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540 Franklin Avenue

540 Franklin Avenue, Troy, IL 62294
Property in Jarvis
Sold May 30, 2013
$183,000
$173,850 by Iberiabnnk Mortgage Co
Mortgage Due Jun 01, 2043
Sold Nov 04, 2005
$167,500
$134,000 by First Collinsville Bank
Mortgage Due Nov 01, 2035
Local assessors in Troy, IL have categorized 540 Franklin Avenue as a residential type of property. The home was built in 1994 and is 30 years old. The property's lot size has been calculated to be 6,141 square feet. The linear feet between the front and back of the lot was measured at 1,110 ft and the front of the lot was measured at 550 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 540 Franklin Avenue has a total of 1,348 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Lots of unknown were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in May 24, 2013 for $183,000. That's $135.76 per sqft. Prior to that sales transaction, the property was also sold in Nov 1, 2005 for $167,500. 540 Franklin Avenue was last assessed in 2022. The total value of the property was assessed at $58,980. Specifically, the land the property is located on was valued at $9,440. While improvements on the property were assessed at a total of $49,540. 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 $3,958. 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! 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

  • Year Built: 1994
  • Effective Year Built: 1994
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,141
  • Lot Size Depth Feet: 1,110
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,348
  • Gross Building Area: 1,348
  • Building Area: 1,348
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,348
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARK FOREST 10
  • Land Acres: 0.141
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PARK FOREST NO. 10 PART LOT S-108 & LOT S-109 55.22 X 111.21 IRREGULAR

Ownership

  • Current Owner : SHELTON TIMOTHY
  • Current Owner 2: SHELTON AMANDA
  • Previous Owner : HARTLEIN DANE E
  • Previous Owner 2: HARTLEIN MONICA A
  • Owner Before Previous Owner: BENGSTON CRAIG M
  • Owner Before Previous Owner 2: ROSS TRACY L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Triad Community Unit School District 2
  • School Tax School District: T09
  • Census Tract: 403531

Geography

  • District: 09
  • Parcel: 09-2-22-04-10-103-009
  • Municipality: JARVIS
  • Latitude: 38.741
  • Longitude: -89.8857

    Address

  • Full Address: 540 Franklin Ave
  • Address - House Number: 540
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Troy
  • Carrier Code: C004
  • 4-Digit Zip Code: 2128
  • Zip Code: 62294

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,958
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.1375
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 189,122
  • High Value: 215,136
  • Low Value: 163,107

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $173,850
  • First Open Lien Mortgage Lender: IBERIABNNK MORTGAGE CO
  • First Open Lien Mortgage Recording Date: May 30, 2013
  • First Open Lien Mortgage Loan Amount: $173,850
  • 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: Jun 01, 2043

    Market Valuation

  • Market Total Value: $176,940
  • Market Land Value: $28,320
  • Market Improvement Value: $148,620

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,980
  • Assessed Land Value: $9,440
  • Assessed Improvements Value: $49,540

    Sales

  • Current Sale Contract Date: May 24, 2013
  • Current Sale Recording Date: May 30, 2013
  • Current Sale Transaction ID: 1178683450
  • Current Sale Price: $183,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2013R23526
  • Previous Sale Recording Date: Nov 04, 2005
  • Previous Sale Contract Date: Nov 01, 2005
  • Previous Sale Amount: $167,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: IBERIABNNK MORTGAGE CO
  • First Mortgage Transaction Date: May 30, 2013
  • First Mortgage Loan Amount: $173,850
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2043

    Previous Mortgages

  • Previous Mortgage Lender: FIRST COLLINSVILLE BANK
  • Previous Mortgage Transaction Date: Nov 04, 2005
  • Previous Mortgage Loan Amount: $134,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Nov 01, 2035

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Frequently Asked Questions

What neighborhood is 540 Franklin Avenue located in?
The 540 Franklin Avenue is a located in the neighborhood of Jarvis in Troy, Troy.
What is the average sales price for listings in 540 Franklin Avenue?
The average sales price for units in 540 Franklin Avenue is $0 currently.

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