Check Availability

807 North Court Street

807 North Court Street, Marion, IL 62959
Property in West Marion
Sold Dec 30, 2021
$823,500
$430,237 by James Reichert Family Lp
Mortgage Due Aug 09, 2052
Local assessors in Marion, IL have categorized 807 North Court Street as a residential type of property. The home was built in 1940 and is 84 years old. The property's lot size has been calculated to be 15,448 square feet. 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. There is a partial basement that is 1,112 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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 484 sqft. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. 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. Lots of materials we are unsure of were used in the construction of the exterior walls of the home. The home's a gas heating system is the primary heating source. 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, 807 North Court Street sold most recently in Dec 23, 2021 for a total of $823,500. If you work out the math, that's approximately a cost of $583.22 per sqft. 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 $9,844 in taxes each year. 807 North Court Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $132,930. If we break it down further, the land itself was valued at $17,940. Improvements to the property, however, were assessed at a total of $114,990. 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 possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 0
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Other
  • Floor Count: 1
  • Basement Type: Partial basement
  • Basement Area: 1,112
  • Garage Type: Garage
  • Garage Square Area: 484
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 15,448
  • Total Building Area: 1,412
  • Gross Building Area: 1,412
  • Building Area: 1,412
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Gas
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GOODALLS JOAB 1ST ADD
  • Land Acres: 0.354
  • Standard Land Use Code: Single family residential
  • Legal Description 1: GOODALLS, JOAB 1ST ADDN EX W4 HDRD

Ownership

  • Current Owner : 805 N COURT-COURT STREET PLAZA LLC
  • Previous Owner : JAMES REICHERT FAMILY LIMITED PARTNERSHI
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Marion Community Unit School District 2
  • Census Tract: 021001

Geography

  • Parcel: 06-13-426-003
  • Block: 4
  • Lot: 2
  • Municipality: WEST MARION
  • Latitude: 37.7367
  • Longitude: -88.9322

    Address

  • Full Address: 807 N Court St
  • Address - House Number: 807
  • Street Direction: N
  • Address - Street Name: Court
  • Address - Suffix Type: St
  • State: IL
  • City Name: Marion
  • Carrier Code: C008
  • 4-Digit Zip Code: 1791
  • Zip Code: 62959

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,844
  • Tax Rate Code Area: 06010

    Appraisal Valuation

  • Standard Deviation: 0.2715
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 480,623
  • High Value: 611,124
  • Low Value: 350,123

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $430,237
  • First Open Lien Mortgage Lender: JAMES REICHERT FAMILY LP
  • First Open Lien Mortgage Recording Date: Aug 09, 2022
  • First Open Lien Mortgage Loan Amount: $430,237
  • 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: Aug 09, 2052

    Market Valuation

  • Market Total Value: $398,790
  • Market Land Value: $53,820
  • Market Improvement Value: $344,970

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $132,930
  • Assessed Land Value: $17,940
  • Assessed Improvements Value: $114,990

    Sales

  • Current Sale Contract Date: Dec 23, 2021
  • Current Sale Recording Date: Dec 30, 2021
  • Current Sale Transaction ID: 11876766356
  • Current Sale Price: $823,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 12380

    Last Sale Mortgage

  • First Mortgage Lender: SOUTHERNTRUST BANK
  • First Mortgage Transaction Date: Dec 30, 2021
  • First Mortgage Loan Amount: $593,845
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 29, 2026
  • Second Mortgage Loan Amount: $219,345

About Marion



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 504 E. Reeves, Marion, IL, 62959

$925 /mo

  • 2 Beds
  • 1 Bath
504 E. Reeves #504 E. Reeves, Marion, IL, 62959 Listing by Manager

Frequently Asked Questions

What neighborhood is 807 North Court Street located in?
The 807 North Court Street is a located in the neighborhood of West Marion in Marion, Marion.
What is the average sales price for listings in 807 North Court Street?
The average sales price for units in 807 North Court Street is $0 currently.

Quantcast