Property Details
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This well-maintained residential property, located at 3004 Richmond Avenue in Mattoon, IL, is situated on a spacious lot in the desirable Noyes Addition. Built in 1941 and recently sold for $139,000, this home features 1,080 square feet of living space and a detached garage. The assessed value of this property is $97,197, with $28,130 attributed to improvements and $4,269 to the land itself.
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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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