Sold Mar 30, 2016
$135,000
Seller
$132,554
by Peoples Home Equity Inc
Mortgage
Sold Apr 25, 2005
$110,000
Buyer
$105,400
by Ottawa Savings Bank
Mortgage Due May 01, 2025
Local assessors in Ottawa, IL have categorized 1418 Illinois Avenue as a residential type of property.
The home was built in 1920 and is 104 years old.
The property's lot size has been calculated to be 8,971 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. 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, 1418 Illinois Avenue was last sold in Mar 30, 2016 for $135,000. According to our calculations, that's $85.88 per sqft. Prior to that sales transaction, the property was sold for $110,000 in Apr 22, 2005. Current property owners are expected to pay $4,188 in taxes per year. The property on 1418 Illinois Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $45,224. To break that down further, the land itself was valued at $8,357. While improvements to the property were assessed at a total of $36,867. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.
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. 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, 1418 Illinois Avenue was last sold in Mar 30, 2016 for $135,000. According to our calculations, that's $85.88 per sqft. Prior to that sales transaction, the property was sold for $110,000 in Apr 22, 2005. Current property owners are expected to pay $4,188 in taxes per year. The property on 1418 Illinois Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $45,224. To break that down further, the land itself was valued at $8,357. While improvements to the property were assessed at a total of $36,867. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.
This property description is generated based on publicly available data.
1418 Illinois Avenue, Ottawa, IL 61350
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