Property Details
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This property is located at 1411 North Franklin Street in Danville, IL and is part of the Chas L Englishs subdivision. Lot number 49 and a portion of the adjacent alley are included in the property. As of the last sale date on May 19, 2021, the property is classified as residential and has a lot size of 7,841 square feet. The assessed value of the property is $27,453, with $23,663 for improvements and $3,790 for land. The previous sale amount for this property was $40,000. The heating type is listed as none.
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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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