See Home Value
Pekin 61554
Lake Street
$103,493*
House - Off Market

Lake Street

Pekin, IL 61554
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
776 Sqft
$60,000 - $70,000
Reference Base Price*
59.47%
Since Sep 1, 2017
National-US
Primary Model
Sold Jun 16, 2022
$79,900
$80,229 by Caliber Home Loans Inc
Mortgage Due Jul 01, 2052
Sold Dec 06, 2017
$58,000
$56,949 by Fortress Bank
Mortgage

About This Property

Cute 2-3 bedroom home, Great for first time buyers, those on the go, rental or snow birds. 3rd bedroom is located in the basement, oversized garage with workbench.  Nice front porch; deck overlooks attractive fenced back yard with sharp, cooling Sunsetter Awning. 2 sheds for additional storage. Affordable!

The manager has listed the unit size as 776 square feet.
Unit Size
776Ft²
Days on Market
-
Land Size
-
Price per sqft
$84
Property Type
House
Property Taxes
$1,009
HOA Dues
-
Year Built
1938

Price History

Date / Event Date Event Price
Jun 16, 2022 Sold to Tonie Nicole Purcell $79,900
Sold to Tonie Nicole Purcell
Dec 6, 2017 Sold to Misti D Duncan $58,000
Sold to Misti D Duncan
Aug 20, 2017 Listed $64,900
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 616
  • Garage Type: Detached
  • Garage Square Area: 288
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 4,850
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 380
  • Total Building Area: 2,008
  • Gross Building Area: 2,008
  • Building Area: 776
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 776
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GEORGE FISHER ADDITION
  • Land Acres: 0.111
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: SEC 2 T24N R5W GEORGE FISHER ADDITION SUB LOT B OF LOTS 87 & 88 SE 1/4

Ownership

  • Current Owner : PURCELL TONIE NICOLE
  • Previous Owner : ESSIG ENTERPRISES INC
  • Owner Before Previous Owner: WALLACE KATHY SUE
  • Owner Before Previous Owner 2: SMITH DONALD EUGENE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Pekin Community High School District 303
  • Census Tract: 021102

Geography

  • District: 040
  • Section: 2
  • Parcel: 04-10-02-432-002
  • Lot: B,87-
  • Meridian: SEC 02 TWN 24N RNG 05W
  • Municipality: PEKIN
  • Latitude: 40.5558
  • Longitude: -89.6285

    Address

  • Full Address: 1502 Lake St
  • Address - House Number: 1502
  • Address - Street Name: Lake
  • Address - Suffix Type: St
  • State: IL
  • City Name: Pekin
  • Carrier Code: C030
  • 4-Digit Zip Code: 5948
  • Zip Code: 61554

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,554
  • Tax Rate Code Area: 04014

    Appraisal Valuation

  • Standard Deviation: 0.2624
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 62
  • Final Value: 85,638
  • High Value: 108,109
  • Low Value: 63,166

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $80,229
  • First Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Jun 16, 2022
  • First Open Lien Mortgage Loan Amount: $80,229
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2052

    Market Valuation

  • Market Total Value: $73,410
  • Market Land Value: $5,730
  • Market Improvement Value: $67,680

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,470
  • Assessed Land Value: $1,910
  • Assessed Improvements Value: $22,560

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 15, 2022
  • Current Sale Recording Date: Jun 16, 2022
  • Current Sale Transaction ID: 11890406270
  • Current Sale Price: $79,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 8940
  • Previous Sale Recording Date: Dec 06, 2017
  • Previous Sale Contract Date: Nov 20, 2017
  • Previous Sale Amount: $58,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Jun 16, 2022
  • First Mortgage Loan Amount: $80,229
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: FORTRESS BANK
  • Previous Mortgage Transaction Date: Dec 06, 2017
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $56,949
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
1 Bath
845 ft²
$89/ft²
$74,900 May 22, 2024
-
$131/mo

About Pekin


Similar Homes for Sale

Unit for sale at 1320 South 13th Street, Pekin, IL 61554

$74,900

  • 2 Beds
  • 1 Bath
  • 845 ft²
1320 South 13th Street, Pekin, IL 61554 Listing by Alan Birlingmair

Nearby Rentals



Frequently Asked Questions

When was property at 1502 Lake Street built and last sold?
The property at 1502 Lake Street was built in 1938 and last sold on Jun 15, 2022 for $79,900.
How much is this home worth?
The estimated value of the home located at 1502 Lake Street is $65,730.
What are some comparable homes to 1502 Lake Street?
There are currently no comparable homes to 1502 Lake Street.

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