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122 North Eastwood Avenue

122 North Eastwood Avenue, Mount Prospect, IL 60056
Property in Wheeling
Sold Aug 02, 2021
$349,000
$331,400 by Inland Bank & Trust
Mortgage Due Aug 01, 2051
Sold Dec 05, 2019
$220,000
122 North Eastwood Avenue has been categorized by the local assessors in Mount Prospect, IL as a residential type of property. The building on the property was first built in 1953 and is 71 years old. The home has a total of 7 rooms. 3 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, 122 North Eastwood Avenue has 1,402 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,508 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow 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 detached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. 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 masonry. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating 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, 122 North Eastwood Avenue sold most recently in Jul 2, 2021 for a total of $349,000. If you work out the math, that's approximately a cost of $248.93 per sqft. Before that, the property was also sold for $220,000 in Nov 8, 2019. 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 $8,175 in taxes each year. 122 North Eastwood Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $34,000. If we break it down further, the land itself was valued at $6,508. Improvements to the property, however, were assessed at a total of $27,492. 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: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • 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: 6,508
  • Total Building Area: 1,402
  • Gross Building Area: 1,402
  • Building Area: 1,402
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,402
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PROSPECT MANOR
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L1 B17 PROSPECT MANOR S3/4 W1/2 S3 4 T42N R11E

Ownership

  • Current Owner : OTTO CHARLES FARRELL
  • Current Owner 2: OTTO HANNAH LEE
  • Previous Owner : LOCKARD DAVID
  • Previous Owner 2: LOCKARD MARCY
  • Owner Before Previous Owner: MCMORROW JOHN E
  • Owner Before Previous Owner 2: JACOBY PATRICIA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802802

Geography

  • District: 38
  • Parcel: 03-34-318-012-0000
  • Block: 18
  • Lot: 1
  • Meridian: SEC 34 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.0698
  • Longitude: -87.9433

    Address

  • Full Address: 122 N Eastwood Ave
  • Address - House Number: 122
  • Street Direction: N
  • Address - Street Name: Eastwood
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C075
  • 4-Digit Zip Code: 2415
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,175
  • Tax Rate Code Area: 38020

    Appraisal Valuation

  • Standard Deviation: 0.2277
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 418,458
  • High Value: 513,756
  • Low Value: 323,160

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $331,400
  • First Open Lien Mortgage Lender: INLAND BANK & TRUST
  • First Open Lien Mortgage Recording Date: Aug 02, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $331,400
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $65,080
  • Market Improvement Value: $274,920

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $6,508
  • Assessed Improvements Value: $27,492

    Sales

  • Current Sale Contract Date: Jul 02, 2021
  • Current Sale Recording Date: Aug 02, 2021
  • Current Sale Transaction ID: 11846810477
  • Current Sale Price: $349,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2121408191
  • Previous Sale Recording Date: Dec 05, 2019
  • Previous Sale Contract Date: Nov 08, 2019
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: INLAND BANK & TRUST
  • First Mortgage Transaction Date: Aug 02, 2021
  • First Mortgage Loan Amount: $331,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Mount Prospect



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 20 S Main Street, Mount Prospect, IL, 60056

$2,750 /mo

  • 2 Beds
  • 2 Baths
  • 1,630 ft²
20 S Main Street #612, Mount Prospect, IL, 60056 Listing by Tadeusz Dolecki

Frequently Asked Questions

What neighborhood is 122 North Eastwood Avenue located in?
The 122 North Eastwood Avenue is a located in the neighborhood of Wheeling in Mount Prospect, Mount Prospect.
What is the average sales price for listings in 122 North Eastwood Avenue?
The average sales price for units in 122 North Eastwood Avenue is $0 currently.

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