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108 South Lynn Street

108 South Lynn Street, Urbana, IL 61802
House in Cunningham
Sold Sep 24, 2020
$15,500
$51,000 by Villa Grove State Bank
Mortgage Due Dec 18, 2040
Local assessors in Urbana, IL have categorized 108 South Lynn Street as a residential type of property. The home was built in 1893 and is 131 years old. The property's lot size has been calculated to be 3,498 square feet. The linear feet between the front and back of the lot was measured at 1,060 ft and the front of the lot was measured at 330 ft. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis.

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. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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. The building has a roof that is made of materials that we aren't sure of. Lots of stucco were used in the construction of the exterior walls of the home. While the walls in the interior have been made of plaster. As for flooring, was the material of choice during construction. The home's a central heating system is the primary heating source. 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, 108 South Lynn Street sold most recently in Sep 17, 2020 for a total of $15,500. If you work out the math, that's approximately a cost of $14.05 per sqft. 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 $2,961 in taxes each year. 108 South Lynn Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $33,360. If we break it down further, the land itself was valued at $5,520. Improvements to the property, however, were assessed at a total of $27,840. 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. 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!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.

Building Features

Exterior

Masonite Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1893
  • Effective Year Built: 1893
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Plaster
  • Roof Cover Type: Other
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,498
  • Lot Size Depth Feet: 1,060
  • Lot Size Frontage Feet: 330
  • Total Building Area: 1,103
  • Building Area: 1,103
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HARVEYS, WILLIAM, ADD
  • Land Acres: 0.8
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT PT 1 HARVEYS, WILLIAM, ADD

Ownership

  • Current Owner : DREAM BIG PROPERTIES LLC
  • Previous Owner : AT HOME RENTALS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 005500

Geography

  • District: 09
  • Parcel: 92-21-16-104-013
  • Lot: 1
  • Meridian: SEC 16 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.1124
  • Longitude: -88.1977

    Address

  • Full Address: 108 S Lynn St
  • Address - House Number: 108
  • Street Direction: S
  • Address - Street Name: Lynn
  • Address - Suffix Type: St
  • State: IL
  • City Name: Urbana
  • Carrier Code: C038
  • 4-Digit Zip Code: 3439
  • Zip Code: 61802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,961
  • Tax Rate Code Area: 9203

    Appraisal Valuation

  • Standard Deviation: 0.1118
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 88
  • Final Value: 101,797
  • High Value: 113,186
  • Low Value: 90,408

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $51,000
  • First Open Lien Mortgage Lender: VILLA GROVE STATE BANK
  • First Open Lien Mortgage Recording Date: Dec 23, 2020
  • First Open Lien Mortgage Loan Amount: $51,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Dec 18, 2040

    Market Valuation

  • Market Total Value: $100,080
  • Market Land Value: $16,560
  • Market Improvement Value: $83,520

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $33,360
  • Assessed Land Value: $5,520
  • Assessed Improvements Value: $27,840

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 17, 2020
  • Current Sale Recording Date: Sep 24, 2020
  • Current Sale Transaction ID: 11788826290
  • Current Sale Price: $15,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020R19560

About Urbana



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Frequently Asked Questions

What neighborhood is 108 South Lynn Street located in?
The 108 South Lynn Street is a house located in the neighborhood of Cunningham in Urbana, Urbana.
What is the average sales price for listings in 108 South Lynn Street?
The average sales price for units in 108 South Lynn Street is $0 currently.

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