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720 Chase Street

720 Chase Street, Hillsboro, IL 62049
Property in Hillsboro
Sold Feb 25, 2020
$99,500
$79,500 by First National Bank
Mortgage Due Mar 01, 2040
Sold Jul 11, 2018
$11,000
$60,000 by First National Bank
Mortgage
Local assessors in Hillsboro, IL have categorized 720 Chase Street as a residential type of property. The home was built in 1920 and is 104 years old. The property's lot size has been calculated to be 7,006 square feet. If we look only at the heated or air conditioned part of the building, then 720 Chase Street has a total of 668 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. 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, 720 Chase Street sold most recently in Feb 24, 2020 for a total of $99,500. If you work out the math, that's approximately a cost of $148.95 per sqft. Before that, the property was also sold for $11,000 in Jun 5, 2018. 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 $1,094 in taxes each year. 720 Chase Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $18,360. If we break it down further, the land itself was valued at $2,890. Improvements to the property, however, were assessed at a total of $15,470. 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: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,006
  • Total Building Area: 668
  • Gross Building Area: 668
  • Building Area: 668
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 668
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TREMONT PLACE ADD
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: LOT 10 TREMONT PLACE ADD & PT ADJ VAC ALLEY 8-4-2686 S T00 R

Ownership

  • Current Owner : BENNETT DAVID L
  • Current Owner 2: BENNETT JULIE A
  • Previous Owner : MAY TODD
  • Owner Before Previous Owner: BANK OF NEW YORK MELLON
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hillsboro Community Unit School District 3
  • Census Tract: 957900

Geography

  • District: 8
  • Parcel: 16-12-152-017
  • Lot: 10
  • Municipality: HILLSBORO
  • Latitude: 39.154
  • Longitude: -89.4897

    Address

  • Full Address: 720 Chase St
  • Address - House Number: 720
  • Address - Street Name: Chase
  • Address - Suffix Type: St
  • State: IL
  • City Name: Hillsboro
  • Carrier Code: C004
  • 4-Digit Zip Code: 1826
  • Zip Code: 62049

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,094
  • Tax Rate Code Area: 08003

    Appraisal Valuation

  • Standard Deviation: 0.1354
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 14,767
  • High Value: 16,766
  • Low Value: 12,767

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $79,500
  • First Open Lien Mortgage Lender: FIRST NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Feb 25, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $79,500
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2040

    Market Valuation

  • Market Total Value: $55,080
  • Market Land Value: $8,670
  • Market Improvement Value: $46,410

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,360
  • Assessed Land Value: $2,890
  • Assessed Improvements Value: $15,470

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 24, 2020
  • Current Sale Recording Date: Feb 25, 2020
  • Current Sale Transaction ID: 11745658519
  • Current Sale Price: $99,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202000681
  • Previous Sale Recording Date: Jul 11, 2018
  • Previous Sale Contract Date: Jun 05, 2018
  • Previous Sale Amount: $11,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST NATIONAL BANK
  • First Mortgage Transaction Date: Feb 25, 2020
  • First Mortgage Loan Amount: $79,500
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2040

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST NATIONAL BANK
  • Previous Mortgage Transaction Date: Jul 11, 2018
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $60,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Hillsboro



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Frequently Asked Questions

What neighborhood is 720 Chase Street located in?
The 720 Chase Street is a located in the neighborhood of Hillsboro in Hillsboro, Hillsboro.
What is the average sales price for listings in 720 Chase Street?
The average sales price for units in 720 Chase Street is $0 currently.

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