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511 Decatur Street

511 Decatur Street, Lincoln, IL 62656
Property in East Lincoln
Sold Jul 19, 2021
$160,000
$152,000 by Heartland Bank & Trust Co
Mortgage
Sold Apr 23, 2014
$124,000
$103,500 by State Bank Of Lincoln
Mortgage
511 Decatur Street has been categorized by the local assessors in Lincoln, IL as a residential type of property. The area measurement of the land has been determined as 13,939 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page 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, 511 Decatur Street was last sold in Jul 15, 2021 for $160,000. Prior to that sales transaction, the property was sold for $124,000 in Apr 21, 2014. Current property owners are expected to pay $4,024 in taxes per year. The property on 511 Decatur Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $46,780. To break that down further, the land itself was valued at $9,260. While improvements to the property were assessed at a total of $37,520. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GILLETT'S ADD
  • Land Acres: 0.32
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: 8-2299 NW 12 FT LOT 4 & ALL LOTS 5 & 6 BLOCK 32 LATHAM & GILLETT'S ADDN TO LINCOLN.

Ownership

  • Current Owner : DUNCHEON TAYLOR KENNETH
  • Current Owner 2: DUNCHEON DEVAN RAE
  • Previous Owner : TYSON JOSEPH E
  • Owner Before Previous Owner: WISER DALE A
  • Owner Before Previous Owner 2: WISER CATHY L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Lincoln Elementary School District 27
  • Census Tract: 953300

Geography

  • District: 08
  • Parcel: 08-255-310-00
  • Block: 32
  • Lot: 4-6
  • Municipality: EAST LINCOLN
  • Latitude: 40.1426
  • Longitude: -89.363

    Address

  • Full Address: 511 Decatur St
  • Address - House Number: 511
  • Address - Street Name: Decatur
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lincoln
  • Carrier Code: C010
  • 4-Digit Zip Code: 3001
  • Zip Code: 62656

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,024
  • Tax Rate Code Area: 08002

    Appraisal Valuation

  • Standard Deviation: 0.2607
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 62
  • Final Value: 172,983
  • High Value: 218,095
  • Low Value: 127,870

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $152,000
  • First Open Lien Mortgage Lender: HEARTLAND BANK & TRUST CO
  • First Open Lien Mortgage Recording Date: Jul 19, 2021
  • First Open Lien Mortgage Loan Amount: $152,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $140,340
  • Market Land Value: $27,780
  • Market Improvement Value: $112,560

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $46,780
  • Assessed Land Value: $9,260
  • Assessed Improvements Value: $37,520

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 15, 2021
  • Current Sale Recording Date: Jul 19, 2021
  • Current Sale Transaction ID: 11844704697
  • Current Sale Price: $160,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021115890
  • Previous Sale Recording Date: Apr 23, 2014
  • Previous Sale Contract Date: Apr 21, 2014
  • Previous Sale Amount: $124,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HEARTLAND BANK & TRUST CO
  • First Mortgage Transaction Date: Jul 19, 2021
  • First Mortgage Loan Amount: $152,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: STATE BANK OF LINCOLN
  • Previous Mortgage Transaction Date: Apr 23, 2014
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $103,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Lincoln



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Frequently Asked Questions

What neighborhood is 511 Decatur Street located in?
The 511 Decatur Street is a located in the neighborhood of East Lincoln in Lincoln, Lincoln.
What is the average sales price for listings in 511 Decatur Street?
The average sales price for units in 511 Decatur Street is $0 currently.

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