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511 Fairview Street

511 Fairview Street, Durand, IL 61024
House in Durand
Sold Oct 26, 2020
$119,000
$116,844 by Midwest Community Bank
Mortgage Due Nov 01, 2050
Local assessors in Durand, IL have categorized 511 Fairview Street as a residential type of property. The property's lot size has been calculated to be 14,810 square feet.

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. 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, 511 Fairview Street sold most recently in Oct 15, 2020 for a total of $119,000. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,040 in taxes each year. 511 Fairview Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $41,384. If we break it down further, the land itself was valued at $4,458. Improvements to the property, however, were assessed at a total of $36,926. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Parking

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

Building Info

Overview

    General

  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • 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: PLAT NO 4 FAIRVIEW SUB
  • Land Acres: 0.34
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PLAT NO 4 FAIRVIEW SUB BNG PT NE1/4 SEC 15-28-10 LOT 41

Ownership

  • Current Owner : VANVLEET DACODA R
  • Previous Owner : SHIMAITIS BRIAN M
  • Previous Owner 2: SHIMAITIS SUZANNE M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Durand Community Unit School District 322
  • Census Tract: 004100

Geography

  • Parcel: 05-15-226-015
  • Lot: 41
  • Meridian: SEC 15 TWN 28 RANGE 10
  • Municipality: DURAND
  • Latitude: 42.4323
  • Longitude: -89.3247

    Address

  • Full Address: 511 Fairview St
  • Address - House Number: 511
  • Address - Street Name: Fairview
  • Address - Suffix Type: St
  • State: IL
  • City Name: Durand
  • Carrier Code: R022
  • 4-Digit Zip Code: 9401
  • Zip Code: 61024

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,040
  • Tax Rate Code Area: 233

    Appraisal Valuation

  • Standard Deviation: 0.222
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 69
  • Final Value: 171,437
  • High Value: 209,507
  • Low Value: 133,368

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $124,344
  • First Open Lien Mortgage Lender: MIDWEST COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Oct 26, 2020
  • First Open Lien Mortgage Loan Amount: $116,844
  • 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: Nov 01, 2050
  • Second Open Lien Mortgage Recording Date: Oct 26, 2020
  • Second Open Lien Mortgage Loan Amount: $7,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Nov 01, 2050

    Market Valuation

  • Market Total Value: $124,152
  • Market Land Value: $13,374
  • Market Improvement Value: $110,778

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,384
  • Assessed Land Value: $4,458
  • Assessed Improvements Value: $36,926

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 15, 2020
  • Current Sale Recording Date: Oct 26, 2020
  • Current Sale Transaction ID: 11796207432
  • Current Sale Price: $119,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20201032404

    Last Sale Mortgage

  • First Mortgage Lender: MIDWEST COMMUNITY BANK
  • First Mortgage Transaction Date: Oct 26, 2020
  • First Mortgage Loan Amount: $116,844
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2050
  • Second Mortgage Loan Amount: $7,500

About Durand



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Frequently Asked Questions

What neighborhood is 511 Fairview Street located in?
The 511 Fairview Street is a house located in the neighborhood of Durand in Durand, Durand.
What is the average sales price for listings in 511 Fairview Street?
The average sales price for units in 511 Fairview Street is $0 currently.

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