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724 Monroe Street

724 Monroe Street, Galesburg, IL 61401
Property in Galesburg City
Refi Apr 05, 2019
Transfer
$61,750 by Farmers & Mechanics Bk
Mortgage Due May 01, 2049
Local assessors in Galesburg, IL have categorized 724 Monroe 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 11,946 square feet. The linear feet between the front and back of the lot was measured at 1,807 ft and the front of the lot was measured at 660 ft. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 724 Monroe Street has a total of 796 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 576 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 masonry control joints. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $1,664 in taxes each year. 724 Monroe Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $23,560. If we break it down further, the land itself was valued at $4,160. Improvements to the property, however, were assessed at a total of $19,400. 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

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Masonry
  • Exterior Walls Type: Masonry
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 796
  • Garage Type: Garage
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,946
  • Lot Size Depth Feet: 1,807
  • Lot Size Frontage Feet: 660
  • Total Building Area: 796
  • Building Area: 796
  • Building Area Measurement: Base Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 796
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FINCHS ADDN
  • Land Acres: 0.274
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FINCHS ADDN O CONNOR & RYANS SD E 1/2 BLK 9 & ALL BLK 10 LOT 14

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Galesburg Community Unit School District 205
  • Census Tract: 000600

Geography

  • District: 99
  • Parcel: 99-10-151-040
  • Block: 9-10
  • Lot: 14
  • Municipality: CITY OF GALESBURG
  • Latitude: 40.9561
  • Longitude: -90.3821

    Address

  • Full Address: 724 Monroe St
  • Address - House Number: 724
  • Address - Street Name: Monroe
  • Address - Suffix Type: St
  • State: IL
  • City Name: Galesburg
  • Carrier Code: C028
  • 4-Digit Zip Code: 2534
  • Zip Code: 61401

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,664
  • Tax Rate Code Area: 36

    Appraisal Valuation

  • Standard Deviation: 0.247
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 65
  • Final Value: 97,860
  • High Value: 122,041
  • Low Value: 73,679

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $61,750
  • First Open Lien Mortgage Lender: FARMERS & MECHANICS BK
  • First Open Lien Mortgage Recording Date: Apr 05, 2019
  • First Open Lien Mortgage Loan Amount: $61,750
  • 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: May 01, 2049

    Market Valuation

  • Market Total Value: $70,680
  • Market Land Value: $12,480
  • Market Improvement Value: $58,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $23,560
  • Assessed Land Value: $4,160
  • Assessed Improvements Value: $19,400

    Exemptions

  • Homeowner Exemption: Yes

About Galesburg



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 724 Monroe Street located in?
The 724 Monroe Street is a located in the neighborhood of Galesburg City in Galesburg, Galesburg.
What is the average sales price for listings in 724 Monroe Street?
The average sales price for units in 724 Monroe Street is $0 currently.

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