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314 Cypress Street

314 Cypress Street, Pekin, IL 61554
Property in Groveland
Sold Sep 08, 2021
$150,000
$142,500 by Inland Bank And Trust
Mortgage Due Oct 01, 2051
Sold Aug 23, 2017
$136,000
$133,536 by First State Bank Illinois
Mortgage Due Sep 01, 2047
314 Cypress Street has been categorized by the local assessors in Pekin, IL as a residential type of property. The building on the property was first built in 2005 and is 19 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 314 Cypress Street has 2,497 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 1,260 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,380 ft and across the front of the lot is 800 ft. The area measurement of the land has been determined as 11,040 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. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 588 sqft. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of composition shingle. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. 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, 314 Cypress Street was last sold in Sep 2, 2021 for $150,000. According to our calculations, that's $40.05 per sqft. Prior to that sales transaction, the property was sold for $136,000 in Aug 21, 2017. Current property owners are expected to pay $3,853 in taxes per year. The property on 314 Cypress Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $50,970. To break that down further, the land itself was valued at $9,190. While improvements to the property were assessed at a total of $41,780. 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 you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Parking

Guest Parking
Paved Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: Partial basement
  • Basement Area: 1,260
  • Garage Type: Attached
  • Garage Square Area: 588
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 11,040
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,745
  • Gross Building Area: 3,745
  • Building Area: 2,497
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,497
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BROADMOOR HGTS
  • Land Acres: 0.253
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: SEC 31 T25N R4W BROADMOOR HGTS SEC 3 LOT 17 SW 1/4

Ownership

  • Current Owner : MITCHELL MICHAEL
  • Previous Owner : BROWN SHANA L
  • Owner Before Previous Owner: PENNING SKIPPER L
  • Owner Before Previous Owner 2: PENNING STEPHANI A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Pekin Community High School District 303
  • Census Tract: 021500

Geography

  • District: 050
  • Section: 31
  • Parcel: 05-05-31-301-003
  • Lot: 17
  • Meridian: SEC 31 TWN 25N RNG 04W
  • Municipality: GROVELAND
  • Latitude: 40.5751
  • Longitude: -89.6062

    Address

  • Full Address: 314 Cypress St
  • Address - House Number: 314
  • Address - Street Name: Cypress
  • Address - Suffix Type: St
  • State: IL
  • City Name: Pekin
  • Carrier Code: C026
  • 4-Digit Zip Code: 2510
  • Zip Code: 61554

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,853
  • Tax Rate Code Area: 05030

    Appraisal Valuation

  • Standard Deviation: 0.226
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 68
  • Final Value: 179,895
  • High Value: 220,560
  • Low Value: 139,230

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $142,500
  • First Open Lien Mortgage Lender: INLAND BANK AND TRUST
  • First Open Lien Mortgage Recording Date: Sep 08, 2021
  • First Open Lien Mortgage Loan Amount: $142,500
  • 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, 2051

    Market Valuation

  • Market Total Value: $152,910
  • Market Land Value: $27,570
  • Market Improvement Value: $125,340

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,970
  • Assessed Land Value: $9,190
  • Assessed Improvements Value: $41,780

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 02, 2021
  • Current Sale Recording Date: Sep 08, 2021
  • Current Sale Transaction ID: 11874836661
  • Current Sale Price: $150,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 16504
  • Previous Sale Recording Date: Aug 23, 2017
  • Previous Sale Contract Date: Aug 21, 2017
  • Previous Sale Amount: $136,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: INLAND BANK AND TRUST
  • First Mortgage Transaction Date: Sep 08, 2021
  • First Mortgage Loan Amount: $142,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FIRST STATE BANK ILLINOIS
  • Previous Mortgage Transaction Date: Aug 23, 2017
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $133,536
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Sep 01, 2047

About Pekin



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Frequently Asked Questions

What neighborhood is 314 Cypress Street located in?
The 314 Cypress Street is a located in the neighborhood of Groveland in Pekin, Pekin.
What is the average sales price for listings in 314 Cypress Street?
The average sales price for units in 314 Cypress Street is $0 currently.

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