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161 South Lake Shore Drive

161 South Lake Shore Drive, Decatur, IL 62521
Property in Homewood
Sold Jul 21, 2020
$165,000
$151,098 by Quicken Loans Inc
Mortgage
Sold Sep 26, 2007
$237,500
Buyer
Seller
$107,000 by Central Illinois Bank
Mortgage Due Oct 01, 2037
Local assessors in Decatur, IL have categorized 161 South Lake Shore Drive as a residential type of property. The home was built in 1962 and is 62 years old. The property's lot size has been calculated to be 19,000 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 1,900 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level style. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 161 South Lake Shore Drive has a total of 2,624 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 2,624 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 460 sqft. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. 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, 161 South Lake Shore Drive was last sold in Jul 17, 2020 for $165,000. According to our calculations, that's $62.88 per sqft. Prior to that sales transaction, the property was sold for $237,500 in Sep 21, 2007. Current property owners are expected to pay $5,640 in taxes per year. The property on 161 South Lake Shore Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $61,148. To break that down further, the land itself was valued at $20,839. While improvements to the property were assessed at a total of $40,309. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Wood
  • Basement Type: Full basement
  • Basement Area: 2,624
  • Garage Type: Garage
  • Garage Square Area: 460
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 19,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,900
  • Total Building Area: 2,624
  • Building Area: 2,624
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,624
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HILLS ADD
  • Land Acres: 0.436
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L 0009 B 00 LAKE HILLS ADD S ~190 LOT 8 & ~S 190 OF W 25 OF LOT ~ 190X100

Ownership

  • Current Owner : DOUGHERTY SEAN
  • Previous Owner : COX DAVID B
  • Owner Before Previous Owner: SMITH JAMES L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Decatur School District 61
  • Census Tract: 001100

Zoning

  • Zoning: MUNICIPAL

Geography

  • Account Number: 041318254009
  • District: 04
  • Parcel: 04-13-18-254-009
  • Lot: 8
  • Meridian: SEC 18 TWN 16N RNG 3E
  • Municipality: DECATUR
  • Latitude: 39.8419
  • Longitude: -88.9069

    Address

  • Full Address: 161 S Lake Shore Dr
  • Address - House Number: 161
  • Street Direction: S
  • Address - Street Name: Lake Shore
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Decatur
  • Carrier Code: C052
  • 4-Digit Zip Code: 2322
  • Zip Code: 62521

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,640
  • Tax Rate Code Area: 04055

    Appraisal Valuation

  • Standard Deviation: 0.2518
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 64
  • Final Value: 245,650
  • High Value: 307,527
  • Low Value: 183,773

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $151,098
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: Jul 21, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $151,098
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA

    Market Valuation

  • Market Total Value: $183,462
  • Market Land Value: $62,523
  • Market Improvement Value: $120,939

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $61,148
  • Assessed Land Value: $20,839
  • Assessed Improvements Value: $40,309

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 17, 2020
  • Current Sale Recording Date: Jul 21, 2020
  • Current Sale Transaction ID: 11776593983
  • Current Sale Price: $165,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1963861
  • Previous Sale Recording Date: Sep 26, 2007
  • Previous Sale Contract Date: Sep 21, 2007
  • Previous Sale Amount: $237,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: Jul 21, 2020
  • First Mortgage Loan Amount: $151,098
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: CENTRAL ILLINOIS BANK
  • Previous Mortgage Transaction Date: Sep 26, 2007
  • Previous Mortgage Loan Amount: $107,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2037

About Homewood



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Frequently Asked Questions

What neighborhood is 161 South Lake Shore Drive located in?
The 161 South Lake Shore Drive is a located in the neighborhood of Homewood in Homewood, Decatur.
What is the average sales price for listings in 161 South Lake Shore Drive?
The average sales price for units in 161 South Lake Shore Drive is $0 currently.

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