575 North Colony Street

575 North Colony Street has been categorized by the local assessors in Meriden, CT as a commercial type of property. The building on the property was first built in 1895 and is 129 years old. The home has a total of 4 rooms. 2 of these rooms are legally considered as bedrooms. The building has a total of 2 stories. In addition, 575 North Colony Street has 2,440 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,534 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a patio. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a gable style roof made of asphalt. The exterior walls of the building are made of alum/vinyl siding. In terms of heating, it is utilizing baseboard heaters and being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 575 North Colony Street was last sold in Jul 15, 2021 for $240,000. According to our calculations, that's $119.52 per sqft. Prior to that sales transaction, the property was sold for $170,000 in Jan 1, 1970. Current property owners are expected to pay $6,247 in taxes per year. The property on 575 North Colony Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $168,280. To break that down further, the land itself was valued at $70,350. While improvements to the property were assessed at a total of $97,930. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged.