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1003 North 7th Avenue

1003 North 7th Avenue, Maywood, IL 60153
House in Proviso
Sold Feb 17, 2021
$340,000
$311,355 by Finance Of America Mortgage Ll
Mortgage Due Feb 01, 2051
Sold Jan 28, 2020
$75,000
1003 North 7th Avenue has been categorized by the local assessors in Maywood, IL as a residential type of property. The building on the property was first built in 1903 and is 121 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1003 North 7th Avenue has 1,972 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 250 ft. The area measurement of the land has been determined as 3,503 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of wood. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1003 North 7th Avenue was last sold in Jan 20, 2021 for $340,000. According to our calculations, that's $172.41 per sqft. Prior to that sales transaction, the property was sold for $75,000 in Jan 3, 2020. Current property owners are expected to pay $8,297 in taxes per year. The property on 1003 North 7th Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $14,738. To break that down further, the land itself was valued at $1,664. While improvements to the property were assessed at a total of $13,074. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1903
  • Effective Year Built: 1903
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,503
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,972
  • Gross Building Area: 1,972
  • Building Area: 1,972
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,972
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MAYWOOD SUB
  • Land Acres: 0.08
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (MAYWOOD) SUB OF SEC11 14 & SH SW SEC 02-39-12

Ownership

  • Current Owner : NELSON RICARDO
  • Previous Owner : VILLAGRAN OSCAR
  • Owner Before Previous Owner: U S BANK NATIONAL ASSOCIATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Proviso Township High School District 209
  • Census Tract: 817400

Geography

  • District: 31
  • Parcel: 15-02-308-008-0000
  • Block: 260
  • Lot: 9,10
  • Meridian: SEC 02 TWN 39N RNG 12E
  • Municipality: PROVISO
  • Latitude: 41.8964
  • Longitude: -87.8417

    Address

  • Full Address: 1003 N 7th Ave
  • Address - House Number: 1003
  • Street Direction: N
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Maywood
  • Carrier Code: C003
  • 4-Digit Zip Code: 1060
  • Zip Code: 60153

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,297
  • Tax Rate Code Area: 31021

    Appraisal Valuation

  • Standard Deviation: 0.2607
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 62
  • Final Value: 267,812
  • High Value: 337,637
  • Low Value: 197,986

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $333,567
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Open Lien Mortgage Recording Date: Feb 17, 2021
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $311,355
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051
  • Second Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Second Open Lien Mortgage Recording Date: Nov 21, 2023
  • Second Open Lien Mortgage Loan Amount: $22,212
  • Second Open Lien Mortgage Term: 326
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Market Valuation

  • Market Total Value: $147,380
  • Market Land Value: $16,640
  • Market Improvement Value: $130,740

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $14,738
  • Assessed Land Value: $1,664
  • Assessed Improvements Value: $13,074

    Sales

  • Current Sale Contract Date: Jan 20, 2021
  • Current Sale Recording Date: Feb 17, 2021
  • Current Sale Transaction ID: 11817601962
  • Current Sale Price: $340,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2104813476
  • Previous Sale Recording Date: Jan 28, 2020
  • Previous Sale Contract Date: Jan 03, 2020
  • Previous Sale Amount: $75,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Mortgage Transaction Date: Feb 17, 2021
  • First Mortgage Loan Amount: $311,355
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Feb 01, 2051

    Financing

  • First Mortgage Financing Type: Unknown

About Maywood



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Frequently Asked Questions

What neighborhood is 1003 North 7th Avenue located in?
The 1003 North 7th Avenue is a house located in the neighborhood of Proviso in Maywood, Maywood.
What is the average sales price for listings in 1003 North 7th Avenue?
The average sales price for units in 1003 North 7th Avenue is $0 currently.

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