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315 Grace Drive

315 Grace Drive, Newark, IL 60541
Property in Lisbon
Sold Jun 05, 2012
$133,000
$104,800 by First Federal Savings Bank (ot
Mortgage Due Jun 01, 2042
Sold Aug 05, 2010
$75,000
Local assessors in Newark, IL have categorized 315 Grace Drive as a residential type of property. The home was built in 1970 and is 54 years old. The property's lot size has been calculated to be 14,046 square feet. The linear feet between the front and back of the lot was measured at 1,250 ft and the front of the lot was measured at 1,105 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a raised ranch style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 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.

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. The home sources its water from a well system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 315 Grace Drive was last sold in May 30, 2012 for $133,000. Prior to that sales transaction, the property was sold for $75,000 in Jul 28, 2010. Current property owners are expected to pay $4,086 in taxes per year. The property on 315 Grace Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $54,324. To break that down further, the land itself was valued at $5,627. While improvements to the property were assessed at a total of $48,697. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Full Bathrooms: 1
  • Building Style: Raised Ranch
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,046
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,105
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: HATHORN SUB
  • Land Acres: 0.322
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LT 5 HATHORN SUB. VILLAGE OF LISBON

Ownership

  • Current Owner : MEADE ADAM S
  • Current Owner 2: MEADE DANIELLE J
  • Previous Owner : GRUNDY BANK
  • Owner Before Previous Owner: THOMPSON EDWARD R
  • Owner Before Previous Owner 2: THOMPSON JENNIFER
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Newark Community High School District 18
  • Census Tract: 890703

Geography

  • Parcel: 08-30-102-005
  • Lot: 5
  • Municipality: LISBON TOWNSHIP
  • Latitude: 41.4846
  • Longitude: -88.4809

    Address

  • Full Address: 315 Grace Dr
  • Address - House Number: 315
  • Address - Street Name: Grace
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Newark
  • Carrier Code: R001
  • 4-Digit Zip Code: 9368
  • Zip Code: 60541

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,086
  • Tax Rate Code Area: LI014

    Appraisal Valuation

  • Standard Deviation: 0.1689
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 221,135
  • High Value: 258,500
  • Low Value: 183,771

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $104,800
  • First Open Lien Mortgage Lender: FIRST FEDERAL SAVINGS BANK (OT
  • First Open Lien Mortgage Recording Date: Jun 05, 2012
  • First Open Lien Mortgage Loan Amount: $104,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2042

    Market Valuation

  • Market Total Value: $162,972
  • Market Land Value: $16,881
  • Market Improvement Value: $146,091

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,324
  • Assessed Land Value: $5,627
  • Assessed Improvements Value: $48,697

    Sales

  • Current Sale Contract Date: May 30, 2012
  • Current Sale Recording Date: Jun 05, 2012
  • Current Sale Transaction ID: 1178329800
  • Current Sale Price: $133,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 201200010165
  • Previous Sale Recording Date: Aug 05, 2010
  • Previous Sale Contract Date: Jul 28, 2010
  • Previous Sale Amount: $75,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST FEDERAL SAVINGS BANK (OT
  • First Mortgage Transaction Date: Jun 05, 2012
  • First Mortgage Loan Amount: $104,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2042

About Lisbon



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Frequently Asked Questions

What neighborhood is 315 Grace Drive located in?
The 315 Grace Drive is a located in the neighborhood of Lisbon in Lisbon, Newark.
What is the average sales price for listings in 315 Grace Drive?
The average sales price for units in 315 Grace Drive is $0 currently.

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