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505 Homestead Avenue

505 Homestead Avenue, Belleville, IL 62226
Property in St. Clair
Sold Dec 06, 2018
Transfer
$135,734 by Delmar Financial Co
Mortgage Due Jan 01, 2049
Sold Jul 01, 2016
$142,500
$132,275 by Das Aqucition Company Llc
Mortgage Due Jul 01, 2046
Local assessors in Belleville, IL have categorized 505 Homestead Avenue as a residential type of property. The home was built in 1989 and is 35 years old. It was most recently renovated and altered in 2000. The property's lot size has been calculated to be 12,632 square feet. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 505 Homestead Avenue has a total of 1,726 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 420 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. Residents rely on central air conditioning for their cooling system. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Prior to that sales transaction, the property was sold for $142,500 in Jun 29, 2013. Current property owners are expected to pay $4,360 in taxes per year. The property on 505 Homestead Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $58,201. To break that down further, the land itself was valued at $9,697. While improvements to the property were assessed at a total of $48,504. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 2000
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Quality: C+
  • Construction Type: Frame
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 1,726
  • Building Area: 1,726
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,726
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MEADOWLAKE ACRES
  • Land Acres: 0.29
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MEADOWLAKE ACRES 9THADD LOT/SEC-214 A02598213

Ownership

  • Current Owner : TURNER ELIZABETH
  • Previous Owner : TURNER BRANDON
  • Owner Before Previous Owner: MCPHERSON JOHN D
  • Owner Before Previous Owner 2: MCPHERSON MICHELLE M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wolf Branch School District 113
  • Census Tract: 503322

Geography

  • District: 07
  • Parcel: 08-04-0-415-013
  • Block: 415
  • Municipality: ST CLAIR
  • Latitude: 38.5617
  • Longitude: -89.9899

    Address

  • Full Address: 505 Homestead Ave
  • Address - House Number: 505
  • Address - Street Name: Homestead
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Swansea
  • Carrier Code: C015
  • 4-Digit Zip Code: 1883
  • Zip Code: 62226

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,360
  • Tax Rate Code Area: 07025

    Appraisal Valuation

  • Standard Deviation: 0.1347
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 73
  • Final Value: 156,341
  • High Value: 177,408
  • Low Value: 135,273

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $135,734
  • First Open Lien Mortgage Lender: DELMAR FINANCIAL CO
  • First Open Lien Mortgage Recording Date: Dec 06, 2018
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $135,734
  • 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: Jan 01, 2049

    Market Valuation

  • Market Total Value: $174,603
  • Market Land Value: $29,091
  • Market Improvement Value: $145,512

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,201
  • Assessed Land Value: $9,697
  • Assessed Improvements Value: $48,504

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 09, 2018
  • Current Sale Recording Date: Dec 06, 2018
  • Current Sale Transaction ID: 11543236792
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: A02598213
  • Previous Sale Recording Date: Jul 01, 2016
  • Previous Sale Contract Date: Jun 29, 2013
  • Previous Sale Amount: $142,500
  • Previous Sale Document Type: Executor's Deed

    Last Sale Mortgage

  • First Mortgage Lender: DELMAR FINANCIAL CO
  • First Mortgage Transaction Date: Dec 06, 2018
  • First Mortgage Loan Amount: $135,734
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2049

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: DAS AQUCITION COMPANY LLC
  • Previous Mortgage Transaction Date: Jul 01, 2016
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $132,275
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jul 01, 2046

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Frequently Asked Questions

What neighborhood is 505 Homestead Avenue located in?
The 505 Homestead Avenue is a located in the neighborhood of St. Clair in Belleville, Belleville.
What is the average sales price for listings in 505 Homestead Avenue?
The average sales price for units in 505 Homestead Avenue is $0 currently.

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