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714 Berkeley Drive

714 Berkeley Drive, Shelbyville, IN 46176
Property in Addison
Sold Jan 14, 2021
$1,862,500
$1,490,000 by Jackson County Bank
Mortgage Due Dec 29, 2050
Sold Jan 26, 2007
Transfer
714 Berkeley Drive in Shelbyville, IN was first built in 1962 and is 62 years old. Although, the building on the property was most recently renovated and altered in 1982. This has been categorized as a residential property type. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 714 Berkeley Drive has 925 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 linear feet across the front of the lot is 600 ft and the linear feet between the front and back of the lot is 950. In total, the area measurement of the land is 5,700 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. The property is connected to a sewer system. For those who need parking, there is a carport. The garage is 348 sqft. There is one available parking space. 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 D+. 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. The property was last sold in Dec 28, 2020 for $1,862,500. That's $2,013.51 per sqft. 714 Berkeley Drive was last assessed in 2023. The total value of the property was assessed at $79,800. Specifically, the land the property is located on was valued at $10,600. While improvements on the property were assessed at a total of $69,200. 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 $1,367. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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: 1962
  • Effective Year Built: 1982
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: D+
  • Construction Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 348
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,700
  • Lot Size Depth Feet: 950
  • Lot Size Frontage Feet: 600
  • Total Building Area: 925
  • Building Area: 925
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 925
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: CRESTMOOR 5TH SECTION
  • Land Acres: 0.131
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CRESTMOOR 5TH LT74 714 BERKELEY DRIVE

Ownership

  • Current Owner : DRAKE RENTALS LLC
  • Previous Owner : B & K PROPERTIES INC
  • Owner Before Previous Owner: FOX LINDA D
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelbyville Central Schools
  • Census Tract: 710700

Geography

  • Assessors Map Reference: 11-05.29-018.00
  • Account Number: 731105400089000002
  • District: 0001
  • Section: 5
  • Parcel: 73-11-05-400-089.000-002
  • Municipality: ADDISON TOWNSHIP
  • Latitude: 39.5157
  • Longitude: -85.7642

    Address

  • Full Address: 714 Berkeley Dr
  • Address - House Number: 714
  • Address - Street Name: Berkeley
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Shelbyville
  • Carrier Code: C012
  • 4-Digit Zip Code: 2249
  • Zip Code: 46176

Valuation

    Tax

  • Total Area: 925
  • Tax Year: 2022
  • Tax Amount: $1,367
  • Tax Rate Code Area: 41:SHELBYV

    Appraisal Valuation

  • Standard Deviation: 0.2445
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 65
  • Final Value: 148,387
  • High Value: 184,669
  • Low Value: 112,105

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,490,000
  • First Open Lien Mortgage Lender: JACKSON COUNTY BANK
  • First Open Lien Mortgage Recording Date: Jan 14, 2021
  • First Open Lien Mortgage Loan Amount: $1,490,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Dec 29, 2050

    Market Valuation

  • Market Total Value: $79,800
  • Market Land Value: $10,600
  • Market Improvement Value: $69,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $79,800
  • Assessed Land Value: $10,600
  • Assessed Improvements Value: $69,200

    Sales

  • Current Sale Contract Date: Dec 28, 2020
  • Current Sale Recording Date: Jan 14, 2021
  • Current Sale Transaction ID: 11816501773
  • Current Sale Price: $1,862,500
  • Current Sale Document Type: Corporation Deed
  • Current Sale Input Document Number: 2021000369
  • Previous Sale Recording Date: Jan 26, 2007
  • Previous Sale Contract Date: Jan 26, 2007
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JACKSON COUNTY BANK
  • First Mortgage Transaction Date: Jan 14, 2021
  • First Mortgage Loan Amount: $1,490,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Dec 29, 2050

About Shelbyville



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Frequently Asked Questions

What neighborhood is 714 Berkeley Drive located in?
The 714 Berkeley Drive is a located in the neighborhood of Addison in Shelbyville, Shelbyville.
What is the average sales price for listings in 714 Berkeley Drive?
The average sales price for units in 714 Berkeley Drive is $0 currently.

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