503 Lebanon Avenue

503 Lebanon Avenue has been categorized by the local assessors in Colchester, CT as a residential type of property. The building on the property was first built in 1955 and is 69 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 503 Lebanon Avenue has 1,805 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a unknown that is 1,012 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 82,764 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. The building has a gable style roof made of asphalt. The exterior walls of the building are made of rock and stone. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system and being fueled with oil. 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, 503 Lebanon Avenue was last sold in Jan 1, 1970 for $165,000. According to our calculations, that's $91.41 per sqft. Current property owners are expected to pay $4,959 in taxes per year. The property on 503 Lebanon Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $182,200. To break that down further, the land itself was valued at $42,400. While improvements to the property were assessed at a total of $139,800. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. 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.