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1332 South Prospect Avenue

1332 South Prospect Avenue, Park Ridge, IL 60068
Sold Jun 04, 2020
$480,000
$440,800 by Cibc Bank Usa
Mortgage Due May 01, 2050
Sold Dec 11, 2018
$303,000
$341,250 by Finance Of America Commercial
Mortgage Due Dec 01, 2019
1332 South Prospect Avenue has been categorized by the local assessors in Park Ridge, IL as a residential type of property. The building on the property was first built in 1956 and is 68 years old. The home has a total of 7 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. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1332 South Prospect Avenue has 1,372 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 6,650 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 attached garage for those who require parking. According to our sources, there is one available parking space. 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 masonry 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. 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, 1332 South Prospect Avenue was last sold in Apr 21, 2020 for $480,000. According to our calculations, that's $349.85 per sqft. Prior to that sales transaction, the property was sold for $303,000 in Nov 1, 2018. Current property owners are expected to pay $8,687 in taxes per year. The property on 1332 South Prospect Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $38,362. To break that down further, the land itself was valued at $9,310. While improvements to the property were assessed at a total of $29,052. 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.

Building Features

Exterior

Brick Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,650
  • Total Building Area: 1,372
  • Gross Building Area: 1,372
  • Building Area: 1,372
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,372
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BERRY & COS PARK RIDGE TERRACE NUMBER1
  • Land Acres: 0.153
  • Standard Land Use Code: Single family residential
  • Legal Description 1: H ROY (BERRY) & COS PARK RIDGE TERRACE (NUMBER1) SUB OF PT SEC 02-40-12

Ownership

  • Current Owner : CHICAGO TITLE LAND TRUST COMPANY
  • Previous Owner : 3 BILLS PROPERTIES LLC
  • Owner Before Previous Owner: CHICAGO TITLE LAND TRUST CO
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Park Ridge Consolidated Community School District 64
  • Census Tract: 810400

Geography

  • District: 26
  • Parcel: 12-02-213-018-0000
  • Lot: 207
  • Meridian: SEC 02 TWN 40N RNG 12E
  • Municipality: NORWOOD PARK
  • Latitude: 41.9939
  • Longitude: -87.8331

    Address

  • Full Address: 1332 S Prospect Ave
  • Address - House Number: 1332
  • Street Direction: S
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Park Ridge
  • Carrier Code: C021
  • 4-Digit Zip Code: 5383
  • Zip Code: 60068

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,687
  • Tax Rate Code Area: 26008

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 469,800
  • High Value: 577,074
  • Low Value: 362,526

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $440,800
  • First Open Lien Mortgage Lender: CIBC BANK USA
  • First Open Lien Mortgage Recording Date: Jun 04, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $440,800
  • 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: May 01, 2050

    Market Valuation

  • Market Total Value: $383,620
  • Market Land Value: $93,100
  • Market Improvement Value: $290,520

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,362
  • Assessed Land Value: $9,310
  • Assessed Improvements Value: $29,052

    Sales

  • Current Sale Contract Date: Apr 21, 2020
  • Current Sale Recording Date: Jun 04, 2020
  • Current Sale Transaction ID: 11764047695
  • Current Sale Price: $480,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2015657199
  • Previous Sale Recording Date: Dec 11, 2018
  • Previous Sale Contract Date: Nov 01, 2018
  • Previous Sale Amount: $303,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CIBC BANK USA
  • First Mortgage Transaction Date: Jun 04, 2020
  • First Mortgage Loan Amount: $440,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: FINANCE OF AMERICA COMMERCIAL
  • Previous Mortgage Transaction Date: Dec 11, 2018
  • Previous Mortgage Loan Amount: $341,250
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Dec 01, 2019

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Frequently Asked Questions

What neighborhood is 1332 South Prospect Avenue located in?
The 1332 South Prospect Avenue is a house located in the neighborhood of Norwood Park in Park Ridge, Park Ridge.
What is the average sales price for listings in 1332 South Prospect Avenue?
The average sales price for units in 1332 South Prospect Avenue is $0 currently.

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