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7031 Hopewell Road

7031 Hopewell Road, Lanesville, IN 47136
Property in Franklin
Sold Oct 23, 2020
$209,000
Sold Apr 14, 2008
$136,500
$109,200 by The Farmers State Bank
Mortgage Due May 01, 2008
7031 Hopewell Road in Lanesville, IN was first built in 1980 and is 44 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 7031 Hopewell Road has 600 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 746 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 175,111 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 a water system. For those who need parking, there is a detached garage. The garage is 1,200 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 wood 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. The property was last sold in Oct 22, 2020 for $209,000. That's $348.33 per sqft. Prior to that sales transaction, the property was also sold in Apr 5, 2008 for $136,500. 7031 Hopewell Road was last assessed in 2023. The total value of the property was assessed at $167,400. Specifically, the land the property is located on was valued at $35,100. While improvements on the property were assessed at a total of $132,300. 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 $1,091. 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. 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: 1980
  • Effective Year Built: 1980
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Partial basement
  • Basement Area: 746
  • Garage Type: Detached
  • Garage Square Area: 1,200
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 175,111
  • Lot Size Frontage Feet: 0
  • Total Building Area: 600
  • Building Area: 600
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 600
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 4.02
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NW 1/4 35-3-5 1.02 AC / NW 1/4 35-3-5 2. AC #42 / NW 1/4 35-3-5 1. AC #57 / 4.02 TOTAL AC

Ownership

  • Current Owner : MORRISON JOSHUA B
  • Current Owner 2: MORRISON CHERITH
  • Previous Owner : ROUSE GREGORY A
  • Owner Before Previous Owner: SAGE ELLEN P
  • Owner Before Previous Owner 2: ROUSE ELLEN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: New Albany-Floyd County Consolidated Schools
  • Census Tract: 071200

Geography

  • Assessors Map Reference: 01-03-500-042
  • Account Number: 0010180049
  • District: 0001
  • Section: 35
  • Parcel: 22-01-03-500-043.000-001
  • Municipality: FRANKLIN TOWNSHIP
  • Latitude: 38.2066
  • Longitude: -85.9367

    Address

  • Full Address: 7031 Hopewell Rd
  • Address - House Number: 7031
  • Address - Street Name: Hopewell
  • Address - Suffix Type: Rd
  • State: IN
  • City Name: Lanesville
  • Carrier Code: R001
  • 4-Digit Zip Code: 9520
  • Zip Code: 47136

Valuation

    Tax

  • Total Area: 1,616
  • Tax Year: 2023
  • Tax Amount: $1,091
  • Tax Rate Code Area: 1:FRANKLIN

    Appraisal Valuation

  • Standard Deviation: 0.2111
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 266,723
  • High Value: 323,046
  • Low Value: 210,400

    Market Valuation

  • Market Total Value: $167,400
  • Market Land Value: $35,100
  • Market Improvement Value: $132,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $167,400
  • Assessed Land Value: $35,100
  • Assessed Improvements Value: $132,300

    Sales

  • Current Sale Contract Date: Oct 22, 2020
  • Current Sale Recording Date: Oct 23, 2020
  • Current Sale Transaction ID: 11798304220
  • Current Sale Price: $209,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202016750
  • Previous Sale Recording Date: Apr 14, 2008
  • Previous Sale Contract Date: Apr 05, 2008
  • Previous Sale Amount: $136,500
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTY HOME MORTGAGE CORP
  • First Mortgage Transaction Date: Oct 23, 2020
  • First Mortgage Loan Amount: $167,171
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: THE FARMERS STATE BANK
  • Previous Mortgage Transaction Date: Apr 14, 2008
  • Previous Mortgage Loan Amount: $109,200
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2008

About Floyd



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Frequently Asked Questions

What neighborhood is 7031 Hopewell Road located in?
The 7031 Hopewell Road is a located in the neighborhood of Franklin in Floyd, Lanesville.
What is the average sales price for listings in 7031 Hopewell Road?
The average sales price for units in 7031 Hopewell Road is $0 currently.

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