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516 South Walnut Street

516 South Walnut Street, Arthur, IL 61911
Property in Lowe
Sold May 23, 2017
Transfer
$37,600 by Busey Bank
Mortgage
516 South Walnut Street in Arthur, IL was first built in 1952 and is 72 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 4 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 516 South Walnut Street has 768 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 560 ft and the linear feet between the front and back of the lot is 920. In total, the area measurement of the land is 5,152 square feet.

Learn more about the property and building on this page. There is a porch. The home has a gable style roof made of asphalt. For those who need parking, there is a detached garage. The garage is 384 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of materials we are unsure of. While the interior walls are made of plaster. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $1,584 in taxes per year. The property on 516 South Walnut Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $21,594. To break that down further, the land itself was valued at $2,710. While improvements to the property were assessed at a total of $18,884. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Other
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Tile
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 384
  • Parking Space Count: 1
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 5,152
  • Lot Size Depth Feet: 920
  • Lot Size Frontage Feet: 560
  • Total Building Area: 768
  • Building Area: 768
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 768
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KENSINGTON PL
  • Land Acres: 0.118
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N 9.5 LOT 17 & ALL LOT 18 , BLK 1 KENSINGTON PLACE; , LOT 56 X 92; , 5-17-17 17D-197 ,

Ownership

  • Current Owner : KING JASON S
  • Current Owner 2: KING PATRICIA L
  • Previous Owner : TURNBAUGH JEREMY
  • Previous Owner 2: TURNBAUGH JESSICA

Neighborhood

  • School District Name: Arthur Community Unit School District 305
  • Census Tract: 976900

Geography

  • Parcel: 03-03-25-443-003
  • Block: 1
  • Lot: 17-18
  • Meridian: SEC 25 TWN 15 RNG 06
  • Municipality: LOWE
  • Latitude: 39.7112
  • Longitude: -88.4732

    Address

  • Full Address: 516 S Walnut St
  • Address - House Number: 516
  • Street Direction: S
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: IL
  • City Name: Arthur
  • Carrier Code: C002
  • 4-Digit Zip Code: 1275
  • Zip Code: 61911

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,584
  • Tax Rate Code Area: 301

    Appraisal Valuation

  • Standard Deviation: 0.2434
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 65
  • Final Value: 82,172
  • High Value: 102,179
  • Low Value: 62,165

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $37,600
  • First Open Lien Mortgage Lender: BUSEY BANK
  • First Open Lien Mortgage Recording Date: May 23, 2017
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $37,600
  • 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: $64,782
  • Market Land Value: $8,130
  • Market Improvement Value: $56,652

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,594
  • Assessed Land Value: $2,710
  • Assessed Improvements Value: $18,884

    Sales

  • Current Sale Contract Date: May 17, 2017
  • Current Sale Recording Date: May 23, 2017
  • Current Sale Transaction ID: 1589728953
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 306251

    Last Sale Mortgage

  • First Mortgage Lender: BUSEY BANK
  • First Mortgage Transaction Date: May 23, 2017
  • First Mortgage Loan Amount: $37,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Arthur



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 516 South Walnut Street located in?
The 516 South Walnut Street is a located in the neighborhood of Lowe in Arthur, Arthur.
What is the average sales price for listings in 516 South Walnut Street?
The average sales price for units in 516 South Walnut Street is $0 currently.

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