303 West Lincoln Street

Local assessors in Pontiac, IL have categorized 303 West Lincoln Street as a residential type of property. The home was built in 1921 and is 103 years old. The property's lot size has been calculated to be 7,440 square feet. The linear feet between the front and back of the lot was measured at 1,240 ft and the front of the lot was measured at 600 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 303 West Lincoln Street has a total of 1,663 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 detached garage for those who need a place to park their vehicle. The garage on the property is 506 sqft. Moving onto specific details regarding the building. Our sources show that the building condition is average. The building has a roof that is made of asphalt. Lots of wood were used in the construction of the exterior walls of the home. The home's a gas heating system is the primary heating source. The property was last sold in Aug 11, 2020 for $97,000. That's $58.33 per sqft. Prior to that sales transaction, the property was also sold in Jan 6, 2016 for $20,000. 303 West Lincoln Street was last assessed in 2022. The total value of the property was assessed at $29,307. Specifically, the land the property is located on was valued at $4,330. While improvements on the property were assessed at a total of $24,977. 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 $2,344. 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.