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2440 Wakefield Drive

2440 Wakefield Drive, Decatur, IL 62521
Property in South Shores
Sold Aug 31, 2023
$95,000
$165,937 by Prairie State Bank And Trust
Mortgage Due Jan 05, 2029
Sold May 01, 1994
$120,000
Local assessors in Decatur, IL have categorized 2440 Wakefield Drive as a residential type of property. The property's lot size has been calculated to be 8,712 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. 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, 2440 Wakefield Drive was last sold in Aug 28, 2023 for $95,000. Prior to that sales transaction, the property was sold for $120,000 in May 1, 1994. Current property owners are expected to pay $6,572 in taxes per year. The property on 2440 Wakefield Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $64,261. To break that down further, the land itself was valued at $5,655. While improvements to the property were assessed at a total of $58,606. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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

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

    Dimensions

  • Lot Size Square Feet: 8,712
  • 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: SOUTH DECATUR SECOND ADDITION
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SOUTH DECATUR ~SECOND ADDITION ~L 20 ~94BK2548/68 IRREG

Ownership

  • Current Owner : LINCOLN LAND ILLINOIS LAND TRUST
  • Current Owner 2: YINGLING
  • Previous Owner : SOUTH SHORES TRUST
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Decatur School District 61
  • Census Tract: 001400

Zoning

  • Zoning: MUNICIPAL

Geography

  • Account Number: 041226301004
  • District: 04
  • Parcel: 04-12-26-301-004
  • Meridian: SEC 26 TWN 16N RNG 2E
  • Municipality: DECATUR
  • Latitude: 39.8107
  • Longitude: -88.9534

    Address

  • Full Address: 2440 Wakefield Dr
  • Address - House Number: 2440
  • Address - Street Name: Wakefield
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Decatur
  • Carrier Code: C048
  • 4-Digit Zip Code: 5328
  • Zip Code: 62521

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,572
  • Tax Rate Code Area: 04055

    Appraisal Valuation

  • Standard Deviation: 0.2542
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 64
  • Final Value: 187,801
  • High Value: 235,551
  • Low Value: 140,050

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $165,937
  • First Open Lien Mortgage Lender: PRAIRIE STATE BANK AND TRUST
  • First Open Lien Mortgage Recording Date: Jan 29, 2024
  • First Open Lien Mortgage Loan Amount: $165,937
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Jan 05, 2029

    Market Valuation

  • Market Total Value: $192,803
  • Market Land Value: $16,967
  • Market Improvement Value: $175,836

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $64,261
  • Assessed Land Value: $5,655
  • Assessed Improvements Value: $58,606

    Sales

  • Current Sale Contract Date: Aug 28, 2023
  • Current Sale Recording Date: Aug 31, 2023
  • Current Sale Transaction ID: 11912883696
  • Current Sale Price: $95,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2015710
  • Previous Sale Recording Date: May 01, 1994
  • Previous Sale Contract Date: May 01, 1994
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: Deed

About South Shores



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Frequently Asked Questions

What neighborhood is 2440 Wakefield Drive located in?
The 2440 Wakefield Drive is a located in the neighborhood of South Shores in South Shores, Decatur.
What is the average sales price for listings in 2440 Wakefield Drive?
The average sales price for units in 2440 Wakefield Drive is $0 currently.

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