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1935 McMasters Avenue

1935 McMasters Avenue, Galesburg, IL 61401
Property in Galesburg City
Sold Jun 27, 2023
$98,500
Sold Sep 11, 2014
$65,000
$61,864 by Wells Fargo Bk Na
Mortgage Due Oct 01, 2044
Local assessors in Galesburg, IL have categorized 1935 McMasters Avenue as a residential type of property. The home was built in 1956 and is 68 years old. The property's lot size has been calculated to be 7,786 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1935 McMasters Avenue has a total of 1,416 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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 352 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Jun 26, 2023 for $98,500. That's $69.56 per sqft. Prior to that sales transaction, the property was also sold in Sep 10, 2014 for $65,000. 1935 McMasters Avenue was last assessed in 2022. The total value of the property was assessed at $25,680. Specifically, the land the property is located on was valued at $3,260. While improvements on the property were assessed at a total of $22,420. 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 $1,865. 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

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,008
  • Garage Type: Garage
  • Garage Square Area: 352
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,786
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,416
  • Building Area: 1,416
  • Building Area Measurement: Base Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,416
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KNOX HOMES ADDN
  • Land Acres: 0.178
  • Standard Land Use Code: Single family residential
  • Legal Description 1: KNOX HOMES ADDN LOT 131

Ownership

  • Current Owner : SKINNER ALLISON M
  • Previous Owner : MORAN CHRISTINA L
  • Owner Before Previous Owner: REBECCA CRAWFORD
  • Is Owner Occupied: Owner-occupied property
  • Vacant Flag Date: Nov 30, 2023

Neighborhood

  • School District Name: Galesburg Community Unit School District 205
  • Census Tract: 001100

Geography

  • District: 99
  • Parcel: 99-13-353-049
  • Lot: 131
  • Municipality: CITY OF GALESBURG
  • Latitude: 40.9342
  • Longitude: -90.3418

    Address

  • Full Address: 1935 Mcmasters Ave
  • Address - House Number: 1935
  • Address - Street Name: Mcmasters
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Galesburg
  • Carrier Code: C023
  • 4-Digit Zip Code: 6640
  • Zip Code: 61401

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,865
  • Tax Rate Code Area: 36

    Appraisal Valuation

  • Standard Deviation: 0.2661
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 62
  • Final Value: 97,600
  • High Value: 123,578
  • Low Value: 71,623

    Market Valuation

  • Market Total Value: $77,040
  • Market Land Value: $9,780
  • Market Improvement Value: $67,260

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,680
  • Assessed Land Value: $3,260
  • Assessed Improvements Value: $22,420

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 26, 2023
  • Current Sale Recording Date: Jun 27, 2023
  • Current Sale Transaction ID: 11914283925
  • Current Sale Price: $98,500
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Sep 11, 2014
  • Previous Sale Contract Date: Sep 10, 2014
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BK NA
  • Previous Mortgage Transaction Date: Sep 11, 2014
  • Previous Mortgage Loan Amount: $61,864
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Oct 01, 2044

About Galesburg



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Frequently Asked Questions

What neighborhood is 1935 McMasters Avenue located in?
The 1935 McMasters Avenue is a located in the neighborhood of Galesburg City in Galesburg, Galesburg.
What is the average sales price for listings in 1935 McMasters Avenue?
The average sales price for units in 1935 McMasters Avenue is $0 currently.

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