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1501 Quarry Road

1501 Quarry Road, Mahomet, IL 61853
House in Mahomet
Sold Feb 09, 2022
$375,500
$337,950 by First Federal Savings Bank
Mortgage Due Mar 01, 2052
Sold Jul 21, 2020
$310,000
$294,500 by Prairie State Bank & Trust
Mortgage Due Aug 01, 2050
This has been categorized as a residential property type. In total, the area measurement of the land is 16,004 square feet.

Learn more about the property and building on this page. 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, 1501 Quarry Road was last sold in Feb 7, 2022 for $375,500. Prior to that sales transaction, the property was sold for $310,000 in Jul 9, 2020. Current property owners are expected to pay $8,417 in taxes per year. The property on 1501 Quarry Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $111,160. To break that down further, the land itself was valued at $20,990. While improvements to the property were assessed at a total of $90,170. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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

Brick Exterior
Vinyl Siding

Parking

Garage Parking
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: 16,004
  • 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: THORNEWOOD NORTH SUB PHASE 1
  • Land Acres: 0.367
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 105 THORNEWOOD NORTH SUB PHASE 1

Ownership

  • Current Owner : SMITH COURTNEY J
  • Current Owner 2: SMITH KELLEY L
  • Previous Owner : SEAN SPRAGUE ANDREW
  • Owner Before Previous Owner: SHARMA NITA N
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Mahomet-Seymour Community Unit School District 3
  • School Tax School District: 101
  • Census Tract: 010601

Geography

  • District: 15
  • Parcel: 15-13-03-449-004
  • Lot: 105
  • Meridian: SEC 03 TWN 20N RNG 07E
  • Municipality: MAHOMET
  • Latitude: 40.2186
  • Longitude: -88.393

    Address

  • Full Address: 1501 Quarry Rd
  • Address - House Number: 1501
  • Address - Street Name: Quarry
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Mahomet
  • Carrier Code: R001
  • 4-Digit Zip Code: 7642
  • Zip Code: 61853

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,417
  • Tax Rate Code Area: 1502

    Appraisal Valuation

  • Standard Deviation: 0.2233
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 69
  • Final Value: 436,469
  • High Value: 533,968
  • Low Value: 338,971

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $337,950
  • First Open Lien Mortgage Lender: FIRST FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Feb 09, 2022
  • First Open Lien Mortgage Loan Amount: $337,950
  • 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: Mar 01, 2052

    Market Valuation

  • Market Total Value: $333,480
  • Market Land Value: $62,970
  • Market Improvement Value: $270,510

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $111,160
  • Assessed Land Value: $20,990
  • Assessed Improvements Value: $90,170

    Sales

  • Current Sale Contract Date: Feb 07, 2022
  • Current Sale Recording Date: Feb 09, 2022
  • Current Sale Transaction ID: 11879633054
  • Current Sale Price: $375,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2523
  • Previous Sale Recording Date: Jul 21, 2020
  • Previous Sale Contract Date: Jul 09, 2020
  • Previous Sale Amount: $310,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST FEDERAL SAVINGS BANK
  • First Mortgage Transaction Date: Feb 09, 2022
  • First Mortgage Loan Amount: $337,950
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: PRAIRIE STATE BANK & TRUST
  • Previous Mortgage Transaction Date: Jul 21, 2020
  • Previous Mortgage Loan Amount: $294,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2050

About Mahomet



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Nearby Rentals

Unit for rent at 1204-1220 Churchill Rd, Mahomet, IL, 61853

$1,499 /mo

  • 2 Beds
  • 2 Baths
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1204-1220 Churchill Rd #1214 Churchill Road 301, Mahomet, IL, 61853 Listing by Manager

Frequently Asked Questions

What neighborhood is 1501 Quarry Road located in?
The 1501 Quarry Road is a house located in the neighborhood of Mahomet in Mahomet, Mahomet.
What is the average sales price for listings in 1501 Quarry Road?
The average sales price for units in 1501 Quarry Road is $0 currently.

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