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1041 Veech Lane

1041 Veech Lane, Decatur, IL 62521
Property in Baker Woods
Sold Dec 06, 2019
$105,000
$55,000 by Busey Bank
Mortgage
Sold Sep 01, 2001
$102,000
Local assessors in Decatur, IL have categorized 1041 Veech Lane as a residential type of property. The home was built in 1976 and is 48 years old. The property's lot size has been calculated to be 7,040 square feet. The linear feet between the front and back of the lot was measured at 640 ft and the front of the lot was measured at 1,100 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level style. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 1041 Veech Lane has a total of 1,368 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 572 sqft. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1041 Veech Lane sold most recently in Dec 3, 2019 for a total of $105,000. If you work out the math, that's approximately a cost of $76.75 per sqft. Before that, the property was also sold for $102,000 in Sep 1, 2001. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,659 in taxes each year. 1041 Veech Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $41,920. If we break it down further, the land itself was valued at $5,700. Improvements to the property, however, were assessed at a total of $36,220. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Wood
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 572
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,040
  • Lot Size Depth Feet: 640
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 1,368
  • Building Area: 1,368
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,368
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BAKER WOODS ESTATES
  • Land Acres: 0.162
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L 0102 B 00 BAKER WOODS ~ESTATES 2ND ADD ~ 110X64 ~

Ownership

  • Current Owner : LIU SHI QI
  • Previous Owner : LIN SHU JI
  • Previous Owner 2: ZHOU XIAO XIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Decatur School District 61
  • Census Tract: 002401

Zoning

  • Zoning: MUNICIPAL

Geography

  • Account Number: 091320203016
  • District: 09
  • Parcel: 09-13-20-203-016
  • Municipality: LONG CREEK
  • Latitude: 39.8316
  • Longitude: -88.8845

    Address

  • Full Address: 1041 Veech Ln
  • Address - House Number: 1041
  • Address - Street Name: Veech
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Decatur
  • Carrier Code: C079
  • 4-Digit Zip Code: 4256
  • Zip Code: 62521

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,659
  • Tax Rate Code Area: 09168

    Appraisal Valuation

  • Standard Deviation: 0.1391
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 72
  • Final Value: 132,486
  • High Value: 150,924
  • Low Value: 114,047

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $55,000
  • First Open Lien Mortgage Lender: BUSEY BANK
  • First Open Lien Mortgage Recording Date: Dec 06, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $55,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $125,773
  • Market Land Value: $17,102
  • Market Improvement Value: $108,671

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,920
  • Assessed Land Value: $5,700
  • Assessed Improvements Value: $36,220

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 03, 2019
  • Current Sale Recording Date: Dec 06, 2019
  • Current Sale Transaction ID: 11711640664
  • Current Sale Price: $105,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1954820
  • Previous Sale Recording Date: Sep 01, 2001
  • Previous Sale Contract Date: Sep 01, 2001
  • Previous Sale Amount: $102,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BUSEY BANK
  • First Mortgage Transaction Date: Dec 06, 2019
  • First Mortgage Loan Amount: $55,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Baker Woods



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Frequently Asked Questions

What neighborhood is 1041 Veech Lane located in?
The 1041 Veech Lane is a located in the neighborhood of Baker Woods in Baker Woods, Decatur.
What is the average sales price for listings in 1041 Veech Lane?
The average sales price for units in 1041 Veech Lane is $0 currently.

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