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551 Heritage Drive

551 Heritage Drive, Stillman Valley, IL 61084
House in Marion
Sold Nov 09, 2020
$200,000
$160,000 by Holcomb State Bank
Mortgage
Sold Jul 07, 2017
$176,500
$170,848 by Quicken Loans Inc
Mortgage
551 Heritage Drive in Stillman Valley, IL was first built in 2001 and is 23 years old. This has been categorized as a residential property type. There are a total of 2 floors. 551 Heritage Drive has 2,120 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 1,500 ft and the linear feet between the front and back of the lot is 1,500. In total, the area measurement of the land is 12,599 square feet.

Learn more about the property and building on this page. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 551 Heritage Drive was last sold in Nov 5, 2020 for $200,000. According to our calculations, that's $94.34 per sqft. Prior to that sales transaction, the property was sold for $176,500 in Jun 29, 2017. Current property owners are expected to pay $5,945 in taxes per year. The property on 551 Heritage Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $69,342. To break that down further, the land itself was valued at $12,750. While improvements to the property were assessed at a total of $56,592. 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. 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!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.

Building Features

Exterior

Brick Exterior
Stone Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 0
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,599
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 2,120
  • Building Area: 2,120
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,120
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HOMESTEAD SUB
  • Land Acres: 0.289
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RNG/BLK:11 TWP:24 SECT/LOT:2 LOT 36 HOMESTEAD SUB VIL OF STILLMAN VALLEY

Ownership

  • Current Owner : KING MELISSA A
  • Previous Owner : RICHOLSON TYLER
  • Previous Owner 2: RICHOLSON AMANDA
  • Owner Before Previous Owner: OLIVER NICHOLAS
  • Owner Before Previous Owner 2: OLIVER ARIN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Meridian Community Unit School District 223
  • Census Tract: 961302

Geography

  • District: 13
  • Parcel: 10-02-453-015
  • Block: 11
  • Lot: 2,36
  • Meridian: SEC 02 TWN 24 RNG 11
  • Municipality: MARION
  • Latitude: 42.1047
  • Longitude: -89.1878

    Address

  • Full Address: 551 Heritage Dr
  • Address - House Number: 551
  • Address - Street Name: Heritage
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Stillman Valley
  • Carrier Code: R002
  • 4-Digit Zip Code: 9667
  • Zip Code: 61084

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,945
  • Tax Rate Code Area: 1340

    Appraisal Valuation

  • Standard Deviation: 0.2158
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 70
  • Final Value: 245,995
  • High Value: 299,089
  • Low Value: 192,902

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $160,000
  • First Open Lien Mortgage Lender: HOLCOMB STATE BANK
  • First Open Lien Mortgage Recording Date: Nov 09, 2020
  • First Open Lien Mortgage Loan Amount: $160,000
  • 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: $208,026
  • Market Land Value: $38,250
  • Market Improvement Value: $169,776

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $69,342
  • Assessed Land Value: $12,750
  • Assessed Improvements Value: $56,592

    Sales

  • Current Sale Contract Date: Nov 05, 2020
  • Current Sale Recording Date: Nov 09, 2020
  • Current Sale Transaction ID: 11802249526
  • Current Sale Price: $200,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202008653
  • Previous Sale Recording Date: Jul 07, 2017
  • Previous Sale Contract Date: Jun 29, 2017
  • Previous Sale Amount: $176,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOLCOMB STATE BANK
  • First Mortgage Transaction Date: Nov 09, 2020
  • First Mortgage Loan Amount: $160,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: QUICKEN LOANS INC
  • Previous Mortgage Transaction Date: Jul 07, 2017
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $170,848
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA

About Stillman Valley



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Frequently Asked Questions

What neighborhood is 551 Heritage Drive located in?
The 551 Heritage Drive is a house located in the neighborhood of Marion in Stillman Valley, Stillman Valley.
What is the average sales price for listings in 551 Heritage Drive?
The average sales price for units in 551 Heritage Drive is $0 currently.

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