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1762 Banks Drive

1762 Banks Drive, New Lenox, IL 60451
Property in New Lenox
Sold Dec 18, 2020
$433,855
$250,000 by Marquette Bank
Mortgage Due Nov 01, 2050
Sold Dec 18, 2020
$65,000
Local assessors in New Lenox, IL have categorized 1762 Banks Drive as a residential type of property. The property's lot size has been calculated to be 10,640 square feet.

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 property was last sold in Oct 29, 2020 for $433,855. Prior to that sales transaction, the property was also sold in Dec 2, 2020 for $65,000. 1762 Banks Drive was last assessed in 2022. The total value of the property was assessed at $147,789. Specifically, the land the property is located on was valued at $37,233. While improvements on the property were assessed at a total of $110,556. 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 $12,268. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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

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

    Dimensions

  • Lot Size Square Feet: 10,640
  • 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: JACOB'S FIELD UNIT 2 PUD
  • Land Acres: 0.244
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 37 IN JACOB'S FIELD UNIT 2 PUD, BEING A SUB OF PRT OF THE W1/2 OF THE SW1/4 OF SEC. 29, T35N-R11E.

Ownership

  • Current Owner : BURK CHARLES
  • Current Owner 2: BURK DEBORAH M
  • Previous Owner : VFLAHERTY BUILDERS INCORPORATED
  • Owner Before Previous Owner: JACOBS FIELD II LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust

Neighborhood

  • School District Name: Union School District 81
  • Census Tract: 881109

Geography

  • Parcel: 15-08-29-304-006
  • Lot: 37
  • Meridian: SEC 29 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.4855
  • Longitude: -87.9988

    Address

  • Full Address: 1762 Banks Dr
  • Legal Unit: 2
  • Address - House Number: 1762
  • Address - Street Name: Banks
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: New Lenox
  • Carrier Code: R015
  • 4-Digit Zip Code: 4118
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,268
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1696
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 78
  • Final Value: 441,642
  • High Value: 516,578
  • Low Value: 366,705

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $250,000
  • First Open Lien Mortgage Lender: MARQUETTE BANK
  • First Open Lien Mortgage Recording Date: Dec 18, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $250,000
  • 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: Nov 01, 2050

    Market Valuation

  • Market Total Value: $443,367
  • Market Land Value: $111,699
  • Market Improvement Value: $331,668

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $147,789
  • Assessed Land Value: $37,233
  • Assessed Improvements Value: $110,556

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 29, 2020
  • Current Sale Recording Date: Dec 18, 2020
  • Current Sale Transaction ID: 11808013275
  • Current Sale Price: $433,855
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2020115867
  • Previous Sale Recording Date: Dec 18, 2020
  • Previous Sale Contract Date: Dec 02, 2020
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MARQUETTE BANK
  • First Mortgage Transaction Date: Dec 18, 2020
  • First Mortgage Loan Amount: $250,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

About New Lenox



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Frequently Asked Questions

What neighborhood is 1762 Banks Drive located in?
The 1762 Banks Drive is a located in the neighborhood of New Lenox in New Lenox, New Lenox.
What is the average sales price for listings in 1762 Banks Drive?
The average sales price for units in 1762 Banks Drive is $0 currently.

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