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7487 Lincoln Highway

7487 Lincoln Highway, Bedford, PA 15522
Property in Bedford
Sold Nov 29, 2023
Transfer
$122,100 by Rocket Mortgage Llc
Mortgage Due Oct 01, 2053
Sold Nov 18, 2003
Transfer
Local assessors in Bedford, PA have categorized 7487 Lincoln Highway as a residential type of property. The home was built in 2004 and is 20 years old. The property's lot size has been calculated to be 32,888 square feet. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 7487 Lincoln Highway has a total of 1,451 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $1,987 in taxes each year. 7487 Lincoln Highway was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $135,100. If we break it down further, the land itself was valued at $29,900. Improvements to the property, however, were assessed at a total of $105,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 0
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 32,888
  • Total Building Area: 1,451
  • Building Area: 1,451
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,451
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EVANS FARM SUB
  • Land Acres: 0.755
  • Standard Land Use Code: Single family residential
  • Legal Description 1: OFF OF E9-93A 1.5 ST FR/VINYL HOUSE/BASE DECK SHED

Ownership

  • Current Owner : HOFFMAN LISA
  • Current Owner 2: STOUFFER JOSEPH
  • Previous Owner : HOFFMAN LISA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Bedford Area School District
  • School Tax School District: BEDFORD AREA SD
  • Census Tract: 960800

Geography

  • District: 20
  • Parcel: 020-084451
  • Lot: M
  • Municipality: BEDFORD TOWNSHIP
  • Latitude: 40.0325
  • Longitude: -78.5208

    Address

  • Full Address: 7487 Lincoln Hwy
  • Address - House Number: 7487
  • Address - Street Name: Lincoln
  • Address - Suffix Type: Hwy
  • State: PA
  • City Name: Bedford
  • Carrier Code: R005
  • 4-Digit Zip Code: 6508
  • Zip Code: 15522

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,987
  • Tax Rate Code Area: 020

    Appraisal Valuation

  • Standard Deviation: 0.2513
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 64
  • Final Value: 243,371
  • High Value: 304,547
  • Low Value: 182,195

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $122,100
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Nov 29, 2023
  • First Open Lien Mortgage Loan Amount: $122,100
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2053

    Market Valuation

  • Market Total Value: $135,100
  • Market Land Value: $29,900
  • Market Improvement Value: $105,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $135,100
  • Assessed Land Value: $29,900
  • Assessed Improvements Value: $105,200

    Sales

  • Current Sale Contract Date: Nov 29, 2023
  • Current Sale Recording Date: Nov 29, 2023
  • Current Sale Transaction ID: 11917496923
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 5030
  • Previous Sale Recording Date: Nov 18, 2003
  • Previous Sale Contract Date: Nov 18, 2003
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Nov 29, 2023
  • First Mortgage Loan Amount: $122,100
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2053

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 7487 Lincoln Highway located in?
The 7487 Lincoln Highway is a located in the neighborhood of Bedford in Bedford, Bedford.
What is the average sales price for listings in 7487 Lincoln Highway?
The average sales price for units in 7487 Lincoln Highway is $0 currently.

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