6945 Madrid Drive

6945 Madrid Drive in Demotte, IN was first built in 1977 and is 47 years old. Although, the building on the property was most recently renovated and altered in 2005. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 6945 Madrid Drive has 2,508 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 basement is 1,551 sqft and has been categorized as a full basement. The linear feet across the front of the lot is 2,430 ft and the linear feet between the front and back of the lot is 1,590. In total, the area measurement of the land is 48,787 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from none system. We do not have data on where the property's water is sourced from. For those who need parking, there is a attached garage. The garage is 1,333 sqft. There are a total of 4 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 masonry 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. 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. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 6945 Madrid Drive sold most recently in Jun 14, 2013 for a total of $218,500. If you work out the math, that's approximately a cost of $87.12 per sqft. 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 $1,686 in taxes each year. 6945 Madrid Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $358,300. If we break it down further, the land itself was valued at $40,900. Improvements to the property, however, were assessed at a total of $317,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.