Recording Date: Jan 23, 2014
  • First Open Lien Mortgage Loan Amount: $110,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $122,900
  • Market Land Value: $23,700
  • Market Improvement Value: $99,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $73,740
  • Assessed Land Value: $14,220
  • Assessed Improvements Value: $59,520

    Sales

  • Current Sale Contract Date: Nov 01, 2013
  • Current Sale Recording Date: Jan 23, 2014
  • Current Sale Transaction ID: 1169172010
  • Current Sale Price: $119,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 532704

    Last Sale Mortgage

  • First Mortgage Lender: UNITED BANK INC
  • First Mortgage Transaction Date: Jan 23, 2014
  • First Mortgage Loan Amount: $110,500
  • First Mortgage Loan Type: Commercial

About Downtown Morgantown



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Nearby Rentals

Unit for rent at 334 Willey Street, Morgantown, WV, 26505

$1,700 /mo

  • 4 Beds
  • 2 Baths
334 Willey Street, Morgantown, WV, 26505 Listing by JASMIN PATRICK

Frequently Asked Questions

What neighborhood is 525 Locust Avenue located in?
The 525 Locust Avenue is a located in the neighborhood of Downtown Morgantown in Downtown Morgantown, Morgantown.
What is the average sales price for listings in 525 Locust Avenue?
The average sales price for units in 525 Locust Avenue is $0 currently.

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