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50 Lincoln Avenue

50 Lincoln Avenue, Riverside, IL 60546
Property in Riverside
Sold Jul 09, 2021
$475,000
$356,250 by First Merchants Bank
Mortgage Due Jun 24, 2026
50 Lincoln Avenue has been categorized by the local assessors in Riverside, IL as a residential type of property. The building on the property was first built in 1923 and is 101 years old. The home has a total of 18 rooms. 8 of these rooms are legally considered as bedrooms. Residents will have access to 5 full bathrooms. There are 5 partial bathrooms in the home. The building has a total of 2 stories. In addition, 50 Lincoln Avenue has 4,125 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 10,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

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 detached garage for those who require parking. 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. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of masonry. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system. The property was last sold in Jun 22, 2021 for $475,000. That's $115.15 per sqft. 50 Lincoln Avenue was last assessed in 2023. The total value of the property was assessed at $59,000. Specifically, the land the property is located on was valued at $10,250. While improvements on the property were assessed at a total of $48,750. 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 $10,918. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 18
  • Bedroom Count: 8
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 5
  • Business/Commerical Units Count: 14
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,000
  • Total Building Area: 4,125
  • Gross Building Area: 4,125
  • Building Area: 4,125
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 4,125
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BEEBES CENTRAL RIVERSIDE
  • Land Acres: 0.23
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (BEEBES) (CENTRAL) (RIVERSIDE) SUB OF S20ACS E FRAC O F NE SEC 35-39-12

Ownership

  • Current Owner : LI YE
  • Current Owner 2: FENG HUALONG
  • Previous Owner : MCNALLY CAROLYNN S
  • Previous Owner 2: THE CAROLYNN S MCNALLY TRUST
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Riverside Brookfield Township School District 208
  • Census Tract: 815702

Geography

  • District: 34
  • Parcel: 15-35-204-032-0000
  • Block: 2,2
  • Lot: 21,22
  • Meridian: SEC 35 TWN 39N RNG 12E
  • Municipality: RIVERSIDE
  • Latitude: 41.8284
  • Longitude: -87.8241

    Address

  • Full Address: 50 Lincoln Ave
  • Address - House Number: 50
  • Address - Street Name: Lincoln
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Riverside
  • Carrier Code: C001
  • 4-Digit Zip Code: 1981
  • Zip Code: 60546

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,918
  • Tax Rate Code Area: 34006

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 368,326
  • High Value: 462,440
  • Low Value: 274,211

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $356,250
  • First Open Lien Mortgage Lender: FIRST MERCHANTS BANK
  • First Open Lien Mortgage Recording Date: Jul 09, 2021
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $356,250
  • First Open Lien Mortgage Term: 60
  • 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: Jun 24, 2026

    Market Valuation

  • Market Total Value: $590,000
  • Market Land Value: $102,500
  • Market Improvement Value: $487,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $59,000
  • Assessed Land Value: $10,250
  • Assessed Improvements Value: $48,750

    Sales

  • Current Sale Contract Date: Jun 22, 2021
  • Current Sale Recording Date: Jul 09, 2021
  • Current Sale Transaction ID: 11842370531
  • Current Sale Price: $475,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2119018240

    Last Sale Mortgage

  • First Mortgage Lender: FIRST MERCHANTS BANK
  • First Mortgage Transaction Date: Jul 09, 2021
  • First Mortgage Loan Amount: $356,250
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Jun 24, 2026

    Financing

  • First Mortgage Financing Type: Unknown

About Riverside



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Frequently Asked Questions

What neighborhood is 50 Lincoln Avenue located in?
The 50 Lincoln Avenue is a located in the neighborhood of Riverside in Riverside, Riverside.
What is the average sales price for listings in 50 Lincoln Avenue?
The average sales price for units in 50 Lincoln Avenue is $0 currently.

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