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16659 West Arbor Terrace

16659 West Arbor Terrace, Lockport, IL 60441
Property in Homer
Sold Aug 11, 2023
$350,000
$332,500 by Fairway Independent Mtg Corp
Mortgage Due Aug 01, 2053
Sold Aug 18, 2017
$275,000
$220,000 by Countryside Bank
Mortgage Due Sep 01, 2047
16659 West Arbor Terrace in Lockport, IL was first built in 1994 and is 30 years old. This has been categorized as a residential property type. It is a single story home. 16659 West Arbor Terrace has 1,743 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 10,423 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. The garage is 600 sqft. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter 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, 16659 West Arbor Terrace was last sold in Jul 28, 2023 for $350,000. According to our calculations, that's $100.37 per sqft. Prior to that sales transaction, the property was sold for $275,000 in Aug 10, 2017. Current property owners are expected to pay $8,850 in taxes per year. The property on 16659 West Arbor Terrace was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $108,562. To break that down further, the land itself was valued at $19,243. While improvements to the property were assessed at a total of $89,319. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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

Condition

New Construction

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 0
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,744
  • Garage Type: Garage
  • Garage Square Area: 600
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,423
  • Total Building Area: 3,487
  • Building Area: 1,743
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,743
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: UNIT 2 OF WHISPERING PINES
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 82 IN WHISPERING PINES UNIT 2, BEING A SUB OF PRT OF THE NW1/4 OF SEC. 18, T36N-R11E.

Ownership

  • Current Owner : TODOROV VIKTOR
  • Previous Owner : SCHMITZ LISA
  • Previous Owner 2: PANOZZO STEPHEN
  • Owner Before Previous Owner: MARQUETTE BANK
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 881001

Geography

  • Parcel: 16-05-18-154-016
  • Lot: 82
  • Meridian: SEC 18 TWN 36N RNG 11E
  • Municipality: HOMER
  • Latitude: 41.6082
  • Longitude: -88.0219

    Address

  • Full Address: 16659 W Arbor Ter
  • Legal Unit: 2
  • Address - House Number: 16659
  • Street Direction: W
  • Address - Street Name: Arbor
  • Address - Suffix Type: Ter
  • State: IL
  • City Name: Lockport
  • Carrier Code: R014
  • 4-Digit Zip Code: 7618
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,850
  • Tax Rate Code Area: 1628

    Appraisal Valuation

  • Standard Deviation: 0.0912
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 92
  • Final Value: 318,788
  • High Value: 347,862
  • Low Value: 289,714

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $332,500
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MTG CORP
  • First Open Lien Mortgage Recording Date: Aug 11, 2023
  • First Open Lien Mortgage Loan Amount: $332,500
  • 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: Aug 01, 2053

    Market Valuation

  • Market Total Value: $325,686
  • Market Land Value: $57,729
  • Market Improvement Value: $267,957

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $108,562
  • Assessed Land Value: $19,243
  • Assessed Improvements Value: $89,319

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 28, 2023
  • Current Sale Recording Date: Aug 11, 2023
  • Current Sale Transaction ID: 11911209066
  • Current Sale Price: $350,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 40939
  • Previous Sale Recording Date: Aug 18, 2017
  • Previous Sale Contract Date: Aug 10, 2017
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MTG CORP
  • First Mortgage Transaction Date: Aug 11, 2023
  • First Mortgage Loan Amount: $332,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: COUNTRYSIDE BANK
  • Previous Mortgage Transaction Date: Aug 18, 2017
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $220,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Sep 01, 2047

About Lockport



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Unit for rent at 1068 Ashley Court N, Lockport, IL, 60441

$1,900 /mo

  • 2 Beds
  • 2 Baths
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1068 Ashley Court N #3A, Lockport, IL, 60441 Listing by Joseph Earl

Frequently Asked Questions

What neighborhood is 16659 West Arbor Terrace located in?
The 16659 West Arbor Terrace is a located in the neighborhood of Homer in Lockport, Lockport.
What is the average sales price for listings in 16659 West Arbor Terrace?
The average sales price for units in 16659 West Arbor Terrace is $0 currently.

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