501 West Locust Street

501 West Locust Street has been categorized by the local assessors in Fairbury, IL as a residential type of property. The building on the property was first built in 1890 and is 134 years old. The home has a total of 4 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 501 West Locust Street has 1,444 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 1,500 ft and across the front of the lot is 550 ft. The area measurement of the land has been determined as 8,250 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 1,100 sqft. Moving on to the building itself. The condition of the building has been evaluated as average. The roof of the building is made of asphalt. The exterior walls of the building are made of wood. In terms of heating, it 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. Tax-wise, the current owner is expected to pay close to $2,019 in taxes each year. 501 West Locust Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $27,352. If we break it down further, the land itself was valued at $5,267. Improvements to the property, however, were assessed at a total of $22,085. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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.