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1113 Declaration Drive

1113 Declaration Drive, Savoy, IL 61874
Property in Champaign
Sold Aug 24, 2012
$445,500
$320,000 by Busey Bank
Mortgage Due Sep 01, 2042
Sold Jan 26, 2012
$65,000
$369,750 by First Fsb Of Champaign Urbana
Mortgage Due Jun 15, 2012
1113 Declaration Drive has been categorized by the local assessors in Savoy, IL as a residential type of property. The area measurement of the land has been determined as 8,188 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page 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, 1113 Declaration Drive sold most recently in Aug 16, 2012 for a total of $445,500. Before that, the property was also sold for $65,000 in Jan 10, 2012. 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 $12,093 in taxes each year. 1113 Declaration Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $161,060. If we break it down further, the land itself was valued at $22,970. Improvements to the property, however, were assessed at a total of $138,090. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 8,188
  • 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: LIBERTY ON THE LAKE 2 PHASE 1
  • Land Acres: 0.188
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 286 LIBERTY ON THE LAKE 2 PHASE 1

Ownership

  • Current Owner : LEE HYOKYUNG
  • Current Owner 2: LEE HYE YOUNG LIM
  • Previous Owner : NEW LINE HOMES INC
  • Owner Before Previous Owner: LEE HYOKYUNG
  • Owner Before Previous Owner 2: LEE HYEYOUNG LIM
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001302

Geography

  • District: 03
  • Parcel: 03-20-35-306-031
  • Lot: 286
  • Meridian: SEC 35 TWN 19N RNG 08E
  • Municipality: CHAMPAIGN
  • Latitude: 40.0612
  • Longitude: -88.2729

    Address

  • Full Address: 1113 Declaration Dr
  • Address - House Number: 1113
  • Address - Street Name: Declaration
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Savoy
  • Carrier Code: R001
  • 4-Digit Zip Code: 8745
  • Zip Code: 61874

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,093
  • Tax Rate Code Area: 309

    Appraisal Valuation

  • Standard Deviation: 0.2002
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 653,096
  • High Value: 783,902
  • Low Value: 522,289

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $320,000
  • First Open Lien Mortgage Lender: BUSEY BANK
  • First Open Lien Mortgage Recording Date: Aug 24, 2012
  • First Open Lien Mortgage Loan Amount: $320,000
  • 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: Sep 01, 2042

    Market Valuation

  • Market Total Value: $483,180
  • Market Land Value: $68,910
  • Market Improvement Value: $414,270

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $161,060
  • Assessed Land Value: $22,970
  • Assessed Improvements Value: $138,090

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 16, 2012
  • Current Sale Recording Date: Aug 24, 2012
  • Current Sale Transaction ID: 1175992774
  • Current Sale Price: $445,500
  • Current Sale Document Type: Corporation Deed
  • Current Sale Input Document Number: 2012R21400
  • Previous Sale Recording Date: Jan 26, 2012
  • Previous Sale Contract Date: Jan 10, 2012
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BUSEY BANK
  • First Mortgage Transaction Date: Aug 24, 2012
  • First Mortgage Loan Amount: $320,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2042

    Previous Mortgages

  • Previous Mortgage Lender: FIRST FSB OF CHAMPAIGN URBANA
  • Previous Mortgage Transaction Date: Jan 26, 2012
  • Previous Mortgage Loan Amount: $369,750
  • Previous Mortgage Term: 4
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Jun 15, 2012

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Frequently Asked Questions

What neighborhood is 1113 Declaration Drive located in?
The 1113 Declaration Drive is a located in the neighborhood of Champaign in Savoy, Savoy.
What is the average sales price for listings in 1113 Declaration Drive?
The average sales price for units in 1113 Declaration Drive is $0 currently.

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