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407 West Jackson Street

407 West Jackson Street, Morris, IL 60450
Property in Morris
Sold Jul 29, 2022
$167,159
$330,400 by First Federal Savings Bank
Mortgage Due Oct 01, 2052
Sold Jan 17, 2018
$14,000
$137,464 by Guarantee Rate Inc
Mortgage
407 West Jackson Street in Morris, IL was first built in 1910 and is 114 years old. This has been categorized as a residential property type. 407 West Jackson Street has 3,032 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 7,405 square feet.

Learn more about the property and building on this page. 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, 407 West Jackson Street sold most recently in Jun 14, 2022 for a total of $167,159. If you work out the math, that's approximately a cost of $55.13 per sqft. Before that, the property was also sold for $14,000 in Jan 11, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,897 in taxes each year. The initial year of tax delinquency occurred in 2021. 407 West Jackson Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $49,788. If we break it down further, the land itself was valued at $10,553. Improvements to the property, however, were assessed at a total of $39,235. 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. 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!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: 1910
  • Effective Year Built: 1910
  • Building Count: 2
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 3,032
  • Gross Building Area: 3,032
  • Building Area: 3,032
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,032
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHAPINS ADDITION
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: CHAPINS ADD MORRIS LT 8 BLK 18 SEC 4-33-7 SEC 4-33-7

Ownership

  • Current Owner : RAMOS RICK
  • Current Owner 2: RAMOS NICOLE
  • Previous Owner : GRUNDY COUNTY CIRCUIT COURT
  • Owner Before Previous Owner: MCGOWAN KAREN E
  • Owner Before Previous Owner 2: FABIAN KAREN E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Morris School District 54
  • Census Tract: 000400

Geography

  • District: 12
  • Parcel: 05-04-454-005
  • Block: 18
  • Lot: 8
  • Meridian: SEC 04 TWN 33N RNG 07W
  • Municipality: MORRIS TOWNSHIP
  • Latitude: 41.3598
  • Longitude: -88.4276

    Address

  • Full Address: 407 W Jackson St
  • Address - House Number: 407
  • Street Direction: W
  • Address - Street Name: Jackson
  • Address - Suffix Type: St
  • State: IL
  • City Name: Morris
  • Carrier Code: C004
  • 4-Digit Zip Code: 1728
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,897
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 12001

    Appraisal Valuation

  • Standard Deviation: 0.2103
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 71
  • Final Value: 235,686
  • High Value: 285,252
  • Low Value: 186,120

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $681,300
  • First Open Lien Mortgage Lender: FIRST FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Jan 13, 2023
  • First Open Lien Mortgage Loan Amount: $330,400
  • 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: Oct 01, 2052
  • Second Open Lien Mortgage Lender: FIRST FEDERAL SAVINGS BANK
  • Second Open Lien Mortgage Recording Date: Jan 13, 2023
  • Second Open Lien Mortgage Loan Amount: $330,400
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Building or Construction Loan
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2052
  • Third Open Lien Mortgage Lender: FIRST FEDERAL SAVINGS BANK
  • Third Open Lien Mortgage Recording Date: Jul 12, 2023
  • Third Open Lien Mortgage Loan Amount: $20,500
  • Third Open Lien Mortgage Term: 180
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Third Open Lien Mortgage Loan Due Date: Jul 25, 2038

    Market Valuation

  • Market Total Value: $149,364
  • Market Land Value: $31,659
  • Market Improvement Value: $117,705

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,788
  • Assessed Land Value: $10,553
  • Assessed Improvements Value: $39,235

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 14, 2022
  • Current Sale Recording Date: Jul 29, 2022
  • Current Sale Transaction ID: 11892860933
  • Current Sale Price: $167,159
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: 614754
  • Previous Sale Recording Date: Jan 17, 2018
  • Previous Sale Contract Date: Jan 11, 2018
  • Previous Sale Amount: $14,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: GUARANTEE RATE INC
  • Previous Mortgage Transaction Date: Jan 17, 2018
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $137,464
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA

About Morris



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Frequently Asked Questions

What neighborhood is 407 West Jackson Street located in?
The 407 West Jackson Street is a located in the neighborhood of Morris in Morris, Morris.
What is the average sales price for listings in 407 West Jackson Street?
The average sales price for units in 407 West Jackson Street is $0 currently.

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