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12 Gale Avenue

12 Gale Avenue, River Forest, IL 60305
Property in River Forest
Sold Mar 06, 2008
$750,000
$750,000 by Bank Of America Na
Mortgage Due Mar 01, 2038
Sold May 22, 2007
Transfer
Local assessors in River Forest, IL have categorized 12 Gale Avenue as a residential type of property. The home was built in 1946 and is 78 years old. The property's lot size has been calculated to be 9,650 square feet. 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 8 rooms in the home. Of these, 4 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 are 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 12 Gale Avenue has a total of 3,480 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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There are 3 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. There are 2 fireplaces in the home which may result in additional cleaning fees for the homeowner. 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, 12 Gale Avenue sold most recently in Jan 24, 2008 for a total of $750,000. If you work out the math, that's approximately a cost of $215.52 per sqft. 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 $21,549 in taxes each year. 12 Gale Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $88,000. If we break it down further, the land itself was valued at $10,374. Improvements to the property, however, were assessed at a total of $77,626. 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. 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.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: 1946
  • Effective Year Built: 1946
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 9,650
  • Total Building Area: 3,480
  • Gross Building Area: 3,480
  • Building Area: 3,480
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 2
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,480
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.222
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SOUTH48 25 FT N193 FT N233 90 FT SE C11

Ownership

  • Current Owner : THOMPSON NICOLE
  • Current Owner 2: THOMPSON TREVONNE
  • Previous Owner : RESIDENTIAL MORTGAGE SOLUTIONS LLC
  • Owner Before Previous Owner: KROTKI JOSEF
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: River Forest School District 90
  • Census Tract: 812000

Geography

  • District: 33
  • Parcel: 15-11-404-029-0000
  • Block: 404
  • Meridian: SEC 11 TWN 39N RNG 12E
  • Municipality: RIVER FOREST
  • Latitude: 41.8797
  • Longitude: -87.8246

    Address

  • Full Address: 12 Gale Ave
  • Address - House Number: 12
  • Address - Street Name: Gale
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: River Forest
  • Carrier Code: C010
  • 4-Digit Zip Code: 2010
  • Zip Code: 60305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $21,549
  • Tax Rate Code Area: 33001

    Appraisal Valuation

  • Standard Deviation: 0.2287
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 1,020,107
  • High Value: 1,253,492
  • Low Value: 786,723

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $850,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Mar 06, 2008
  • First Open Lien Mortgage Loan Amount: $750,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2038
  • Second Open Lien Mortgage Lender: BANK OF AMERICA NA
  • Second Open Lien Mortgage Recording Date: Dec 04, 2018
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Nov 20, 2048

    Market Valuation

  • Market Total Value: $880,000
  • Market Land Value: $103,740
  • Market Improvement Value: $776,260

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $88,000
  • Assessed Land Value: $10,374
  • Assessed Improvements Value: $77,626

    Sales

  • Current Sale Contract Date: Jan 24, 2008
  • Current Sale Recording Date: Mar 06, 2008
  • Current Sale Transaction ID: 1083652743
  • Current Sale Price: $750,000
  • Current Sale Document Type: Corporation Deed
  • Current Sale Input Document Number: 0806655113
  • Previous Sale Recording Date: May 22, 2007
  • Previous Sale Contract Date: May 09, 2007
  • Previous Sale Document Type: Legal Action/Court Order

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Mar 06, 2008
  • First Mortgage Loan Amount: $750,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)
  • First Mortgage Loan Due Date: Mar 01, 2038

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Frequently Asked Questions

What neighborhood is 12 Gale Avenue located in?
The 12 Gale Avenue is a located in the neighborhood of River Forest in River Forest, River Forest.
What is the average sales price for listings in 12 Gale Avenue?
The average sales price for units in 12 Gale Avenue is $0 currently.

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