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5 West Jefferson Street

5 West Jefferson Street, Sullivan, IL 61951
Property in Sullivan
Local assessors in Sullivan, IL have categorized 5 West Jefferson Street as a commercial type of property. The home was built in 1896 and is 128 years old. The property's lot size has been calculated to be 1,525 square feet. The linear feet between the front and back of the lot was measured at 930 ft and the front of the lot was measured at 170 ft.

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. Moving onto specific details regarding the building. Our sources show that the building condition is fair. 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, 5 West Jefferson Street sold most recently in Dec 21, 2021 for a total of $40,000. If you work out the math, that's approximately a cost of $39.22 per sqft. Before that, the property was also sold for $22,000 in May 29, 2014. 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 $765 in taxes each year. 5 West Jefferson Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $8,308. If we break it down further, the land itself was valued at $1,386. Improvements to the property, however, were assessed at a total of $6,922. 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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1896
  • Effective Year Built: 1896
  • Bedroom Count: 0
  • Building Condition: Fair
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,525
  • Lot Size Depth Feet: 930
  • Lot Size Frontage Feet: 170
  • Total Building Area: 1,020
  • Gross Building Area: 1,020
  • Building Area: 1,020
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: ORIGNAL TOWN SULLIVAN
  • Land Acres: 0.035
  • Standard Land Use Code: Barber/hair salon
  • Legal Description 1: W7'9.5 L1 & E8'9 L2 B16 , ORIG TOWN SULLIVAN, 12-21-21 315681 ,

Ownership

  • Current Owner : THERA VENTURES LLC
  • Previous Owner : FARLEY ROBERT M
  • Previous Owner 2: FARLEY PHYLLIS A
  • Owner Before Previous Owner: CLAGG LARRY G
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Sullivan Community Unit School District 300
  • Census Tract: 977200

Geography

  • Parcel: 08-08-02-436-005
  • Block: 16
  • Lot: 1,89,2
  • Meridian: SEC 02 TWN 13 RNG 05
  • Municipality: SULLIVAN
  • Latitude: 39.5984
  • Longitude: -88.6078

    Address

  • Full Address: 5 W Jefferson St
  • Address - House Number: 5
  • Street Direction: W
  • Address - Street Name: Jefferson
  • Address - Suffix Type: St
  • State: IL
  • City Name: Sullivan
  • Carrier Code: C006
  • 4-Digit Zip Code: 1912
  • Zip Code: 61951

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $765
  • Tax Rate Code Area: 891

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $32,000
  • First Open Lien Mortgage Lender: SHELBY COUNTY STATE BANK
  • First Open Lien Mortgage Recording Date: Dec 23, 2021
  • First Open Lien Mortgage Loan Amount: $32,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $24,924
  • Market Land Value: $4,158
  • Market Improvement Value: $20,766

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $8,308
  • Assessed Land Value: $1,386
  • Assessed Improvements Value: $6,922

    Sales

  • Current Sale Contract Date: Dec 21, 2021
  • Current Sale Recording Date: Dec 23, 2021
  • Current Sale Transaction ID: 11875817850
  • Current Sale Price: $40,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 315681
  • Previous Sale Recording Date: Jun 05, 2014
  • Previous Sale Contract Date: May 29, 2014
  • Previous Sale Amount: $22,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SHELBY COUNTY STATE BANK
  • First Mortgage Transaction Date: Dec 23, 2021
  • First Mortgage Loan Amount: $32,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Sullivan



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Frequently Asked Questions

What neighborhood is 5 West Jefferson Street located in?
The 5 West Jefferson Street is a located in the neighborhood of Sullivan in Sullivan, Sullivan.
What is the average sales price for listings in 5 West Jefferson Street?
The average sales price for units in 5 West Jefferson Street is $0 currently.

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