Check Availability

1512 West Street

1512 West Street, Lockport, IL 60441
House in Lockport
Sold Jan 17, 2019
$136,000
$133,536 by Guaranteed Rate Inc
Mortgage Due Feb 01, 2049
Sold May 30, 2018
$82,000
$100,000 by Terry Tyra
Mortgage
This has been categorized as a residential property type. In total, the area measurement of the land is 6,627 square feet.

Learn more about the property and building on this page. 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, 1512 West Street sold most recently in Jan 14, 2019 for a total of $136,000. Before that, the property was also sold for $82,000 in May 21, 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 $3,412 in taxes each year. 1512 West Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $45,184. If we break it down further, the land itself was valued at $16,605. Improvements to the property, however, were assessed at a total of $28,579. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,627
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JOHNSONS ADDITION TO LOCKPORT
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 15 BLOCK 2 IN R S JOHNSON'S ADD'N TO LOCKPORT, A SUB OF PRT OF THE NE1/4 OF THE NW1/4 OF THE NE1/4 OF SEC 26, T36N-R10E.

Ownership

  • Current Owner : SHEHERD LAUREN
  • Current Owner 2: BUCKLEY SCOTT
  • Previous Owner : FRANKU HOMES LLC
  • Owner Before Previous Owner: PEREZ PAUL R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880701

Geography

  • Parcel: 11-04-26-202-006
  • Block: 2
  • Lot: 15
  • Meridian: SEC 26 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.5815
  • Longitude: -88.0519

    Address

  • Full Address: 1512 West St
  • Address - House Number: 1512
  • Address - Street Name: West
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lockport
  • Carrier Code: C003
  • 4-Digit Zip Code: 4487
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,412
  • Tax Rate Code Area: 1110

    Appraisal Valuation

  • Standard Deviation: 0.1675
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 78
  • Final Value: 182,645
  • High Value: 213,254
  • Low Value: 152,037

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $133,536
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Jan 17, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $133,536
  • 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: Feb 01, 2049

    Market Valuation

  • Market Total Value: $135,552
  • Market Land Value: $49,815
  • Market Improvement Value: $85,737

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $45,184
  • Assessed Land Value: $16,605
  • Assessed Improvements Value: $28,579

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 14, 2019
  • Current Sale Recording Date: Jan 17, 2019
  • Current Sale Transaction ID: 11561373384
  • Current Sale Price: $136,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2019003332
  • Previous Sale Recording Date: May 30, 2018
  • Previous Sale Contract Date: May 21, 2018
  • Previous Sale Amount: $82,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Jan 17, 2019
  • First Mortgage Loan Amount: $133,536
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Feb 01, 2049

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: TERRY TYRA
  • Previous Mortgage Transaction Date: May 30, 2018
  • Previous Mortgage Loan Amount: $100,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Lockport



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1512 West Street located in?
The 1512 West Street is a house located in the neighborhood of Lockport in Lockport, Lockport.
What is the average sales price for listings in 1512 West Street?
The average sales price for units in 1512 West Street is $0 currently.

Quantcast