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1260 Olive Road

1260 Olive Road, Homewood, IL 60430
Property in Thornton
Sold Feb 05, 2018
$227,000
$176,200 by Nationstar Mortgage Llc
Mortgage Due Jan 07, 2037
Sold Oct 13, 2005
$242,000
$193,600 by First Franklin
Mortgage Due Oct 01, 2035
1260 Olive Road in Homewood, IL was first built in 1930 and is 94 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 ranch/rambler 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 2 partial bathrooms. 1260 Olive Road has 1,974 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. The linear feet across the front of the lot is 530 ft and the linear feet between the front and back of the lot is 1,650. In total, the area measurement of the land is 8,662 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a municipal system. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. 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 wood. Walk into the home itself and you'll find that it is currently being cooled with 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. The property was last sold in Jan 26, 2018 for $227,000. That's $114.99 per sqft. Prior to that sales transaction, the property was also sold in Sep 23, 2005 for $242,000. 1260 Olive Road was last assessed in 2023. The total value of the property was assessed at $25,000. Specifically, the land the property is located on was valued at $3,465. While improvements on the property were assessed at a total of $21,535. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $9,221. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • 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: 2

    Dimensions

  • Lot Size Square Feet: 8,662
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 530
  • Total Building Area: 1,974
  • Gross Building Area: 1,974
  • Building Area: 1,974
  • Building Area Measurement: Living Area

    Heating and Cooling

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

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HIRD ADD
  • Land Acres: 0.199
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (RESUBDIVISION) OF LOTS 19-21 IN ROBERTSON & YOUNGS T HIRD ADD TO HOMEWOOD SUB OF PT LYING S OF HOMEWOOD & THORNTON RD & E OF

Ownership

  • Current Owner : KENTNER JANET
  • Previous Owner : SCHWARTZ ROBERT
  • Previous Owner 2: SCHWARTZ KATHLEEN
  • Owner Before Previous Owner: JAQUES JEFFREY C
  • Owner Before Previous Owner 2: JAQUES CAROL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Homewood-Flossmoor Community High School District 233
  • Census Tract: 828402

Geography

  • District: 37
  • Parcel: 29-32-308-018-0000
  • Block: 3
  • Lot: 19-21
  • Meridian: SEC 32 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.5595
  • Longitude: -87.6484

    Address

  • Full Address: 1260 Olive Rd
  • Address - House Number: 1260
  • Address - Street Name: Olive
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Homewood
  • Carrier Code: C015
  • 4-Digit Zip Code: 2408
  • Zip Code: 60430

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,221
  • Tax Rate Code Area: 37069

    Appraisal Valuation

  • Standard Deviation: 0.211
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 71
  • Final Value: 336,477
  • High Value: 407,480
  • Low Value: 265,474

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $176,200
  • First Open Lien Mortgage Lender: NATIONSTAR MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jan 05, 2022
  • First Open Lien Mortgage Loan Amount: $176,200
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Jan 07, 2037

    Market Valuation

  • Market Total Value: $250,000
  • Market Land Value: $34,650
  • Market Improvement Value: $215,350

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,000
  • Assessed Land Value: $3,465
  • Assessed Improvements Value: $21,535

    Sales

  • Current Sale Contract Date: Jan 26, 2018
  • Current Sale Recording Date: Feb 05, 2018
  • Current Sale Transaction ID: 11390422535
  • Current Sale Price: $227,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1803645013
  • Previous Sale Recording Date: Oct 13, 2005
  • Previous Sale Contract Date: Sep 23, 2005
  • Previous Sale Amount: $242,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE AFFINITY LLC
  • First Mortgage Transaction Date: Feb 05, 2018
  • First Mortgage Loan Amount: $181,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2048

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST FRANKLIN
  • Previous Mortgage Transaction Date: Oct 13, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $193,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Oct 01, 2035

About Homewood



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Nearby Rentals

Unit for rent at

$1,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,801 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 1260 Olive Road located in?
The 1260 Olive Road is a located in the neighborhood of Thornton in Homewood, Homewood.
What is the average sales price for listings in 1260 Olive Road?
The average sales price for units in 1260 Olive Road is $0 currently.

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