105 West Main Street

105 West Main Street in Colfax, IL was first built in 1919 and is 105 years old. This has been categorized as a commercial property type. It is a single story home. In total, the area measurement of the land is 7,000 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete block control joints. 105 West Main Street was last assessed in 2022. The total value of the property was assessed at $8,894. Specifically, the land the property is located on was valued at $1,479. While improvements on the property were assessed at a total of $7,415. 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 $838. The initial tax year of delinquency was in 2022. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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.