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1416 South Austin Boulevard

1416 South Austin Boulevard, Cicero, IL 60804
Property in Cicero
Sold Jul 28, 2021
$405,000
$414,315 by The Federal Savings Bank
Mortgage Due Aug 01, 2051
Sold May 31, 2018
$327,000
$321,077 by The Federal Savings Bank
Mortgage Due Jun 01, 2048
1416 South Austin Boulevard in Cicero, IL was first built in 1942 and is 82 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 multifamily style. There are a total of 2 floors. There are a total of 13 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 5 full bathrooms. There are 5 partial bathrooms. 1416 South Austin Boulevard has 2,916 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 6,150 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. 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 masonry 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 air conditioning. As for heating, the home is utilizing a hot water heating 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, 1416 South Austin Boulevard sold most recently in Jul 23, 2021 for a total of $405,000. If you work out the math, that's approximately a cost of $138.89 per sqft. Before that, the property was also sold for $327,000 in May 9, 2018. 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 $7,702 in taxes each year. 1416 South Austin Boulevard was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $30,750. If we break it down further, the land itself was valued at $6,611. Improvements to the property, however, were assessed at a total of $24,139. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1942
  • Building Count: 1
  • Total Rooms: 13
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 4
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,150
  • Total Building Area: 2,916
  • Gross Building Area: 2,916
  • Building Area: 2,916
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,916
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HYMANS SUB
  • Land Acres: 0.141
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (SUBDIVISION) OF LT 9 BLK 11 IN MANDEL & HYMANS SUB E H NW & WH NE SEC 20-39-13

Ownership

  • Current Owner : MORENO DANIEL
  • Previous Owner : GUERRERO ABRAHAM
  • Owner Before Previous Owner: HOMETOWN PROPERTIES OF ILLINOIS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cicero School District 99
  • Census Tract: 813500

Geography

  • District: 15
  • Parcel: 16-20-122-022-0000
  • Block: 11
  • Lot: 9
  • Meridian: SEC 20 TWN 39N RNG 13E
  • Municipality: CICERO
  • Latitude: 41.8612
  • Longitude: -87.7743

    Address

  • Full Address: 1416 S Austin Blvd
  • Address - House Number: 1416
  • Street Direction: S
  • Address - Street Name: Austin
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Cicero
  • Carrier Code: C018
  • 4-Digit Zip Code: 1003
  • Zip Code: 60804

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,702
  • Tax Rate Code Area: 15001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 322,987
  • High Value: 405,516
  • Low Value: 240,457

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $414,315
  • First Open Lien Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Jul 28, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $414,315
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051

    Market Valuation

  • Market Total Value: $307,500
  • Market Land Value: $66,110
  • Market Improvement Value: $241,390

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,750
  • Assessed Land Value: $6,611
  • Assessed Improvements Value: $24,139

    Sales

  • Current Sale Contract Date: Jul 23, 2021
  • Current Sale Recording Date: Jul 28, 2021
  • Current Sale Transaction ID: 11845939196
  • Current Sale Price: $405,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2120912296
  • Previous Sale Recording Date: May 31, 2018
  • Previous Sale Contract Date: May 09, 2018
  • Previous Sale Amount: $327,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Mortgage Transaction Date: Jul 28, 2021
  • First Mortgage Loan Amount: $414,315
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Aug 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: THE FEDERAL SAVINGS BANK
  • Previous Mortgage Transaction Date: May 31, 2018
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $321,077
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2048

About Cicero



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Frequently Asked Questions

What neighborhood is 1416 South Austin Boulevard located in?
The 1416 South Austin Boulevard is a located in the neighborhood of Cicero in Cicero, Cicero.
What is the average sales price for listings in 1416 South Austin Boulevard?
The average sales price for units in 1416 South Austin Boulevard is $0 currently.

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