Sold Oct 17, 2014
$1,250,000
Buyer
Seller
$1,000,000
by Litchfield Bancorp
Mortgage Due Oct 17, 2044
Sold Jul 06, 1992
$522,000
Buyer
Seller
$391,500
by Great Western Mtgcorp
Mortgage Due Jul 06, 2022
This has been categorized as a residential property type.
In total, the area measurement of the land is 24,829 square feet.
Learn more about the property and building on this page. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. 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, 7 Bank Lane was last sold in Jan 1, 1970 for $1,250,000. Prior to that sales transaction, the property was sold for $522,000 in Jan 1, 1970. Current property owners are expected to pay $20,961 in taxes per year. The property on 7 Bank Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $927,900. To break that down further, the land itself was valued at $738,500. While improvements to the property were assessed at a total of $189,400. 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 possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.
Learn more about the property and building on this page. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. 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, 7 Bank Lane was last sold in Jan 1, 1970 for $1,250,000. Prior to that sales transaction, the property was sold for $522,000 in Jan 1, 1970. Current property owners are expected to pay $20,961 in taxes per year. The property on 7 Bank Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $927,900. To break that down further, the land itself was valued at $738,500. While improvements to the property were assessed at a total of $189,400. 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 possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.
This property description is generated based on publicly available data.
7 Bank Lane, Essex, CT 06426
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