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705 Spring Street

705 Spring Street, Washington, IL 61571
Property in Washington
Sold Sep 22, 2021
$160,100
$128,080 by Fortress Bank
Mortgage Due Oct 01, 2051
705 Spring Street in Washington, IL was first built in 1952 and is 72 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 705 Spring Street has 1,840 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 basement is 1,040 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 11,627 square feet.

Learn more about the property and building on this page. The roof of the home is made of composition shingle. For those who need parking, there is a attached garage. The garage is 1,488 sqft. There are a total of 3 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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 Spring Street sold most recently in Sep 21, 2021 for a total of $160,100. If you work out the math, that's approximately a cost of $49.66 per sqft. 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 $3,559 in taxes each year. 705 Spring Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $49,910. If we break it down further, the land itself was valued at $9,300. Improvements to the property, however, were assessed at a total of $40,610. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,040
  • Garage Type: Attached
  • Garage Square Area: 1,488
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 11,627
  • Total Building Area: 3,224
  • Gross Building Area: 3,224
  • Building Area: 1,840
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,840
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GARRISONS ADDN 3RD EXT SUB
  • Land Acres: 0.267
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: GARRISONS ADDN 3RD EXT SUB LOT NE 1/4 SEC 23-26-3 W 1/2 OF LOT 2 & ALL LOT 1

Ownership

  • Current Owner : BARRY ROBERT
  • Current Owner 2: BARRY LISA
  • Previous Owner : DANT MICHAEL E
  • Previous Owner 2: DANT JAYNE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Washington Community High School District 308
  • Census Tract: 022200

Geography

  • District: 020
  • Parcel: 02-02-23-208-023
  • Lot: 2,1
  • Municipality: WASHINGTON
  • Latitude: 40.702
  • Longitude: -89.4166

    Address

  • Full Address: 705 Spring St
  • Address - House Number: 705
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: IL
  • City Name: Washington
  • Carrier Code: C001
  • 4-Digit Zip Code: 2471
  • Zip Code: 61571

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,559
  • Tax Rate Code Area: 02027

    Appraisal Valuation

  • Standard Deviation: 0.1897
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 184,001
  • High Value: 218,914
  • Low Value: 149,087

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $128,080
  • First Open Lien Mortgage Lender: FORTRESS BANK
  • First Open Lien Mortgage Recording Date: Sep 22, 2021
  • First Open Lien Mortgage Loan Amount: $128,080
  • 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: Oct 01, 2051

    Market Valuation

  • Market Total Value: $149,730
  • Market Land Value: $27,900
  • Market Improvement Value: $121,830

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $49,910
  • Assessed Land Value: $9,300
  • Assessed Improvements Value: $40,610

    Sales

  • Current Sale Contract Date: Sep 21, 2021
  • Current Sale Recording Date: Sep 22, 2021
  • Current Sale Transaction ID: 11888349574
  • Current Sale Price: $160,100
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 17441

    Last Sale Mortgage

  • First Mortgage Lender: FORTRESS BANK
  • First Mortgage Transaction Date: Sep 22, 2021
  • First Mortgage Loan Amount: $128,080
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

About Washington



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Nearby Rentals

Unit for rent at 303 Central Street, Washington, IL, 61571

$1,995 /mo

  • 3 Beds
  • 1 Bath
  • 1,376 ft²
303 Central Street, Washington, IL, 61571 Listing by Chase Corricelli

Frequently Asked Questions

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

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