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757 East Monroe Street

757 East Monroe Street, Morton, IL 61550
Property in Morton
Sold Oct 02, 2020
$145,000
$130,500 by Goodfield State Bank
Mortgage Due Oct 01, 2050
Sold Aug 31, 2015
$135,000
$108,000 by Morton Community Bank
Mortgage
Local assessors in Morton, IL have categorized 757 East Monroe Street as a residential type of property. The home was built in 1962 and is 62 years old. It was most recently renovated and altered in 1970. The property's lot size has been calculated to be 6,779 square feet. The linear feet between the front and back of the lot was measured at 1,140 ft and the front of the lot was measured at 580 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 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 are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 757 East Monroe Street has a total of 948 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 attached garage for those who need a place to park their vehicle. The garage on the property is 528 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of composition shingle. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 757 East Monroe Street sold most recently in Sep 30, 2020 for a total of $145,000. If you work out the math, that's approximately a cost of $46.65 per sqft. Before that, the property was also sold for $135,000 in Aug 28, 2015. 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 $3,225 in taxes each year. 757 East Monroe Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $52,000. If we break it down further, the land itself was valued at $13,860. Improvements to the property, however, were assessed at a total of $38,140. 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. 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!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: 1962
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • 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: Unfinished basement
  • Basement Area: 948
  • Garage Type: Attached
  • Garage Square Area: 528
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,779
  • Lot Size Depth Feet: 1,140
  • Lot Size Frontage Feet: 580
  • Total Building Area: 3,108
  • Gross Building Area: 3,108
  • Building Area: 948
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 948
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BELAIR SUBD
  • Land Acres: 0.156
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: SEC 21 T25N R3W BELAIR SUBD LOT 1 NE 1/4

Ownership

  • Current Owner : PETERSON NOAH M
  • Previous Owner : PETERSON JAMIE D
  • Previous Owner 2: LOWERY CLIFFORD E
  • Owner Before Previous Owner: HORNER JACK L
  • Owner Before Previous Owner 2: HORNER TERESA L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Morton Community Unit School District 709
  • Census Tract: 021605

Geography

  • District: 060
  • Section: 21
  • Parcel: 06-06-21-204-003
  • Lot: 1
  • Meridian: SEC 21 TWN 25N RNG 03W
  • Municipality: MORTON
  • Latitude: 40.6097
  • Longitude: -89.4501

    Address

  • Full Address: 757 E Monroe St
  • Address - House Number: 757
  • Street Direction: E
  • Address - Street Name: Monroe
  • Address - Suffix Type: St
  • State: IL
  • City Name: Morton
  • Carrier Code: C001
  • 4-Digit Zip Code: 2232
  • Zip Code: 61550

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,225
  • Tax Rate Code Area: 06002

    Appraisal Valuation

  • Standard Deviation: 0.2051
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 72
  • Final Value: 184,443
  • High Value: 222,282
  • Low Value: 146,604

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $130,500
  • First Open Lien Mortgage Lender: GOODFIELD STATE BANK
  • First Open Lien Mortgage Recording Date: Oct 02, 2020
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $130,500
  • 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, 2050

    Market Valuation

  • Market Total Value: $156,000
  • Market Land Value: $41,580
  • Market Improvement Value: $114,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $52,000
  • Assessed Land Value: $13,860
  • Assessed Improvements Value: $38,140

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 30, 2020
  • Current Sale Recording Date: Oct 02, 2020
  • Current Sale Transaction ID: 11790595297
  • Current Sale Price: $145,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202000015669
  • Previous Sale Recording Date: Aug 31, 2015
  • Previous Sale Contract Date: Aug 28, 2015
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GOODFIELD STATE BANK
  • First Mortgage Transaction Date: Oct 02, 2020
  • First Mortgage Loan Amount: $130,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: MORTON COMMUNITY BANK
  • Previous Mortgage Transaction Date: Aug 31, 2015
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $108,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Morton



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Frequently Asked Questions

What neighborhood is 757 East Monroe Street located in?
The 757 East Monroe Street is a located in the neighborhood of Morton in Morton, Morton.
What is the average sales price for listings in 757 East Monroe Street?
The average sales price for units in 757 East Monroe Street is $0 currently.

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