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406 East State Street

406 East State Street, Mahomet, IL 61853
Property in Mahomet
Sold Oct 04, 2022
$34,666
$112,000 by Flat Branch Mortgage Inc
Mortgage Due Nov 01, 2052
Sold Jul 14, 2021
$144,000
$115,200 by First State Bank
Mortgage Due Jul 08, 2026
Local assessors in Mahomet, IL have categorized 406 East State Street as a residential type of property. The home was built in 1957 and is 67 years old. The property's lot size has been calculated to be 9,135 square feet. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. 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.

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 attached garage for those who need a place to park their vehicle. The garage on the property is 256 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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. The building has a roof that is made of materials that we aren't sure of. Lots of stucco were used in the construction of the exterior walls of the home. While the walls in the interior have been made of plaster. As for flooring, was the material of choice during construction. The home's a central heating system is the primary heating source. 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, 406 East State Street sold most recently in Sep 29, 2022 for a total of $34,666. If you work out the math, that's approximately a cost of $19.95 per sqft. Before that, the property was also sold for $144,000 in Jun 24, 2021. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $4,018 in taxes each year. 406 East State Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $50,200. If we break it down further, the land itself was valued at $10,200. Improvements to the property, however, were assessed at a total of $40,000. 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

  • Year Built: 1957
  • Effective Year Built: 1957
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Plaster
  • Roof Cover Type: Other
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 256
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 9,135
  • Total Building Area: 1,738
  • Building Area: 1,738
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

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

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BARR, J.C., SUB
  • Land Acres: 0.21
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LOT 2 BARR, J.C., SUB

Ownership

  • Current Owner : SUAREZ PHILIP
  • Previous Owner : TOPLINE PROPERTIES LLC
  • Owner Before Previous Owner: RIDDLE JEFFREY A
  • Owner Before Previous Owner 2: RIDDLE DEBRA A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Mahomet-Seymour Community Unit School District 3
  • School Tax School District: 101
  • Census Tract: 010601

Geography

  • District: 15
  • Parcel: 15-13-15-103-010
  • Lot: 2
  • Meridian: SEC 15 TWN 20N RNG 07E
  • Municipality: MAHOMET
  • Latitude: 40.1974
  • Longitude: -88.4035

    Address

  • Full Address: 406 E State St
  • Address - House Number: 406
  • Street Direction: E
  • Address - Street Name: State
  • Address - Suffix Type: St
  • State: IL
  • City Name: Mahomet
  • Carrier Code: R005
  • 4-Digit Zip Code: 9578
  • Zip Code: 61853

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,018
  • Tax Rate Code Area: 1502

    Appraisal Valuation

  • Standard Deviation: 0.2542
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 64
  • Final Value: 146,694
  • High Value: 183,996
  • Low Value: 109,393

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $112,000
  • First Open Lien Mortgage Lender: FLAT BRANCH MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Oct 04, 2022
  • First Open Lien Mortgage Loan Amount: $112,000
  • 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: Nov 01, 2052

    Market Valuation

  • Market Total Value: $150,600
  • Market Land Value: $30,600
  • Market Improvement Value: $120,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $50,200
  • Assessed Land Value: $10,200
  • Assessed Improvements Value: $40,000

    Sales

  • Current Sale Contract Date: Sep 29, 2022
  • Current Sale Recording Date: Oct 04, 2022
  • Current Sale Transaction ID: 11896769404
  • Current Sale Price: $34,666
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 18166
  • Previous Sale Recording Date: Jul 14, 2021
  • Previous Sale Contract Date: Jun 24, 2021
  • Previous Sale Amount: $144,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FLAT BRANCH MORTGAGE INC
  • First Mortgage Transaction Date: Oct 04, 2022
  • First Mortgage Loan Amount: $112,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: FIRST STATE BANK
  • Previous Mortgage Transaction Date: Jul 14, 2021
  • Previous Mortgage Loan Amount: $115,200
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Jul 08, 2026

About Mahomet



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Frequently Asked Questions

What neighborhood is 406 East State Street located in?
The 406 East State Street is a located in the neighborhood of Mahomet in Mahomet, Mahomet.
What is the average sales price for listings in 406 East State Street?
The average sales price for units in 406 East State Street is $0 currently.

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