Check Availability

408 Cottonwood Circle

408 Cottonwood Circle, East Peoria, IL 61611
Property in Groveland
Sold Jun 25, 2010
$194,500
$188,932 by Bank Of America Na
Mortgage Due Jul 01, 2040
Sold Sep 05, 2008
$648,000
$723,070 by Morton Community Bank
Mortgage Due Sep 04, 2011
408 Cottonwood Circle has been categorized by the local assessors in East Peoria, IL as a residential type of property. The building on the property was first built in 2009 and is 15 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 408 Cottonwood Circle has 1,646 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,315 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 7,894 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 1,050 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. The roof of the building is made of composition shingle. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. 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, 408 Cottonwood Circle sold most recently in Jun 24, 2010 for a total of $194,500. If you work out the math, that's approximately a cost of $89.59 per sqft. Before that, the property was also sold for $648,000 in Sep 4, 2008. 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 $6,409 in taxes each year. 408 Cottonwood Circle was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $76,230. If we break it down further, the land itself was valued at $8,240. Improvements to the property, however, were assessed at a total of $67,990. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 2009
  • Effective Year Built: 2009
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 823
  • Garage Type: Attached
  • Garage Square Area: 1,050
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,894
  • Lot Size Depth Feet: 1,315
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,171
  • Gross Building Area: 2,171
  • Building Area: 1,646
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,646
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COTTONWOOD ESTATES
  • Land Acres: 0.181
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: SEC 9 T25N R4W COTTONWOOD ESTATES LOT 16 B SW 1/4

Ownership

  • Current Owner : RUTHERFORD SHIRINE
  • Previous Owner : WASHINGTON TRAILS EDGE LLC
  • Owner Before Previous Owner: ALPHA COMMUNITY BANK
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: East Peoria Community High School District 309
  • Census Tract: 020302

Geography

  • District: 050
  • Section: 9
  • Parcel: 05-05-09-303-017
  • Lot: 16
  • Meridian: SEC 09 TWN 25N RNG 04W
  • Municipality: GROVELAND
  • Latitude: 40.6284
  • Longitude: -89.5646

    Address

  • Full Address: 408 Cottonwood Cir
  • Address - House Number: 408
  • Address - Street Name: Cottonwood
  • Address - Suffix Type: Cir
  • State: IL
  • City Name: East Peoria
  • Carrier Code: C065
  • 4-Digit Zip Code: 4006
  • Zip Code: 61611

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,409
  • Tax Rate Code Area: 05010

    Appraisal Valuation

  • Standard Deviation: 0.235
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 67
  • Final Value: 243,353
  • High Value: 300,560
  • Low Value: 186,147

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $188,932
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Jun 25, 2010
  • First Open Lien Mortgage Loan Amount: $188,932
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2040

    Market Valuation

  • Market Total Value: $228,690
  • Market Land Value: $24,720
  • Market Improvement Value: $203,970

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $76,230
  • Assessed Land Value: $8,240
  • Assessed Improvements Value: $67,990

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 24, 2010
  • Current Sale Recording Date: Jun 25, 2010
  • Current Sale Transaction ID: 1148281304
  • Current Sale Price: $194,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201000011803
  • Previous Sale Recording Date: Sep 05, 2008
  • Previous Sale Contract Date: Sep 04, 2008
  • Previous Sale Amount: $648,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Jun 25, 2010
  • First Mortgage Loan Amount: $188,932
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2040

    Previous Mortgages

  • Previous Mortgage Lender: MORTON COMMUNITY BANK
  • Previous Mortgage Transaction Date: Sep 05, 2008
  • Previous Mortgage Loan Amount: $723,070
  • Previous Mortgage Term: 36
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Sep 04, 2011

About East Peoria



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 408 Cottonwood Circle located in?
The 408 Cottonwood Circle is a located in the neighborhood of Groveland in East Peoria, East Peoria.
What is the average sales price for listings in 408 Cottonwood Circle?
The average sales price for units in 408 Cottonwood Circle is $0 currently.

Quantcast