Property Details
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The property located at 816 West Main Street in Mascoutah, IL, sits within the charming Leibrock's Addition to Mascoutah, comprising lots 23 and the eastern half of lot 25. Built in 1900, this two-story residential building offers a total living space of 520 square feet, nestled on a generous lot measuring 7,405 square feet. While it features central cooling, it is noted that heating was absent at the time the data was recorded. The assessed value of the property was $39,343, with a market value reaching approximately $118,029, making it a unique opportunity for potential buyers in the area.
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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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