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1507 Halo Drive

1507 Halo Drive, Mahomet, IL 61853
Property in Mahomet
Sold Oct 06, 2021
$875,000
$700,000 by Busey Bank
Mortgage Due Nov 01, 2051
Sold Jun 16, 2021
$170,000
This has been categorized as a residential property type. In total, the area measurement of the land is 27,519 square feet.

Learn more about the property and building on this page. The property was last sold in Oct 1, 2021 for $875,000. Prior to that sales transaction, the property was also sold in Jun 15, 2021 for $170,000. 1507 Halo Drive was last assessed in 2022. The total value of the property was assessed at $249,550. Specifically, the land the property is located on was valued at $33,210. While improvements on the property were assessed at a total of $216,340. 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 $19,493. The initial tax year of delinquency was in 2020. 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. 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

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 27,519
  • 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: CONWAY FARM SUB PHASE 2
  • Land Acres: 0.632
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 203 CONWAY FARM SUB PHASE 2

Ownership

  • Current Owner : DONOHOE MICHAEL PATRICK
  • Current Owner 2: DONOHOE EMILY KATHLEEN
  • Previous Owner : RANDOLPH TODD A
  • Previous Owner 2: RANDOLPH AMY L
  • Owner Before Previous Owner: YOUNG BRADLEY A
  • Owner Before Previous Owner 2: YOUNG SARAH B
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Mahomet-Seymour Community Unit School District 3
  • School Tax School District: 101
  • Census Tract: 010603

Geography

  • District: 15
  • Parcel: 15-13-23-107-015
  • Lot: 203
  • Meridian: SEC 23 TWN 20N RNG 07E
  • Municipality: MAHOMET
  • Latitude: 40.183
  • Longitude: -88.3806

    Address

  • Full Address: 1507 Halo Dr
  • Address - House Number: 1507
  • Address - Street Name: Halo
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mahomet
  • Carrier Code: R006
  • 4-Digit Zip Code: 7440
  • Zip Code: 61853

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $19,493
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 1550

    Appraisal Valuation

  • Standard Deviation: 0.2423
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 66
  • Final Value: 1,033,892
  • High Value: 1,284,406
  • Low Value: 783,377

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $700,000
  • First Open Lien Mortgage Lender: BUSEY BANK
  • First Open Lien Mortgage Recording Date: Oct 06, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $700,000
  • 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: $748,650
  • Market Land Value: $99,630
  • Market Improvement Value: $649,020

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $249,550
  • Assessed Land Value: $33,210
  • Assessed Improvements Value: $216,340

    Sales

  • Current Sale Contract Date: Oct 01, 2021
  • Current Sale Recording Date: Oct 06, 2021
  • Current Sale Transaction ID: 11859905530
  • Current Sale Price: $875,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R23907
  • Previous Sale Recording Date: Jun 16, 2021
  • Previous Sale Contract Date: Jun 15, 2021
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BUSEY BANK
  • First Mortgage Transaction Date: Oct 06, 2021
  • First Mortgage Loan Amount: $700,000
  • 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

About Mahomet



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Frequently Asked Questions

What neighborhood is 1507 Halo Drive located in?
The 1507 Halo Drive is a located in the neighborhood of Mahomet in Mahomet, Mahomet.
What is the average sales price for listings in 1507 Halo Drive?
The average sales price for units in 1507 Halo Drive is $0 currently.

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