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437 South Mitchell Street

437 South Mitchell Street, Braceville, IL 60407
House in Braceville
Sold Sep 23, 2020
$64,900
$132,000 by Cu American Financial Svcs Inc
Mortgage Due May 01, 2041
Local assessors in Braceville, IL have categorized 437 South Mitchell Street as a residential type of property. The home was built in 1940 and is 84 years old. The property's lot size has been calculated to be 35,284 square feet. The linear feet between the front and back of the lot was measured at 2,080 ft and the front of the lot was measured at 1,570 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. 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. The home sources its water from a municipal system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. Residents rely on a window/unit air conditioning for their cooling 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, 437 South Mitchell Street sold most recently in Jul 8, 2020 for a total of $64,900. If you work out the math, that's approximately a cost of $53.90 per sqft. 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 $3,168 in taxes each year. 437 South Mitchell Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $38,525. If we break it down further, the land itself was valued at $4,151. Improvements to the property, however, were assessed at a total of $34,374. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Exterior

Vinyl Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 5
  • Bedroom Count: 2
  • Building Style: Ranch/Rambler
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 35,284
  • Lot Size Depth Feet: 2,080
  • Lot Size Frontage Feet: 1,570
  • Total Building Area: 1,204
  • Gross Building Area: 1,204
  • Building Area: 1,204
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Window/unit air conditioning
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.81
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: PT SW SW - BEG 240'S, 33'E NW COR SW SW, S157', E208.5', N157', W208.5' TO POB SEC 25-32-8

Ownership

  • Current Owner : MAX EDWARD
  • Previous Owner : FEDERAL HOME LOAN MTG CORP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Gardner-South Wilmington Township High School District
  • Census Tract: 000900

Geography

  • District: 02
  • Parcel: 09-25-351-002
  • Meridian: SEC 25 TWN 32N RNG 08W
  • Municipality: BRACEVILLE TOWNSHIP
  • Latitude: 41.2185
  • Longitude: -88.2636

    Address

  • Full Address: 437 S Mitchell St
  • Address - House Number: 437
  • Street Direction: S
  • Address - Street Name: Mitchell
  • Address - Suffix Type: St
  • State: IL
  • City Name: Braceville
  • Carrier Code: R003
  • 4-Digit Zip Code: 9744
  • Zip Code: 60407

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,168
  • Tax Rate Code Area: 2004

    Appraisal Valuation

  • Standard Deviation: 0.2201
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 69
  • Final Value: 148,761
  • High Value: 181,515
  • Low Value: 116,006

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $157,600
  • First Open Lien Mortgage Lender: CU AMERICAN FINANCIAL SVCS INC
  • First Open Lien Mortgage Recording Date: May 19, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $132,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2041
  • Second Open Lien Mortgage Lender: MIDWEST COALITION OF LABOR CRE
  • Second Open Lien Mortgage Recording Date: May 31, 2023
  • Second Open Lien Mortgage Loan Amount: $25,600
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: May 31, 2038

    Market Valuation

  • Market Total Value: $115,575
  • Market Land Value: $12,453
  • Market Improvement Value: $103,122

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,525
  • Assessed Land Value: $4,151
  • Assessed Improvements Value: $34,374

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 08, 2020
  • Current Sale Recording Date: Sep 23, 2020
  • Current Sale Transaction ID: 11789175846
  • Current Sale Price: $64,900
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 596119

    Last Sale Mortgage

  • First Mortgage Lender: ACADEMY MORTGAGE CORP
  • First Mortgage Transaction Date: Sep 23, 2020
  • First Mortgage Loan Amount: $58,410
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

About Braceville



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Frequently Asked Questions

What neighborhood is 437 South Mitchell Street located in?
The 437 South Mitchell Street is a house located in the neighborhood of Braceville in Braceville, Braceville.
What is the average sales price for listings in 437 South Mitchell Street?
The average sales price for units in 437 South Mitchell Street is $0 currently.

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