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508 May Street

508 May Street, Plano, IL 60545
House in Little Rock
Sold Sep 25, 2019
$170,000
$161,500 by First National Bank Of Omaha
Mortgage Due Oct 01, 2034
Sold Oct 18, 2005
$167,000
$131,600 by Lhi Mortgage Inc
Mortgage Due Sep 01, 2035
508 May Street has been categorized by the local assessors in Plano, IL as a residential type of property. The building on the property was first built in 2005 and is 19 years old. The home has a total of 2 bedrooms. This is a single story building so stairs are not necessary to access other parts of the home. The area measurement of the land has been determined as 10,175 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. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 361 sqft. According to our sources, there is one available parking space. The roof of the building is made of composition shingle. The exterior walls of the building are made of concrete. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. 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, 508 May Street was last sold in Sep 6, 2019 for $170,000. According to our calculations, that's $120.91 per sqft. Prior to that sales transaction, the property was sold for $167,000 in Aug 31, 2005. Current property owners are expected to pay $6,253 in taxes per year. The property on 508 May Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $56,584. To break that down further, the land itself was valued at $7,298. While improvements to the property were assessed at a total of $49,286. 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.

Building Features

Exterior

Vinyl Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 2
  • Exterior Walls Type: Concrete
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,045
  • Garage Type: Attached
  • Garage Square Area: 361
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 10,175
  • Total Building Area: 1,406
  • Gross Building Area: 1,406
  • Building Area: 1,406
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAKEWOOD SPRINGS
  • Land Acres: 0.234
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LT 677 LAKEWOOD SPRINGS 3A, CITY OF PLANO

Ownership

  • Current Owner : KOTT DANIEL A
  • Current Owner 2: KOTT TINA M
  • Previous Owner : MCFADDEN RUSSELL A
  • Previous Owner 2: MCFADDEN GERALDINE D
  • Owner Before Previous Owner: LAKEWOOD SPRINGS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Plano Community Unit School District 88
  • Census Tract: 890501

Geography

  • Assessors Map Reference: 3260-C7
  • Parcel: 01-25-228-005
  • Lot: 677
  • Municipality: LITTLE ROCK TOWNSHIP
  • Latitude: 41.6562
  • Longitude: -88.4918

    Address

  • Full Address: 508 May St
  • Address - House Number: 508
  • Address - Street Name: May
  • Address - Suffix Type: St
  • State: IL
  • City Name: Plano
  • Carrier Code: R004
  • 4-Digit Zip Code: 2203
  • Zip Code: 60545

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,253
  • Tax Rate Code Area: LR003

    Appraisal Valuation

  • Standard Deviation: 0.155
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 229,931
  • High Value: 265,585
  • Low Value: 194,278

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $161,500
  • First Open Lien Mortgage Lender: FIRST NATIONAL BANK OF OMAHA
  • First Open Lien Mortgage Recording Date: Sep 25, 2019
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $161,500
  • 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: Oct 01, 2034

    Market Valuation

  • Market Total Value: $169,752
  • Market Land Value: $21,894
  • Market Improvement Value: $147,858

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $56,584
  • Assessed Land Value: $7,298
  • Assessed Improvements Value: $49,286

    Sales

  • Current Sale Contract Date: Sep 06, 2019
  • Current Sale Recording Date: Sep 25, 2019
  • Current Sale Transaction ID: 11656841912
  • Current Sale Price: $170,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201900014005
  • Previous Sale Recording Date: Oct 18, 2005
  • Previous Sale Contract Date: Aug 31, 2005
  • Previous Sale Amount: $167,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST NATIONAL BANK OF OMAHA
  • First Mortgage Transaction Date: Sep 25, 2019
  • First Mortgage Loan Amount: $161,500
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2034

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: LHI MORTGAGE INC
  • Previous Mortgage Transaction Date: Oct 18, 2005
  • Previous Mortgage Loan Amount: $131,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Sep 01, 2035

About Plano



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Frequently Asked Questions

What neighborhood is 508 May Street located in?
The 508 May Street is a house located in the neighborhood of Little Rock in Plano, Plano.
What is the average sales price for listings in 508 May Street?
The average sales price for units in 508 May Street is $0 currently.

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