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305 South Cummings Lane

305 South Cummings Lane, Washington, IL 61571
Property in Washington
Sold Oct 14, 2021
$138,900
$138,900 by Mortgage Research Center Llc
Mortgage Due Nov 01, 2051
Sold Apr 30, 2021
$75,000
Local assessors in Washington, IL have categorized 305 South Cummings Lane as a residential type of property. The home was built in 2008 and is 16 years old. The property's lot size has been calculated to be 65,340 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 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 is one full bathroom. There is also a partial bathroom. 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 305 South Cummings Lane has a total of 1,344 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 garage for those who need a place to park their vehicle. The garage on the property is 240 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 composition shingle. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 305 South Cummings Lane sold most recently in Oct 13, 2021 for a total of $138,900. If you work out the math, that's approximately a cost of $56.74 per sqft. Before that, the property was also sold for $75,000 in Apr 29, 2021. 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 $3,757 in taxes each year. 305 South Cummings Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $50,030. If we break it down further, the land itself was valued at $14,820. Improvements to the property, however, were assessed at a total of $35,210. 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 you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 948
  • Garage Type: Garage
  • Garage Square Area: 240
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 65,340
  • Total Building Area: 2,448
  • Gross Building Area: 2,448
  • Building Area: 1,344
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,344
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.5
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: SEC 22 T26N R3W TRACT IN NW CORNER OF SW 1/4 OF NW 1/4 1.50 AC TT 48

Ownership

  • Current Owner : RENGEL ARIEL
  • Current Owner 2: ROBERTS JUSTIN
  • Previous Owner : WELLS MARC J
  • Owner Before Previous Owner: BURKHART PETER A
  • Owner Before Previous Owner 2: BURKHART KAREN S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Washington Community High School District 308
  • Census Tract: 022200

Geography

  • District: 020
  • Section: 22
  • Parcel: 02-02-22-100-029
  • Meridian: SEC 22 TWN 26N RNG 03W
  • Municipality: WASHINGTON
  • Latitude: 40.701
  • Longitude: -89.4453

    Address

  • Full Address: 305 S Cummings Ln
  • Address - House Number: 305
  • Street Direction: S
  • Address - Street Name: Cummings
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Washington
  • Carrier Code: R007
  • 4-Digit Zip Code: 2167
  • Zip Code: 61571

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,757
  • Tax Rate Code Area: 02021

    Appraisal Valuation

  • Standard Deviation: 0.2291
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 68
  • Final Value: 181,212
  • High Value: 222,734
  • Low Value: 139,691

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $138,900
  • First Open Lien Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • First Open Lien Mortgage Recording Date: Oct 14, 2021
  • First Open Lien Mortgage Loan Amount: $138,900
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Market Valuation

  • Market Total Value: $150,090
  • Market Land Value: $44,460
  • Market Improvement Value: $105,630

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,030
  • Assessed Land Value: $14,820
  • Assessed Improvements Value: $35,210

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 13, 2021
  • Current Sale Recording Date: Oct 14, 2021
  • Current Sale Transaction ID: 11874859252
  • Current Sale Price: $138,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 18752
  • Previous Sale Recording Date: Apr 30, 2021
  • Previous Sale Contract Date: Apr 29, 2021
  • Previous Sale Amount: $75,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • First Mortgage Transaction Date: Oct 14, 2021
  • First Mortgage Loan Amount: $138,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Nov 01, 2051

About Washington



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Frequently Asked Questions

What neighborhood is 305 South Cummings Lane located in?
The 305 South Cummings Lane is a located in the neighborhood of Washington in Washington, Washington.
What is the average sales price for listings in 305 South Cummings Lane?
The average sales price for units in 305 South Cummings Lane is $0 currently.

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