542 South Walnut Street

542 South Walnut Street in Bloomington, IN was first built in 1973 and is 51 years old. This has been categorized as a commercial property type. It is a single story home. 542 South Walnut Street has 4,583 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. In total, the area measurement of the land is 28,750 square feet.

Learn more about the property and building on this page. The building type has been coded as 4. The code stands for buildings that have wood or wood and steel frames.. Water for the property is sourced from a water system. The property is connected to a sewer system. 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 wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B+. The condition of the building has been evaluated as average. As for heating, the home is utilizing gas. 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, 542 South Walnut Street sold most recently in Jul 31, 2023 for a total of $900,000. If you work out the math, that's approximately a cost of $196.38 per sqft. Before that, the property was also sold for $1,450,000 in Nov 3, 2014. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $17,996 in taxes each year. 542 South Walnut Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $879,300. If we break it down further, the land itself was valued at $594,000. Improvements to the property, however, were assessed at a total of $285,300. 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.