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1278 East Monroe Street

1278 East Monroe Street, Morton, IL 61550
Property in Morton
Sold Oct 25, 2021
$372,000
$260,400 by Quontic Bank
Mortgage Due Nov 01, 2051
Sold Aug 08, 2013
$66,000
1278 East Monroe Street in Morton, IL was first built in 2013 and is 11 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 9 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1278 East Monroe Street has 2,231 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 11,761 square feet.

Learn more about the property and building on this page. The roof of the home is made of composition shingle. For those who need parking, there is a attached garage. The garage is 1,632 sqft. There are a total of 3 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 1278 East Monroe Street sold most recently in Oct 22, 2021 for a total of $372,000. If you work out the math, that's approximately a cost of $123.10 per sqft. Before that, the property was also sold for $66,000 in Jun 30, 2010. 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 $8,698 in taxes each year. 1278 East Monroe Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $129,180. If we break it down further, the land itself was valued at $23,030. Improvements to the property, however, were assessed at a total of $106,150. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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

Brick Exterior
Vinyl Siding

Parking

Heated Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 1,103
  • Garage Type: Attached
  • Garage Square Area: 1,632
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 11,761
  • Total Building Area: 3,022
  • Gross Building Area: 3,022
  • Building Area: 2,231
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,231
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FIELDSTONE SEC 01
  • Land Acres: 0.27
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: SEC 22 T25N R3W FIELDSTONE SEC 1 LOT 33 NW 1/4 0.27 AC

Ownership

  • Current Owner : CHEN YING
  • Previous Owner : POLLARD GREGORY A
  • Previous Owner 2: POLLARD STACI L
  • Owner Before Previous Owner: AK MORTON DEVELOPMENT LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Morton Community Unit School District 709
  • Census Tract: 021606

Geography

  • District: 060
  • Section: 22
  • Parcel: 06-06-22-105-024
  • Lot: 33
  • Meridian: SEC 22 TWN 25N RNG 03W
  • Municipality: MORTON
  • Latitude: 40.608
  • Longitude: -89.4357

    Address

  • Full Address: 1278 E Monroe St
  • Address - House Number: 1278
  • Street Direction: E
  • Address - Street Name: Monroe
  • Address - Suffix Type: St
  • State: IL
  • City Name: Morton
  • Carrier Code: R006
  • 4-Digit Zip Code: 2356
  • Zip Code: 61550

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,698
  • Tax Rate Code Area: 06002

    Appraisal Valuation

  • Standard Deviation: 0.2222
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 69
  • Final Value: 403,079
  • High Value: 492,670
  • Low Value: 313,488

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $260,400
  • First Open Lien Mortgage Lender: QUONTIC BANK
  • First Open Lien Mortgage Recording Date: Oct 25, 2021
  • First Open Lien Mortgage Loan Amount: $260,400
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $387,540
  • Market Land Value: $69,090
  • Market Improvement Value: $318,450

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $129,180
  • Assessed Land Value: $23,030
  • Assessed Improvements Value: $106,150

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 22, 2021
  • Current Sale Recording Date: Oct 25, 2021
  • Current Sale Transaction ID: 11874873458
  • Current Sale Price: $372,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19344
  • Previous Sale Recording Date: Aug 08, 2013
  • Previous Sale Contract Date: Jun 30, 2010
  • Previous Sale Amount: $66,000
  • Previous Sale Document Type: Re-recorded Document

    Last Sale Mortgage

  • First Mortgage Lender: QUONTIC BANK
  • First Mortgage Transaction Date: Oct 25, 2021
  • First Mortgage Loan Amount: $260,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

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Frequently Asked Questions

What neighborhood is 1278 East Monroe Street located in?
The 1278 East Monroe Street is a located in the neighborhood of Morton in Morton, Morton.
What is the average sales price for listings in 1278 East Monroe Street?
The average sales price for units in 1278 East Monroe Street is $0 currently.

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