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112 South Broad Street

112 South Broad Street, Knoxville, IL 61448
Property in Knox
Sold Oct 29, 2021
$140,000
$107,950 by Farmers & Mechanics Bk
Mortgage Due Dec 01, 2050
Sold Nov 24, 2020
$127,000
$107,950 by Farmers & Mechanics Bk
Mortgage Due Dec 01, 2050
112 South Broad Street has been categorized by the local assessors in Knoxville, IL as a residential type of property. The building on the property was first built in 1902 and is 122 years old. The building has a total of 2 stories. In addition, 112 South Broad Street has 1,450 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 9,801 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. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 192 sqft. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The property was last sold in Oct 8, 2021 for $140,000. That's $118.04 per sqft. Prior to that sales transaction, the property was also sold in Nov 23, 2020 for $127,000. 112 South Broad Street was last assessed in 2022. The total value of the property was assessed at $44,860. Specifically, the land the property is located on was valued at $2,300. While improvements on the property were assessed at a total of $42,560. 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 $3,183. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1902
  • Effective Year Built: 1902
  • Building Count: 2
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 1,186
  • Garage Type: Garage
  • Garage Square Area: 192
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 9,801
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,186
  • Building Area: 1,186
  • Building Area Measurement: Base Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,450
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KNOXVILLE
  • Land Acres: 0.225
  • Standard Land Use Code: Single family residential
  • Legal Description 1: S 74 1/4' LOTS 9 & 10 BLK 10.

Ownership

  • Current Owner : BENNETT MICHAEL J
  • Current Owner 2: BENNETT BENJAMIN C
  • Previous Owner : BURRELL JONATHAN P
  • Previous Owner 2: BURRELL CORRINA
  • Owner Before Previous Owner: SHERMAN REGINA I
  • Owner Before Previous Owner 2: SHERMAN BETTY I
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Knoxville Community Unit School District 202
  • Census Tract: 001300

Geography

  • District: 10
  • Parcel: 10-28-328-028
  • Block: 10
  • Lot: 9,10
  • Municipality: KNOX
  • Latitude: 40.9071
  • Longitude: -90.2824

    Address

  • Full Address: 112 S Broad St
  • Address - House Number: 112
  • Street Direction: S
  • Address - Street Name: Broad
  • Address - Suffix Type: St
  • State: IL
  • City Name: Knoxville
  • Carrier Code: C002
  • 4-Digit Zip Code: 1339
  • Zip Code: 61448

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,183
  • Tax Rate Code Area: 117

    Appraisal Valuation

  • Standard Deviation: 0.1788
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 76
  • Final Value: 143,720
  • High Value: 169,431
  • Low Value: 118,009

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $107,950
  • First Open Lien Mortgage Lender: FARMERS & MECHANICS BK
  • First Open Lien Mortgage Recording Date: Nov 24, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $107,950
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2050

    Market Valuation

  • Market Total Value: $134,580
  • Market Land Value: $6,900
  • Market Improvement Value: $127,680

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $44,860
  • Assessed Land Value: $2,300
  • Assessed Improvements Value: $42,560

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 08, 2021
  • Current Sale Recording Date: Oct 29, 2021
  • Current Sale Transaction ID: 11897740763
  • Current Sale Price: $140,000
  • Current Sale Document Type: Transfer on Death Deed
  • Previous Sale Recording Date: Nov 24, 2020
  • Previous Sale Contract Date: Nov 23, 2020
  • Previous Sale Amount: $127,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MTG LLC
  • First Mortgage Transaction Date: Oct 29, 2021
  • First Mortgage Loan Amount: $137,464
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: FARMERS & MECHANICS BK
  • Previous Mortgage Transaction Date: Nov 24, 2020
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $107,950
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Dec 01, 2050

About Knoxville



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Frequently Asked Questions

What neighborhood is 112 South Broad Street located in?
The 112 South Broad Street is a located in the neighborhood of Knox in Knoxville, Knoxville.
What is the average sales price for listings in 112 South Broad Street?
The average sales price for units in 112 South Broad Street is $0 currently.

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