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7023 Rainelle Ridge Court

7023 Rainelle Ridge Court, Lanesville, IN 47136
Property in Georgetown
Sold Jun 23, 2016
$263,600
$210,900 by Commonwealth Bank & Trust
Mortgage Due Jun 23, 2046
Sold May 21, 2013
$34,000
7023 Rainelle Ridge Court in Lanesville, IN was first built in 2013 and is 11 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 6 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 7023 Rainelle Ridge Court has 1,642 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. The basement is 1,610 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 21,039 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. For those who need parking, there is a attached garage. The garage is 462 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 7023 Rainelle Ridge Court sold most recently in Jun 10, 2016 for a total of $263,600. If you work out the math, that's approximately a cost of $160.54 per sqft. Before that, the property was also sold for $34,000 in Jan 1, 1970. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,893 in taxes each year. 7023 Rainelle Ridge Court was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $316,000. If we break it down further, the land itself was valued at $29,500. Improvements to the property, however, were assessed at a total of $286,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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!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: 2013
  • Effective Year Built: 2013
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 1,610
  • Garage Type: Attached
  • Garage Square Area: 462
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 21,039
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,642
  • Building Area: 1,642
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,642
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RAINELLE WOODS 1316
  • Land Acres: 0.483
  • Standard Land Use Code: Single family residential
  • Legal Description 1: P 1316 L 48N 0.483AC E1/2 3-3-5

Ownership

  • Current Owner : SCHMIDT CHRISTOPHER
  • Current Owner 2: SCHMIDT KRISTI
  • Previous Owner : MACARTHUR KRISTA LYNN
  • Owner Before Previous Owner: CONNER ALAN G
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: New Albany-Floyd County Consolidated Schools
  • Census Tract: 071104

Geography

  • Assessors Map Reference: 02-00-300-073
  • Account Number: 0060602041
  • District: 0002
  • Section: 3
  • Parcel: 22-02-00-300-115.000-003
  • Municipality: GEORGETOWN TOWNSHIP
  • Latitude: 38.2806
  • Longitude: -85.9385

    Address

  • Full Address: 7023 Rainelle Dr
  • Address - House Number: 7023
  • Address - Street Name: Rainelle
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Lanesville
  • Carrier Code: R002
  • 4-Digit Zip Code: 9478
  • Zip Code: 47136

Valuation

    Tax

  • Total Area: 3,252
  • Tax Year: 2023
  • Tax Amount: $2,893
  • Tax Rate Code Area: 3:GEORGETO

    Appraisal Valuation

  • Standard Deviation: 0.1823
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 382,346
  • High Value: 452,078
  • Low Value: 312,614

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $210,900
  • First Open Lien Mortgage Lender: COMMONWEALTH BANK & TRUST
  • First Open Lien Mortgage Recording Date: Jun 23, 2016
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $210,900
  • 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: Jun 23, 2046

    Market Valuation

  • Market Total Value: $316,000
  • Market Land Value: $29,500
  • Market Improvement Value: $286,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $316,000
  • Assessed Land Value: $29,500
  • Assessed Improvements Value: $286,500

    Sales

  • Current Sale Contract Date: Jun 10, 2016
  • Current Sale Recording Date: Jun 23, 2016
  • Current Sale Transaction ID: 1633690981
  • Current Sale Price: $263,600
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201608980
  • Previous Sale Recording Date: May 21, 2013
  • Previous Sale Amount: $34,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMONWEALTH BANK & TRUST
  • First Mortgage Transaction Date: Jun 23, 2016
  • First Mortgage Loan Amount: $210,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Georgetown



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 7023 Rainelle Ridge Court located in?
The 7023 Rainelle Ridge Court is a located in the neighborhood of Georgetown in Georgetown, Lanesville.
What is the average sales price for listings in 7023 Rainelle Ridge Court?
The average sales price for units in 7023 Rainelle Ridge Court is $0 currently.

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