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407 East Broadway Street

407 East Broadway Street, Newark, IL 60541
Property in Big Grove
Sold Jan 09, 2018
$190,000
$180,500 by Guaranteed Rate Inc
Mortgage Due Dec 01, 2047
Sold Jul 20, 2004
$150,000
$129,900 by Farmers State Bank Newark
Mortgage Due Jul 01, 2034
407 East Broadway Street in Newark, IL was first built in 1976 and is 48 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In total, the area measurement of the land is 10,454 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. For those who need parking, there is a attached garage. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 407 East Broadway Street was last sold in Nov 15, 2017 for $190,000. Prior to that sales transaction, the property was sold for $150,000 in Jun 10, 2004. Current property owners are expected to pay $4,365 in taxes per year. The property on 407 East Broadway Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $62,421. To break that down further, the land itself was valued at $16,542. While improvements to the property were assessed at a total of $45,879. 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. 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!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Building Style: Ranch/Rambler
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HIGBYS ADDN
  • Land Acres: 0.24
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LT 1 & E 17 LT 2 BLK 10 & PT ST ADJ HIGBYS ADDN VILLAGE OF NEWARK

Ownership

  • Current Owner : CARLSON JUSTIN
  • Current Owner 2: CARLSON KRISTINA A
  • Previous Owner : NESS THOMAS A
  • Previous Owner 2: NESS CRYSTAL D
  • Owner Before Previous Owner: STARLING BRIAN J
  • Owner Before Previous Owner 2: STARLING LINDA L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Newark Community High School District 18
  • Census Tract: 890703

Geography

  • Parcel: 07-05-311-004
  • Block: 10
  • Lot: 1,2
  • Municipality: BIG GROVE TOWNSHIP
  • Latitude: 41.5343
  • Longitude: -88.5777

    Address

  • Full Address: 407 E Broadway St
  • Address - House Number: 407
  • Street Direction: E
  • Address - Street Name: Broadway
  • Address - Suffix Type: St
  • State: IL
  • City Name: Newark
  • Carrier Code: R777
  • 4-Digit Zip Code: 7701
  • Zip Code: 60541

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,365
  • Tax Rate Code Area: BG004

    Appraisal Valuation

  • Standard Deviation: 0.163
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 79
  • Final Value: 264,201
  • High Value: 307,273
  • Low Value: 221,129

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $180,500
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Jan 09, 2018
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $180,500
  • 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: Dec 01, 2047

    Market Valuation

  • Market Total Value: $187,263
  • Market Land Value: $49,626
  • Market Improvement Value: $137,637

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $62,421
  • Assessed Land Value: $16,542
  • Assessed Improvements Value: $45,879

    Sales

  • Current Sale Contract Date: Nov 15, 2017
  • Current Sale Recording Date: Jan 09, 2018
  • Current Sale Transaction ID: 11356883124
  • Current Sale Price: $190,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201800000356
  • Previous Sale Recording Date: Jul 20, 2004
  • Previous Sale Contract Date: Jun 10, 2004
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Jan 09, 2018
  • First Mortgage Loan Amount: $180,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2047

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: FARMERS STATE BANK NEWARK
  • Previous Mortgage Transaction Date: Jul 20, 2004
  • Previous Mortgage Loan Amount: $129,900
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2034

About Newark



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Frequently Asked Questions

What neighborhood is 407 East Broadway Street located in?
The 407 East Broadway Street is a located in the neighborhood of Big Grove in Newark, Newark.
What is the average sales price for listings in 407 East Broadway Street?
The average sales price for units in 407 East Broadway Street is $0 currently.

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