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13314 South 88th Avenue

13314 South 88th Avenue, Orland Park, IL 60462
Property in Palos
Sold Apr 22, 2021
$340,000
$333,841 by Stearns Lending Llc
Mortgage Due May 01, 2051
Sold Jun 02, 2008
Transfer
$243,600 by Fifth Third Mortgage Co
Mortgage Due Jun 01, 2038
13314 South 88th Avenue has been categorized by the local assessors in Orland Park, IL as a residential type of property. The building on the property was first built in 1980 and is 44 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. In addition, 13314 South 88th Avenue has 1,305 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 11,250 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level 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 attached 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. There is a single fireplace in the home. Perfect for those wintery nights. 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, 13314 South 88th Avenue sold most recently in Apr 8, 2021 for a total of $340,000. If you work out the math, that's approximately a cost of $260.54 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 $6,292 in taxes each year. 13314 South 88th Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $33,000. If we break it down further, the land itself was valued at $8,719. Improvements to the property, however, were assessed at a total of $24,281. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1980
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,250
  • Total Building Area: 1,305
  • Gross Building Area: 1,305
  • Building Area: 1,305
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,305
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ORLAND ON THE GREEN UNIT1
  • Land Acres: 0.258
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (ORLAND) ON THE (GREEN) (UNIT1) SUB OF SE SE SEC 34-37-12

Ownership

  • Current Owner : SHAKER OMAR
  • Previous Owner : MOLLOY DENNIS J
  • Previous Owner 2: MOLLOY MARY L
  • Owner Before Previous Owner: CHICAGO TITLE LAND TRUST CO
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Consolidated High School District 230
  • Census Tract: 823903

Geography

  • District: 30
  • Parcel: 23-34-406-009-0000
  • Lot: 65
  • Meridian: SEC 34 TWN 37N RNG 12E
  • Municipality: PALOS
  • Latitude: 41.6484
  • Longitude: -87.8349

    Address

  • Full Address: 13314 S 88th Ave
  • Legal Unit: 1
  • Address - House Number: 13314
  • Street Direction: S
  • Address - Street Name: 88th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Orland Park
  • Carrier Code: C019
  • 4-Digit Zip Code: 6404
  • Zip Code: 60462

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,292
  • Tax Rate Code Area: 30042

    Appraisal Valuation

  • Standard Deviation: 0.226
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 367,788
  • High Value: 450,913
  • Low Value: 284,663

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $333,841
  • First Open Lien Mortgage Lender: STEARNS LENDING LLC
  • First Open Lien Mortgage Recording Date: Apr 22, 2021
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $333,841
  • 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: May 01, 2051

    Market Valuation

  • Market Total Value: $330,000
  • Market Land Value: $87,190
  • Market Improvement Value: $242,810

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,000
  • Assessed Land Value: $8,719
  • Assessed Improvements Value: $24,281

    Sales

  • Current Sale Contract Date: Apr 08, 2021
  • Current Sale Recording Date: Apr 22, 2021
  • Current Sale Transaction ID: 11831908783
  • Current Sale Price: $340,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2111257052
  • Previous Sale Recording Date: Jun 02, 2008
  • Previous Sale Contract Date: May 22, 2008
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: STEARNS LENDING LLC
  • First Mortgage Transaction Date: Apr 22, 2021
  • First Mortgage Loan Amount: $333,841
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2051

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: FIFTH THIRD MORTGAGE CO
  • Previous Mortgage Transaction Date: Jun 02, 2008
  • Previous Mortgage Loan Amount: $243,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2038

About Orland Park



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Frequently Asked Questions

What neighborhood is 13314 South 88th Avenue located in?
The 13314 South 88th Avenue is a located in the neighborhood of Palos in Orland Park, Orland Park.
What is the average sales price for listings in 13314 South 88th Avenue?
The average sales price for units in 13314 South 88th Avenue is $0 currently.

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