5008 Chestnut Grove Drive

Local assessors in Champaign, IL have categorized 5008 Chestnut Grove Drive as a type of property. The property's lot size has been calculated to be 10,424 square feet.

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 property was last sold in Jul 8, 2019 for $394,000. Prior to that sales transaction, the property was also sold in Oct 12, 2016 for $45,000. 5008 Chestnut Grove Drive was last assessed in 2022. The total value of the property was assessed at $137,330. Specifically, the land the property is located on was valued at $17,430. While improvements on the property were assessed at a total of $119,900. 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 $1,280,480. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.