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54575 Thrash Lane

54575 Thrash Lane, Elkhart, IN 46514
Property in Cleveland
Sold Sep 01, 2020
$178,000
$142,400 by 1st Source Bank
Mortgage Due Sep 01, 2040
Sold Sep 01, 2020
$189,392
$142,400 by 1st Source Bank
Mortgage Due Sep 01, 2040
54575 Thrash Lane in Elkhart, IN was first built in 2003 and is 21 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 8 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 54575 Thrash Lane has 1,290 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 940 ft and the linear feet between the front and back of the lot is 1,820. In total, the area measurement of the land is 17,119 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a gable style roof made of asphalt. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a attached garage. The garage is 400 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. 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 gas. The property was last sold in Aug 25, 2020 for $178,000. That's $60.09 per sqft. Prior to that sales transaction, the property was also sold in Aug 25, 2020 for $189,392. 54575 Thrash Lane was last assessed in 2022. The total value of the property was assessed at $181,600. Specifically, the land the property is located on was valued at $17,100. While improvements on the property were assessed at a total of $164,500. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $1,710. 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: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 1,272
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 17,119
  • Lot Size Depth Feet: 1,820
  • Lot Size Frontage Feet: 940
  • Total Building Area: 2,962
  • Gross Building Area: 2,962
  • Building Area: 1,290
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,290
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SWEET MEMORIES ESTATES
  • Land Acres: 0.393
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: SWEET MEMORIES ESTATES LOT 4

Ownership

  • Current Owner : SMITH JEFFREY T
  • Current Owner 2: SMITH JANET E
  • Previous Owner : SMITH JANET E
  • Owner Before Previous Owner: SMITH JANET E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Elkhart Community Schools
  • Census Tract: 001501

Zoning

  • Zoning: ZO01

Geography

  • District: 0003
  • Section: 35
  • Parcel: 20-01-35-401-030.000-005
  • Block: 401
  • Lot: 4
  • Municipality: CLEVELAND TOWNSHIP
  • Latitude: 41.7016
  • Longitude: -86.0286

    Address

  • Full Address: 54575 Thrash Ln
  • Address - House Number: 54575
  • Address - Street Name: Thrash
  • Address - Suffix Type: Ln
  • State: IN
  • City Name: Elkhart
  • Carrier Code: R008
  • 4-Digit Zip Code: 7942
  • Zip Code: 46514

Valuation

    Tax

  • Total Area: 2,562
  • Tax Year: 2022
  • Tax Amount: $1,710
  • Tax Rate Code Area: 5

    Appraisal Valuation

  • Standard Deviation: 0.2271
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 250,761
  • High Value: 307,724
  • Low Value: 193,797

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $142,400
  • First Open Lien Mortgage Lender: 1ST SOURCE BANK
  • First Open Lien Mortgage Recording Date: Sep 01, 2020
  • First Open Lien Mortgage Loan Amount: $142,400
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2040

    Market Valuation

  • Market Total Value: $181,600
  • Market Land Value: $17,100
  • Market Improvement Value: $164,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $181,600
  • Assessed Land Value: $17,100
  • Assessed Improvements Value: $164,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 25, 2020
  • Current Sale Recording Date: Sep 01, 2020
  • Current Sale Transaction ID: 11785188286
  • Current Sale Price: $178,000
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 2020-19871
  • Previous Sale Recording Date: Sep 01, 2020
  • Previous Sale Contract Date: Aug 25, 2020
  • Previous Sale Amount: $189,392
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: 1ST SOURCE BANK
  • First Mortgage Transaction Date: Sep 01, 2020
  • First Mortgage Loan Amount: $142,400
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2040

    Previous Mortgages

  • Previous Mortgage Lender: 1ST SOURCE BANK
  • Previous Mortgage Transaction Date: Sep 01, 2020
  • Previous Mortgage Loan Amount: $142,400
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2040

About Elkhart



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Frequently Asked Questions

What neighborhood is 54575 Thrash Lane located in?
The 54575 Thrash Lane is a located in the neighborhood of Cleveland in Elkhart, Elkhart.
What is the average sales price for listings in 54575 Thrash Lane?
The average sales price for units in 54575 Thrash Lane is $0 currently.

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