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501 North Railroad Street

501 North Railroad Street, Creal Springs, IL 62922
Property in Creal Springs
Sold Oct 07, 2021
$90,000
$76,500 by Farmers State Bank Of Alto Pas
Mortgage Due Nov 01, 2041
Local assessors in Creal Springs, IL have categorized 501 North Railroad Street as a residential type of property. The property's lot size has been calculated to be 621,166 square feet.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Lots of materials we are unsure of were used in the construction of the exterior walls of the home. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 501 North Railroad Street sold most recently in Oct 7, 2021 for a total of $90,000. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $383 in taxes each year. 501 North Railroad Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,900. If we break it down further, the land itself was valued at $2,590. Improvements to the property, however, were assessed at a total of $1,310. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Quality: C
  • Exterior Walls Type: Other
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 621,166
  • 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
  • Land Acres: 14.26
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Right-of-way (not rail, road, or utility)
  • Legal Description 1: S1/2 NE1/4 EX W410 OF N300 EX N208 OF S332 OF W208 LYING W OF RR

Ownership

  • Current Owner : HUTCHINSON LORI
  • Current Owner 2: TANNER SANDY
  • Previous Owner : SUE BRADLEY REBECCA

Neighborhood

  • School District Name: Marion Community Unit School District 2
  • Census Tract: 020802

Geography

  • Parcel: 11-26-202-004
  • Meridian: NE SEC 26 TWN 10S RNG 03E
  • Municipality: CREAL SPRINGS
  • Latitude: 37.6249
  • Longitude: -88.8432

    Address

  • Full Address: 501 N Railroad St
  • Address - House Number: 501
  • Street Direction: N
  • Address - Street Name: Railroad
  • Address - Suffix Type: St
  • State: IL
  • City Name: Creal Springs
  • Zip Code: 62922

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $383
  • Tax Rate Code Area: 11002

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 179,841
  • High Value: 252,677
  • Low Value: 107,004

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $76,500
  • First Open Lien Mortgage Lender: FARMERS STATE BANK OF ALTO PAS
  • First Open Lien Mortgage Recording Date: Oct 07, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $76,500
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2041

    Market Valuation

  • Market Total Value: $11,700
  • Market Land Value: $7,770
  • Market Improvement Value: $3,930

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,900
  • Assessed Land Value: $2,590
  • Assessed Improvements Value: $1,310

    Sales

  • Current Sale Contract Date: Oct 07, 2021
  • Current Sale Recording Date: Oct 07, 2021
  • Current Sale Transaction ID: 11859646976
  • Current Sale Price: $90,000
  • Current Sale Document Type: Administrator's Deed
  • Current Sale Input Document Number: 9544

    Last Sale Mortgage

  • First Mortgage Lender: FARMERS STATE BANK OF ALTO PAS
  • First Mortgage Transaction Date: Oct 07, 2021
  • First Mortgage Loan Amount: $76,500
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2041

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Creal Springs



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Frequently Asked Questions

What neighborhood is 501 North Railroad Street located in?
The 501 North Railroad Street is a located in the neighborhood of Creal Springs in Creal Springs, Creal Springs.
What is the average sales price for listings in 501 North Railroad Street?
The average sales price for units in 501 North Railroad Street is $0 currently.

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