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306 South Franklin Street

306 South Franklin Street, Salem, IL 62881
House in Salem
Sold Apr 27, 2020
$73,000
$75,055 by Brokers Solutions Inc
Mortgage
Sold Mar 20, 2017
$41,000
$66,600 by Marion County Savings Bank
Mortgage
This has been categorized as a residential property type. In total, the area measurement of the land is 6,857 square feet.

Learn more about the property and building on this page. The property was last sold in Apr 24, 2019 for $73,000. Prior to that sales transaction, the property was also sold in Mar 20, 2017 for $41,000. 306 South Franklin Street was last assessed in 2022. The total value of the property was assessed at $20,340. Specifically, the land the property is located on was valued at $5,060. While improvements on the property were assessed at a total of $15,280. 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 $1,212. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Exterior

Vinyl Siding
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: 6,857
  • 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: MC ELWAIN & NICHOLS ADD
  • Land Acres: 0.157
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: MC ELWAIN & NICHOLS ADD. LOT 2 BLOCK 3

Ownership

  • Current Owner : COMBS GREGORY A
  • Current Owner 2: COMBS MARY L
  • Previous Owner : HOBBS RACHEL M
  • Owner Before Previous Owner: SELLERS BENJAMIN L
  • Owner Before Previous Owner 2: SELLERS KARA J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Salem School District 111
  • Census Tract: 952100

Geography

  • District: 11
  • Parcel: 1100009615
  • Block: 3
  • Lot: 2
  • Municipality: SALEM TOWNSHIP
  • Latitude: 38.6252
  • Longitude: -88.9504

    Address

  • Full Address: 306 S Franklin St
  • Address - House Number: 306
  • Street Direction: S
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: IL
  • City Name: Salem
  • Carrier Code: C002
  • 4-Digit Zip Code: 2119
  • Zip Code: 62881

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,212
  • Tax Rate Code Area: 11002

    Appraisal Valuation

  • Standard Deviation: 0.1221
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 75
  • Final Value: 77,211
  • High Value: 86,643
  • Low Value: 67,778

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $75,055
  • First Open Lien Mortgage Lender: BROKERS SOLUTIONS INC
  • First Open Lien Mortgage Recording Date: Apr 27, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $75,055
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $61,020
  • Market Land Value: $15,180
  • Market Improvement Value: $45,840

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,340
  • Assessed Land Value: $5,060
  • Assessed Improvements Value: $15,280

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 24, 2019
  • Current Sale Recording Date: Apr 27, 2020
  • Current Sale Transaction ID: 11757983406
  • Current Sale Price: $73,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020R01840
  • Previous Sale Recording Date: Mar 20, 2017
  • Previous Sale Contract Date: Mar 20, 2017
  • Previous Sale Amount: $41,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BROKERS SOLUTIONS INC
  • First Mortgage Transaction Date: Apr 27, 2020
  • First Mortgage Loan Amount: $75,055
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: MARION COUNTY SAVINGS BANK
  • Previous Mortgage Transaction Date: Mar 20, 2017
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $66,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Salem



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Frequently Asked Questions

What neighborhood is 306 South Franklin Street located in?
The 306 South Franklin Street is a house located in the neighborhood of Salem in Salem, Salem.
What is the average sales price for listings in 306 South Franklin Street?
The average sales price for units in 306 South Franklin Street is $0 currently.

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