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503 Southwood Drive

503 Southwood Drive, Mahomet, IL 61853
Property in Mahomet
Sold Nov 23, 2020
$165,000
503 Southwood Drive in Mahomet, IL was first built in 1977 and is 47 years old. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. In total, the area measurement of the land is 21,415 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of materials that we aren't sure of. For those who need parking, there is a attached garage. The garage is 528 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. While the interior walls are made of plaster. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Nov 20, 2020 for $165,000. That's $102.80 per sqft. 503 Southwood Drive was last assessed in 2022. The total value of the property was assessed at $59,540. Specifically, the land the property is located on was valued at $12,800. While improvements on the property were assessed at a total of $46,740. 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 $3,841. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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

  • Year Built: 1977
  • Effective Year Built: 1977
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Plaster
  • Roof Cover Type: Other
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 528
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 21,415
  • Total Building Area: 1,605
  • Building Area: 1,605
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Central heating
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WESTERN HILLS 3RD SUB MAHOMET AND OTHER
  • Land Acres: 0.492
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 75 WESTERN HILLS 3RD SUB MAHOMET

Ownership

  • Current Owner : MCCLURE COURTNEY
  • Previous Owner : BRUMFIELD CINDY
  • Previous Owner 2: BRUMFIELD CYNTHIA J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Mahomet-Seymour Community Unit School District 3
  • School Tax School District: 101
  • Census Tract: 010601

Geography

  • District: 15
  • Parcel: 15-13-09-352-019
  • Lot: 75
  • Meridian: SEC 09 TWN 20N RNG 07E
  • Municipality: MAHOMET
  • Latitude: 40.2014
  • Longitude: -88.424

    Address

  • Full Address: 503 Southwood Dr
  • Address - House Number: 503
  • Address - Street Name: Southwood
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mahomet
  • Carrier Code: R004
  • 4-Digit Zip Code: 9157
  • Zip Code: 61853

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,841
  • Tax Rate Code Area: 1501

    Appraisal Valuation

  • Standard Deviation: 0.2409
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 66
  • Final Value: 234,398
  • High Value: 290,888
  • Low Value: 177,908

    Market Valuation

  • Market Total Value: $178,620
  • Market Land Value: $38,400
  • Market Improvement Value: $140,220

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $59,540
  • Assessed Land Value: $12,800
  • Assessed Improvements Value: $46,740

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 20, 2020
  • Current Sale Recording Date: Nov 23, 2020
  • Current Sale Transaction ID: 11803758826
  • Current Sale Price: $165,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020R24566

    Last Sale Mortgage

  • First Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Mortgage Transaction Date: Nov 23, 2020
  • First Mortgage Loan Amount: $132,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Champaign



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Frequently Asked Questions

What neighborhood is 503 Southwood Drive located in?
The 503 Southwood Drive is a located in the neighborhood of Mahomet in Champaign, Mahomet.
What is the average sales price for listings in 503 Southwood Drive?
The average sales price for units in 503 Southwood Drive is $0 currently.

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