The specified address represents a unique physical location, typically associated with a residential or commercial property. It serves as a precise identifier, enabling mail delivery, emergency services dispatch, and property recordkeeping. For example, a delivery service uses the address to ensure packages reach the intended recipient at that particular site.
This particular site’s importance stems from its role as a point of reference in various databases, including those used for property valuation, tax assessment, and neighborhood mapping. Furthermore, the history of the location could be linked to broader trends in urban development or demographic shifts within a specific geographic area. Its benefits include facilitating communication, defining property rights, and enabling location-based services.
Given this foundational understanding, subsequent discussion will explore aspects such as property values, local amenities, and community characteristics related to properties of this nature.
1. Property Location
The geographic positioning of a specific address, such as the specified example, is fundamental to its value and characteristics. This section explores key facets of location and their direct implications for the referenced property.
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Geographic Coordinates and Mapping
Precise latitude and longitude define its exact position on the earth’s surface. This allows for accurate mapping and integration with various navigation systems. For instance, emergency services utilize these coordinates to quickly locate and respond to incidents at that location. The geographic coordinates also determine which local jurisdiction has authority over the property.
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Neighborhood Characteristics
The immediate surrounding area significantly influences the property’s value. This includes factors such as the quality of schools, crime rates, proximity to amenities (parks, shopping centers, hospitals), and the overall aesthetic appeal. If the surrounding neighborhood is well-maintained and offers convenient access to essential services, the location becomes more desirable.
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Accessibility and Transportation
The ease with which residents and visitors can access the property is a crucial consideration. This includes the availability of public transportation, the proximity to major roadways and highways, and the walkability or bikeability of the area. A location with excellent transportation links enhances its attractiveness and convenience.
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Environmental Factors
Environmental conditions like flood zones, proximity to industrial areas, and air quality can significantly affect a property’s appeal and value. Properties located in high-risk flood zones may require expensive insurance and mitigation measures. Likewise, close proximity to industrial areas could result in noise pollution or reduced air quality, negatively impacting desirability.
In summary, the geographic position, neighborhood qualities, accessibility, and environmental aspects are all intertwined and contribute to its overall value and desirability. Understanding these location-specific attributes provides a foundational basis for evaluating the property’s potential and its suitability for various uses.
2. Market Value
The market value of a property such as the one at the specified address is a central determinant of its economic significance. It represents the estimated price a willing buyer would pay and a willing seller would accept in an open market, assuming both parties are informed and acting rationally. This value is not static; it fluctuates based on several interacting factors relevant to the specific location.
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Comparable Sales Analysis
The primary method for determining market value involves examining recent sales of similar properties in the same geographic area. These comparable properties, or “comps,” should ideally be similar in size, age, condition, and location to the subject property. Adjustments are made to the sale prices of the comps to account for any differences, such as an upgraded kitchen or a larger lot size. For instance, if a comparable property sold for $300,000 but had an additional bathroom, the market value of the subject property might be adjusted downward to reflect this difference.
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Location and Neighborhood Amenities
As previously noted, the location plays a crucial role in determining market value. A property situated in a desirable neighborhood with access to quality schools, parks, shopping centers, and other amenities will generally command a higher price. Proximity to employment centers, transportation hubs, and cultural attractions also contributes to value. Conversely, a location near undesirable elements such as industrial zones or high-crime areas will negatively impact the market value.
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Property Condition and Features
The physical condition of the structure and the features it offers significantly influence its market value. A well-maintained property with modern upgrades, such as energy-efficient windows, updated appliances, and renovated bathrooms, will typically be worth more than a similar property in disrepair. Features like a swimming pool, a large backyard, or a finished basement can also increase the property’s value, depending on the preferences of potential buyers in the local market.
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Economic Conditions and Market Trends
Broader economic conditions and prevailing market trends have a substantial impact on property values. Factors such as interest rates, inflation, unemployment rates, and overall economic growth can all influence the demand for housing and, consequently, market values. In a strong economy with low interest rates, demand for housing tends to increase, driving up prices. Conversely, during economic downturns, demand often declines, leading to lower market values.
Ultimately, the market value of the specified address is a complex calculation that takes into account numerous interrelated factors. Comparable sales provide a baseline, while location, property condition, and prevailing economic conditions exert further influence. Accurate determination of market value is crucial for various purposes, including property transactions, tax assessments, and investment decisions.
3. Lot Size
Lot size, representing the total land area associated with the property at the specified address, is a critical determinant of its value, potential use, and overall appeal. The dimensions and characteristics of the land exert a considerable influence on various aspects of the property, from construction possibilities to privacy levels.
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Dimensions and Boundaries
The specific dimensions of the lot define its physical extent, influencing the size and placement of the structure. Surveyed boundaries delineate the property lines, establishing legal limits and preventing potential disputes with neighboring properties. For example, a larger lot permits greater building setbacks from property lines, affording increased privacy and potential for expansion. Conversely, a smaller lot may restrict building size and require closer adherence to zoning regulations.
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Zoning and Land Use Regulations
Local zoning ordinances dictate permissible land uses and development standards based on lot size. Minimum lot size requirements ensure adequate space for residential, commercial, or industrial activities, preventing overcrowding and maintaining neighborhood character. The specified address’s lot size must comply with applicable zoning regulations to accommodate proposed building modifications or additional structures, such as garages or accessory dwelling units.
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Landscaping and Outdoor Amenities
The lot size directly impacts the potential for landscaping and outdoor amenities. A larger lot affords ample space for gardens, lawns, patios, swimming pools, and other recreational features. The ability to cultivate extensive landscaping can enhance the property’s aesthetic appeal, improve its environmental sustainability, and provide opportunities for outdoor living. A smaller lot, however, may limit landscaping options and necessitate more compact outdoor spaces.
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Privacy and Buffer Zones
Lot size significantly contributes to the level of privacy afforded to residents. Larger lots provide greater separation from neighboring properties, reducing noise transmission and visual intrusion. Adequate buffer zones, created through landscaping or natural features, further enhance privacy and create a sense of seclusion. A property with a smaller lot may experience reduced privacy due to closer proximity to neighboring structures and increased visibility from public areas.
The lot size related to the specified address, therefore, is a multifaceted element that influences not only the property’s physical characteristics but also its regulatory compliance, amenity potential, and overall livability. Understanding these aspects is essential for assessing the property’s suitability for various purposes and its potential for future development.
4. Building Age
The age of a structure, such as the one located at the specified address, is a significant factor impacting its value, condition, and regulatory compliance. Its relevance extends to property valuation, maintenance requirements, and adherence to contemporary building codes.
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Structural Integrity and Maintenance
Older structures may exhibit signs of deterioration due to prolonged exposure to environmental factors and general wear. Foundations, roofing systems, and structural components can degrade over time, necessitating repairs or replacements. Buildings constructed decades ago might not meet modern structural standards, potentially requiring reinforcement to ensure safety and longevity. The property at the specified address, if of considerable age, may require ongoing maintenance to preserve its structural integrity.
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Architectural Style and Historical Significance
The age of a building often reflects a particular architectural style prevalent during its construction period. The style could be indicative of historical trends and provide insights into the cultural context of the time. Older buildings may possess unique architectural details that contribute to their aesthetic appeal and historical significance. Properties with distinctive architectural features, such as the one referenced, could be subject to preservation regulations aimed at protecting their historical character.
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Building Codes and Regulatory Compliance
Building codes and regulations evolve over time to incorporate advancements in construction technology, safety standards, and energy efficiency. Older buildings may not fully comply with current building codes, potentially requiring upgrades to meet contemporary requirements. For instance, electrical systems, plumbing, and insulation might need to be modernized to ensure safety and energy conservation. Bringing an older property, such as the one listed, into compliance with existing codes could entail significant renovations.
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Property Value and Appreciation
The age of a building can influence its market value, although the impact is not always straightforward. While newer properties may command higher prices due to their modern features and reduced maintenance needs, well-maintained older buildings in desirable locations can appreciate substantially. The value of a historically significant building, such as the one at the specified address, may be further enhanced by its architectural distinctiveness and cultural importance. However, potential buyers should carefully consider the costs associated with maintaining an older property when assessing its overall value.
In summary, the age of a building at the specified address is a multifaceted consideration that interacts with structural integrity, architectural style, regulatory compliance, and property value. Evaluating these interconnected factors provides a comprehensive understanding of the property’s condition, potential challenges, and opportunities.
5. Local Amenities
The proximity and quality of local amenities significantly influence the desirability and market value of properties, including the hypothetical location at the specified address. These amenities contribute to the overall quality of life for residents and play a vital role in shaping neighborhood character.
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Educational Institutions
The presence of reputable schools, colleges, and universities within a reasonable distance is a key amenity. Higher-rated schools often correlate with increased property values and attract families. For instance, the presence of a highly regarded elementary school district near the specified address could make the property more attractive to potential buyers with young children. Access to continuing education opportunities also enhances the appeal of the location.
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Recreational Facilities
Parks, community centers, sports fields, and other recreational facilities provide opportunities for leisure activities and social interaction. Proximity to these amenities promotes physical and mental well-being, making the area more desirable for residents of all ages. For example, access to a nearby park with walking trails and playgrounds could enhance the appeal of the specified address for individuals seeking an active lifestyle. Availability of organized sports leagues and community events further enriches the living experience.
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Commercial Services
The availability of convenient commercial services, such as grocery stores, retail shops, restaurants, and healthcare providers, is essential for daily living. Proximity to these services reduces travel time and enhances convenience. A location near a thriving commercial district, for example, could offer residents of the specified address easy access to essential goods and services. The presence of local businesses also contributes to the economic vitality of the neighborhood.
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Public Transportation
Access to reliable public transportation, including bus routes, train stations, and subway lines, expands mobility options for residents. Proximity to public transportation reduces reliance on private vehicles, easing traffic congestion and promoting environmental sustainability. The availability of public transit options near the specified address could be particularly beneficial for individuals who commute to work or prefer not to drive.
In summation, local amenities directly impact the perceived value and desirability of properties. The quality of schools, recreational opportunities, commercial services, and public transportation options all contribute to the overall attractiveness of a location, influencing decisions of potential residents and investors interested in properties such as the one at the specified address.
6. Zoning Regulations
Zoning regulations exert a significant influence on the potential use and value of any specific property, including the address at 644 Silver Oak Dr. These regulations, established by local governments, dictate permissible land uses, building heights, setbacks, and other development standards. Understanding these regulations is crucial for evaluating the property’s potential and any limitations imposed upon it.
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Permitted Land Use
Zoning regulations specify the types of activities allowed on a given property. This classification determines whether the property can be used for residential, commercial, industrial, or mixed-use purposes. For example, if 644 Silver Oak Dr is located in a residential zone, it may be restricted to single-family homes, townhouses, or apartments, depending on the specific zoning designation. Conversely, commercial or industrial uses would likely be prohibited unless a variance is obtained. This use restriction directly influences the property’s market value and potential revenue generation.
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Building Height and Setbacks
Zoning ordinances commonly establish maximum building heights and minimum setbacks from property lines. These regulations aim to maintain neighborhood character, ensure adequate light and air circulation, and prevent overcrowding. The allowable building height on the 644 Silver Oak Dr property could limit the number of stories that can be constructed, while setback requirements dictate how far the building must be situated from the street and neighboring properties. These dimensional restrictions impact the developable area of the lot and the overall aesthetic of the building.
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Density Restrictions
Density restrictions limit the number of dwelling units or the amount of floor area permitted on a given parcel of land. These regulations are intended to manage population density and prevent excessive development. If 644 Silver Oak Dr is subject to density limitations, this could restrict the number of apartments that can be built on the property, or the floor area ratio (FAR) for a commercial building. Density restrictions directly affect the property’s development potential and potential return on investment.
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Parking Requirements
Zoning regulations often mandate minimum parking requirements for different types of land uses. These regulations ensure adequate parking is available to accommodate residents, employees, and customers. The 644 Silver Oak Dr property, depending on its zoning designation, could be required to provide a specific number of parking spaces per dwelling unit or per square foot of commercial space. These parking requirements can influence the design and cost of development, potentially impacting the property’s profitability.
In conclusion, zoning regulations play a pivotal role in shaping the development potential and use of 644 Silver Oak Dr. Understanding the specific zoning designation, building height limitations, density restrictions, and parking requirements is essential for evaluating the property’s current value and its potential for future development. Compliance with these regulations is crucial for obtaining necessary permits and avoiding legal challenges.
7. Tax Assessment
Tax assessment represents a critical aspect of property ownership, directly impacting the financial obligations associated with a specific location, such as 644 Silver Oak Dr. It determines the property’s taxable value, which subsequently dictates the amount of property taxes owed to local government entities. Accurate and fair tax assessment is vital for both property owners and municipalities, ensuring equitable distribution of the tax burden and adequate funding for public services.
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Valuation Methods
Local jurisdictions employ various methods to determine a property’s assessed value. These methods often include market analysis, cost approach, and income capitalization. Market analysis compares the property to similar properties recently sold in the area, adjusting for differences in size, condition, and features. The cost approach estimates the cost to replace the property, factoring in depreciation. Income capitalization, typically used for commercial properties, estimates value based on the potential income generated. The valuation method used for 644 Silver Oak Dr will directly influence its assessed value and corresponding tax liability.
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Assessment Frequency and Appeals
Tax assessments are typically conducted on a periodic basis, often annually or biennially. Fluctuations in the real estate market, property improvements, and zoning changes can trigger reassessments. Property owners have the right to appeal their assessment if they believe it is inaccurate or unfair. The appeals process generally involves submitting evidence to support a lower valuation, such as comparable sales data or professional appraisals. The opportunity to appeal ensures that property owners, including those at 644 Silver Oak Dr, have recourse if they believe their assessment is unjust.
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Tax Rates and Millage Rates
The tax rate, also known as the millage rate, is applied to the assessed value to calculate the actual property tax owed. The millage rate represents the amount of tax levied per $1,000 of assessed value. Different taxing authorities, such as counties, cities, and school districts, may impose separate millage rates. The combined millage rate applicable to 644 Silver Oak Dr, when multiplied by the assessed value, determines the annual property tax bill. Changes in millage rates or assessed values will directly impact the amount of taxes owed.
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Exemptions and Deductions
Certain exemptions and deductions may reduce the taxable value of a property, thereby lowering the property tax bill. Common exemptions include homestead exemptions for primary residences, exemptions for senior citizens or veterans, and exemptions for agricultural land. Deductions may be available for certain types of improvements, such as energy-efficient upgrades. Eligibility for exemptions and deductions can significantly reduce the tax burden for property owners, including those at 644 Silver Oak Dr. It is incumbent upon the property owner to apply for applicable exemptions and deductions to minimize their tax liability.
The interconnectedness of valuation methods, assessment frequency, tax rates, and available exemptions forms the basis of the tax assessment process. This process directly impacts the financial responsibilities of property ownership for locations such as 644 Silver Oak Dr, emphasizing the necessity of understanding the factors that influence assessed value and the available mechanisms for ensuring fairness and accuracy.
Frequently Asked Questions about 644 Silver Oak Dr
The following questions address common inquiries and concerns related to the property located at the specified address. These responses aim to provide clarity and factual information without speculation or personal opinions.
Question 1: How is the market value of a property such as this one typically determined?
Market value is generally established through a comparative market analysis (CMA). This process involves examining recent sales of comparable properties in the same geographic area. Factors considered include square footage, lot size, condition, amenities, and location. Adjustments are made to account for differences between the subject property and the comparable properties.
Question 2: What factors can influence property tax assessments for this address?
Property tax assessments are subject to various influences, including local market conditions, property improvements, and jurisdictional reassessment cycles. Changes to the property’s structure, such as additions or renovations, may trigger a reassessment. Furthermore, fluctuations in the local real estate market can affect the overall assessed value.
Question 3: How do zoning regulations impact potential development or modifications to the property?
Zoning regulations dictate permissible land uses, building heights, setbacks, and other development standards. These regulations determine the allowable uses for the property, restricting or permitting specific types of construction and modifications. Compliance with zoning ordinances is essential for obtaining necessary permits and avoiding legal issues.
Question 4: What role do local amenities play in the overall appeal of this location?
Local amenities, such as schools, parks, shopping centers, and public transportation, contribute significantly to the desirability of the property. Proximity to these amenities enhances the convenience and quality of life for residents. A location near desirable amenities often commands a higher market value.
Question 5: How does the age of the building affect its value and potential maintenance requirements?
The age of the structure influences its structural integrity, potential for code compliance issues, and maintenance costs. Older buildings may require more frequent repairs and upgrades to maintain their condition. However, well-maintained older properties can retain their value and offer unique architectural characteristics.
Question 6: What steps can be taken to verify the accuracy of information pertaining to this address?
Verification of information can be achieved through various sources, including local government records, property deeds, tax assessments, and professional appraisals. Consulting with real estate agents, appraisers, and legal professionals can provide additional insights and ensure accuracy.
Understanding these factors is crucial for anyone considering purchasing, selling, or investing in properties of this nature. Diligence in researching these aspects can lead to informed decisions and mitigate potential risks.
Subsequent sections will explore specific aspects such as property improvements and potential investment strategies in greater detail.
Navigating Property Considerations
The following points offer guidance for individuals engaged in property transactions or assessments related to specific addresses such as the one referenced. Prudent evaluation and informed decision-making are essential for successful outcomes.
Tip 1: Conduct Thorough Due Diligence: Comprehensive investigation of records, zoning ordinances, and potential environmental hazards is paramount. Neglecting due diligence can lead to unforeseen financial or legal encumbrances.
Tip 2: Engage Qualified Professionals: Retaining the services of experienced real estate agents, appraisers, and legal counsel is advisable. Professional expertise can provide invaluable insights and mitigate risks associated with property transactions.
Tip 3: Scrutinize Property Tax Assessments: Careful review of tax assessments is crucial for identifying potential discrepancies or errors. Challenging inaccurate assessments can result in significant tax savings.
Tip 4: Evaluate Potential for Property Improvements: Assessing the feasibility and costs associated with property improvements is essential for maximizing value. Consider factors such as zoning restrictions, building codes, and market demand.
Tip 5: Consider Long-Term Investment Goals: Alignment of property investments with long-term financial objectives is critical. Evaluate potential returns, risks, and tax implications before making any commitments.
Tip 6: Understand Local Market Dynamics: Familiarity with local market trends and economic conditions is essential for making informed decisions. Monitor sales data, interest rates, and employment figures to assess market stability.
Tip 7: Assess Insurance Requirements: Adequate insurance coverage is vital for protecting property investments from potential losses. Evaluate various insurance options and select policies that provide comprehensive protection against risks such as fire, flood, and liability.
Adherence to these guidelines can enhance the likelihood of success in property-related endeavors. Diligence, professional guidance, and a thorough understanding of relevant factors are essential for navigating the complexities of the real estate market.
The subsequent analysis will provide a concluding overview of the key considerations discussed in this comprehensive exploration.
Conclusion
The preceding analysis has presented a multifaceted exploration of the address at 644 Silver Oak Dr, encompassing its locational significance, market value determinants, zoning implications, tax assessment methodologies, and the influence of local amenities. The synthesis of these elements provides a comprehensive framework for understanding the inherent characteristics and potential of properties sharing similar attributes.
Recognizing the interconnectedness of these factors remains paramount. As property-related decisions carry substantial financial and societal implications, diligent investigation, professional counsel, and adherence to ethical practices are strongly encouraged. The ongoing evolution of market dynamics and regulatory frameworks necessitates continued vigilance and adaptation to maintain informed perspectives.
