Property Details
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This property, located at 210 Highland Avenue in Troy, AL, consists of Lot #5 in Block #3 of the Ridgewood Subdivision. The legal description for this lot states that it is adjacent to a separate tract and has a recorded beginning point at the southeast corner of Lot #5. The property has a total living area of 1,514 square feet and sits on a 44,170 square foot lot with dimensions of 229 feet deep and 110 feet wide. It was originally built in 1948 and features a commercial air conditioning system, forced air heating, 2 bathrooms, 6 rooms, and 1 fireplace. The most recent recorded sale date was on 09/04/2012, and it was assessed at a value of $32,520 with a market value of $162,640.
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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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