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15521 Park Lane

15521 Park Lane, South Holland, IL 60473
Property in Thornton
Sold Dec 08, 2015
Transfer
$113,124 by Legacy Mortgage Corp
Mortgage Due Jun 01, 2034
Sold May 06, 2004
$115,000
$113,124 by Legacy Mortgage Corp
Mortgage Due Jun 01, 2034
Local assessors in South Holland, IL have categorized 15521 Park Lane as a residential type of property. The home was built in 1955 and is 69 years old. The property's lot size has been calculated to be 11,142 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bungalow style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 15521 Park Lane has a total of 1,128 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. Prior to that sales transaction, the property was also sold in May 4, 2004 for $115,000. 15521 Park Lane was last assessed in 2023. The total value of the property was assessed at $15,000. Specifically, the land the property is located on was valued at $4,735. While improvements on the property were assessed at a total of $10,265. 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 $5,985. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Wood
  • 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: 11,142
  • Total Building Area: 1,128
  • Gross Building Area: 1,128
  • Building Area: 1,128
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,128
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TERRACE SUB
  • Land Acres: 0.256
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (PARK) TERRACE SUB OF PTS OF LOTS 3-5 IN ROEL VANVURE NS SUB OF SE SEC 10 & NE & PT OF NW & PT OF SE OF SE SEC 15 SEC 15-36-1

Ownership

  • Current Owner : THE SECRETARY OF HOUSING & URBAN DEVELOP
  • Previous Owner : RANDALL KEABONDA
  • Owner Before Previous Owner: WERNER MARGARET C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Thornton Township High School District 205
  • Census Tract: 826301

Geography

  • District: 37
  • Parcel: 29-15-208-004-0000
  • Lot: 3-5
  • Meridian: SEC 15 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.6132
  • Longitude: -87.6033

    Address

  • Full Address: 15521 Park Ln
  • Address - House Number: 15521
  • Address - Street Name: Park
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: South Holland
  • Carrier Code: C012
  • 4-Digit Zip Code: 1368
  • Zip Code: 60473

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,985
  • Tax Rate Code Area: 37059

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 180,129
  • High Value: 221,260
  • Low Value: 138,998

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $113,124
  • First Open Lien Mortgage Lender: LEGACY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: May 06, 2004
  • First Open Lien Mortgage Loan Amount: $113,124
  • 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: Jun 01, 2034

    Market Valuation

  • Market Total Value: $150,000
  • Market Land Value: $47,350
  • Market Improvement Value: $102,650

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,000
  • Assessed Land Value: $4,735
  • Assessed Improvements Value: $10,265

    Sales

  • Current Sale Contract Date: May 29, 2015
  • Current Sale Recording Date: Dec 08, 2015
  • Current Sale Transaction ID: 1366776344
  • Current Sale Document Type: Sheriff's Deed
  • Current Sale Input Document Number: 1534245048
  • Previous Sale Recording Date: May 06, 2004
  • Previous Sale Contract Date: May 04, 2004
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: LEGACY MORTGAGE CORP
  • Previous Mortgage Transaction Date: May 06, 2004
  • Previous Mortgage Loan Amount: $113,124
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2034

About South Holland



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Frequently Asked Questions

What neighborhood is 15521 Park Lane located in?
The 15521 Park Lane is a located in the neighborhood of Thornton in South Holland, South Holland.
What is the average sales price for listings in 15521 Park Lane?
The average sales price for units in 15521 Park Lane is $0 currently.

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