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310 West 8th Street

310 West 8th Street, Sterling, IL 61081
Multifamily in Sterling
Sold May 11, 2022
$60,000
$58,913 by Guaranteed Rate Inc
Mortgage Due Jun 01, 2052
Sold Jun 11, 2012
$48,500
This has been categorized as a residential property type. In total, the area measurement of the land is 8,137 square feet.

Learn more about the property and building on this page. 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, 310 West 8th Street sold most recently in May 6, 2022 for a total of $60,000. Before that, the property was also sold for $48,500 in Jun 8, 2012. 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 $2,261 in taxes each year. 310 West 8th Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $21,156. If we break it down further, the land itself was valued at $2,966. Improvements to the property, however, were assessed at a total of $18,190. 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.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.

Building Features

Parking

Garage Parking

Exterior

Aluminum 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: 8,137
  • 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: WALLACE ADDITION
  • Land Acres: 0.186
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WALLACE ADDITION LOT 10 BLK 43 260400X

Ownership

  • Current Owner : VAUGHN SAMUEL
  • Previous Owner : HOLZRICHTER SR JAMES H
  • Previous Owner 2: HOLZRICHTER MARY A
  • Owner Before Previous Owner: REYES KATIE L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Sterling Community Unit District 5
  • Census Tract: 001102

Geography

  • Account Number: 111649
  • District: 10
  • Parcel: 1121328007
  • Block: 43
  • Lot: 10
  • Municipality: STERLING
  • Latitude: 41.7933
  • Longitude: -89.7009

    Address

  • Full Address: 310 W 8th St
  • Address - House Number: 310
  • Street Direction: W
  • Address - Street Name: 8th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Sterling
  • Carrier Code: C017
  • 4-Digit Zip Code: 3448
  • Zip Code: 61081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,261
  • Tax Rate Code Area: 01005

    Appraisal Valuation

  • Standard Deviation: 0.1245
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 75
  • Final Value: 55,379
  • High Value: 62,277
  • Low Value: 48,480

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $58,913
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: May 11, 2022
  • First Open Lien Mortgage Loan Amount: $58,913
  • 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: Jun 01, 2052

    Market Valuation

  • Market Total Value: $63,468
  • Market Land Value: $8,898
  • Market Improvement Value: $54,570

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,156
  • Assessed Land Value: $2,966
  • Assessed Improvements Value: $18,190

    Sales

  • Current Sale Contract Date: May 06, 2022
  • Current Sale Recording Date: May 11, 2022
  • Current Sale Transaction ID: 11888219743
  • Current Sale Price: $60,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2865
  • Previous Sale Recording Date: Jun 11, 2012
  • Previous Sale Contract Date: Jun 08, 2012
  • Previous Sale Amount: $48,500
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: May 11, 2022
  • First Mortgage Loan Amount: $58,913
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2052

About Sterling



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 310 West 8th Street located in?
The 310 West 8th Street is a multifamily located in the neighborhood of Sterling in Sterling, Sterling.
What is the average sales price for listings in 310 West 8th Street?
The average sales price for units in 310 West 8th Street is $0 currently.

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