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311 North Sherman Street

311 North Sherman Street, Lincoln, IL 62656
Property in East Lincoln
Sold Nov 07, 2023
$95,000
$61,750 by Rocket Mortgage Llc
Mortgage
Sold Dec 26, 2019
$80,000
$77,126 by United Community Bank
Mortgage
311 North Sherman Street has been categorized by the local assessors in Lincoln, IL as a residential type of property. The area measurement of the land has been determined as 6,098 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, 311 North Sherman Street sold most recently in Nov 6, 2023 for a total of $95,000. Before that, the property was also sold for $80,000 in Dec 20, 2019. 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 $2,144 in taxes each year. 311 North Sherman Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $27,730. If we break it down further, the land itself was valued at $4,020. Improvements to the property, however, were assessed at a total of $23,710. 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

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • 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: LATHAM'S ADD
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: 8-1356 LOT 11 BLOCK 6 LATHAM'S ADDN TO LINCOLN.

Ownership

  • Current Owner : RICH CAITLYN
  • Previous Owner : OSBORN BRIANNA
  • Owner Before Previous Owner: BLOME TERRY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lincoln Elementary School District 27
  • Census Tract: 953200

Geography

  • District: 08
  • Parcel: 08-215-052-00
  • Block: 6
  • Lot: 11
  • Municipality: EAST LINCOLN
  • Latitude: 40.1467
  • Longitude: -89.3575

    Address

  • Full Address: 311 N Sherman St
  • Address - House Number: 311
  • Street Direction: N
  • Address - Street Name: Sherman
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lincoln
  • Carrier Code: C012
  • 4-Digit Zip Code: 2854
  • Zip Code: 62656

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,144
  • Tax Rate Code Area: 08002

    Appraisal Valuation

  • Standard Deviation: 0.2338
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 53
  • Final Value: 96,685
  • High Value: 119,298
  • Low Value: 74,071

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $61,750
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Nov 07, 2023
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $61,750
  • 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: $83,190
  • Market Land Value: $12,060
  • Market Improvement Value: $71,130

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $27,730
  • Assessed Land Value: $4,020
  • Assessed Improvements Value: $23,710

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 06, 2023
  • Current Sale Recording Date: Nov 07, 2023
  • Current Sale Transaction ID: 11916332973
  • Current Sale Price: $95,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2023003695
  • Previous Sale Recording Date: Dec 26, 2019
  • Previous Sale Contract Date: Dec 20, 2019
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Nov 07, 2023
  • First Mortgage Loan Amount: $61,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: UNITED COMMUNITY BANK
  • Previous Mortgage Transaction Date: Dec 26, 2019
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $77,126
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA

About Lincoln



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Frequently Asked Questions

What neighborhood is 311 North Sherman Street located in?
The 311 North Sherman Street is a located in the neighborhood of East Lincoln in Lincoln, Lincoln.
What is the average sales price for listings in 311 North Sherman Street?
The average sales price for units in 311 North Sherman Street is $0 currently.

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