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555 West Prairie Street

555 West Prairie Street, Marengo, IL 60152
Property in Marengo
Sold Apr 27, 1998
Transfer
$133,500 by Harris Bank Marengo
Mortgage Due Nov 01, 2026
Sold Oct 14, 1996
$167,000
$133,500 by Harris Bank Marengo
Mortgage Due Nov 01, 2026
This has been categorized as a residential property type. In total, the area measurement of the land is 8,712 square feet.

Learn more about the property and building on this page. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $167,000 in Oct 4, 1996. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $6,513 in taxes each year. 555 West Prairie Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $78,602. If we break it down further, the land itself was valued at $12,212. Improvements to the property, however, were assessed at a total of $66,390. 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
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • 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: ASSESSORS
  • Land Acres: 0.2
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: DOC 96R052845 SUBLT 13 LT 47 ASSRS PLAT

Ownership

  • Current Owner : THE WOODSTONE COMPANY
  • Previous Owner : HARRIS BANK WOODSTOCK
  • Owner Before Previous Owner: AMERICAN NATIONAL BK&TR CO OF CHICAGO
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Marengo Community High School District 154
  • Census Tract: 871003

Geography

  • Parcel: 11-35-252-007
  • Block: 47
  • Lot: 47
  • Municipality: MARENGO TWP
  • Latitude: 42.2503
  • Longitude: -88.6154

    Address

  • Full Address: 555 W Prairie St
  • Address - House Number: 555
  • Street Direction: W
  • Address - Street Name: Prairie
  • Address - Suffix Type: St
  • State: IL
  • City Name: Marengo
  • Carrier Code: C002
  • 4-Digit Zip Code: 2142
  • Zip Code: 60152

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,513
  • Tax Rate Code Area: 11001

    Appraisal Valuation

  • Standard Deviation: 0.1239
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 86
  • Final Value: 313,550
  • High Value: 352,420
  • Low Value: 274,680

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $133,500
  • First Open Lien Mortgage Lender: HARRIS BANK MARENGO
  • First Open Lien Mortgage Recording Date: Oct 14, 1996
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $133,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2026

    Market Valuation

  • Market Total Value: $235,806
  • Market Land Value: $36,636
  • Market Improvement Value: $199,170

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $78,602
  • Assessed Land Value: $12,212
  • Assessed Improvements Value: $66,390

    Sales

  • Current Sale Contract Date: Apr 14, 1998
  • Current Sale Recording Date: Apr 27, 1998
  • Current Sale Transaction ID: 1178598825
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: 98R-025399
  • Previous Sale Recording Date: Oct 14, 1996
  • Previous Sale Contract Date: Oct 04, 1996
  • Previous Sale Amount: $167,000
  • Previous Sale Document Type: Joint Tenancy Deed

    Previous Mortgages

  • Previous Mortgage Lender: HARRIS BANK MARENGO
  • Previous Mortgage Transaction Date: Oct 14, 1996
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $133,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Nov 01, 2026

About Marengo



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Frequently Asked Questions

What neighborhood is 555 West Prairie Street located in?
The 555 West Prairie Street is a located in the neighborhood of Marengo in Marengo, Marengo.
What is the average sales price for listings in 555 West Prairie Street?
The average sales price for units in 555 West Prairie Street is $0 currently.

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