2720 Grovelin Street

2720 Grovelin Street has been categorized by the local assessors in Godfrey, IL as a unknown type of property. Residents will have access to one full bathroom. There is one partial bathroom in the home. The area measurement of the land has been determined as 45,975 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as unknown. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $3,745 in taxes each year. The initial year of tax delinquency occurred in 2020. 2720 Grovelin Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $52,330. If we break it down further, the land itself was valued at $9,570. Improvements to the property, however, were assessed at a total of $42,760. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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.