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320 East State Street

320 East State Street, Cherry Valley, IL 61016
Property in Cherry Valley
Sold Jul 22, 2022
$155,000
$116,250 by Academy Mortgage Corporation
Mortgage Due Aug 01, 2052
Sold Apr 27, 2015
$100,000
$95,000 by Alpine Bk&tr Co
Mortgage Due Apr 01, 2045
320 East State Street has been categorized by the local assessors in Cherry Valley, IL as a residential type of property. The building on the property was first built in 1920 and is 104 years old. The home has a total of 3 bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 320 East State Street has 3,088 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 8,961 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 garage for those who require parking. The garage measured 544 sqft. According to our sources, there are a total of 4 available parking spaces. Residents will have the luxury of enjoying a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The roof of the building is made of asphalt. 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 and being fueled with gas. 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, 320 East State Street was last sold in Jul 1, 2022 for $155,000. According to our calculations, that's $50.19 per sqft. Prior to that sales transaction, the property was sold for $100,000 in Nov 1, 2014. Current property owners are expected to pay $3,266 in taxes per year. The property on 320 East State Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $42,627. To break that down further, the land itself was valued at $6,982. While improvements to the property were assessed at a total of $35,645. 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.

Building Features

Exterior

Vinyl Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Type: Attached
  • Garage Type: Garage
  • Garage Square Area: 544
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 8,961
  • Total Building Area: 3,088
  • Gross Building Area: 3,088
  • Building Area: 3,088
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,088
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAWRENCES ADD TO CHERRY VALLEY
  • Land Acres: 0.206
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAWRENCES ADD TO CHERRY VALLEY LOT 005

Ownership

  • Current Owner : SJOSTROM NELSON E
  • Previous Owner : LARA MICHAEL A
  • Owner Before Previous Owner: STANTON ERIC V
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 003705

Zoning

  • Zoning: R1 - SINGL

Geography

  • Parcel: 16-01-251-006
  • Lot: 005
  • Municipality: CHERRY VALLEY
  • Latitude: 42.2351
  • Longitude: -88.9505

    Address

  • Full Address: 320 E State St
  • Address - House Number: 320
  • Street Direction: E
  • Address - Street Name: State
  • Address - Suffix Type: St
  • State: IL
  • City Name: Cherry Valley
  • Carrier Code: R063
  • 4-Digit Zip Code: 9294
  • Zip Code: 61016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,266
  • Tax Rate Code Area: 120

    Appraisal Valuation

  • Standard Deviation: 0.2459
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 65
  • Final Value: 173,268
  • High Value: 215,889
  • Low Value: 130,647

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $116,250
  • First Open Lien Mortgage Lender: ACADEMY MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Jul 22, 2022
  • First Open Lien Mortgage Loan Amount: $116,250
  • 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: Aug 01, 2052

    Market Valuation

  • Market Total Value: $127,881
  • Market Land Value: $20,946
  • Market Improvement Value: $106,935

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,627
  • Assessed Land Value: $6,982
  • Assessed Improvements Value: $35,645

    Sales

  • Current Sale Contract Date: Jul 01, 2022
  • Current Sale Recording Date: Jul 22, 2022
  • Current Sale Transaction ID: 11892856005
  • Current Sale Price: $155,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 22742
  • Previous Sale Recording Date: Apr 27, 2015
  • Previous Sale Contract Date: Nov 01, 2014
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: ACADEMY MORTGAGE CORPORATION
  • First Mortgage Transaction Date: Jul 22, 2022
  • First Mortgage Loan Amount: $116,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: ALPINE BK&TR CO
  • Previous Mortgage Transaction Date: Apr 27, 2015
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $95,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2045

About Cherry Valley



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Frequently Asked Questions

What neighborhood is 320 East State Street located in?
The 320 East State Street is a located in the neighborhood of Cherry Valley in Cherry Valley, Cherry Valley.
What is the average sales price for listings in 320 East State Street?
The average sales price for units in 320 East State Street is $0 currently.

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