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585 Running Bear Lane

585 Running Bear Lane, Hamilton, MT 59840
Property in Ravalli
Sold Dec 18, 2020
$637,500
$510,000 by First Sec Bk
Mortgage Due Jan 01, 2051
Sold Jan 15, 2016
$330,500
$264,400 by Jp Morgan Chase Bk Na
Mortgage Due Feb 01, 2046
585 Running Bear Lane has been categorized by the local assessors in Hamilton, MT as a residential type of property. The building on the property was first built in 1998 and is 26 years old. However, we must point out that the home was most recently renovated and altered in 2005. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 585 Running Bear Lane has 1,800 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 finished improved basement that is 1,224 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 area measurement of the land has been determined as 783,209 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a log cabin/rustic style.

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 mixed used garage for those who require parking. The garage measured 1,120 sqft. According to our sources, there are a total of 9 available parking spaces. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as good. 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 log control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable style roof made of metal. The exterior walls of the building are made of materials we are unsure of. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central 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 well system. The property is connected to a septic system and not a municipal sewage system. The homeowner of this property will need to handle their own water disposal. The property was last sold in Dec 8, 2020 for $637,500. That's $354.17 per sqft. Prior to that sales transaction, the property was also sold in Jan 15, 2016 for $330,500. 585 Running Bear Lane was last assessed in 2023. The total value of the property was assessed at $564,837. 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 $3,501. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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: 1998
  • Effective Year Built: 2005
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Log
  • Building Style: Log cabin/Rustic
  • Exterior Walls Type: Other
  • Roof Shape Type: Gable
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 1,224
  • Garage Type: Mixed use
  • Garage Square Area: 1,120
  • Parking Space Count: 9
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 783,209
  • Total Building Area: 1,800
  • Building Area: 1,800
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,800
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Land Acres: 17.98
  • Standard Land Use Code: Rural/agricultural residence
  • Legal Description 1: S09, T06 N, R21 W, ACRES 17.98, IN SWSE PT SESE IN NESE INDEX 17 CS #1994 PAR 2 LESS CS #994

Ownership

  • Current Owner : HAMMETT HAROLD SAMUEL
  • Previous Owner : HONKALA
  • Previous Owner 2: STACY
  • Owner Before Previous Owner: SOLORZANO EDGAR R
  • Owner Before Previous Owner 2: SOLORZANO FRANCES L
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: III

Neighborhood

  • School District Name: Corvallis K-12 Schools
  • Census Tract: 000401

Geography

  • Account Number: 0000198000
  • Parcel: 13-1467-09-1-01-04-0000
  • Meridian: SEC 09 TWN 06N RNG 21W
  • Municipality: UNINCORPORATED
  • Latitude: 46.2867
  • Longitude: -114.222

    Address

  • Full Address: 585 Running Bear Ln
  • Address - House Number: 585
  • Address - Street Name: Running Bear
  • Address - Suffix Type: Ln
  • State: MT
  • City Name: Hamilton
  • Carrier Code: R002
  • 4-Digit Zip Code: 9656
  • Zip Code: 59840

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,501
  • Tax Rate Code Area: 3730

    Appraisal Valuation

  • Standard Deviation: 0.2307
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 67
  • Final Value: 933,275
  • High Value: 1,148,646
  • Low Value: 717,904

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $510,000
  • First Open Lien Mortgage Lender: FIRST SEC BK
  • First Open Lien Mortgage Recording Date: Dec 18, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $510,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Market Valuation

  • Market Total Value: $564,837
  • Market Land Value: $146,007
  • Market Improvement Value: $418,830

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $564,837

    Sales

  • Current Sale Contract Date: Dec 08, 2020
  • Current Sale Recording Date: Dec 18, 2020
  • Current Sale Transaction ID: 11869215125
  • Current Sale Price: $637,500
  • Current Sale Document Type: Grant Deed
  • Previous Sale Recording Date: Jan 15, 2016
  • Previous Sale Contract Date: Jan 15, 2016
  • Previous Sale Amount: $330,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST SEC BK
  • First Mortgage Transaction Date: Dec 18, 2020
  • First Mortgage Loan Amount: $510,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: JP MORGAN CHASE BK NA
  • Previous Mortgage Transaction Date: Jan 15, 2016
  • Previous Mortgage Loan Amount: $264,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2046

About Ravalli



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Frequently Asked Questions

What neighborhood is 585 Running Bear Lane located in?
The 585 Running Bear Lane is a located in the neighborhood of Ravalli in Ravalli, Hamilton.
What is the average sales price for listings in 585 Running Bear Lane?
The average sales price for units in 585 Running Bear Lane is $0 currently.

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