531 South 7th Street

531 South 7th Street has been categorized by the local assessors in Rochelle, IL as a commercial type of property. The building on the property was first built in 1970 and is 54 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 531 South 7th Street has 7,691 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 66,211 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. 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 $7,144 in taxes per year. The property on 531 South 7th Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $76,700. To break that down further, the land itself was valued at $8,140. While improvements to the property were assessed at a total of $68,560. 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.