Check Availability

1016 Vermillion Street

1016 Vermillion Street, Plano, IL 60545
House in Little Rock
Sold Apr 30, 2021
$238,000
$189,000 by M/i Financial Llc
Mortgage Due Apr 01, 2051
Sold Dec 04, 2019
$4,085,000
This has been categorized as a residential property type. In total, the area measurement of the land is 8,792 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, 1016 Vermillion Street was last sold in Mar 29, 2021 for $238,000. Prior to that sales transaction, the property was sold for $4,085,000 in Nov 12, 2019. Current property owners are expected to pay $7,051 in taxes per year. The property on 1016 Vermillion Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $81,259. To break that down further, the land itself was valued at $7,610. While improvements to the property were assessed at a total of $73,649. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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

Condition

New Construction

Exterior

Vinyl Siding

Parking

Garage Parking
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: 8,792
  • 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: LAKEWOOD SPRINGS
  • Land Acres: 0.202
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LOT 1485 LAKEWOOD SPRINGS UNIT 6 CITY OF PLANO

Ownership

  • Current Owner : LAWSON KATHERINE L
  • Current Owner 2: LAWSON JAMES M
  • Previous Owner : M I HOMES OF CHICAGO LLC
  • Owner Before Previous Owner: CITY OF PLANO
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Plano Community Unit School District 88
  • Census Tract: 890502

Geography

  • Assessors Map Reference: 3259-B5
  • Parcel: 01-21-229-019
  • Lot: 1485
  • Municipality: LITTLE ROCK TOWNSHIP
  • Latitude: 41.6733
  • Longitude: -88.5479

    Address

  • Full Address: 1016 Vermillion St
  • Address - House Number: 1016
  • Address - Street Name: Vermillion
  • Address - Suffix Type: St
  • State: IL
  • City Name: Plano
  • Carrier Code: R003
  • 4-Digit Zip Code: 3024
  • Zip Code: 60545

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,051
  • Tax Rate Code Area: LR003

    Appraisal Valuation

  • Standard Deviation: 0.1585
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 300,146
  • High Value: 347,738
  • Low Value: 252,553

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $189,000
  • First Open Lien Mortgage Lender: M/I FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Apr 30, 2021
  • First Open Lien Mortgage Loan Amount: $189,000
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $243,777
  • Market Land Value: $22,830
  • Market Improvement Value: $220,947

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $81,259
  • Assessed Land Value: $7,610
  • Assessed Improvements Value: $73,649

    Sales

  • Current Sale Contract Date: Mar 29, 2021
  • Current Sale Recording Date: Apr 30, 2021
  • Current Sale Transaction ID: 11833296852
  • Current Sale Price: $238,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 202100011151
  • Previous Sale Recording Date: Dec 04, 2019
  • Previous Sale Contract Date: Nov 12, 2019
  • Previous Sale Amount: $4,085,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: M/I FINANCIAL LLC
  • First Mortgage Transaction Date: Apr 30, 2021
  • First Mortgage Loan Amount: $189,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

About Plano



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 14 W Main Street, Plano, IL, 60545

$16 /mo

  • Studio
14 W Main Street, Plano, IL, 60545 Listing by Stanislaw Krozel
Unit for rent at 6560 W Us Highway 34 Highway, Plano, IL, 60545

$15 /mo

  • Studio
6560 W Us Highway 34 Highway, Plano, IL, 60545 Listing by Roger Blomgren
Unit for rent at 6500-6506 W Us Highway 34 Highway, Plano, IL, 60545

$18 /mo

  • Studio
6500-6506 W Us Highway 34 Highway, Plano, IL, 60545 Listing by Roger Blomgren
Unit for rent at 6518-6524 W Us Highway 34 Highway, Plano, IL, 60545

$14 /mo

  • Studio
6518-6524 W Us Highway 34 Highway, Plano, IL, 60545 Listing by Roger Blomgren

Frequently Asked Questions

What neighborhood is 1016 Vermillion Street located in?
The 1016 Vermillion Street is a house located in the neighborhood of Little Rock in Plano, Plano.
What is the average sales price for listings in 1016 Vermillion Street?
The average sales price for units in 1016 Vermillion Street is $0 currently.

Quantcast