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506 5th Avenue

506 5th Avenue, Sterling, IL 61081
Property in Sterling
Sold Jan 19, 2017
$32,500
$52,000 by Community State Bank Of Rock F
Mortgage Due Feb 01, 2032
Sold Jan 19, 2017
$32,500
506 5th Avenue has been categorized by the local assessors in Sterling, IL as a residential type of property. The linear feet between the front and back of the lot is 1,350 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 6,750 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 506 5th Avenue sold most recently in Jan 9, 2017 for a total of $32,500. Before that, the property was also sold for $32,500 in Jan 9, 2017. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $3,802 in taxes each year. 506 5th Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $35,583. If we break it down further, the land itself was valued at $3,948. Improvements to the property, however, were assessed at a total of $31,635. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,750
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 500
  • 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: WEST BROADWAY
  • Land Acres: 0.155
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WEST OF BROADWAY LOT 4 BLK 15 114600X

Ownership

  • Current Owner : CESSNA ABIGAIL L
  • Previous Owner : BRAGE ANDERS
  • Owner Before Previous Owner: BRAGE ARNE

Neighborhood

  • School District Name: Sterling Community Unit District 5
  • Census Tract: 001102

Geography

  • Account Number: 108664
  • District: 10
  • Parcel: 1121437004
  • Block: 15
  • Lot: 4
  • Municipality: STERLING
  • Latitude: 41.7921
  • Longitude: -89.6898

    Address

  • Full Address: 506 5th Ave
  • Address - House Number: 506
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Sterling
  • Carrier Code: C006
  • 4-Digit Zip Code: 3730
  • Zip Code: 61081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,802
  • Tax Rate Code Area: 01005

    Appraisal Valuation

  • Standard Deviation: 0.1245
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 75
  • Final Value: 78,933
  • High Value: 88,765
  • Low Value: 69,100

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $52,000
  • First Open Lien Mortgage Lender: COMMUNITY STATE BANK OF ROCK F
  • First Open Lien Mortgage Recording Date: Jan 19, 2017
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $52,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2032

    Market Valuation

  • Market Total Value: $106,749
  • Market Land Value: $11,844
  • Market Improvement Value: $94,905

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,583
  • Assessed Land Value: $3,948
  • Assessed Improvements Value: $31,635

    Sales

  • Current Sale Contract Date: Jan 09, 2017
  • Current Sale Recording Date: Jan 19, 2017
  • Current Sale Transaction ID: 1937121954
  • Current Sale Price: $32,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2017-00355
  • Previous Sale Recording Date: Jan 19, 2017
  • Previous Sale Contract Date: Jan 09, 2017
  • Previous Sale Amount: $32,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY STATE BANK OF ROCK F
  • First Mortgage Transaction Date: Jan 19, 2017
  • First Mortgage Loan Amount: $52,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2032

    Financing

  • First Mortgage Financing Type: Unknown

About Sterling



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 506 5th Avenue located in?
The 506 5th Avenue is a located in the neighborhood of Sterling in Sterling, Sterling.
What is the average sales price for listings in 506 5th Avenue?
The average sales price for units in 506 5th Avenue is $0 currently.

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