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1025 North Gilbert Street

1025 North Gilbert Street, Danville, IL 61832
Property in Danville
Sold Jan 25, 2024
$232,000
$1,120,000 by Iroquois Federal S & L Assn
Mortgage Due Feb 15, 2056
Sold Nov 09, 2021
$210,000
$210,000 by Lkb Rentals Llc
Mortgage Due Sep 28, 2036
This has been categorized as a residential property type. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,480. In total, the area measurement of the land is 7,405 square feet.

Learn more about the property and building on this page. The property was last sold in Jan 25, 2024 for $232,000. Prior to that sales transaction, the property was also sold in Nov 2, 2021 for $210,000. 1025 North Gilbert Street was last assessed in 2022. The total value of the property was assessed at $11,917. Specifically, the land the property is located on was valued at $1,896. While improvements on the property were assessed at a total of $10,021. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,267. The initial tax year of delinquency was in 2022. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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: 7,405
  • Lot Size Depth Feet: 1,480
  • Lot Size Frontage Feet: 500
  • 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: D P FAIRCHILDS
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • Legal Description 1: D P FAIRCHILDS ADD TO DANVILLE L4 B1

Ownership

  • Current Owner : LINWOOD LLC
  • Previous Owner : A ENTERPRISES LLC
  • Owner Before Previous Owner: LKB RENTALS LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Danville Community Consolidated School District 118
  • Census Tract: 000600

Geography

  • District: DA
  • Parcel: 23-05-120-007
  • Block: 1
  • Lot: 4E
  • Meridian: SEC 05 TWN 19N RNG 11W
  • Municipality: DANVILLE
  • Latitude: 40.1415
  • Longitude: -87.6353

    Address

  • Full Address: 1025 N Gilbert St
  • Address - House Number: 1025
  • Street Direction: N
  • Address - Street Name: Gilbert
  • Address - Suffix Type: St
  • State: IL
  • City Name: Danville
  • Carrier Code: C014
  • 4-Digit Zip Code: 3848
  • Zip Code: 61832

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,267
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: DN004

    Appraisal Valuation

  • Standard Deviation: 0.0297
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 77
  • Final Value: 49,000
  • High Value: 57,000
  • Low Value: 42,000

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,120,000
  • First Open Lien Mortgage Lender: IROQUOIS FEDERAL S & L ASSN
  • First Open Lien Mortgage Recording Date: Jan 25, 2024
  • First Open Lien Mortgage Loan Amount: $1,120,000
  • First Open Lien Mortgage Term: 384
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 15, 2056

    Market Valuation

  • Market Total Value: $35,751
  • Market Land Value: $5,688
  • Market Improvement Value: $30,063

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $11,917
  • Assessed Land Value: $1,896
  • Assessed Improvements Value: $10,021

    Sales

  • Current Sale Contract Date: Jan 25, 2024
  • Current Sale Recording Date: Jan 25, 2024
  • Current Sale Transaction ID: 11919800349
  • Current Sale Price: $232,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 425
  • Previous Sale Recording Date: Nov 09, 2021
  • Previous Sale Contract Date: Nov 02, 2021
  • Previous Sale Amount: $210,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: IROQUOIS FEDERAL S & L ASSN
  • First Mortgage Transaction Date: Jan 25, 2024
  • First Mortgage Loan Amount: $1,120,000
  • First Mortgage Terms: 384
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 15, 2056

    Previous Mortgages

  • Previous Mortgage Lender: LKB RENTALS LLC
  • Previous Mortgage Transaction Date: Nov 09, 2021
  • Previous Mortgage Loan Amount: $210,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 28, 2036

About Danville



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Frequently Asked Questions

What neighborhood is 1025 North Gilbert Street located in?
The 1025 North Gilbert Street is a located in the neighborhood of Danville in Danville, Danville.
What is the average sales price for listings in 1025 North Gilbert Street?
The average sales price for units in 1025 North Gilbert Street is $0 currently.

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