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502 Wesley Avenue

502 Wesley Avenue, Savoy, IL 61874
Property in Champaign
Sold Jun 03, 2021
$250,000
$228,937 by Jpmorgan Chase Bank Na
Mortgage Due Jun 01, 2051
Sold Jul 22, 2009
$200,000
$160,000 by Busey Bank
Mortgage Due Aug 01, 2039
This has been categorized as a residential property type. In total, the area measurement of the land is 9,509 square feet.

Learn more about the property and building on this page. 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, 502 Wesley Avenue was last sold in May 10, 2021 for $250,000. Prior to that sales transaction, the property was sold for $200,000 in Jul 14, 2009. Current property owners are expected to pay $5,843 in taxes per year. The property on 502 Wesley Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $80,930. To break that down further, the land itself was valued at $14,880. While improvements to the property were assessed at a total of $66,050. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,509
  • 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: ARBOUR MEADOWS SUB NO 6
  • Land Acres: 0.218
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 601 ARBOUR MEADOWS SUB NO 6

Ownership

  • Current Owner : MCAFEE GADDIS
  • Previous Owner : DUNNE MICHAEL J
  • Previous Owner 2: MUIRHEAD SUSAN P
  • Owner Before Previous Owner: SKAAR CHRISTOPHER J
  • Owner Before Previous Owner 2: SKAAR STEPHANIE J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001302

Geography

  • District: 03
  • Parcel: 03-20-36-302-010
  • Lot: 601
  • Meridian: SEC 36 TWN 19N RNG 08E
  • Municipality: CHAMPAIGN
  • Latitude: 40.0604
  • Longitude: -88.2542

    Address

  • Full Address: 502 Wesley Ave
  • Address - House Number: 502
  • Address - Street Name: Wesley
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Savoy
  • Carrier Code: R002
  • 4-Digit Zip Code: 9415
  • Zip Code: 61874

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,843
  • Tax Rate Code Area: 309

    Appraisal Valuation

  • Standard Deviation: 0.2073
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 317,848
  • High Value: 383,744
  • Low Value: 251,953

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $228,937
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Jun 03, 2021
  • First Open Lien Mortgage Loan Amount: $228,937
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $242,790
  • Market Land Value: $44,640
  • Market Improvement Value: $198,150

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $80,930
  • Assessed Land Value: $14,880
  • Assessed Improvements Value: $66,050

    Sales

  • Current Sale Contract Date: May 10, 2021
  • Current Sale Recording Date: Jun 03, 2021
  • Current Sale Transaction ID: 11836952486
  • Current Sale Price: $250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R12945
  • Previous Sale Recording Date: Jul 22, 2009
  • Previous Sale Contract Date: Jul 14, 2009
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Jun 03, 2021
  • First Mortgage Loan Amount: $228,937
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: BUSEY BANK
  • Previous Mortgage Transaction Date: Jul 22, 2009
  • Previous Mortgage Loan Amount: $160,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2039

About Savoy



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Frequently Asked Questions

What neighborhood is 502 Wesley Avenue located in?
The 502 Wesley Avenue is a located in the neighborhood of Champaign in Savoy, Savoy.
What is the average sales price for listings in 502 Wesley Avenue?
The average sales price for units in 502 Wesley Avenue is $0 currently.

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