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2580 East Wood Street

2580 East Wood Street, Decatur, IL 62521
Property in Galloway
Sold Oct 13, 2015
$45,000
$29,357 by Draper & Kramer Mortgage Corp
Mortgage Due Oct 01, 2045
Local assessors in Decatur, IL have categorized 2580 East Wood Street as a residential type of property. The property's lot size has been calculated to be 5,600 square feet. The linear feet between the front and back of the lot was measured at 400 ft and the front of the lot was measured at 1,400 ft.

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, 2580 East Wood Street was last sold in Sep 28, 2015 for $45,000. Current property owners are expected to pay $0 in taxes per year. The property on 2580 East Wood Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $11,322. To break that down further, the land itself was valued at $621. While improvements to the property were assessed at a total of $10,701. 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. 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.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: 5,600
  • Lot Size Depth Feet: 400
  • Lot Size Frontage Feet: 1,400
  • 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: EAST SIDE ADD
  • Land Acres: 0.129
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L 0071 B 00 EAST SIDE ADD ~58 04 2 14 0248 000 00 ~ 140X40

Ownership

  • Current Owner : DAVIS LINDA J
  • Previous Owner : COLEMAN JOHN MICHAEL
  • Previous Owner 2: BURNS NYMA LORENE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: MUNICIPAL

Geography

  • Account Number: 041213282024
  • District: 04
  • Parcel: 04-12-13-282-024
  • Municipality: DECATUR
  • Latitude: 39.8421
  • Longitude: -88.917

    Address

  • Full Address: 2580 E Wood St
  • Address - House Number: 2580
  • Street Direction: E
  • Address - Street Name: Wood
  • Address - Suffix Type: St
  • State: IL
  • City Name: Decatur
  • Carrier Code: C003
  • 4-Digit Zip Code: 2242
  • Zip Code: 62521

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 04055

    Appraisal Valuation

  • Standard Deviation: 0.2582
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 63
  • Final Value: 44,436
  • High Value: 55,911
  • Low Value: 32,962

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $29,357
  • First Open Lien Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Oct 13, 2015
  • First Open Lien Mortgage Loan Amount: $29,357
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2045

    Market Valuation

  • Market Total Value: $33,969
  • Market Land Value: $1,863
  • Market Improvement Value: $32,106

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $11,322
  • Assessed Land Value: $621
  • Assessed Improvements Value: $10,701

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 28, 2015
  • Current Sale Recording Date: Oct 13, 2015
  • Current Sale Transaction ID: 1332554762
  • Current Sale Price: $45,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1894866

    Last Sale Mortgage

  • First Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Mortgage Transaction Date: Oct 13, 2015
  • First Mortgage Loan Amount: $29,357
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2045

About Galloway



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Frequently Asked Questions

What neighborhood is 2580 East Wood Street located in?
The 2580 East Wood Street is a located in the neighborhood of Galloway in Galloway, Decatur.
What is the average sales price for listings in 2580 East Wood Street?
The average sales price for units in 2580 East Wood Street is $0 currently.

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