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705 East Marshall Street

705 East Marshall Street, Tolono, IL 61880
Property in Tolono
Sold Nov 24, 2020
$181,000
$81,000 by Inb National Association
Mortgage Due Dec 01, 2050
Sold Sep 20, 2012
$144,000
$136,200 by Busey Bank
Mortgage Due Oct 01, 2042
Local assessors in Tolono, IL have categorized 705 East Marshall Street 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 12,057 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a a-frame style. As for the restroom situation, there is one full bathroom. 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 705 East Marshall Street has a total of 1,552 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a building with no basement that is 1,552 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. The garage on the property is 896 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. 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. 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 materials that we aren't sure of. Lots of wood were used in the construction of the exterior walls of the home. While the walls in the interior have been made of plaster. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 705 East Marshall Street sold most recently in Nov 23, 2020 for a total of $181,000. If you work out the math, that's approximately a cost of $45.25 per sqft. Before that, the property was also sold for $144,000 in Sep 14, 2012. 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 $3,184 in taxes each year. 705 East Marshall Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $59,760. If we break it down further, the land itself was valued at $9,560. Improvements to the property, however, were assessed at a total of $50,200. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: A-frame
  • Exterior Walls Type: Wood
  • Interior Walls Type: Plaster
  • Roof Cover Type: Other
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Building with no basement
  • Basement Area: 1,552
  • Garage Type: Attached
  • Garage Square Area: 896
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 12,057
  • Total Building Area: 4,000
  • Gross Building Area: 4,000
  • Building Area: 1,552
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,552
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LARMON AND MARSHALLS ADD
  • Land Acres: 0.277
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOTS 5, 6 BLOCK 56 LARMON AND MARSHALLS ADD AND OTHER LAND

Ownership

  • Current Owner : ZACHAY PAMELA
  • Previous Owner : LANE ROBERT D
  • Previous Owner 2: LANE SARA M
  • Owner Before Previous Owner: KLEISS JOHN C
  • Owner Before Previous Owner 2: KLEISS AMY I
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Tolono Community Unit School District 7
  • School Tax School District: 101
  • Census Tract: 010901

Geography

  • District: 29
  • Parcel: 29-26-25-379-017
  • Block: 56
  • Lot: 5,6
  • Meridian: SEC 25 TWN 18N RNG 08E
  • Municipality: TOLONO
  • Latitude: 39.982
  • Longitude: -88.2499

    Address

  • Full Address: 705 E Marshall St
  • Address - House Number: 705
  • Street Direction: E
  • Address - Street Name: Marshall
  • Address - Suffix Type: St
  • State: IL
  • City Name: Tolono
  • Carrier Code: R003
  • 4-Digit Zip Code: 9552
  • Zip Code: 61880

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,184
  • Tax Rate Code Area: 2903

    Appraisal Valuation

  • Standard Deviation: 0.2099
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 230,766
  • High Value: 279,209
  • Low Value: 182,323

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $81,000
  • First Open Lien Mortgage Lender: INB NATIONAL ASSOCIATION
  • First Open Lien Mortgage Recording Date: Nov 24, 2020
  • First Open Lien Mortgage Loan Amount: $81,000
  • 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: Dec 01, 2050

    Market Valuation

  • Market Total Value: $179,280
  • Market Land Value: $28,680
  • Market Improvement Value: $150,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $59,760
  • Assessed Land Value: $9,560
  • Assessed Improvements Value: $50,200

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 23, 2020
  • Current Sale Recording Date: Nov 24, 2020
  • Current Sale Transaction ID: 11805372191
  • Current Sale Price: $181,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020R24741
  • Previous Sale Recording Date: Sep 20, 2012
  • Previous Sale Contract Date: Sep 14, 2012
  • Previous Sale Amount: $144,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: INB NATIONAL ASSOCIATION
  • First Mortgage Transaction Date: Nov 24, 2020
  • First Mortgage Loan Amount: $81,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: BUSEY BANK
  • Previous Mortgage Transaction Date: Sep 20, 2012
  • Previous Mortgage Loan Amount: $136,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2042

About Tolono



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Frequently Asked Questions

What neighborhood is 705 East Marshall Street located in?
The 705 East Marshall Street is a located in the neighborhood of Tolono in Tolono, Tolono.
What is the average sales price for listings in 705 East Marshall Street?
The average sales price for units in 705 East Marshall Street is $0 currently.

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