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1518 North Otter Creek Street

1518 North Otter Creek Street, Streator, IL 61364
Property in Otter Creek
Sold Jun 08, 2023
Transfer
$100,000 by Compeer Financial Flca
Mortgage
Sold Jun 01, 2021
$210,000
$140,000 by First National Bank Ottawa
Mortgage
1518 North Otter Creek Street has been categorized by the local assessors in Streator, IL as a residential type of property. The building on the property was first built in 1928 and is 96 years old. In addition, 1518 North Otter Creek Street has 1,235 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 87,120 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Prior to that sales transaction, the property was also sold in Jun 1, 2021 for $210,000. 1518 North Otter Creek Street was last assessed in 2022. The total value of the property was assessed at $53,572. Specifically, the land the property is located on was valued at $7,577. While improvements on the property were assessed at a total of $45,995. 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 $5,746. 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. 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

  • Year Built: 1928
  • Effective Year Built: 1928
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 1,235
  • Gross Building Area: 1,235
  • Building Area: 1,235
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,235
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 2
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: PT SE1/4 SEC 24-31-3, COM AT PT ON E LN SEC 24, 1344.5' N OF SE COR SEC 24, N340' SW276' S300' E272.2' TO POB

Ownership

  • Current Owner : DURAN PHILLIP
  • Previous Owner : DURDAN CYNTHIA
  • Owner Before Previous Owner: GREENWOOD JACK G
  • Owner Before Previous Owner 2: GREENWOOD MARY B
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Streator Township High School District 40
  • Census Tract: 963800

Geography

  • District: BR
  • Parcel: 33-24-415-000
  • Meridian: SEC 24 TWN 31 RNG 03
  • Municipality: BRUCE TOWNSHIP
  • Latitude: 41.1394
  • Longitude: -88.8167

    Address

  • Full Address: 1518 N Otter Creek Rd
  • Address - House Number: 1518
  • Street Direction: N
  • Address - Street Name: Otter Creek
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Streator
  • Carrier Code: R004
  • 4-Digit Zip Code: 1776
  • Zip Code: 61364

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,746
  • Tax Rate Code Area: BR003

    Appraisal Valuation

  • Standard Deviation: 0.2411
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 66
  • Final Value: 202,632
  • High Value: 251,488
  • Low Value: 153,776

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $100,000
  • First Open Lien Mortgage Lender: COMPEER FINANCIAL FLCA
  • First Open Lien Mortgage Recording Date: Jun 08, 2023
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $100,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $160,716
  • Market Land Value: $22,731
  • Market Improvement Value: $137,985

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,572
  • Assessed Land Value: $7,577
  • Assessed Improvements Value: $45,995

    Sales

  • Current Sale Contract Date: Mar 02, 2023
  • Current Sale Recording Date: Jun 08, 2023
  • Current Sale Transaction ID: 11908647395
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 2023-05447
  • Previous Sale Recording Date: Jun 01, 2021
  • Previous Sale Contract Date: Jun 01, 2021
  • Previous Sale Amount: $210,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMPEER FINANCIAL FLCA
  • First Mortgage Transaction Date: Jun 08, 2023
  • First Mortgage Loan Amount: $100,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST NATIONAL BANK OTTAWA
  • Previous Mortgage Transaction Date: Jun 01, 2021
  • Previous Mortgage Loan Amount: $140,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Streator



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1518 North Otter Creek Street located in?
The 1518 North Otter Creek Street is a located in the neighborhood of Otter Creek in Streator, Streator.
What is the average sales price for listings in 1518 North Otter Creek Street?
The average sales price for units in 1518 North Otter Creek Street is $0 currently.

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