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1108 Bank Lane

1108 Bank Lane, Zion, IL 60099
Sold Dec 19, 2016
$145,000
$142,373 by Diamond Residential Mortgage C
Mortgage Due Jan 01, 2047
Sold Dec 12, 2011
$82,000
1108 Bank Lane in Zion, IL was first built in 2001 and is 23 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a tri-level style. It is a single story home. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1108 Bank Lane has 928 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,350 ft and the linear feet between the front and back of the lot is 620. In total, the area measurement of the land is 8,712 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a municipal system. For those who need parking, there is a attached garage. The garage is 480 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1108 Bank Lane sold most recently in Dec 9, 2016 for a total of $145,000. If you work out the math, that's approximately a cost of $80.20 per sqft. Before that, the property was also sold for $82,000 in Oct 31, 2011. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,980 in taxes each year. 1108 Bank Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $65,928. If we break it down further, the land itself was valued at $6,673. Improvements to the property, however, were assessed at a total of $59,255. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Tri-level
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 400
  • Garage Type: Attached
  • Garage Square Area: 480
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 620
  • Lot Size Frontage Feet: 1,350
  • Total Building Area: 1,808
  • Gross Building Area: 1,808
  • Building Area: 928
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 928
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TEWES FARM ESTATES
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TEWES FARM ESTATES LOT 17

Ownership

  • Current Owner : ACOSTA GABRIEL
  • Previous Owner : KIM SANGSEOP
  • Owner Before Previous Owner: OHIO INVESTMENTS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Zion-Benton Township High School District 126
  • Census Tract: 860600

Geography

  • District: BENTON
  • Parcel: 04-33-116-004
  • Lot: 17
  • Municipality: TWP OF BENTON
  • Latitude: 42.4277
  • Longitude: -87.8438

    Address

  • Full Address: 1108 Bank Ln
  • Address - House Number: 1108
  • Address - Street Name: Bank
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Zion
  • Carrier Code: R002
  • 4-Digit Zip Code: 4608
  • Zip Code: 60099

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,980
  • Tax Rate Code Area: 1106

    Appraisal Valuation

  • Standard Deviation: 0.1915
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 234,096
  • High Value: 278,944
  • Low Value: 189,248

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $142,373
  • First Open Lien Mortgage Lender: DIAMOND RESIDENTIAL MORTGAGE C
  • First Open Lien Mortgage Recording Date: Dec 19, 2016
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $142,373
  • 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: Jan 01, 2047

    Market Valuation

  • Market Total Value: $197,804
  • Market Land Value: $20,021
  • Market Improvement Value: $177,783

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $65,928
  • Assessed Land Value: $6,673
  • Assessed Improvements Value: $59,255

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 09, 2016
  • Current Sale Recording Date: Dec 19, 2016
  • Current Sale Transaction ID: 1923799149
  • Current Sale Price: $145,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7356970
  • Previous Sale Recording Date: Dec 12, 2011
  • Previous Sale Contract Date: Oct 31, 2011
  • Previous Sale Amount: $82,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: DIAMOND RESIDENTIAL MORTGAGE C
  • First Mortgage Transaction Date: Dec 19, 2016
  • First Mortgage Loan Amount: $142,373
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2047

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Tewes Farm Estates



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Nearby Rentals

Unit for rent at 2810 Emmaus Avenue, Zion, IL, 60099

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 2,400 ft²
2810 Emmaus Avenue, Zion, IL, 60099 Listing by Denise Hillinger

Frequently Asked Questions

What neighborhood is 1108 Bank Lane located in?
The 1108 Bank Lane is a located in the neighborhood of Tewes Farm Estates in Tewes Farm Estates, Zion.
What is the average sales price for listings in 1108 Bank Lane?
The average sales price for units in 1108 Bank Lane is $0 currently.

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