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1140 Forest Avenue

1140 Forest Avenue, Wilmette, IL 60091
Property in New Trier
Sold Dec 26, 2019
$620,000
$496,000 by Morgan Stanley Private Bank Na
Mortgage Due Jan 01, 2050
1140 Forest Avenue in Wilmette, IL was first built in 1951 and is 73 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 ranch/rambler style. There are a total of 2 floors. There are a total of 6 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. 1140 Forest Avenue has 2,089 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. In total, the area measurement of the land is 8,250 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a detached garage. 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 masonry 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 masonry. 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 heating system. 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. The property was last sold in Dec 17, 2019 for $620,000. That's $296.79 per sqft. 1140 Forest Avenue was last assessed in 2023. The total value of the property was assessed at $68,001. Specifically, the land the property is located on was valued at $22,688. While improvements on the property were assessed at a total of $45,313. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $13,870. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,250
  • Total Building Area: 2,089
  • Gross Building Area: 2,089
  • Building Area: 2,089
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,089
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HESS SUB
  • Land Acres: 0.189
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WM E (HESS) SUB OF LT 11 OF BLK 5 IN L L GREENLEAFS R ESUB OF BLKS 29-34 IN VILLAGE OF WILMETTE IN SEC 27-42-13

Ownership

  • Current Owner : RICHARDS ROSS A
  • Current Owner 2: RICHARDS JEAN K
  • Previous Owner : GASKILL JOHN
  • Previous Owner 2: GASKILL ROBERT
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: New Trier Township High School District 203
  • Census Tract: 801300

Geography

  • District: 23
  • Parcel: 05-27-315-012-0000
  • Block: 5,29-
  • Lot: 11
  • Meridian: SEC 27 TWN 42N RNG 13E
  • Municipality: NEW TRIER
  • Latitude: 42.0805
  • Longitude: -87.7074

    Address

  • Full Address: 1140 Forest Ave
  • Address - House Number: 1140
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Wilmette
  • Carrier Code: C028
  • 4-Digit Zip Code: 1655
  • Zip Code: 60091

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,870
  • Tax Rate Code Area: 23015

    Appraisal Valuation

  • Standard Deviation: 0.2274
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 878,401
  • High Value: 1,078,202
  • Low Value: 678,599

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $560,524
  • First Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Open Lien Mortgage Recording Date: Dec 26, 2019
  • First Open Lien Mortgage Loan Amount: $496,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2050
  • Second Open Lien Mortgage Lender: TCF NATIONAL BANK
  • Second Open Lien Mortgage Recording Date: Mar 31, 2020
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $64,524
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $680,010
  • Market Land Value: $226,880
  • Market Improvement Value: $453,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,001
  • Assessed Land Value: $22,688
  • Assessed Improvements Value: $45,313

    Sales

  • Current Sale Contract Date: Dec 17, 2019
  • Current Sale Recording Date: Dec 26, 2019
  • Current Sale Transaction ID: 11712076486
  • Current Sale Price: $620,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1936057474

    Last Sale Mortgage

  • First Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Mortgage Transaction Date: Dec 26, 2019
  • First Mortgage Loan Amount: $496,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2050

About Wilmette



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Frequently Asked Questions

What neighborhood is 1140 Forest Avenue located in?
The 1140 Forest Avenue is a located in the neighborhood of New Trier in Wilmette, Wilmette.
What is the average sales price for listings in 1140 Forest Avenue?
The average sales price for units in 1140 Forest Avenue is $0 currently.

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