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1101 Pekin Street

1101 Pekin Street, Lincoln, IL 62656
Property in East Lincoln
Sold Feb 18, 2022
$107,500
$107,323 by Heartland Bank & Trust Co
Mortgage Due Mar 01, 2052
Sold Aug 09, 2017
$143,000
$63,900 by Cefcu
Mortgage Due Sep 01, 2047
Local assessors in Lincoln, IL have categorized 1101 Pekin Street as a residential type of property. The property's lot size has been calculated to be 12,197 square feet.

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. 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, 1101 Pekin Street sold most recently in Feb 14, 2022 for a total of $107,500. Before that, the property was also sold for $143,000 in Aug 2, 2017. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,958 in taxes each year. 1101 Pekin Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $25,840. If we break it down further, the land itself was valued at $8,050. Improvements to the property, however, were assessed at a total of $17,790. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GILLETT'S ADD
  • Land Acres: 0.28
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: 8-2200 LOTS 7 & 8 BLOCK 23 LATHAM & GILLETT'S ADDN TO LINCOLN.

Ownership

  • Current Owner : DURST ISLA
  • Previous Owner : ACKERMAN CRAIG E
  • Previous Owner 2: ACKERMAN ELLEN
  • Owner Before Previous Owner: ACKERMAN RONALD D
  • Owner Before Previous Owner 2: ACKERMAN DEBRA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lincoln Elementary School District 27
  • Census Tract: 953200

Geography

  • District: 08
  • Parcel: 08-255-212-00
  • Block: 23
  • Lot: 7,8
  • Municipality: EAST LINCOLN
  • Latitude: 40.1446
  • Longitude: -89.3575

    Address

  • Full Address: 1101 Pekin St
  • Address - House Number: 1101
  • Address - Street Name: Pekin
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lincoln
  • Carrier Code: C012
  • 4-Digit Zip Code: 2916
  • Zip Code: 62656

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,958
  • Tax Rate Code Area: 08002

    Appraisal Valuation

  • Standard Deviation: 0.1218
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 75
  • Final Value: 75,042
  • High Value: 84,183
  • Low Value: 65,900

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $107,323
  • First Open Lien Mortgage Lender: HEARTLAND BANK & TRUST CO
  • First Open Lien Mortgage Recording Date: Feb 18, 2022
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $107,323
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2052

    Market Valuation

  • Market Total Value: $77,520
  • Market Land Value: $24,150
  • Market Improvement Value: $53,370

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,840
  • Assessed Land Value: $8,050
  • Assessed Improvements Value: $17,790

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 14, 2022
  • Current Sale Recording Date: Feb 18, 2022
  • Current Sale Transaction ID: 11880013628
  • Current Sale Price: $107,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2022000577
  • Previous Sale Recording Date: Aug 09, 2017
  • Previous Sale Contract Date: Aug 02, 2017
  • Previous Sale Amount: $143,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Transaction Date: Feb 18, 2022
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: CEFCU
  • Previous Mortgage Transaction Date: Aug 09, 2017
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $63,900
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2047

About Lincoln



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Frequently Asked Questions

What neighborhood is 1101 Pekin Street located in?
The 1101 Pekin Street is a located in the neighborhood of East Lincoln in Lincoln, Lincoln.
What is the average sales price for listings in 1101 Pekin Street?
The average sales price for units in 1101 Pekin Street is $0 currently.

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