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59 Cottonwood Drive

59 Cottonwood Drive, Chatham, IL 62629
Property in Chatham
Sold Aug 15, 2017
$106,000
$91,000 by Bank Of Springfield
Mortgage Due Sep 01, 2047
This has been categorized as a residential property type. In total, the area measurement of the land is 9,168 square feet.

Learn more about the property and building on this page. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 59 Cottonwood Drive sold most recently in Aug 11, 2017 for a total of $106,000. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,399 in taxes each year. 59 Cottonwood Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $37,254. If we break it down further, the land itself was valued at $3,638. Improvements to the property, however, were assessed at a total of $33,616. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can 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: 9,168
  • 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: BIRCH GROVE SECOND ADDITION
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BIRCH GROVE 2ND ADDN. L 5

Ownership

  • Current Owner : FERRILL WESLEY K
  • Previous Owner : WORKMAN J L EST
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Ball-Chatham Community Unit School District 5
  • Census Tract: 003201

Geography

  • Account Number: 29070102044 (CHECK DIGIT = 6)
  • District: 09
  • Parcel: 29-07.0-102-044
  • Municipality: CHATHAM
  • Latitude: 39.6804
  • Longitude: -89.7019

    Address

  • Full Address: 59 Cottonwood Dr
  • Address - House Number: 59
  • Address - Street Name: Cottonwood
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Chatham
  • Carrier Code: C001
  • 4-Digit Zip Code: 1064
  • Zip Code: 62629

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,399
  • Tax Rate Code Area: H01

    Appraisal Valuation

  • Standard Deviation: 0.2082
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 71
  • Final Value: 150,717
  • High Value: 182,109
  • Low Value: 119,324

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $116,000
  • First Open Lien Mortgage Lender: BANK OF SPRINGFIELD
  • First Open Lien Mortgage Recording Date: Aug 15, 2017
  • First Open Lien Mortgage Loan Amount: $91,000
  • 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: Sep 01, 2047
  • Second Open Lien Mortgage Lender: UNITED COMMUNITY BANK
  • Second Open Lien Mortgage Recording Date: Oct 20, 2022
  • Second Open Lien Mortgage Loan Amount: $25,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $111,762
  • Market Land Value: $10,914
  • Market Improvement Value: $100,848

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,254
  • Assessed Land Value: $3,638
  • Assessed Improvements Value: $33,616

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 11, 2017
  • Current Sale Recording Date: Aug 15, 2017
  • Current Sale Transaction ID: 11725909710
  • Current Sale Price: $106,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20757

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF SPRINGFIELD
  • First Mortgage Transaction Date: Aug 15, 2017
  • First Mortgage Loan Amount: $91,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2047

About Chatham



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Frequently Asked Questions

What neighborhood is 59 Cottonwood Drive located in?
The 59 Cottonwood Drive is a located in the neighborhood of Chatham in Chatham, Chatham.
What is the average sales price for listings in 59 Cottonwood Drive?
The average sales price for units in 59 Cottonwood Drive is $0 currently.

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