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1916 Royal Lane

1916 Royal Lane, Aurora, IL 60503
Property in Far Southeast
Sold May 20, 2021
$300,000
$150,000 by United Wholesale Mortgage
Mortgage Due Jun 01, 2036
Sold May 02, 2000
$178,500
$142,700 by Mortgage Bancorp Services
Mortgage Due May 01, 2030
This has been categorized as a residential property type. There are a total of 2 floors. 1916 Royal Lane has 1,070 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. The basement is 1,070 sqft and has been categorized as a finished improved basement. The linear feet across the front of the lot is 640 ft and the linear feet between the front and back of the lot is 1,290. In total, the area measurement of the land is 8,279 square feet.

Learn more about the property and building on this page. For those who need parking, there is a attached garage. There are a total of 2 available parking spaces. The property was last sold in May 5, 2021 for $300,000. That's $280.37 per sqft. Prior to that sales transaction, the property was also sold in Apr 28, 2000 for $178,500. 1916 Royal Lane was last assessed in 2022. The total value of the property was assessed at $96,047. Specifically, the land the property is located on was valued at $24,779. While improvements on the property were assessed at a total of $71,268. 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 $9,065. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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.

Building Features

Exterior

Vinyl Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 1,070
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,279
  • Lot Size Depth Feet: 1,290
  • Lot Size Frontage Feet: 640
  • Total Building Area: 1,070
  • Gross Building Area: 1,070
  • Building Area: 1,070
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,070
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MISTY CREEK
  • Land Acres: 0.19
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LOT 127 MISTY CREEK CITY OF AURORA

Ownership

  • Current Owner : MOLOMAN RADU
  • Previous Owner : KRASCHE KAREN A
  • Previous Owner 2: THE KAREN A KRASCHE TRUST
  • Owner Before Previous Owner: WHEATLAND SINGLE FAMILY LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Oswego Community Unit School District 308
  • Census Tract: 890104

Geography

  • Parcel: 03-01-224-004
  • Lot: 127
  • Municipality: OSWEGO TOWNSHIP
  • Latitude: 41.7205
  • Longitude: -88.2643

    Address

  • Full Address: 1916 Royal Ln
  • Address - House Number: 1916
  • Address - Street Name: Royal
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Aurora
  • Carrier Code: R011
  • 4-Digit Zip Code: 7813
  • Zip Code: 60503

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,065
  • Tax Rate Code Area: OS109

    Appraisal Valuation

  • Standard Deviation: 0.1265
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 85
  • Final Value: 381,713
  • High Value: 430,008
  • Low Value: 333,418

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $150,000
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: May 20, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $150,000
  • 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: Jun 01, 2036

    Market Valuation

  • Market Total Value: $288,141
  • Market Land Value: $74,337
  • Market Improvement Value: $213,804

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $96,047
  • Assessed Land Value: $24,779
  • Assessed Improvements Value: $71,268

    Sales

  • Current Sale Contract Date: May 05, 2021
  • Current Sale Recording Date: May 20, 2021
  • Current Sale Transaction ID: 11835934089
  • Current Sale Price: $300,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 202100012939
  • Previous Sale Recording Date: May 02, 2000
  • Previous Sale Contract Date: Apr 28, 2000
  • Previous Sale Amount: $178,500
  • Previous Sale Document Type: Corporation Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: May 20, 2021
  • First Mortgage Loan Amount: $150,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2036

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE BANCORP SERVICES
  • Previous Mortgage Transaction Date: May 02, 2000
  • Previous Mortgage Loan Amount: $142,700
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: May 01, 2030

About Far Southeast



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Frequently Asked Questions

What neighborhood is 1916 Royal Lane located in?
The 1916 Royal Lane is a located in the neighborhood of Far Southeast in Far Southeast, Aurora.
What is the average sales price for listings in 1916 Royal Lane?
The average sales price for units in 1916 Royal Lane is $0 currently.

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