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3950 East Park Lane

3950 East Park Lane, Decatur, IL 62521
Property in Homewood
Sold Feb 06, 2017
$125,000
$124,900 by Mortgage Services Iii Llc
Mortgage Due Mar 01, 2047
Sold Jun 30, 2009
$125,000
$118,750 by Town And Country Banc Mortgage
Mortgage Due Jun 01, 2039
Local assessors in Decatur, IL have categorized 3950 East Park Lane as a residential type of property. The home was built in 1930 and is 94 years old. The property's lot size has been calculated to be 7,841 square feet. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3950 East Park Lane has a total of 1,671 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 1,671 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 576 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. 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, 3950 East Park Lane sold most recently in Feb 2, 2017 for a total of $125,000. If you work out the math, that's approximately a cost of $74.81 per sqft. Before that, the property was also sold for $125,000 in May 22, 2009. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $0 in taxes each year. 3950 East Park Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $31,181. If we break it down further, the land itself was valued at $2,323. Improvements to the property, however, were assessed at a total of $28,858. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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

  • Year Built: 1930
  • Effective Year Built: 1930
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 1,671
  • Garage Type: Garage
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 1,671
  • Building Area: 1,671
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,671
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAKE PARK PLACE
  • Land Acres: 0.18
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L 0018 B 00 LAKE PARK PLACE ~01BK3120/268 IRREG

Ownership

  • Current Owner : WILLIAMS DONNA
  • Current Owner 2: WILLIAMS RANDALL G
  • Previous Owner : HILL TERRY L
  • Owner Before Previous Owner: JOHNSON DANIEL W
  • Owner Before Previous Owner 2: TOZER MARK F
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Decatur School District 61
  • Census Tract: 001100

Zoning

  • Zoning: MUNICIPAL

Geography

  • Account Number: 041308354008
  • District: 04
  • Parcel: 04-13-08-354-008
  • Municipality: DECATUR
  • Latitude: 39.851
  • Longitude: -88.8946

    Address

  • Full Address: 3950 E Park Ln
  • Address - House Number: 3950
  • Street Direction: E
  • Address - Street Name: Park
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Decatur
  • Carrier Code: C077
  • 4-Digit Zip Code: 1740
  • Zip Code: 62521

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 04055

    Appraisal Valuation

  • Standard Deviation: 0.1391
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 72
  • Final Value: 106,020
  • High Value: 120,775
  • Low Value: 91,264

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $124,900
  • First Open Lien Mortgage Lender: MORTGAGE SERVICES III LLC
  • First Open Lien Mortgage Recording Date: Feb 06, 2017
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $124,900
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2047

    Market Valuation

  • Market Total Value: $93,553
  • Market Land Value: $6,970
  • Market Improvement Value: $86,583

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $31,181
  • Assessed Land Value: $2,323
  • Assessed Improvements Value: $28,858

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 02, 2017
  • Current Sale Recording Date: Feb 06, 2017
  • Current Sale Transaction ID: 1959753899
  • Current Sale Price: $125,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1914875
  • Previous Sale Recording Date: Jun 30, 2009
  • Previous Sale Contract Date: May 22, 2009
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE SERVICES III LLC
  • First Mortgage Transaction Date: Feb 06, 2017
  • First Mortgage Loan Amount: $124,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Mar 01, 2047

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: TOWN AND COUNTRY BANC MORTGAGE
  • Previous Mortgage Transaction Date: Jun 30, 2009
  • Previous Mortgage Loan Amount: $118,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2039

About Homewood



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Frequently Asked Questions

What neighborhood is 3950 East Park Lane located in?
The 3950 East Park Lane is a located in the neighborhood of Homewood in Homewood, Decatur.
What is the average sales price for listings in 3950 East Park Lane?
The average sales price for units in 3950 East Park Lane is $0 currently.

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