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500 East Jones Street

500 East Jones Street, Litchfield, IL 62056
Property in South Litchfield
Sold Dec 02, 2016
$71,500
$56,891 by First National Bank Raymond
Mortgage
Sold Oct 19, 2006
$118,000
500 East Jones Street has been categorized by the local assessors in Litchfield, IL as a residential type of property. The area measurement of the land has been determined as 13,144 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. The property was last sold in Nov 30, 2016 for $71,500. Prior to that sales transaction, the property was also sold in Oct 18, 2006 for $118,000. 500 East Jones Street was last assessed in 2022. The total value of the property was assessed at $27,800. Specifically, the land the property is located on was valued at $2,500. While improvements on the property were assessed at a total of $25,300. 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 $2,588. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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: 13,144
  • 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: GORIN ADD
  • Land Acres: 0.301
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: LOTS 1 & 4 BLK 3 GORIN ADD 8-5-1505 & 1507-1 S T00 R

Ownership

  • Current Owner : BENNING DAVID
  • Previous Owner : SAATHOFF THOMAS
  • Owner Before Previous Owner: HOVIOUS MICHAEL
  • Owner Before Previous Owner 2: HOVIOUS DENNIS
  • Ownership Rights Codes: Trust

Neighborhood

  • School District Name: Litchfield Community Unit School District 12
  • Census Tract: 957800

Geography

  • District: 16
  • Parcel: 15-04-404-008
  • Block: 3
  • Lot: 1,4
  • Municipality: SOUTH LITCHFIELD
  • Latitude: 39.167
  • Longitude: -89.6512

    Address

  • Full Address: 500 E Jones St
  • Address - House Number: 500
  • Street Direction: E
  • Address - Street Name: Jones
  • Address - Suffix Type: St
  • State: IL
  • City Name: Litchfield
  • Carrier Code: C002
  • 4-Digit Zip Code: 2498
  • Zip Code: 62056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,588
  • Tax Rate Code Area: 16005

    Appraisal Valuation

  • Standard Deviation: 0.1354
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 97,811
  • High Value: 111,055
  • Low Value: 84,566

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $56,891
  • First Open Lien Mortgage Lender: FIRST NATIONAL BANK RAYMOND
  • First Open Lien Mortgage Recording Date: Dec 02, 2016
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $56,891
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $83,400
  • Market Land Value: $7,500
  • Market Improvement Value: $75,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $27,800
  • Assessed Land Value: $2,500
  • Assessed Improvements Value: $25,300

    Sales

  • Current Sale Contract Date: Nov 30, 2016
  • Current Sale Recording Date: Dec 02, 2016
  • Current Sale Transaction ID: 1903547582
  • Current Sale Price: $71,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201604244
  • Previous Sale Recording Date: Oct 19, 2006
  • Previous Sale Contract Date: Oct 18, 2006
  • Previous Sale Amount: $118,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST NATIONAL BANK RAYMOND
  • First Mortgage Transaction Date: Dec 02, 2016
  • First Mortgage Loan Amount: $56,891
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Litchfield



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Frequently Asked Questions

What neighborhood is 500 East Jones Street located in?
The 500 East Jones Street is a located in the neighborhood of South Litchfield in Litchfield, Litchfield.
What is the average sales price for listings in 500 East Jones Street?
The average sales price for units in 500 East Jones Street is $0 currently.

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