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702 Cullom Street

702 Cullom Street, Normal, IL 61761
Property in Normal
Sold May 31, 2012
$98,000
$78,400 by Pnc Mortgage Llc
Mortgage Due Jun 01, 2042
Sold Jun 03, 2008
$115,000
$104,900 by Bank Of Illinois
Mortgage Due Jun 01, 2038
Local assessors in Normal, IL have categorized 702 Cullom Street as a residential type of property. The home was built in 1922 and is 102 years old. The property's lot size has been calculated to be 4,000 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 400 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 2 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 702 Cullom Street has a total of 1,143 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 garage for those who need a place to park their vehicle. The garage on the property is 234 sqft. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 702 Cullom Street sold most recently in May 21, 2012 for a total of $98,000. If you work out the math, that's approximately a cost of $49.49 per sqft. Before that, the property was also sold for $115,000 in May 30, 2008. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $3,536 in taxes each year. The initial year of tax delinquency occurred in 2021. 702 Cullom Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $39,367. If we break it down further, the land itself was valued at $6,416. Improvements to the property, however, were assessed at a total of $32,951. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 837
  • Garage Type: Garage
  • Garage Square Area: 234
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,980
  • Building Area: 1,143
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,143
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ENGLISH TERRACE RE-SUB
  • Land Acres: 0.092
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: ENGLISH TERRACE RE-SUB LOT 13 * 16 BLK 5 7TH ADD TO NORMAL LOT 2

Ownership

  • Current Owner : SCHALAGEL DENNIS
  • Current Owner 2: SCHLAGEL JANET
  • Previous Owner : JOHNSON TIMOTHY C
  • Owner Before Previous Owner: BYRNES CANDICE M

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000400

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-33-130-014
  • Block: 5
  • Lot: 13,2
  • Meridian: SEC 33 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5004
  • Longitude: -88.9931

    Address

  • Full Address: 702 Cullom St
  • Address - House Number: 702
  • Address - Street Name: Cullom
  • Address - Suffix Type: St
  • State: IL
  • City Name: Normal
  • Carrier Code: C044
  • 4-Digit Zip Code: 3425
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,536
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 153,621
  • High Value: 185,575
  • Low Value: 121,668

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $78,400
  • First Open Lien Mortgage Lender: PNC MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: May 31, 2012
  • First Open Lien Mortgage Loan Amount: $78,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2042

    Market Valuation

  • Market Total Value: $118,101
  • Market Land Value: $19,248
  • Market Improvement Value: $98,853

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,367
  • Assessed Land Value: $6,416
  • Assessed Improvements Value: $32,951

    Sales

  • Current Sale Contract Date: May 21, 2012
  • Current Sale Recording Date: May 31, 2012
  • Current Sale Transaction ID: 11472670821
  • Current Sale Price: $98,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2012-00013448
  • Previous Sale Recording Date: Jun 03, 2008
  • Previous Sale Contract Date: May 30, 2008
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PNC MORTGAGE LLC
  • First Mortgage Transaction Date: May 31, 2012
  • First Mortgage Loan Amount: $78,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Jun 01, 2042

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF ILLINOIS
  • Previous Mortgage Transaction Date: Jun 03, 2008
  • Previous Mortgage Loan Amount: $104,900
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Jun 01, 2038

About Normal



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Frequently Asked Questions

What neighborhood is 702 Cullom Street located in?
The 702 Cullom Street is a located in the neighborhood of Normal in Normal, Normal.
What is the average sales price for listings in 702 Cullom Street?
The average sales price for units in 702 Cullom Street is $0 currently.

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