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742 McKinley Avenue

742 McKinley Avenue, Geneva, IL 60134
Property in Geneva
Sold Aug 25, 2020
$200,500
$160,400 by Geneva Financial Llc
Mortgage Due Sep 01, 2050
Sold Jun 03, 2005
$186,000
$148,800 by Benchmark Bank
Mortgage Due Jun 01, 2035
Local assessors in Geneva, IL have categorized 742 McKinley Avenue as a residential type of property. The home was built in 1946 and is 78 years old. The property's lot size has been calculated to be 7,440 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. 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 742 McKinley Avenue has a total of 1,008 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. There is only one available parking space, so if you need more, you may need to find some alternatives. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 742 McKinley Avenue was last sold in Aug 11, 2020 for $200,500. According to our calculations, that's $119.35 per sqft. Prior to that sales transaction, the property was sold for $186,000 in Jun 1, 2005. Current property owners are expected to pay $5,984 in taxes per year. The property on 742 McKinley Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $77,663. To break that down further, the land itself was valued at $30,371. While improvements to the property were assessed at a total of $47,292. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or 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
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 672
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,440
  • Total Building Area: 1,680
  • Gross Building Area: 1,680
  • Building Area: 1,008
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,008
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ST CHARLES GENEVA HOMES
  • Land Acres: 0.171
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ST. CHARLES GENEVA HOMES UNIT NO. 2 - LOT 50

Ownership

  • Current Owner : MILLS GREGORY T
  • Current Owner 2: MILLS GREGORY T
  • Previous Owner : WILLIAMS JEFF D
  • Previous Owner 2: WILLIAMS KRISTA A
  • Owner Before Previous Owner: MCCORMICK SUZANNE
  • Owner Before Previous Owner 2: MCCORMICK SUZANNE M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Geneva Community Unit School District 304
  • Census Tract: 852608

Geography

  • Parcel: 12-03-103-016
  • Lot: 50
  • Municipality: GENEVA
  • Latitude: 41.8975
  • Longitude: -88.3163

    Address

  • Full Address: 742 Mckinley Ave
  • Legal Unit: 2
  • Address - House Number: 742
  • Address - Street Name: Mckinley
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Geneva
  • Carrier Code: C007
  • 4-Digit Zip Code: 1231
  • Zip Code: 60134

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,984
  • Tax Rate Code Area: GE005

    Appraisal Valuation

  • Standard Deviation: 0.1614
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 297,658
  • High Value: 345,706
  • Low Value: 249,609

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $160,400
  • First Open Lien Mortgage Lender: GENEVA FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Aug 25, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $160,400
  • 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: Sep 01, 2050

    Market Valuation

  • Market Total Value: $233,082
  • Market Land Value: $91,149
  • Market Improvement Value: $141,933

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $77,663
  • Assessed Land Value: $30,371
  • Assessed Improvements Value: $47,292

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 11, 2020
  • Current Sale Recording Date: Aug 25, 2020
  • Current Sale Transaction ID: 11783951342
  • Current Sale Price: $200,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020K047947
  • Previous Sale Recording Date: Jun 03, 2005
  • Previous Sale Contract Date: Jun 01, 2005
  • Previous Sale Amount: $186,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GENEVA FINANCIAL LLC
  • First Mortgage Transaction Date: Aug 25, 2020
  • First Mortgage Loan Amount: $160,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: BENCHMARK BANK
  • Previous Mortgage Transaction Date: Jun 03, 2005
  • Previous Mortgage Loan Amount: $148,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jun 01, 2035

About Geneva



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Frequently Asked Questions

What neighborhood is 742 McKinley Avenue located in?
The 742 McKinley Avenue is a located in the neighborhood of Geneva in Geneva, Geneva.
What is the average sales price for listings in 742 McKinley Avenue?
The average sales price for units in 742 McKinley Avenue is $0 currently.

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