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513 West Elk Street

513 West Elk Street, Geneseo, IL 61254
House in Geneseo
Sold Aug 06, 2020
$212,000
$190,800 by Michigan Mutual Inc
Mortgage Due Sep 01, 2050
Sold Jun 26, 2015
$201,000
$81,000 by Farmers National Bank
Mortgage Due Jul 01, 2030
513 West Elk Street has been categorized by the local assessors in Geneseo, IL as a residential type of property. The building on the property was first built in 1962 and is 62 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 513 West Elk Street has 1,898 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 1,898 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,400 ft and across the front of the lot is 1,050 ft. The area measurement of the land has been determined as 14,810 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. 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, 513 West Elk Street sold most recently in Jul 7, 2020 for a total of $212,000. If you work out the math, that's approximately a cost of $111.70 per sqft. Before that, the property was also sold for $201,000 in Jun 4, 2015. 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 $5,114 in taxes each year. 513 West Elk Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $68,929. If we break it down further, the land itself was valued at $11,500. Improvements to the property, however, were assessed at a total of $57,429. 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.

Building Features

Exterior

Aluminum Siding
Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Split level
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 1,898
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 1,050
  • Total Building Area: 1,898
  • Building Area: 1,898
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,898
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CITY OF GENESEO
  • Land Acres: 0.34
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 4 SANDS SUB CITY OF GENESEO

Ownership

  • Current Owner : LORENZ SARA T
  • Current Owner 2: LORENZ ADAM R
  • Previous Owner : MAUGH KORY W
  • Previous Owner 2: MAUGH KRISTEN K
  • Owner Before Previous Owner: BERGREN ARTHUR C
  • Owner Before Previous Owner 2: PRINZ JENNIFER L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Geneseo Community Unit School District 228
  • Census Tract: 030301

Geography

  • District: 08
  • Parcel: 08-16-301-004
  • Block: 301
  • Lot: 4
  • Municipality: GENESEO
  • Latitude: 41.4605
  • Longitude: -90.1618

    Address

  • Full Address: 513 W Elk St
  • Address - House Number: 513
  • Street Direction: W
  • Address - Street Name: Elk
  • Address - Suffix Type: St
  • State: IL
  • City Name: Geneseo
  • Carrier Code: R002
  • 4-Digit Zip Code: 1010
  • Zip Code: 61254

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,114
  • Tax Rate Code Area: 080001

    Appraisal Valuation

  • Standard Deviation: 0.2713
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 61
  • Final Value: 242,019
  • High Value: 307,679
  • Low Value: 176,358

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $190,800
  • First Open Lien Mortgage Lender: MICHIGAN MUTUAL INC
  • First Open Lien Mortgage Recording Date: Aug 06, 2020
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $190,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2050

    Market Valuation

  • Market Total Value: $206,787
  • Market Land Value: $34,500
  • Market Improvement Value: $172,287

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $68,929
  • Assessed Land Value: $11,500
  • Assessed Improvements Value: $57,429

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 07, 2020
  • Current Sale Recording Date: Aug 06, 2020
  • Current Sale Transaction ID: 11779661390
  • Current Sale Price: $212,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20-2004976
  • Previous Sale Recording Date: Jun 26, 2015
  • Previous Sale Contract Date: Jun 04, 2015
  • Previous Sale Amount: $201,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MICHIGAN MUTUAL INC
  • First Mortgage Transaction Date: Aug 06, 2020
  • First Mortgage Loan Amount: $190,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: FARMERS NATIONAL BANK
  • Previous Mortgage Transaction Date: Jun 26, 2015
  • Previous Mortgage Loan Amount: $81,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2030

About Geneseo



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 513 West Elk Street located in?
The 513 West Elk Street is a house located in the neighborhood of Geneseo in Geneseo, Geneseo.
What is the average sales price for listings in 513 West Elk Street?
The average sales price for units in 513 West Elk Street is $212,000 , or $89/sqft. currently.

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