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1225 Richmond Lane

1225 Richmond Lane, Wilmette, IL 60091
Property in New Trier
Sold May 18, 2023
$1,500,000
$1,200,000 by Jpmorgan Chase Bank Na
Mortgage Due Jun 01, 2053
Sold Jul 23, 2018
$865,000
$735,250 by Recovco Mortgage Management Ll
Mortgage Due Aug 01, 2048
1225 Richmond Lane in Wilmette, IL was first built in 1941 and is 83 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 unknown style. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1225 Richmond Lane has 2,623 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 6,490 square feet.

Learn more about the property and building on this page. The roof of the home is made of materials that we aren't sure of. For those who need parking, there is a attached garage. There is one available parking space. 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 frame 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1225 Richmond Lane was last sold in Apr 27, 2023 for $1,500,000. According to our calculations, that's $571.86 per sqft. Prior to that sales transaction, the property was sold for $865,000 in Jul 16, 2018. Current property owners are expected to pay $24,699 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 1225 Richmond Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $115,001. To break that down further, the land itself was valued at $17,848. While improvements to the property were assessed at a total of $97,153. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Other
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,490
  • Total Building Area: 2,623
  • Gross Building Area: 2,623
  • Building Area: 2,623
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,623
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BLIETZ CONNECTICUT VILLAGE
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (BLIETZ)(CONNECTICUT)(VILLAGE) SUB IN SEC 28-42-13

Ownership

  • Current Owner : BROWN ANDREW
  • Current Owner 2: CLEGG COLLIER F
  • Previous Owner : MADDEN MICHAEL
  • Previous Owner 2: MADDEN JAMIE B
  • Owner Before Previous Owner: WALCHAK EDWARD C
  • Owner Before Previous Owner 2: VOORHEES HEIDI J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: New Trier Township High School District 203
  • Census Tract: 801200

Geography

  • District: 23
  • Parcel: 05-28-407-020-0000
  • Lot: 14
  • Meridian: SEC 28 TWN 42N RNG 13E
  • Municipality: NEW TRIER
  • Latitude: 42.0833
  • Longitude: -87.7136

    Address

  • Full Address: 1225 Richmond Ln
  • Address - House Number: 1225
  • Address - Street Name: Richmond
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Wilmette
  • Carrier Code: C001
  • 4-Digit Zip Code: 1625
  • Zip Code: 60091

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $24,699
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 23015

    Appraisal Valuation

  • Standard Deviation: 0.2259
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 1,233,503
  • High Value: 1,512,202
  • Low Value: 954,805

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,200,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: May 18, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,200,000
  • 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: Jun 01, 2053

    Market Valuation

  • Market Total Value: $1,150,010
  • Market Land Value: $178,480
  • Market Improvement Value: $971,530

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $115,001
  • Assessed Land Value: $17,848
  • Assessed Improvements Value: $97,153

    Sales

  • Current Sale Contract Date: Apr 27, 2023
  • Current Sale Recording Date: May 18, 2023
  • Current Sale Transaction ID: 11906602058
  • Current Sale Price: $1,500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 13267
  • Previous Sale Recording Date: Jul 23, 2018
  • Previous Sale Contract Date: Jul 16, 2018
  • Previous Sale Amount: $865,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: May 18, 2023
  • First Mortgage Loan Amount: $1,200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: RECOVCO MORTGAGE MANAGEMENT LL
  • Previous Mortgage Transaction Date: Jul 23, 2018
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $735,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Aug 01, 2048

About Wilmette



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Frequently Asked Questions

What neighborhood is 1225 Richmond Lane located in?
The 1225 Richmond Lane is a located in the neighborhood of New Trier in Wilmette, Wilmette.
What is the average sales price for listings in 1225 Richmond Lane?
The average sales price for units in 1225 Richmond Lane is $0 currently.

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