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703 Broadway Avenue

703 Broadway Avenue, Sterling, IL 61081
Property in Sterling
Sold Nov 05, 2014
$30,000
$96,204 by Finance Of America Mortgage Ll
Mortgage Due Jun 01, 2047
Sold Oct 15, 2014
$30,000
This has been categorized as a residential property type. In total, the area measurement of the land is 6,900 square feet.

Learn more about the property and building on this page. 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, 703 Broadway Avenue was last sold in Oct 31, 2014 for $30,000. Prior to that sales transaction, the property was sold for $30,000 in Sep 19, 2014. Current property owners are expected to pay $3,173 in taxes per year. The property on 703 Broadway Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $35,695. To break that down further, the land itself was valued at $4,280. While improvements to the property were assessed at a total of $31,415. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.

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: 6,900
  • 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: MACKS ADDITION
  • Land Acres: 0.158
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MACKS ADDITION E PTS LOT 8 & 9 BLK 1

Ownership

  • Current Owner : STERLING FEDERAL BANK FSB
  • Previous Owner : PRENTICE BEVERLY R
  • Owner Before Previous Owner: PRENTICE BEVERLY R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Sterling Community Unit District 5
  • Census Tract: 001200

Geography

  • Account Number: 89800
  • District: 10
  • Parcel: 1122160032
  • Block: 1
  • Lot: 8-9
  • Municipality: STERLING
  • Latitude: 41.7951
  • Longitude: -89.6851

    Address

  • Full Address: 703 Broadway Ave
  • Address - House Number: 703
  • Address - Street Name: Broadway
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Sterling
  • Carrier Code: C005
  • 4-Digit Zip Code: 3853
  • Zip Code: 61081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,173
  • Tax Rate Code Area: 01005

    Appraisal Valuation

  • Standard Deviation: 0.2722
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 61
  • Final Value: 119,989
  • High Value: 152,651
  • Low Value: 87,327

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $102,851
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Open Lien Mortgage Recording Date: May 12, 2017
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $96,204
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2047
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Sep 20, 2022
  • Second Open Lien Mortgage Loan Amount: $6,647
  • Second Open Lien Mortgage Term: 296
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Jun 01, 2047

    Market Valuation

  • Market Total Value: $107,085
  • Market Land Value: $12,840
  • Market Improvement Value: $94,245

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,695
  • Assessed Land Value: $4,280
  • Assessed Improvements Value: $31,415

    Sales

  • Current Sale Contract Date: Oct 31, 2014
  • Current Sale Recording Date: Nov 05, 2014
  • Current Sale Transaction ID: 1178937089
  • Current Sale Price: $30,000
  • Current Sale Document Type: Sheriff's Deed
  • Current Sale Input Document Number: 2014-06372
  • Previous Sale Recording Date: Oct 15, 2014
  • Previous Sale Contract Date: Sep 19, 2014
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: Legal Action/Court Order

About Sterling



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Frequently Asked Questions

What neighborhood is 703 Broadway Avenue located in?
The 703 Broadway Avenue is a located in the neighborhood of Sterling in Sterling, Sterling.
What is the average sales price for listings in 703 Broadway Avenue?
The average sales price for units in 703 Broadway Avenue is $0 currently.

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