Property Details
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This property is located at 1227 Illinois AVE, Ottawa, IL 61350. It sits on a spacious lot of 130,680 square feet and the main building, built in 1981, has a total of 1,568 square feet of living space with one fireplace. The assessed value at the time was $94,512, with $85,505 for improvements and $9,007 for the land. It is part of the subdivision of G L S 1 & 2 SW 1/4 SEC, with tax legal information stating that it is a parcel of land west 66 feet north 320.54 feet east 406.59 feet south 320.53 feet west 342.81 feet. The property also had a market improvement percentage of 90%, and a tax bill amount of $5,603.10.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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