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325 Mayfair Drive

325 Mayfair Drive, Lincoln, IL 62656
Property in East Lincoln
Sold Nov 23, 2021
$185,000
$185,000 by Guaranteed Rate Inc
Mortgage
Sold Aug 29, 2017
$138,000
$90,000 by Midwest Bank
Mortgage
This has been categorized as a residential property type. In total, the area measurement of the land is 11,326 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, 325 Mayfair Drive sold most recently in Nov 19, 2021 for a total of $185,000. Before that, the property was also sold for $138,000 in Aug 25, 2017. 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 $4,237 in taxes each year. 325 Mayfair Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $48,940. If we break it down further, the land itself was valued at $9,530. Improvements to the property, however, were assessed at a total of $39,410. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 11,326
  • 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: MAYFAIR ADD
  • Land Acres: 0.26
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: 8-3361 LOT 24 & W 20 FT LOT 25 BLOCK 1 MAYFAIR ADDN.

Ownership

  • Current Owner : MILLER JAMES E
  • Current Owner 2: MILLER SUSAN
  • Previous Owner : NELSON JOHN R
  • Previous Owner 2: NELSON MARY L
  • Owner Before Previous Owner: SEMPLE EUGENE EARL
  • Owner Before Previous Owner 2: SEMPLE JANET LEE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants
  • Owner Generation Identifier: JR

Neighborhood

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

Geography

  • District: 08
  • Parcel: 08-401-025-00
  • Block: 1
  • Lot: 24,25
  • Municipality: EAST LINCOLN
  • Latitude: 40.1577
  • Longitude: -89.3442

    Address

  • Full Address: 325 Mayfair Dr
  • Address - House Number: 325
  • Address - Street Name: Mayfair
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lincoln
  • Carrier Code: C005
  • 4-Digit Zip Code: 1336
  • Zip Code: 62656

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,237
  • Tax Rate Code Area: 08002

    Appraisal Valuation

  • Standard Deviation: 0.2663
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 62
  • Final Value: 187,326
  • High Value: 237,219
  • Low Value: 137,432

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $185,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Nov 23, 2021
  • First Open Lien Mortgage Loan Amount: $185,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA

    Market Valuation

  • Market Total Value: $146,820
  • Market Land Value: $28,590
  • Market Improvement Value: $118,230

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,940
  • Assessed Land Value: $9,530
  • Assessed Improvements Value: $39,410

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 19, 2021
  • Current Sale Recording Date: Nov 23, 2021
  • Current Sale Transaction ID: 11870055431
  • Current Sale Price: $185,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021117895
  • Previous Sale Recording Date: Aug 29, 2017
  • Previous Sale Contract Date: Aug 25, 2017
  • Previous Sale Amount: $138,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Nov 23, 2021
  • First Mortgage Loan Amount: $185,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA

    Previous Mortgages

  • Previous Mortgage Lender: MIDWEST BANK
  • Previous Mortgage Transaction Date: Aug 29, 2017
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $90,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Lincoln



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Frequently Asked Questions

What neighborhood is 325 Mayfair Drive located in?
The 325 Mayfair Drive is a located in the neighborhood of East Lincoln in Lincoln, Lincoln.
What is the average sales price for listings in 325 Mayfair Drive?
The average sales price for units in 325 Mayfair Drive is $0 currently.

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