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1020 Wellman Avenue

1020 Wellman Avenue, Montgomery, IL 60538
Property in Aurora
Sold Jul 07, 2021
$250,500
$245,545 by Caliber Home Loans Inc
Mortgage Due Jul 01, 2051
Sold Jul 02, 2007
$193,000
$193,000 by First Magnus Financial Corp
Mortgage Due Jul 01, 2037
1020 Wellman Avenue has been categorized by the local assessors in Montgomery, IL as a residential type of property. The building on the property was first built in 1963 and is 61 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1020 Wellman Avenue has 1,788 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 75 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 312 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The exterior walls of the building are made of wood. The inside of the home is being cooled with central air conditioning at the moment. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. The property was last sold in Jun 17, 2021 for $250,500. That's $119.29 per sqft. Prior to that sales transaction, the property was also sold in Jun 15, 2007 for $193,000. 1020 Wellman Avenue was last assessed in 2022. The total value of the property was assessed at $73,650. Specifically, the land the property is located on was valued at $12,861. While improvements on the property were assessed at a total of $60,789. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $4,598. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 312
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 75
  • Total Building Area: 2,100
  • Gross Building Area: 2,340
  • Building Area: 1,788
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,788
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HARMONY HILLS SUBDN
  • Land Acres: 0.002
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HARMONY HILL ESTATES UNIT 3 LOT 11 BLK 3 LOT DIMENSIONS: 90 X 105.53 X 91.28 X 119.36 APPROX LOT SQ FT 75 SUBDIVISION: HARMONY HILLS SUBDN RANGE CODE: 001

Ownership

  • Current Owner : RUIZ PAOLA
  • Current Owner 2: MARTINEZ SALVADOR
  • Previous Owner : MARTINEZ RICKY
  • Previous Owner 2: MARTINEZ EMILLIE
  • Owner Before Previous Owner: CORRAL ERIK
  • Owner Before Previous Owner 2: CORRAL SONIA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Aurora East Unit School District 131
  • Census Tract: 854002

Geography

  • Parcel: 15-33-426-029
  • Block: 3
  • Lot: 11
  • Municipality: AURORA
  • Latitude: 41.7287
  • Longitude: -88.3215

    Address

  • Full Address: 1020 Wellman Ave
  • Legal Unit: 3-11
  • Address - House Number: 1020
  • Address - Street Name: Wellman
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Montgomery
  • Carrier Code: C011
  • 4-Digit Zip Code: 1617
  • Zip Code: 60538

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,598
  • Tax Rate Code Area: AU036

    Appraisal Valuation

  • Standard Deviation: 0.1448
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 82
  • Final Value: 296,436
  • High Value: 339,387
  • Low Value: 253,486

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $254,644
  • First Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Jul 07, 2021
  • First Open Lien Mortgage Loan Amount: $245,545
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051
  • Second Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Second Open Lien Mortgage Recording Date: Oct 17, 2023
  • Second Open Lien Mortgage Loan Amount: $9,099
  • Second Open Lien Mortgage Term: 332
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Market Valuation

  • Market Total Value: $221,038
  • Market Land Value: $38,598
  • Market Improvement Value: $182,440

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $73,650
  • Assessed Land Value: $12,861
  • Assessed Improvements Value: $60,789

    Sales

  • Current Sale Contract Date: Jun 17, 2021
  • Current Sale Recording Date: Jul 07, 2021
  • Current Sale Transaction ID: 11842367352
  • Current Sale Price: $250,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021K052064
  • Previous Sale Recording Date: Jul 02, 2007
  • Previous Sale Contract Date: Jun 15, 2007
  • Previous Sale Amount: $193,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Jul 07, 2021
  • First Mortgage Loan Amount: $245,545
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FIRST MAGNUS FINANCIAL CORP
  • Previous Mortgage Transaction Date: Jul 02, 2007
  • Previous Mortgage Loan Amount: $193,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2037

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Frequently Asked Questions

What neighborhood is 1020 Wellman Avenue located in?
The 1020 Wellman Avenue is a located in the neighborhood of Aurora in Montgomery, Montgomery.
What is the average sales price for listings in 1020 Wellman Avenue?
The average sales price for units in 1020 Wellman Avenue is $0 currently.

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