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1223 Orchard Avenue

1223 Orchard Avenue, Chicago Heights, IL 60411
Property in Bloom
Sold Aug 02, 2005
$132,000
$129,920 by American Home Mortgage Corp
Mortgage Due Aug 01, 2035
1223 Orchard Avenue has been categorized by the local assessors in Chicago Heights, IL as a residential type of property. The building on the property was first built in 1952 and is 72 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1223 Orchard Avenue has 974 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,270 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 7,680 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown 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 wood. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal 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, 1223 Orchard Avenue sold most recently in Jul 18, 2005 for a total of $132,000. If you work out the math, that's approximately a cost of $135.52 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 $0 in taxes each year. 1223 Orchard Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $10,176. If we break it down further, the land itself was valued at $2,880. Improvements to the property, however, were assessed at a total of $7,296. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,680
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 600
  • Total Building Area: 974
  • Gross Building Area: 974
  • Building Area: 974
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 974
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LINCOLN HWY
  • Land Acres: 0.176
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : WALLACE GREGORY L
  • Current Owner 2: WALLACE JULIA
  • Previous Owner : LATOUR MARK B
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Heights School District 170
  • Census Tract: 829301

Geography

  • District: 12
  • Parcel: 32-19-208-006-0000
  • Block: 1
  • Lot: 6
  • Meridian: SEC 19 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.5087
  • Longitude: -87.6577

    Address

  • Full Address: 1223 Orchard Ave
  • Address - House Number: 1223
  • Address - Street Name: Orchard
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago Heights
  • Carrier Code: C038
  • 4-Digit Zip Code: 2426
  • Zip Code: 60411

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 12028

    Appraisal Valuation

  • Standard Deviation: 0.2653
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 143,160
  • High Value: 181,154
  • Low Value: 105,166

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $137,412
  • First Open Lien Mortgage Lender: AMERICAN HOME MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Aug 02, 2005
  • First Open Lien Mortgage Loan Amount: $129,920
  • 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: Aug 01, 2035
  • Second Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • Second Open Lien Mortgage Recording Date: Oct 17, 2016
  • Second Open Lien Mortgage Loan Amount: $7,492
  • Second Open Lien Mortgage Term: 321
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Aug 01, 2043

    Market Valuation

  • Market Total Value: $101,760
  • Market Land Value: $28,800
  • Market Improvement Value: $72,960

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,176
  • Assessed Land Value: $2,880
  • Assessed Improvements Value: $7,296

    Sales

  • Current Sale Contract Date: Jul 18, 2005
  • Current Sale Recording Date: Aug 02, 2005
  • Current Sale Transaction ID: 1134685708
  • Current Sale Price: $132,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 0521441124

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN HOME MORTGAGE CORP
  • First Mortgage Transaction Date: Aug 02, 2005
  • First Mortgage Loan Amount: $129,920
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2035

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Frequently Asked Questions

What neighborhood is 1223 Orchard Avenue located in?
The 1223 Orchard Avenue is a located in the neighborhood of Bloom in Chicago Heights, Chicago Heights.
What is the average sales price for listings in 1223 Orchard Avenue?
The average sales price for units in 1223 Orchard Avenue is $0 currently.

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