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3514 North Prospect Road

3514 North Prospect Road, Peoria, IL 61603
Property in Peoria City
3514 North Prospect Road has been categorized by the local assessors in Peoria, IL as a commercial type of property. The area measurement of the land has been determined as 8,589 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. The property was last sold in Oct 26, 2021 for $125,000. Prior to that sales transaction, the property was also sold in Jun 1, 1999 for $60,000. 3514 North Prospect Road was last assessed in 2022. The total value of the property was assessed at $32,790. Specifically, the land the property is located on was valued at $11,210. While improvements on the property were assessed at a total of $21,580. 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 $3,163. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,589
  • 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: Commercial
  • Subdivision: RESERVOIR HEIGHTS
  • Land Acres: 0.197
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: RESERVOIR HEIGHTS SE 1/4 SEC 27-9N-8E LOTS 1 & 2 & W 5 LOT 3 BLK 4

Ownership

  • Current Owner : FAITH AUTO SALES AND REPAIR LLC
  • Previous Owner : PROSPECT ASSOCIATES LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Peoria School District 150
  • School Tax School District: C0
  • Census Tract: 002600

Geography

  • Section: 27
  • Parcel: 14-27-403-001
  • Block: 4
  • Lot: 1,2,3
  • Meridian: SEC 27 TWN 9N RNG 8E
  • Municipality: CITY OF PEORIA
  • Latitude: 40.7306
  • Longitude: -89.5741

    Address

  • Full Address: 3514 N Prospect Rd
  • Address - House Number: 3514
  • Street Direction: N
  • Address - Street Name: Prospect
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Peoria
  • Carrier Code: C012
  • 4-Digit Zip Code: 1522
  • Zip Code: 61603

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,163
  • Tax Rate Code Area: 001

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $137,500
  • First Open Lien Mortgage Lender: MORTON COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Nov 02, 2021
  • First Open Lien Mortgage Loan Amount: $137,500
  • 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: $98,370
  • Market Land Value: $33,630
  • Market Improvement Value: $64,740

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,790
  • Assessed Land Value: $11,210
  • Assessed Improvements Value: $21,580

    Sales

  • Current Sale Contract Date: Oct 26, 2021
  • Current Sale Recording Date: Nov 02, 2021
  • Current Sale Transaction ID: 11876141318
  • Current Sale Price: $125,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 24902
  • Previous Sale Recording Date: Jun 01, 1999
  • Previous Sale Contract Date: Jun 01, 1999
  • Previous Sale Amount: $60,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTON COMMUNITY BANK
  • First Mortgage Transaction Date: Nov 02, 2021
  • First Mortgage Loan Amount: $137,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

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Frequently Asked Questions

What neighborhood is 3514 North Prospect Road located in?
The 3514 North Prospect Road is a located in the neighborhood of Peoria City in Peoria, Peoria.
What is the average sales price for listings in 3514 North Prospect Road?
The average sales price for units in 3514 North Prospect Road is $0 currently.

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