Sold Jan 07, 2021
$496,085
Buyer
Seller
$396,868
by First Centennial Mortgage Corp
Mortgage Due Dec 01, 2050
Sold Jan 07, 2021
$57,000
Buyer
Seller
1798 Banks Drive has been categorized by the local assessors in New Lenox, IL as a residential type of property.
The area measurement of the land has been determined as 12,790 square feet.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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, 1798 Banks Drive sold most recently in Nov 13, 2020 for a total of $496,085. Before that, the property was also sold for $57,000 in Nov 13, 2020. 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 $13,875 in taxes each year. 1798 Banks Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $166,354. If we break it down further, the land itself was valued at $37,233. Improvements to the property, however, were assessed at a total of $129,121. 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.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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, 1798 Banks Drive sold most recently in Nov 13, 2020 for a total of $496,085. Before that, the property was also sold for $57,000 in Nov 13, 2020. 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 $13,875 in taxes each year. 1798 Banks Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $166,354. If we break it down further, the land itself was valued at $37,233. Improvements to the property, however, were assessed at a total of $129,121. 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.
1798 Banks Drive, New Lenox, IL 60451
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