Sold Jun 02, 2021
$74,000
Buyer
Seller
$71,780
by First State Bank
Mortgage
Sold May 15, 2012
$51,000
Seller
$38,250
by First State Bank
Mortgage Due Jun 01, 2027
506 2nd Avenue has been categorized by the local assessors in Mendota, IL as a residential type of property.
The building on the property was first built in 1951 and is 73 years old.
In addition, 506 2nd Avenue has 768 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building.
The area measurement of the land has been determined as 8,712 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. 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, 506 2nd Avenue was last sold in May 28, 2021 for $74,000. According to our calculations, that's $96.35 per sqft. Prior to that sales transaction, the property was sold for $51,000 in May 11, 2012. Current property owners are expected to pay $1,779 in taxes per year. The property on 506 2nd Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $19,668. To break that down further, the land itself was valued at $4,906. While improvements to the property were assessed at a total of $14,762. 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. 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.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.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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, 506 2nd Avenue was last sold in May 28, 2021 for $74,000. According to our calculations, that's $96.35 per sqft. Prior to that sales transaction, the property was sold for $51,000 in May 11, 2012. Current property owners are expected to pay $1,779 in taxes per year. The property on 506 2nd Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $19,668. To break that down further, the land itself was valued at $4,906. While improvements to the property were assessed at a total of $14,762. 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. 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.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.
506 2nd Avenue, Mendota, IL 61342
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