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501 Cessna Lane

501 Cessna Lane, Mount Vernon, IL 62864
Property in Mount Vernon
Sold Mar 01, 2017
$114,000
$111,935 by Gershman Mortgage
Mortgage Due Mar 01, 2047
Sold Oct 17, 2007
$105,000
$84,000 by Taylor Bean & Whitaker Mortgag
Mortgage Due Nov 01, 2037
501 Cessna Lane has been categorized by the local assessors in Mount Vernon, IL as a residential type of property. The area measurement of the land has been determined as 20,783 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The property was last sold in Feb 28, 2017 for $114,000. Prior to that sales transaction, the property was also sold in Oct 12, 2007 for $105,000. 501 Cessna Lane was last assessed in 2022. The total value of the property was assessed at $36,969. Specifically, the land the property is located on was valued at $5,371. While improvements on the property were assessed at a total of $31,598. 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 $2,750. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 20,783
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OUTLAND AIRPORT SUB
  • Land Acres: 0.477
  • Standard Land Use Code: Single family residential
  • Legal Description 1: OUTLAND AIRPORT SUB 27-2-3 LOT 24

Ownership

  • Current Owner : PHILLIPS JACOB
  • Previous Owner : HALL CHARLES SEAN
  • Previous Owner 2: HALL GAYLA J
  • Owner Before Previous Owner: BAUER WILLIAM LESLIE
  • Owner Before Previous Owner 2: BAUER CARLA MARIE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Mount Vernon Township High School District 201
  • Census Tract: 050800

Geography

  • District: 56
  • Parcel: 07-27-104-014
  • Lot: 24
  • Municipality: MOUNT VERNON
  • Latitude: 38.3252
  • Longitude: -88.8658

    Address

  • Full Address: 501 Cessna Ln
  • Address - House Number: 501
  • Address - Street Name: Cessna
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Mount Vernon
  • Carrier Code: C011
  • 4-Digit Zip Code: 5705
  • Zip Code: 62864

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,750
  • Tax Rate Code Area: 56158

    Appraisal Valuation

  • Standard Deviation: 0.264
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 62
  • Final Value: 152,191
  • High Value: 192,372
  • Low Value: 112,011

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $111,935
  • First Open Lien Mortgage Lender: GERSHMAN MORTGAGE
  • First Open Lien Mortgage Recording Date: Mar 01, 2017
  • First Open Lien Mortgage Loan Amount: $111,935
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2047

    Market Valuation

  • Market Total Value: $110,907
  • Market Land Value: $16,113
  • Market Improvement Value: $94,794

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,969
  • Assessed Land Value: $5,371
  • Assessed Improvements Value: $31,598

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 28, 2017
  • Current Sale Recording Date: Mar 01, 2017
  • Current Sale Transaction ID: 1806546532
  • Current Sale Price: $114,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201700811
  • Previous Sale Recording Date: Oct 17, 2007
  • Previous Sale Contract Date: Oct 12, 2007
  • Previous Sale Amount: $105,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GERSHMAN MORTGAGE
  • First Mortgage Transaction Date: Mar 01, 2017
  • First Mortgage Loan Amount: $111,935
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: TAYLOR BEAN & WHITAKER MORTGAG
  • Previous Mortgage Transaction Date: Oct 17, 2007
  • Previous Mortgage Loan Amount: $84,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Nov 01, 2037

About Mount Vernon



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Property at 501 Cessna Lane,

724 Airport Road

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 501 Cessna Lane located in?
The 501 Cessna Lane is a located in the neighborhood of Mount Vernon in Mount Vernon, Mount Vernon.
What is the average sales price for listings in 501 Cessna Lane?
The average sales price for units in 501 Cessna Lane is $0 currently.

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