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1798 Gainsboro Road

1798 Gainsboro Road, Davis, IL 61019
House in Durand
Sold Aug 25, 2020
$172,500
$163,875 by Midwest Community Bank
Mortgage Due Sep 01, 2050
Local assessors in Davis, IL have categorized 1798 Gainsboro Road as a residential type of property. The property's lot size has been calculated to be 18,295 square feet.

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. The property was last sold in Sep 9, 2019 for $172,500. 1798 Gainsboro Road was last assessed in 2022. The total value of the property was assessed at $64,899. Specifically, the land the property is located on was valued at $1,744. While improvements on the property were assessed at a total of $63,155. 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 $4,889. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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.

Building Features

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 18,295
  • 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: CORRECTED FINAL PLAT 2
  • Land Acres: 0.42
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CORRECTED FINAL PLAT 2 OF LAKE SUMMERSET-WINDSOR SEC 6 LOT 1798

Ownership

  • Current Owner : RUST MICHAEL
  • Current Owner 2: WELLS CANDACE
  • Previous Owner : KAREN A FRANZEN LIVING TRUST
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Durand Community Unit School District 322
  • Census Tract: 004100

Zoning

  • Zoning: R1

Geography

  • Parcel: 05-07-253-017
  • Lot: 1798
  • Municipality: DURAND
  • Latitude: 42.4428
  • Longitude: -89.3846

    Address

  • Full Address: 1798 Gainsboro Ave
  • Address - House Number: 1798
  • Address - Street Name: Gainsboro
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Davis
  • Carrier Code: R001
  • 4-Digit Zip Code: 9452
  • Zip Code: 61019

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,889
  • Tax Rate Code Area: 230

    Appraisal Valuation

  • Standard Deviation: 0.2123
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 71
  • Final Value: 257,833
  • High Value: 312,586
  • Low Value: 203,081

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $169,875
  • First Open Lien Mortgage Lender: MIDWEST COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Aug 25, 2020
  • First Open Lien Mortgage Loan Amount: $163,875
  • 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: Sep 01, 2050
  • Second Open Lien Mortgage Lender: ILLINOIS HOUSING DEVELOPMENT A
  • Second Open Lien Mortgage Recording Date: Aug 25, 2020
  • Second Open Lien Mortgage Loan Amount: $6,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $194,697
  • Market Land Value: $5,232
  • Market Improvement Value: $189,465

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $64,899
  • Assessed Land Value: $1,744
  • Assessed Improvements Value: $63,155

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 09, 2019
  • Current Sale Recording Date: Aug 25, 2020
  • Current Sale Transaction ID: 11808128400
  • Current Sale Price: $172,500
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: 24472

    Last Sale Mortgage

  • First Mortgage Lender: MIDWEST COMMUNITY BANK
  • First Mortgage Transaction Date: Aug 25, 2020
  • First Mortgage Loan Amount: $163,875
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

About Lake Summerset



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Frequently Asked Questions

What neighborhood is 1798 Gainsboro Road located in?
The 1798 Gainsboro Road is a house located in the neighborhood of Durand in Lake Summerset, Davis.
What is the average sales price for listings in 1798 Gainsboro Road?
The average sales price for units in 1798 Gainsboro Road is $0 currently.

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