Property Details
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This property is located at 416 3rd Street Northwest in Watertown, South Dakota and is situated on a corner lot. The legal description of the property is N1/2 LOT 11 & W110' S37 1/2' LOT 12 BLK 2 MELLETTE & MCINTYRE ADD, with a legal lot number of 11-12. It is a residential property that was built in 1914 and last sold for $85,000. The assessed value of the property is $153,125, with improvements valued at $106,732 and land valued at $46,393. The current tax bill for this property is $1,520.36.
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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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