NOT LISTED FOR SALE

70 Commerce Dr Morton, IL 61550

Estimated Value: $10,368,031

-- Bed
-- Bath
227,653 Sq Ft
$46/Sq Ft Est. Value

About This Home

This home is located at 70 Commerce Dr, Morton, IL 61550 and is currently estimated at $10,368,031, approximately $45 per square foot. 70 Commerce Dr is a home located in Tazewell County with nearby schools including Morton High School, Blessed Sacrament School, and Bethel Lutheran School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2016
Sold by
Morton Industries Llc
Bought by
Morton Industries Building Llc
Current Estimated Value
$10,368,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,850
Outstanding Balance
$3,468
Interest Rate
1%
Mortgage Type
Commercial
Estimated Equity
$10,364,563

Purchase Details

Closed on
Jun 26, 2009
Sold by
Morton Welding Co Llc
Bought by
Morton Industries Llc and Mwc Acquisition Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,500,000
Interest Rate
4.92%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Morton Industries Building Llc $7,850,000 --
Morton Industries Llc $3,600,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morton Industries Building Llc $4,850
Previous Owner Morton Industries Llc $15,500,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $148,562 $2,174,500 $502,500 $1,672,000
2023 $148,562 $2,025,810 $468,140 $1,557,670
2022 $143,672 $1,860,420 $429,920 $1,430,500
2021 $138,193 $1,788,860 $413,380 $1,375,480
2020 $133,962 $1,771,150 $409,290 $1,361,860
2019 $133,604 $1,771,150 $409,290 $1,361,860
2018 $131,159 $1,771,150 $409,290 $1,361,860
2017 $127,774 $1,753,620 $405,240 $1,348,380
2016 $125,313 $1,753,620 $405,240 $1,348,380
2015 $120,973 $0 $0 $0
2013 $119,753 $1,688,970 $390,300 $1,298,670
Source: Public Records

Map

Illinois Tazewell County Morton 61550

70 Commerce Dr, Morton, IL

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