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949 Colonial Way

949 Colonial Way, Franklin, IN 46131
Property in Needham
Sold Oct 13, 2020
$213,600
$170,910 by Bailey & Wood Financial Group
Mortgage Due Oct 13, 2050
Sold Nov 07, 2008
$126,000
$124,361 by Freedom Mortgage Corp
Mortgage Due Nov 01, 2038
Local assessors in Franklin, IN have categorized 949 Colonial Way as a residential type of property. The home was built in 2008 and is 16 years old. The property's lot size has been calculated to be 6,011 square feet. The linear feet between the front and back of the lot was measured at 1,190 ft and the front of the lot was measured at 500 ft. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. 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 949 Colonial Way has a total of 2,059 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. The home sources its water from none system. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 361 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. The property was last sold in Oct 9, 2020 for $213,600. That's $103.74 per sqft. Prior to that sales transaction, the property was also sold in Oct 28, 2008 for $126,000. 949 Colonial Way was last assessed in 2023. The total value of the property was assessed at $219,900. Specifically, the land the property is located on was valued at $31,000. While improvements on the property were assessed at a total of $188,900. 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 $2,251. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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: 2008
  • Effective Year Built: 2008
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 361
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,011
  • Lot Size Depth Feet: 1,190
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,059
  • Building Area: 2,059
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,059
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: HERITAGE SEC 3
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HERITAGE SECTION 3 LOT 363 MP FRANKLIN COMMUNI

Ownership

  • Current Owner : DOCKTOR JUSTIN
  • Previous Owner : JOHNSON EARL W
  • Previous Owner 2: JOHNSON AMY S
  • Owner Before Previous Owner: C P MORGAN COMMUNITIES L P
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin Community School Corporation
  • Census Tract: 611200

Zoning

  • Zoning: PUD

Geography

  • Account Number: 41001207082/00
  • District: 0005
  • Parcel: 41-08-12-022-073.000-018
  • Lot: 363
  • Municipality: NEEDHAM TOWNSHIP
  • Latitude: 39.5053
  • Longitude: -86.0431

    Address

  • Full Address: 949 Colonial Way
  • Address - House Number: 949
  • Address - Street Name: Colonial
  • Address - Suffix Type: Way
  • State: IN
  • City Name: Franklin
  • Carrier Code: R013
  • 4-Digit Zip Code: 6954
  • Zip Code: 46131

Valuation

    Tax

  • Total Area: 2,059
  • Tax Year: 2022
  • Tax Amount: $2,251
  • Tax Rate Code Area: 18:FRNKLN-

    Appraisal Valuation

  • Standard Deviation: 0.2206
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 69
  • Final Value: 290,393
  • High Value: 354,466
  • Low Value: 226,321

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $170,910
  • First Open Lien Mortgage Lender: BAILEY & WOOD FINANCIAL GROUP
  • First Open Lien Mortgage Recording Date: Oct 13, 2020
  • First Open Lien Mortgage Loan Amount: $170,910
  • 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: Oct 13, 2050

    Market Valuation

  • Market Total Value: $219,900
  • Market Land Value: $31,000
  • Market Improvement Value: $188,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $219,900
  • Assessed Land Value: $31,000
  • Assessed Improvements Value: $188,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 09, 2020
  • Current Sale Recording Date: Oct 13, 2020
  • Current Sale Transaction ID: 11795055571
  • Current Sale Price: $213,600
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020-028906
  • Previous Sale Recording Date: Nov 07, 2008
  • Previous Sale Contract Date: Oct 28, 2008
  • Previous Sale Amount: $126,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BAILEY & WOOD FINANCIAL GROUP
  • First Mortgage Transaction Date: Oct 13, 2020
  • First Mortgage Loan Amount: $170,910
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: FREEDOM MORTGAGE CORP
  • Previous Mortgage Transaction Date: Nov 07, 2008
  • Previous Mortgage Loan Amount: $124,361
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Nov 01, 2038

About Franklin



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Frequently Asked Questions

What neighborhood is 949 Colonial Way located in?
The 949 Colonial Way is a located in the neighborhood of Needham in Franklin, Franklin.
What is the average sales price for listings in 949 Colonial Way?
The average sales price for units in 949 Colonial Way is $0 currently.

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