575 South Lincoln Avenue

575 South Lincoln Avenue has been categorized by the local assessors in Salem, OH as a residential type of property. The building on the property was first built in 1840 and is 184 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 575 South Lincoln Avenue has 3,042 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 275 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 2,200 ft and across the front of the lot is 752 ft. The area measurement of the land has been determined as 16,548 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. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 625 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a open porch and 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 steel control joints. The roof of the building is made of wood shake/ shingles. The exterior walls of the building are made of a combination of material. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. 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, 575 South Lincoln Avenue sold most recently in Mar 11, 2021 for a total of $162,000. If you work out the math, that's approximately a cost of $53.25 per sqft. Before that, the property was also sold for $65,900 in Dec 10, 2012. 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 $2,832 in taxes each year. 575 South Lincoln Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $77,810. If we break it down further, the land itself was valued at $15,580. Improvements to the property, however, were assessed at a total of $62,230. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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. 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.