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18507 Oakley Avenue

18507 Oakley Avenue, Lansing, IL 60438
Property in Thornton
Sold Oct 16, 2020
$194,000
$155,200 by Blueleaf Lending Llc
Mortgage Due Jul 01, 2035
Sold Jun 03, 1996
$137,000
$78,600 by Security Federal Bank Fsb
Mortgage Due Jun 01, 2026
18507 Oakley Avenue has been categorized by the local assessors in Lansing, IL as a residential type of property. The building on the property was first built in 1966 and is 58 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 18507 Oakley Avenue has 1,753 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,050 ft and across the front of the lot is 800 ft. The area measurement of the land has been determined as 8,400 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of wood. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. 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, 18507 Oakley Avenue sold most recently in Jun 24, 2020 for a total of $194,000. If you work out the math, that's approximately a cost of $110.67 per sqft. Before that, the property was also sold for $137,000 in May 23, 1996. 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 $6,625 in taxes each year. 18507 Oakley Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $22,000. If we break it down further, the land itself was valued at $4,620. Improvements to the property, however, were assessed at a total of $17,380. 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 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. 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.

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,400
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,753
  • Gross Building Area: 1,753
  • Building Area: 1,753
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,753
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FIRST ADD TO LANSING TORRENCE
  • Land Acres: 0.193
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (FIRST) ADD TO (LANSING) (TORRENCE) MANOR SUB OF PT E H SW LYING SLY OF C & GT RR RW EH SW SEC 31-36-15

Ownership

  • Current Owner : LOPEZ RICARDO A
  • Current Owner 2: LOPEZ DONAIDA
  • Previous Owner : MARTA PATRICIA D
  • Owner Before Previous Owner: RATSKOFF RALPH G
  • Owner Before Previous Owner 2: RATSKOFF LINDA M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Thornton Fractional Township High School District 215
  • Census Tract: 828202

Geography

  • District: 37
  • Parcel: 30-31-325-001-0000
  • Lot: 6
  • Meridian: SEC 31 TWN 36N RNG 15E
  • Municipality: THORNTON
  • Latitude: 41.559
  • Longitude: -87.5536

    Address

  • Full Address: 18507 Oakley Ave
  • Address - House Number: 18507
  • Address - Street Name: Oakley
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lansing
  • Carrier Code: C017
  • 4-Digit Zip Code: 2816
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,625
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.2488
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 64
  • Final Value: 254,790
  • High Value: 318,192
  • Low Value: 191,388

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $155,200
  • First Open Lien Mortgage Lender: BLUELEAF LENDING LLC
  • First Open Lien Mortgage Recording Date: Oct 16, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $155,200
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2035

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $46,200
  • Market Improvement Value: $173,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $4,620
  • Assessed Improvements Value: $17,380

    Sales

  • Current Sale Contract Date: Jun 24, 2020
  • Current Sale Recording Date: Oct 16, 2020
  • Current Sale Transaction ID: 11792861170
  • Current Sale Price: $194,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2029006256
  • Previous Sale Recording Date: Jun 03, 1996
  • Previous Sale Contract Date: May 23, 1996
  • Previous Sale Amount: $137,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BLUELEAF LENDING LLC
  • First Mortgage Transaction Date: Oct 16, 2020
  • First Mortgage Loan Amount: $155,200
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2035

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: SECURITY FEDERAL BANK FSB
  • Previous Mortgage Transaction Date: Jun 03, 1996
  • Previous Mortgage Loan Amount: $78,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Jun 01, 2026

About Lansing



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Unit for rent at 3060 Bernice Avenue, Lansing, IL, 60438

$1,800 /mo

  • 3 Beds
  • 1 Bath
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3060 Bernice Avenue #2N, Lansing, IL, 60438 Listing by Michael Scanlon

Frequently Asked Questions

What neighborhood is 18507 Oakley Avenue located in?
The 18507 Oakley Avenue is a located in the neighborhood of Thornton in Lansing, Lansing.
What is the average sales price for listings in 18507 Oakley Avenue?
The average sales price for units in 18507 Oakley Avenue is $0 currently.

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