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2721 2nd Street

2721 2nd Street, Peru, IL 61354
Property in Peru
Sold Oct 20, 2017
$122,500
$120,280 by Ranlife Inc
Mortgage Due Nov 01, 2047
Sold Jul 25, 2013
$32,500
2721 2nd Street has been categorized by the local assessors in Peru, IL as a residential type of property. The building on the property was first built in 1914 and is 110 years old. The area measurement of the land has been determined as 12,197 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2721 2nd Street sold most recently in Oct 18, 2017 for a total of $122,500. If you work out the math, that's approximately a cost of $92.38 per sqft. Before that, the property was also sold for $32,500 in Jul 24, 2013. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,157 in taxes each year. 2721 2nd Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $39,652. If we break it down further, the land itself was valued at $5,470. Improvements to the property, however, were assessed at a total of $34,182. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 1914
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 1,326
  • Gross Building Area: 1,326
  • Building Area: 1,326
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WESTERN ADD
  • Land Acres: 0.28
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: WESTERN ADD W100' S125' OL 12

Ownership

  • Current Owner : WALSH PHILLIP R
  • Previous Owner : KRAMER CHRISTIAN J
  • Previous Owner 2: KRAMER TERI
  • Owner Before Previous Owner: WELBERS BARRY W
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Peru Elementary School District 124
  • Census Tract: 963200

Geography

  • District: PE
  • Parcel: 17-17-328-012
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.3259
  • Longitude: -89.1413

    Address

  • Full Address: 2721 2nd St
  • Address - House Number: 2721
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Peru
  • Carrier Code: C001
  • 4-Digit Zip Code: 3107
  • Zip Code: 61354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,157
  • Tax Rate Code Area: PE029

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 129,267
  • High Value: 146,866
  • Low Value: 111,667

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $120,280
  • First Open Lien Mortgage Lender: RANLIFE INC
  • First Open Lien Mortgage Recording Date: Oct 20, 2017
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $120,280
  • 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: Nov 01, 2047

    Market Valuation

  • Market Total Value: $118,956
  • Market Land Value: $16,410
  • Market Improvement Value: $102,546

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,652
  • Assessed Land Value: $5,470
  • Assessed Improvements Value: $34,182

    Sales

  • Current Sale Contract Date: Oct 18, 2017
  • Current Sale Recording Date: Oct 20, 2017
  • Current Sale Transaction ID: 1397799532
  • Current Sale Price: $122,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 201716867
  • Previous Sale Recording Date: Jul 25, 2013
  • Previous Sale Contract Date: Jul 24, 2013
  • Previous Sale Amount: $32,500
  • Previous Sale Document Type: Executor's Deed

    Last Sale Mortgage

  • First Mortgage Lender: RANLIFE INC
  • First Mortgage Transaction Date: Oct 20, 2017
  • First Mortgage Loan Amount: $120,280
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2047

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Peru



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Frequently Asked Questions

What neighborhood is 2721 2nd Street located in?
The 2721 2nd Street is a located in the neighborhood of Peru in Peru, Peru.
What is the average sales price for listings in 2721 2nd Street?
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