501 North Sherman Street

Local assessors in Lincoln, IL have categorized 501 North Sherman Street as a residential type of property. The property's lot size has been calculated to be 6,098 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 501 North Sherman Street was last sold in Jan 10, 2024 for $106,500. Prior to that sales transaction, the property was sold for $70,000 in Jun 29, 2015. Current property owners are expected to pay $1,517 in taxes per year. The property on 501 North Sherman Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $21,370. To break that down further, the land itself was valued at $4,020. While improvements to the property were assessed at a total of $17,350. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.