501 North Wood Street

501 North Wood Street has been categorized by the local assessors in Gibson City, IL as a residential type of property. The building on the property was first built in 1941 and is 83 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 501 North Wood Street has 908 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,600 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 8,000 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. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 480 sqft. The property was last sold in Mar 21, 2022 for $118,000. That's $64.98 per sqft. Prior to that sales transaction, the property was also sold in Mar 25, 2016 for $85,000. 501 North Wood Street was last assessed in 2022. The total value of the property was assessed at $32,480. Specifically, the land the property is located on was valued at $3,650. While improvements on the property were assessed at a total of $28,830. 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 $2,150. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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.