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704 West Summit Avenue

704 West Summit Avenue, Springfield, IL 62704
Property in Woodside
Sold Jul 19, 2017
$36,500
$32,850 by Heartland Credit Union
Mortgage Due Aug 01, 2032
Sold Dec 23, 2015
$20,000
This has been categorized as a residential property type. In total, the area measurement of the land is 1,504 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, 704 West Summit Avenue sold most recently in Jan 1, 1970 for a total of $36,500. Before that, the property was also sold for $20,000 in Dec 18, 2015. 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 $249 in taxes each year. 704 West Summit Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $7,975. If we break it down further, the land itself was valued at $1,514. Improvements to the property, however, were assessed at a total of $6,461. 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: 1,504
  • 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: BELMONT SUBDIVISION
  • Land Acres: 0.034
  • Standard Land Use Code: Single family residential
  • Legal Description 1: W 37.5' L 81 BELMONT

Ownership

  • Current Owner : ELLIOTT TIFFANY
  • Current Owner 2: ELLIOTT ANNE M
  • Previous Owner : SUPERIOR LIMIT LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Springfield School District 186
  • Census Tract: 002801

Zoning

  • Zoning: R2

Geography

  • Account Number: 22090111011 (CHECK DIGIT = 5)
  • District: 02
  • Parcel: 22-09.0-111-011
  • Municipality: WOODSIDE
  • Latitude: 39.769
  • Longitude: -89.6649

    Address

  • Full Address: 704 W Summitt Ave
  • Address - House Number: 704
  • Street Direction: W
  • Address - Street Name: Summitt
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Springfield
  • Carrier Code: C082
  • 4-Digit Zip Code: 5038
  • Zip Code: 62704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $249
  • Tax Rate Code Area: A01

    Appraisal Valuation

  • Standard Deviation: 0.2244
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 69
  • Final Value: 41,271
  • High Value: 50,533
  • Low Value: 32,009

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $52,850
  • First Open Lien Mortgage Lender: HEARTLAND CREDIT UNION
  • First Open Lien Mortgage Recording Date: Jul 19, 2017
  • First Open Lien Mortgage Loan Amount: $32,850
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2032
  • Second Open Lien Mortgage Lender: HEARTLAND CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Mar 19, 2024
  • Second Open Lien Mortgage Loan Amount: $20,000
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Mar 27, 2044

    Market Valuation

  • Market Total Value: $23,925
  • Market Land Value: $4,542
  • Market Improvement Value: $19,383

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $7,975
  • Assessed Land Value: $1,514
  • Assessed Improvements Value: $6,461

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Recording Date: Jul 19, 2017
  • Current Sale Transaction ID: 11725465381
  • Current Sale Price: $36,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 18252
  • Previous Sale Recording Date: Dec 23, 2015
  • Previous Sale Contract Date: Dec 18, 2015
  • Previous Sale Amount: $20,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: HEARTLAND CREDIT UNION
  • First Mortgage Transaction Date: Jul 19, 2017
  • First Mortgage Loan Amount: $32,850
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2032

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Frequently Asked Questions

What neighborhood is 704 West Summit Avenue located in?
The 704 West Summit Avenue is a located in the neighborhood of Woodside in Springfield, Springfield.
What is the average sales price for listings in 704 West Summit Avenue?
The average sales price for units in 704 West Summit Avenue is $0 currently.

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