Check Availability

501 1st Street

501 1st Street, Colona, IL 61241
House in Colona
501 1st Street in Colona, IL was first built in 1946 and is 78 years old. This has been categorized as a commercial property type. It is a single story home. This is a single bedroom home. There is a 1 partial bathroom. 501 1st Street has 600 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 600 sqft and has been categorized as a full basement. In total, the area measurement of the land is 14,375 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as excellent. As for heating, the home is utilizing a gas 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, 501 1st Street sold most recently in Mar 6, 2021 for a total of $48,000. If you work out the math, that's approximately a cost of $80.00 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 $3,212 in taxes each year. 501 1st Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $32,320. If we break it down further, the land itself was valued at $6,859. Improvements to the property, however, were assessed at a total of $25,461. 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. 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.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

Aluminum Siding
Asbestos Siding

Parking

Garage Parking
Guest Parking
On-Street Parking
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: 1946
  • Effective Year Built: 1946
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: Excellent
  • Construction Type: Frame
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 600
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,375
  • Total Building Area: 600
  • Gross Building Area: 600
  • Building Area: 600
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Gas
  • Heated Square Feet: 600
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: RYAN GARDENS
  • Land Acres: 0.33
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: LOT 19 BLK 1 RYAN GARDENS CITY OF GREEN ROCK TIF

Ownership

  • Current Owner : QC EQUITY MANAGEMENT LLC
  • Previous Owner : ALLISON ANDREA A
  • Previous Owner 2: ESTATE OF LOUIS W BURGHGRAVE
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Colona School District 190
  • Census Tract: 030100

Geography

  • District: 06
  • Parcel: 06-10-429-008
  • Block: 1
  • Lot: 19
  • Municipality: COLONA
  • Latitude: 41.4768
  • Longitude: -90.3585

    Address

  • Full Address: 501 1st St
  • Address - House Number: 501
  • Address - Street Name: 1st
  • Address - Suffix Type: St
  • State: IL
  • City Name: Colona
  • Carrier Code: R003
  • 4-Digit Zip Code: 9746
  • Zip Code: 61241

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,212
  • Tax Rate Code Area: 060026

    Market Valuation

  • Market Total Value: $96,960
  • Market Land Value: $20,577
  • Market Improvement Value: $76,383

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,320
  • Assessed Land Value: $6,859
  • Assessed Improvements Value: $25,461

    Sales

  • Current Sale Contract Date: Mar 06, 2021
  • Current Sale Recording Date: Mar 11, 2021
  • Current Sale Transaction ID: 11825226599
  • Current Sale Price: $48,000
  • Current Sale Document Type: Executor's Deed
  • Current Sale Input Document Number: 20-2101529

About Colona



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 418 Warren St. 1-5, Colona, IL, 61241

$815 /mo

  • 2 Beds
  • 1 Bath
418 Warren St. 1-5 #418 Warren St. #2, Colona, IL, 61241 Listing by Manager
Unit for rent at 909-7th St. 4, Colona, IL, 61241

$975 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
909-7th St. 4 #909-7th St. #2, Colona, IL, 61241 Listing by Manager

Frequently Asked Questions

What neighborhood is 501 1st Street located in?
The 501 1st Street is a house located in the neighborhood of Colona in Colona, Colona.
What is the average sales price for listings in 501 1st Street?
The average sales price for units in 501 1st Street is $0 currently.

Quantcast