901 South 7th Street

Local assessors in Rochelle, IL have categorized 901 South 7th Street as a commercial type of property. The home was built in 1976 and is 48 years old. The property's lot size has been calculated to be 29,185 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 1,952 ft. 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 901 South 7th Street has a total of 1,682 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. 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, 901 South 7th Street was last sold in Dec 10, 2012 for $88,750. According to our calculations, that's $52.76 per sqft. Current property owners are expected to pay $3,242 in taxes per year. The property on 901 South 7th Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $34,809. To break that down further, the land itself was valued at $13,727. While improvements to the property were assessed at a total of $21,082. 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. 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.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.