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607 8th Avenue

607 8th Avenue, Sterling, IL 61081
House in Sterling
Sold Oct 11, 2017
$73,000
$71,530 by Finance Of America Mortgage Ll
Mortgage Due Nov 01, 2047
Sold Jan 11, 2016
$50,500
$40,400 by Sauk Valley Bank & Trust Compa
Mortgage Due Feb 01, 2046
This has been categorized as a residential property type. In total, the area measurement of the land is 11,028 square feet.

Learn more about the property and building on this page. 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, 607 8th Avenue was last sold in Sep 26, 2017 for $73,000. Prior to that sales transaction, the property was sold for $50,500 in Jan 8, 2016. Current property owners are expected to pay $3,056 in taxes per year. The property on 607 8th Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $34,598. To break that down further, the land itself was valued at $6,254. While improvements to the property were assessed at a total of $28,344. 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.

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: 11,028
  • 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: HARVEYS ADDITION
  • Land Acres: 0.253
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HARVEYS ADDITION LTS 10 & 11 BLK 66 326600X

Ownership

  • Current Owner : ERDMIER JASON L
  • Current Owner 2: ERDMIER MELISSA D
  • Previous Owner : WHITE LINDA
  • Owner Before Previous Owner: SMITH CINDY L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Sterling Community Unit District 5
  • Census Tract: 001200

Geography

  • Account Number: 91260
  • District: 10
  • Parcel: 1122302006
  • Block: 66
  • Lot: 10-11
  • Municipality: STERLING
  • Latitude: 41.7942
  • Longitude: -89.6868

    Address

  • Full Address: 607 8th Ave
  • Address - House Number: 607
  • Address - Street Name: 8th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Sterling
  • Carrier Code: C004
  • 4-Digit Zip Code: 3830
  • Zip Code: 61081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,056
  • Tax Rate Code Area: 01005

    Appraisal Valuation

  • Standard Deviation: 0.1245
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 75
  • Final Value: 101,599
  • High Value: 114,254
  • Low Value: 88,943

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $92,613
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Open Lien Mortgage Recording Date: Oct 11, 2017
  • First Open Lien Mortgage Loan Amount: $71,530
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2047
  • Second Open Lien Mortgage Lender: SECRETARY HOUSING URBAN DEVELO
  • Second Open Lien Mortgage Recording Date: Nov 24, 2020
  • Second Open Lien Mortgage Loan Amount: $21,083
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2050

    Market Valuation

  • Market Total Value: $103,794
  • Market Land Value: $18,762
  • Market Improvement Value: $85,032

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $34,598
  • Assessed Land Value: $6,254
  • Assessed Improvements Value: $28,344

    Sales

  • Current Sale Contract Date: Sep 26, 2017
  • Current Sale Recording Date: Oct 11, 2017
  • Current Sale Transaction ID: 1397581972
  • Current Sale Price: $73,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2017-06019
  • Previous Sale Recording Date: Jan 11, 2016
  • Previous Sale Contract Date: Jan 08, 2016
  • Previous Sale Amount: $50,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Mortgage Transaction Date: Oct 11, 2017
  • First Mortgage Loan Amount: $71,530
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: SAUK VALLEY BANK & TRUST COMPA
  • Previous Mortgage Transaction Date: Jan 11, 2016
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $40,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Feb 01, 2046

About Sterling



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Frequently Asked Questions

What neighborhood is 607 8th Avenue located in?
The 607 8th Avenue is a house located in the neighborhood of Sterling in Sterling, Sterling.
What is the average sales price for listings in 607 8th Avenue?
The average sales price for units in 607 8th Avenue is $0 currently.

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