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111 North Main Street

111 North Main Street, Gifford, IL 61847
Property in Compromise
Sold Jul 24, 2020
$115,000
$116,161 by Flat Branch Home Loans Inc
Mortgage Due Aug 01, 2050
Sold Feb 22, 2006
$130,000
$95,000 by Bank Of America Na
Mortgage Due Mar 01, 2036
Local assessors in Gifford, IL have categorized 111 North Main Street as a residential type of property. The home was built in 2014 and is 10 years old. The property's lot size has been calculated to be 7,205 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a a-frame style. 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. If we look only at the heated or air conditioned part of the building, then 111 North Main Street has a total of 1,620 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a building with no basement that is 1,620 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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 attached garage for those who need a place to park their vehicle. The garage on the property is 660 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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. The building has a roof that is made of materials that we aren't sure of. Lots of wood 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. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 111 North Main Street was last sold in Jul 23, 2020 for $115,000. According to our calculations, that's $35.49 per sqft. Prior to that sales transaction, the property was sold for $130,000 in Feb 10, 2006. Current property owners are expected to pay $3,208 in taxes per year. The property on 111 North Main Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $46,600. To break that down further, the land itself was valued at $3,740. While improvements to the property were assessed at a total of $42,860. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

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

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: A-frame
  • Exterior Walls Type: Wood
  • Interior Walls Type: Plaster
  • Roof Cover Type: Other
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Building with no basement
  • Basement Area: 1,620
  • Garage Type: Attached
  • Garage Square Area: 660
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,205
  • Total Building Area: 3,240
  • Gross Building Area: 3,240
  • Building Area: 1,620
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,620
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GIFFORD - ORIGINAL TOWN
  • Land Acres: 0.165
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOTS 1, 2, 3 BLOCK 6 GIFFORD - ORIGINAL TOWN

Ownership

  • Current Owner : SOLLARS JASON A
  • Current Owner 2: SOLLARS SHELBY L
  • Previous Owner : THE GIFFORD STATE BANK
  • Owner Before Previous Owner: SMITH NOLAN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Rantoul Township High School District 193
  • School Tax School District: 101
  • Census Tract: 010400

Geography

  • District: 06
  • Parcel: 06-10-02-279-012
  • Block: 6
  • Lot: 1,2,3
  • Meridian: SEC 02 TWN 21N RNG 10E
  • Municipality: COMPROMISE
  • Latitude: 40.3081
  • Longitude: -88.0217

    Address

  • Full Address: 111 N Main St
  • Address - House Number: 111
  • Street Direction: N
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: IL
  • City Name: Gifford
  • Carrier Code: R021
  • 4-Digit Zip Code: 9703
  • Zip Code: 61847

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,208
  • Tax Rate Code Area: 604

    Appraisal Valuation

  • Standard Deviation: 0.2682
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 61
  • Final Value: 176,021
  • High Value: 223,243
  • Low Value: 128,800

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $116,161
  • First Open Lien Mortgage Lender: FLAT BRANCH HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Jul 24, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $116,161
  • 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: Aug 01, 2050

    Market Valuation

  • Market Total Value: $139,800
  • Market Land Value: $11,220
  • Market Improvement Value: $128,580

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $46,600
  • Assessed Land Value: $3,740
  • Assessed Improvements Value: $42,860

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 23, 2020
  • Current Sale Recording Date: Jul 24, 2020
  • Current Sale Transaction ID: 11774183213
  • Current Sale Price: $115,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2020R14201
  • Previous Sale Recording Date: Feb 22, 2006
  • Previous Sale Contract Date: Feb 10, 2006
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FLAT BRANCH HOME LOANS INC
  • First Mortgage Transaction Date: Jul 24, 2020
  • First Mortgage Loan Amount: $116,161
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Feb 22, 2006
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $95,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Mar 01, 2036

About Gifford



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Frequently Asked Questions

What neighborhood is 111 North Main Street located in?
The 111 North Main Street is a other located in the neighborhood of Compromise in Gifford, Gifford.
What is the average sales price for listings in 111 North Main Street?
The average sales price for units in 111 North Main Street is $0 currently.

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