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407 Mayfair Lane

407 Mayfair Lane, Salem, IL 62881
Property in Salem
Sold Dec 31, 2007
$12,200
$154,000 by Marion County Savings Bank
Mortgage Due Jan 01, 2033
Sold Feb 18, 2005
$107,500
$217,766 by Bank Of America Na
Mortgage Due Mar 03, 2030
This has been categorized as a residential property type. In total, the area measurement of the land is 22,216 square feet.

Learn more about the property and building on this page. The property was last sold in Dec 14, 2007 for $12,200. Prior to that sales transaction, the property was also sold in Feb 17, 2005 for $107,500. 407 Mayfair Lane was last assessed in 2022. The total value of the property was assessed at $65,080. Specifically, the land the property is located on was valued at $11,840. While improvements on the property were assessed at a total of $53,240. 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 $4,572. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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.

Building Info

Overview

    General

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

    Dimensions

  • Lot Size Square Feet: 22,216
  • 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
  • Subdivision: NORTH POINTE ESTATES
  • Land Acres: 0.51
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: NORTH POINTE ESTATES LOT 12

Ownership

  • Current Owner : WHEELER JUDY M
  • Previous Owner : LAFFERTY SEAMUS
  • Owner Before Previous Owner: MICHAEL STEPHANIE
  • Owner Before Previous Owner 2: MICHAEL MICAH J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Salem School District 111
  • Census Tract: 952000

Geography

  • District: 11
  • Parcel: 1102101060
  • Lot: 12
  • Municipality: SALEM TOWNSHIP
  • Latitude: 38.6439
  • Longitude: -88.9514

    Address

  • Full Address: 407 Mayfair Ln
  • Address - House Number: 407
  • Address - Street Name: Mayfair
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Salem
  • Carrier Code: R004
  • 4-Digit Zip Code: 4272
  • Zip Code: 62881

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,572
  • Tax Rate Code Area: 11002

    Appraisal Valuation

  • Standard Deviation: 0.1221
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 75
  • Final Value: 308,535
  • High Value: 346,225
  • Low Value: 270,844

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $154,000
  • First Open Lien Mortgage Lender: MARION COUNTY SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Dec 31, 2007
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $154,000
  • First Open Lien Mortgage Term: 300
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2033

    Market Valuation

  • Market Total Value: $195,240
  • Market Land Value: $35,520
  • Market Improvement Value: $159,720

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $65,080
  • Assessed Land Value: $11,840
  • Assessed Improvements Value: $53,240

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 14, 2007
  • Current Sale Recording Date: Dec 31, 2007
  • Current Sale Transaction ID: 1137596021
  • Current Sale Price: $12,200
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2007R08860
  • Previous Sale Recording Date: Feb 18, 2005
  • Previous Sale Contract Date: Feb 17, 2005
  • Previous Sale Amount: $107,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MARION COUNTY SAVINGS BANK
  • First Mortgage Transaction Date: Dec 31, 2007
  • First Mortgage Loan Amount: $154,000
  • First Mortgage Terms: 300
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Jan 01, 2033

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Feb 18, 2005
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $217,766
  • Previous Mortgage Term: 300
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Mar 03, 2030

About Salem



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Frequently Asked Questions

What neighborhood is 407 Mayfair Lane located in?
The 407 Mayfair Lane is a located in the neighborhood of Salem in Salem, Salem.
What is the average sales price for listings in 407 Mayfair Lane?
The average sales price for units in 407 Mayfair Lane is $0 currently.

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