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117 Terrace Drive

117 Terrace Drive, Dekalb, IL 60115
Property in DeKalb
Sold Mar 18, 2013
$68,500
$66,112 by Quicken Loans Inc
Mortgage
Sold May 29, 2012
Transfer
Local assessors in Dekalb, IL have categorized 117 Terrace Drive as a residential type of property. The home was built in 1955 and is 69 years old. The property's lot size has been calculated to be 10,348 square feet. The linear feet between the front and back of the lot was measured at 1,550 ft and the front of the lot was measured at 650 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 117 Terrace Drive has a total of 1,300 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. 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, 117 Terrace Drive sold most recently in Feb 15, 2013 for a total of $68,500. 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 $3,267 in taxes each year. 117 Terrace Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $41,983. If we break it down further, the land itself was valued at $8,754. Improvements to the property, however, were assessed at a total of $33,229. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Full Bathrooms: 1
  • Building Style: Unknown
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,348
  • Lot Size Depth Feet: 1,550
  • Lot Size Frontage Feet: 650
  • Total Building Area: 0
  • Building Area: 1,300
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,300
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TILTON PARK SUB - 1ST ADDITION
  • Land Acres: 0.238
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TILTON PARK SUB - 1ST ADDITION - LOT 5 BLOCK 10

Ownership

  • Current Owner : FRAZIER SHAWN
  • Current Owner 2: FRAZIER TERRY
  • Previous Owner : FANNIE MAE
  • Owner Before Previous Owner: DEKALB COUNTY SHERIFF
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: DeKalb Community Unit School District 428
  • Census Tract: 000900

Geography

  • Account Number: 0814179004
  • District: DK
  • Parcel: 08-14-179-004
  • Block: 10
  • Lot: 5
  • Municipality: DEKALB
  • Latitude: 41.947
  • Longitude: -88.7443

    Address

  • Full Address: 117 Terrace Dr
  • Address - House Number: 117
  • Address - Street Name: Terrace
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Dekalb
  • Carrier Code: C011
  • 4-Digit Zip Code: 1935
  • Zip Code: 60115

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,267
  • Tax Rate Code Area: DK12

    Appraisal Valuation

  • Standard Deviation: 0.1923
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 167,177
  • High Value: 199,335
  • Low Value: 135,019

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $66,112
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: Mar 18, 2013
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $66,112
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA

    Market Valuation

  • Market Total Value: $125,949
  • Market Land Value: $26,262
  • Market Improvement Value: $99,687

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,983
  • Assessed Land Value: $8,754
  • Assessed Improvements Value: $33,229

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 15, 2013
  • Current Sale Recording Date: Mar 18, 2013
  • Current Sale Transaction ID: 1135038793
  • Current Sale Price: $68,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2013003447
  • Previous Sale Recording Date: May 29, 2012
  • Previous Sale Contract Date: May 08, 2012
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: Mar 18, 2013
  • First Mortgage Loan Amount: $66,112
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Financing

  • First Mortgage Financing Type: Fixed Rate

About DeKalb



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Frequently Asked Questions

What neighborhood is 117 Terrace Drive located in?
The 117 Terrace Drive is a located in the neighborhood of DeKalb in DeKalb, Dekalb.
What is the average sales price for listings in 117 Terrace Drive?
The average sales price for units in 117 Terrace Drive is $0 currently.

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