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515 North McLean Street

515 North McLean Street, Lincoln, IL 62656
Property in East Lincoln
Sold Nov 29, 2021
$157,500
$107,500 by Flat Branch Mortgage Inc
Mortgage
Sold Dec 29, 2010
$140,000
$75,000 by Cefcu
Mortgage Due Jan 01, 2041
This has been categorized as a residential property type. In total, the area measurement of the land is 9,148 square feet.

Learn more about the property and building on this page. The property was last sold in Nov 24, 2021 for $157,500. Prior to that sales transaction, the property was also sold in Dec 28, 2010 for $140,000. 515 North McLean Street was last assessed in 2022. The total value of the property was assessed at $43,830. Specifically, the land the property is located on was valued at $6,040. While improvements on the property were assessed at a total of $37,790. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $3,733. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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: 9,148
  • 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: LATHAM'S 2ND ADDN
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: 8-1978 NE 60 FT OF SW 80 FT LOT 4 BLOCK 11 LATHAM'S 2ND ADDN TO LINCOLN.

Ownership

  • Current Owner : ARNONE JACK
  • Previous Owner : CUNNINGHAM KATHLEEN
  • Owner Before Previous Owner: HIGGERSON KENNETH J
  • Owner Before Previous Owner 2: HAKE ANDREA C
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Lincoln Elementary School District 27
  • Census Tract: 953300

Geography

  • District: 08
  • Parcel: 08-250-098-00
  • Block: 11
  • Lot: 4
  • Municipality: EAST LINCOLN
  • Latitude: 40.1499
  • Longitude: -89.3575

    Address

  • Full Address: 515 N Mclean St
  • Address - House Number: 515
  • Street Direction: N
  • Address - Street Name: Mclean
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lincoln
  • Carrier Code: C009
  • 4-Digit Zip Code: 2151
  • Zip Code: 62656

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,733
  • Tax Rate Code Area: 08002

    Appraisal Valuation

  • Standard Deviation: 0.1218
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 75
  • Final Value: 138,369
  • High Value: 155,225
  • Low Value: 121,512

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $107,500
  • First Open Lien Mortgage Lender: FLAT BRANCH MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Nov 29, 2021
  • First Open Lien Mortgage Loan Amount: $107,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $131,490
  • Market Land Value: $18,120
  • Market Improvement Value: $113,370

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $43,830
  • Assessed Land Value: $6,040
  • Assessed Improvements Value: $37,790

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 24, 2021
  • Current Sale Recording Date: Nov 29, 2021
  • Current Sale Transaction ID: 11873588065
  • Current Sale Price: $157,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021117924
  • Previous Sale Recording Date: Dec 29, 2010
  • Previous Sale Contract Date: Dec 28, 2010
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FLAT BRANCH MORTGAGE INC
  • First Mortgage Transaction Date: Nov 29, 2021
  • First Mortgage Loan Amount: $107,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: CEFCU
  • Previous Mortgage Transaction Date: Dec 29, 2010
  • Previous Mortgage Loan Amount: $75,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Stand Alone First
  • Previous Mortgage Loan Due Date: Jan 01, 2041

About Lincoln



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Frequently Asked Questions

What neighborhood is 515 North McLean Street located in?
The 515 North McLean Street is a located in the neighborhood of East Lincoln in Lincoln, Lincoln.
What is the average sales price for listings in 515 North McLean Street?
The average sales price for units in 515 North McLean Street is $0 currently.

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