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2614 Oak Street

2614 Oak Street, Franklin Park, IL 60131
Sold Apr 07, 2022
$280,000
$271,600 by Bay Equity Llc
Mortgage Due Apr 01, 2052
Sold Apr 07, 2022
$280,000
$271,600 by Bay Equity Llc
Mortgage Due Apr 01, 2052
2614 Oak Street has been categorized by the local assessors in Franklin Park, IL as a residential type of property. The building on the property was first built in 1928 and is 96 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2614 Oak Street has 1,150 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 1,250 ft and across the front of the lot is 350 ft. The area measurement of the land has been determined as 4,375 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 detached 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 masonry 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 masonry. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system. Finally, the property is currently sourcing its water from a municipal system. The property was last sold in Feb 15, 2022 for $280,000. That's $243.48 per sqft. Prior to that sales transaction, the property was also sold in Feb 15, 2022 for $280,000. 2614 Oak Street was last assessed in 2023. The total value of the property was assessed at $25,001. Specifically, the land the property is located on was valued at $3,938. While improvements on the property were assessed at a total of $21,063. 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 $6,769. 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! 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

Brick Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,375
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 350
  • Total Building Area: 1,150
  • Gross Building Area: 1,150
  • Building Area: 1,150
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,150
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MCINTOSH COS RIVER PARK
  • Land Acres: 0.1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WALTER G (MCINTOSH) COS (RIVER)(PARK) ADD SUB PT FRAC L SEC27 & PT NE SEC34 NIBL PT LAFRAMBOISE RES & E200FT BLK27 ALL BLK30

Ownership

  • Current Owner : GRAJALES MIGUEL A ALZATE
  • Previous Owner : POZNANSKI JERZY
  • Owner Before Previous Owner: POZNANSKI JERZY

Neighborhood

  • School District Name: Franklin Park School District 84
  • Census Tract: 811200

Geography

  • District: 20
  • Parcel: 12-27-400-042-0000
  • Block: 27,30
  • Lot: 23
  • Meridian: SEC 27 TWN 40N RNG 12E
  • Municipality: LEYDEN
  • Latitude: 41.9276
  • Longitude: -87.8544

    Address

  • Full Address: 2614 Oak St
  • Address - House Number: 2614
  • Address - Street Name: Oak
  • Address - Suffix Type: St
  • State: IL
  • City Name: Franklin Park
  • Carrier Code: C006
  • 4-Digit Zip Code: 3425
  • Zip Code: 60131

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,769
  • Tax Rate Code Area: 20028

    Appraisal Valuation

  • Standard Deviation: 0.2082
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 71
  • Final Value: 310,783
  • High Value: 375,510
  • Low Value: 246,057

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $271,600
  • First Open Lien Mortgage Lender: BAY EQUITY LLC
  • First Open Lien Mortgage Recording Date: Apr 07, 2022
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $271,600
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2052

    Market Valuation

  • Market Total Value: $250,010
  • Market Land Value: $39,380
  • Market Improvement Value: $210,630

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,001
  • Assessed Land Value: $3,938
  • Assessed Improvements Value: $21,063

    Sales

  • Current Sale Contract Date: Feb 15, 2022
  • Current Sale Recording Date: Apr 07, 2022
  • Current Sale Transaction ID: 11889949268
  • Current Sale Price: $280,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2209733254
  • Previous Sale Recording Date: Apr 07, 2022
  • Previous Sale Contract Date: Feb 15, 2022
  • Previous Sale Amount: $280,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BAY EQUITY LLC
  • First Mortgage Transaction Date: Apr 07, 2022
  • First Mortgage Loan Amount: $271,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Apr 01, 2052

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: BAY EQUITY LLC
  • Previous Mortgage Transaction Date: Apr 07, 2022
  • Previous Mortgage Loan Amount: $271,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Apr 01, 2052

About Franklin Park



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Nearby Rentals

Unit for rent at

$3,000 /mo

  • 1 Bed
  • 1 Bath
Listing by Manager

Frequently Asked Questions

What neighborhood is 2614 Oak Street located in?
The 2614 Oak Street is a house located in the neighborhood of Franklin Park in Franklin Park, Franklin Park.
What is the average sales price for listings in 2614 Oak Street?
The average sales price for units in 2614 Oak Street is $0 currently.

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