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718 South Jackson Street

718 South Jackson Street, Litchfield, IL 62056
Property in South Litchfield
Sold May 22, 2008
$61,500
$63,650 by Litchfield National Bank
Mortgage Due Jun 01, 2038
718 South Jackson Street in Litchfield, IL was first built in 1946 and is 78 years old. This has been categorized as a residential property type. 718 South Jackson Street has 945 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. In total, the area measurement of the land is 8,306 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, 718 South Jackson Street sold most recently in Mar 2, 2008 for a total of $61,500. 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 $1,409 in taxes each year. 718 South Jackson Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $21,140. If we break it down further, the land itself was valued at $2,250. Improvements to the property, however, were assessed at a total of $18,890. 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 you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1946
  • Effective Year Built: 1946
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,306
  • Total Building Area: 0
  • Building Area: 945
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 945
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BLK F BERRY ADD
  • Land Acres: 0.19
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: LOT 7 BLK F BERRY ADD 8-5-1404 S T00 R

Ownership

  • Current Owner : PEDERSON CHRISTOPHER A
  • Current Owner 2: PEDERSON KATY L
  • Previous Owner : DAVIS DAVID
  • Previous Owner 2: DAVIS MARILYN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Litchfield Community Unit School District 12
  • Census Tract: 957800

Geography

  • District: 16
  • Parcel: 15-04-181-004
  • Block: F
  • Lot: 7
  • Municipality: SOUTH LITCHFIELD
  • Latitude: 39.1701
  • Longitude: -89.6528

    Address

  • Full Address: 718 S Jackson St
  • Address - House Number: 718
  • Street Direction: S
  • Address - Street Name: Jackson
  • Address - Suffix Type: St
  • State: IL
  • City Name: Litchfield
  • Carrier Code: C002
  • 4-Digit Zip Code: 2214
  • Zip Code: 62056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,409
  • Tax Rate Code Area: 16005

    Appraisal Valuation

  • Standard Deviation: 0.1354
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 79,095
  • High Value: 89,804
  • Low Value: 68,385

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $63,650
  • First Open Lien Mortgage Lender: LITCHFIELD NATIONAL BANK
  • First Open Lien Mortgage Recording Date: May 22, 2008
  • First Open Lien Mortgage Loan Amount: $63,650
  • 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: Jun 01, 2038

    Market Valuation

  • Market Total Value: $63,420
  • Market Land Value: $6,750
  • Market Improvement Value: $56,670

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,140
  • Assessed Land Value: $2,250
  • Assessed Improvements Value: $18,890

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 02, 2008
  • Current Sale Recording Date: May 22, 2008
  • Current Sale Transaction ID: 1148034224
  • Current Sale Price: $61,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200800045771

    Last Sale Mortgage

  • First Mortgage Lender: LITCHFIELD NATIONAL BANK
  • First Mortgage Transaction Date: May 22, 2008
  • First Mortgage Loan Amount: $63,650
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2038

About Litchfield



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Frequently Asked Questions

What neighborhood is 718 South Jackson Street located in?
The 718 South Jackson Street is a located in the neighborhood of South Litchfield in Litchfield, Litchfield.
What is the average sales price for listings in 718 South Jackson Street?
The average sales price for units in 718 South Jackson Street is $0 currently.

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