Check Availability

401 West Lake Street

401 West Lake Street, Salem, IL 62881
Property in Salem
Sold Jun 22, 2015
$80,000
$59,000 by Kinmundy Bank
Mortgage
This has been categorized as a residential property type. The linear feet across the front of the lot is 1,000 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 217,800 square feet.

Learn more about the property and building on this page. 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, 401 West Lake Street was last sold in Jun 19, 2015 for $80,000. Current property owners are expected to pay $1,855 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 401 West Lake Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $35,240. To break that down further, the land itself was valued at $630. While improvements to the property were assessed at a total of $34,610. 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. 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.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.

Building Features

Exterior

Brick Exterior
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: 217,800
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,000
  • 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
  • Land Acres: 5
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: E PT SE NW PT N 5 AC 100 X 125

Ownership

  • Current Owner : DAVIS TONI L
  • Previous Owner : CAPPS MARK ALLEN
  • Previous Owner 2: CAPPS DONNA S
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Salem School District 111
  • Census Tract: 952100

Geography

  • District: 11
  • Parcel: 1114000056
  • Municipality: SALEM TOWNSHIP
  • Latitude: 38.6164
  • Longitude: -88.9498

    Address

  • Full Address: 401 W Lake St
  • Address - House Number: 401
  • Street Direction: W
  • Address - Street Name: Lake
  • Address - Suffix Type: St
  • State: IL
  • City Name: Salem
  • Carrier Code: R002
  • 4-Digit Zip Code: 2434
  • Zip Code: 62881

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,855
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 11002

    Appraisal Valuation

  • Standard Deviation: 0.1974
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 73
  • Final Value: 109,797
  • High Value: 131,479
  • Low Value: 88,116

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $59,000
  • First Open Lien Mortgage Lender: KINMUNDY BANK
  • First Open Lien Mortgage Recording Date: Apr 21, 2022
  • First Open Lien Mortgage Loan Amount: $59,000
  • 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: $105,720
  • Market Land Value: $1,890
  • Market Improvement Value: $103,830

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,240
  • Assessed Land Value: $630
  • Assessed Improvements Value: $34,610

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 19, 2015
  • Current Sale Recording Date: Jun 22, 2015
  • Current Sale Transaction ID: 1207597214
  • Current Sale Price: $80,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2015R03427

    Last Sale Mortgage

  • First Mortgage Lender: MARION COUNTY SAVINGS BANK
  • First Mortgage Transaction Date: Jun 22, 2015
  • First Mortgage Loan Amount: $62,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Salem



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 401 West Lake Street located in?
The 401 West Lake Street is a located in the neighborhood of Salem in Salem, Salem.
What is the average sales price for listings in 401 West Lake Street?
The average sales price for units in 401 West Lake Street is $0 currently.

Quantcast