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7310 West 50 South

7310 West 50 South, Morgantown, IN 46160
Property in Union
Sold Jul 15, 2022
$162,500
$130,000 by Huntington National Bank
Mortgage Due Aug 01, 2052
Sold Oct 08, 2014
$176,900
$180,671 by Fifth Third Mortgage Co
Mortgage Due Oct 01, 2044
7310 West 50 South in Morgantown, IN was first built in 1827 and is 197 years old. Although, the building on the property was most recently renovated and altered in 1970. 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, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 7310 West 50 South has 3,022 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. In total, the area measurement of the land is 130,680 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 detached garage. The garage is 1,092 sqft. There are a total of 4 available parking spaces. 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. 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. 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, 7310 West 50 South was last sold in Jul 11, 2022 for $162,500. According to our calculations, that's $53.77 per sqft. Prior to that sales transaction, the property was sold for $176,900 in Sep 29, 2014. Current property owners are expected to pay $3,355 in taxes per year. The property on 7310 West 50 South was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $268,200. To break that down further, the land itself was valued at $70,000. While improvements to the property were assessed at a total of $198,200. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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.

Building Info

Overview

    General

  • Year Built: 1827
  • Effective Year Built: 1970
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Building Quality: C+
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 1,092
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 130,680
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,022
  • Building Area: 3,022
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,022
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 3
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SW 1/2 NE 1/4 S19 T12 R3 MP FRANKLIN COMMUNI

Ownership

  • Current Owner : HEINEMEYER BRYAN S
  • Current Owner 2: HEINEMEYER JAMA ASHLEY
  • Previous Owner : PAM MCWETHY
  • Owner Before Previous Owner: MARSHALL FRANK H
  • Owner Before Previous Owner 2: MARSHALL SALLY ANN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Franklin Community School Corporation
  • Census Tract: 610801

Zoning

  • Zoning: A1

Geography

  • Account Number: 62001901021/00
  • District: 0008
  • Section: S19
  • Parcel: 41-09-19-013-002.000-036
  • Meridian: SEC 19 TWN 12 RNG 3
  • Municipality: UNION TOWNSHIP
  • Latitude: 39.469
  • Longitude: -86.24

    Address

  • Full Address: 7310 W 50 S
  • Address - House Number: 7310
  • Street Segment Direction: S
  • Street Direction: W
  • Address - Street Name: 50
  • State: IN
  • City Name: Morgantown
  • Carrier Code: R001
  • 4-Digit Zip Code: 8429
  • Zip Code: 46160

Valuation

    Tax

  • Total Area: 3,022
  • Tax Year: 2022
  • Tax Amount: $3,355
  • Tax Rate Code Area: 36:UNION T

    Appraisal Valuation

  • Standard Deviation: 0.2003
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 73
  • Final Value: 273,287
  • High Value: 328,034
  • Low Value: 218,539

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $130,000
  • First Open Lien Mortgage Lender: HUNTINGTON NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Jul 15, 2022
  • First Open Lien Mortgage Loan Amount: $130,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2052

    Market Valuation

  • Market Total Value: $268,200
  • Market Land Value: $70,000
  • Market Improvement Value: $198,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $268,200
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $198,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 11, 2022
  • Current Sale Recording Date: Jul 15, 2022
  • Current Sale Transaction ID: 11892271647
  • Current Sale Price: $162,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 15770
  • Previous Sale Recording Date: Oct 08, 2014
  • Previous Sale Contract Date: Sep 29, 2014
  • Previous Sale Amount: $176,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HUNTINGTON NATIONAL BANK
  • First Mortgage Transaction Date: Jul 15, 2022
  • First Mortgage Loan Amount: $130,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: FIFTH THIRD MORTGAGE CO
  • Previous Mortgage Transaction Date: Oct 08, 2014
  • Previous Mortgage Loan Amount: $180,671
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Oct 01, 2044

About Johnson



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Frequently Asked Questions

What neighborhood is 7310 West 50 South located in?
The 7310 West 50 South is a located in the neighborhood of Union in Johnson, Morgantown.
What is the average sales price for listings in 7310 West 50 South?
The average sales price for units in 7310 West 50 South is $0 currently.

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