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6120 Inverness Terrace

6120 Inverness Terrace, Fairview, PA 16415
Property in Millcreek
Sold Jun 02, 2022
$456,000
Seller
$318,500 by Locomotive & Control Employees
Mortgage Due Jun 02, 2042
Sold Feb 10, 2006
$256,834
$205,467 by Ing Bank Fsb
Mortgage Due Mar 01, 2038
Local assessors in Fairview, PA have categorized 6120 Inverness Terrace as a residential type of property. The home was built in 2005 and is 19 years old. The property's lot size has been calculated to be 8,446 square feet. The linear feet between the front and back of the lot was measured at 1,390 ft and the front of the lot was measured at 750 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 6120 Inverness Terrace has a total of 2,771 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 238 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 462 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 6120 Inverness Terrace sold most recently in Jan 1, 1970 for a total of $456,000. If you work out the math, that's approximately a cost of $164.56 per sqft. Before that, the property was also sold for $256,834 in Feb 1, 2006. 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 $7,153 in taxes each year. 6120 Inverness Terrace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $283,100. If we break it down further, the land itself was valued at $57,600. Improvements to the property, however, were assessed at a total of $225,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 238
  • Garage Type: Garage
  • Garage Square Area: 462
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 8,446
  • Lot Size Depth Feet: 1,390
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,771
  • Building Area: 2,771
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,771
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.194
  • Standard Land Use Code: Single family residential
  • Legal Description 1: INVERNESS TER LOT 48 75.74 X 139.97 IRR

Ownership

  • Current Owner : GUPTA AMIT
  • Current Owner 2: GUPTA DYUTI
  • Previous Owner : WANG
  • Previous Owner 2: YI
  • Owner Before Previous Owner: CITADEL DEVELOPMENT CO
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Millcreek Township School District
  • School Tax School District: MSD
  • Census Tract: 010904

Geography

  • Assessors Map Reference: MAP 177
  • District: 33
  • Parcel: 33-177-573.0-133.00
  • Lot: 48
  • Municipality: MILLCREEK TOWNSHIP
  • Latitude: 42.0416
  • Longitude: -80.1675

    Address

  • Full Address: 6120 Inverness Ter
  • Address - House Number: 6120
  • Address - Street Name: Inverness
  • Address - Suffix Type: Ter
  • State: PA
  • City Name: Fairview
  • Carrier Code: R001
  • 4-Digit Zip Code: 3278
  • Zip Code: 16415

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,153

    Appraisal Valuation

  • Standard Deviation: 0.2139
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 70
  • Final Value: 474,110
  • High Value: 575,537
  • Low Value: 372,682

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $318,500
  • First Open Lien Mortgage Lender: LOCOMOTIVE & CONTROL EMPLOYEES
  • First Open Lien Mortgage Recording Date: Jun 02, 2022
  • First Open Lien Mortgage Loan Amount: $318,500
  • 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: Jun 02, 2042

    Market Valuation

  • Market Total Value: $283,100
  • Market Land Value: $57,600
  • Market Improvement Value: $225,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $283,100
  • Assessed Land Value: $57,600
  • Assessed Improvements Value: $225,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Recording Date: Jun 02, 2022
  • Current Sale Transaction ID: 11890408284
  • Current Sale Price: $456,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 11774
  • Previous Sale Recording Date: Feb 10, 2006
  • Previous Sale Contract Date: Feb 01, 2006
  • Previous Sale Amount: $256,834
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOCOMOTIVE & CONTROL EMPLOYEES
  • First Mortgage Transaction Date: Jun 02, 2022
  • First Mortgage Loan Amount: $318,500
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 02, 2042

    Previous Mortgages

  • Previous Mortgage Lender: ING BANK FSB
  • Previous Mortgage Transaction Date: Feb 10, 2006
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $205,467
  • Previous Mortgage Term: 384
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Mar 01, 2038

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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 6120 Inverness Terrace located in?
The 6120 Inverness Terrace is a located in the neighborhood of Millcreek in Erie, Fairview.
What is the average sales price for listings in 6120 Inverness Terrace?
The average sales price for units in 6120 Inverness Terrace is $0 currently.

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