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2702 Lancaster Drive

2702 Lancaster Drive, Joliet, IL 60433
Property in New Lenox
Sold Aug 05, 1998
$143,000
$189,600 by All American Mortgage Corp
Mortgage Due Jul 01, 2039
Sold Jun 17, 1988
$110,000
2702 Lancaster Drive has been categorized by the local assessors in Joliet, IL as a residential type of property. The area measurement of the land has been determined as 13,835 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2702 Lancaster Drive was last sold in Jul 29, 1998 for $143,000. Prior to that sales transaction, the property was sold for $110,000 in Jun 17, 1988. Current property owners are expected to pay $5,820 in taxes per year. The property on 2702 Lancaster Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $75,773. To break that down further, the land itself was valued at $22,605. While improvements to the property were assessed at a total of $53,168. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can 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: 13,835
  • 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: CHERRY HILLS UNIT #6-A
  • Land Acres: 0.32
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 12 IN CHERRY HILLS SUB UNIT 6-A, SUB OF PRT OF THE NE1/4 OF SEC 18, T35N-R11E.

Ownership

  • Current Owner : JOHNS DENNIS E
  • Previous Owner : DAILEY MICHAEL J
  • Previous Owner 2: DAILEY CAROLYN J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881108

Geography

  • Parcel: 15-08-18-208-002
  • Lot: 12
  • Meridian: SEC 18 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5232
  • Longitude: -88.0129

    Address

  • Full Address: 2702 Lancaster Dr
  • Legal Unit: 6-A
  • Address - House Number: 2702
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: C062
  • 4-Digit Zip Code: 1724
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,820
  • Tax Rate Code Area: 1520

    Appraisal Valuation

  • Standard Deviation: 0.1535
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 296,504
  • High Value: 342,029
  • Low Value: 250,979

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $189,600
  • First Open Lien Mortgage Lender: ALL AMERICAN MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jun 19, 2009
  • First Open Lien Mortgage Loan Amount: $189,600
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2039

    Market Valuation

  • Market Total Value: $227,319
  • Market Land Value: $67,815
  • Market Improvement Value: $159,504

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,773
  • Assessed Land Value: $22,605
  • Assessed Improvements Value: $53,168

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 29, 1998
  • Current Sale Recording Date: Aug 05, 1998
  • Current Sale Transaction ID: 1083069752
  • Current Sale Price: $143,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R98-089789
  • Previous Sale Recording Date: Jun 17, 1988
  • Previous Sale Contract Date: Jun 17, 1988
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: HARRIS TRUST & SVGS BANK
  • First Mortgage Transaction Date: Aug 05, 1998
  • First Mortgage Loan Amount: $114,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Aug 01, 2028

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Will



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Frequently Asked Questions

What neighborhood is 2702 Lancaster Drive located in?
The 2702 Lancaster Drive is a located in the neighborhood of New Lenox in Will, Joliet.
What is the average sales price for listings in 2702 Lancaster Drive?
The average sales price for units in 2702 Lancaster Drive is $0 currently.

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