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751 West Market Street

751 West Market Street, Nappanee, IN 46550
Commercial in Locke
Sold Feb 26, 2021
$209,300
$167,400 by Cardinal Financial Company Lp
Mortgage Due Mar 01, 2051
Sold Sep 05, 2019
$100,000
$80,000 by First Federal Bank Fsb
Mortgage Due Sep 01, 2049
Local assessors in Nappanee, IN have categorized 751 West Market Street as a residential type of property. The home was built in 1940 and is 84 years old. The property's lot size has been calculated to be 9,191 square feet. The linear feet between the front and back of the lot was measured at 1,770 ft and the front of the lot was measured at 520 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 751 West Market Street has a total of 1,872 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. 751 West Market Street is a 4 code building. This code stands for "buildings that have wood or wood and steel frames.". The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is excellent. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of concrete block were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. 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, 751 West Market Street was last sold in Feb 25, 2021 for $209,300. According to our calculations, that's $55.90 per sqft. Prior to that sales transaction, the property was sold for $100,000 in Aug 29, 2019. Current property owners are expected to pay $2,139 in taxes per year. The property on 751 West Market Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $205,300. To break that down further, the land itself was valued at $11,300. While improvements to the property were assessed at a total of $194,000. 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. 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!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.

Building Features

Exterior

Concrete Exterior
Vinyl Siding

Parking

Parking Lot
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Excellent
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Concrete block
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Unfinished basement
  • Basement Area: 1,872
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,191
  • Lot Size Depth Feet: 1,770
  • Lot Size Frontage Feet: 520
  • Total Building Area: 3,744
  • Gross Building Area: 3,744
  • Building Area: 1,872
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,872
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Building Type: Wood &/or steel frames
  • Property Class: Residential
  • Subdivision: GEO. CULPS JRS 3RD
  • Land Acres: 0.211
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: GEO. CULPS JRS 3RD LOT 9

Ownership

  • Current Owner : AVERY BENJAMIN G
  • Current Owner 2: AVERY PAMELA J
  • Previous Owner : WESTAFER THEODORE J
  • Owner Before Previous Owner: RUMACHIK VIKTOR
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wa-Nee Community Schools
  • Census Tract: 001200

Zoning

  • Zoning: ZO01

Geography

  • District: 0010
  • Parcel: 20-13-36-401-016.000-021
  • Block: 401
  • Lot: 9
  • Municipality: LOCKE TOWNSHIP
  • Latitude: 41.4425
  • Longitude: -86.0093

    Address

  • Full Address: 751 W Market St
  • Address - House Number: 751
  • Street Direction: W
  • Address - Street Name: Market
  • Address - Suffix Type: St
  • State: IN
  • City Name: Nappanee
  • Carrier Code: C002
  • 4-Digit Zip Code: 1810
  • Zip Code: 46550

Valuation

    Tax

  • Total Area: 3,744
  • Tax Year: 2022
  • Tax Amount: $2,139
  • Tax Rate Code Area: 21

    Appraisal Valuation

  • Standard Deviation: 0.2271
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 271,507
  • High Value: 333,182
  • Low Value: 209,832

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $167,400
  • First Open Lien Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Open Lien Mortgage Recording Date: Feb 26, 2021
  • First Open Lien Mortgage Loan Amount: $167,400
  • 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: Mar 01, 2051

    Market Valuation

  • Market Total Value: $205,300
  • Market Land Value: $11,300
  • Market Improvement Value: $194,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $205,300
  • Assessed Land Value: $11,300
  • Assessed Improvements Value: $194,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 25, 2021
  • Current Sale Recording Date: Feb 26, 2021
  • Current Sale Transaction ID: 11825917516
  • Current Sale Price: $209,300
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-05063
  • Previous Sale Recording Date: Sep 05, 2019
  • Previous Sale Contract Date: Aug 29, 2019
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Mortgage Transaction Date: Feb 26, 2021
  • First Mortgage Loan Amount: $167,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FIRST FEDERAL BANK FSB
  • Previous Mortgage Transaction Date: Sep 05, 2019
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $80,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Sep 01, 2049

About Nappanee



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Frequently Asked Questions

What neighborhood is 751 West Market Street located in?
The 751 West Market Street is a commercial located in the neighborhood of Locke in Nappanee, Nappanee.
What is the average sales price for listings in 751 West Market Street?
The average sales price for units in 751 West Market Street is $189,900 , or $55/sqft. currently.

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