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This property is a residential home located at 208 Main Street in Palo, Iowa, with a legal address of PALO LOTS 6 & 7 BLK 3. It was built in 1948 and has a total living space of 1462 square feet. The lot size is 16,988 square feet, with a depth of 120 feet and a width of 140 feet. The home has 3 bedrooms, 2 bathrooms, and a 672 square foot garage. The assessed value of the property is $214,000, with $193,000 for the value of improvements and $21,000 for the value of land. It has a market improvement percentage of 90% and a tax billed amount of $2,830.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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