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2886 Hearthstone Way

2886 Hearthstone Way, Rockford, IL 61114
Property in Northeast
Sold Aug 08, 2023
$189,000
$180,500 by First Centennial Mortgage Corp
Mortgage Due Sep 01, 2053
2886 Hearthstone Way in Rockford, IL was first built in 1978 and is 46 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a colonial style. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 2886 Hearthstone Way has 1,888 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 800 sqft and has been categorized as a full basement. In total, the area measurement of the land is 16,553 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of asphalt. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a attached garage. The garage is 528 sqft. There is one available parking space. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as good. The exterior walls of the home are made of alum/vinyl siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Jul 31, 2023 for $189,000. That's $58.77 per sqft. 2886 Hearthstone Way was last assessed in 2022. The total value of the property was assessed at $54,455. Specifically, the land the property is located on was valued at $9,783. While improvements on the property were assessed at a total of $44,672. 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 $0. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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
Stone Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Good
  • Building Quality: B
  • Building Style: Colonial
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Full basement
  • Basement Area: 800
  • Garage Type: Attached
  • Garage Square Area: 528
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 16,553
  • Total Building Area: 3,216
  • Gross Building Area: 3,216
  • Building Area: 1,888
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,888
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MEADOW RIDGE SUB NO 2
  • Land Acres: 0.38
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MEADOW RIDGE SUB NO 2 SW 1/4 SEC 10-44-2 LOT 038

Ownership

  • Current Owner : PETERSEN DANIEL C
  • Previous Owner : PETERSEN DORIS V
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 000510

Zoning

  • Zoning: R1

Geography

  • Parcel: 12-10-301-031
  • Lot: 038
  • Meridian: SEC 10 TWN 44 RANGE 2
  • Municipality: ROCKFORD
  • Latitude: 42.3025
  • Longitude: -88.9991

    Address

  • Full Address: 2886 Hearthstone Way
  • Address - House Number: 2886
  • Address - Street Name: Hearthstone
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Rockford
  • Carrier Code: R016
  • 4-Digit Zip Code: 6518
  • Zip Code: 61114

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.1197
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 87
  • Final Value: 169,797
  • High Value: 190,129
  • Low Value: 149,465

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $180,500
  • First Open Lien Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Aug 08, 2023
  • First Open Lien Mortgage Loan Amount: $180,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2053

    Market Valuation

  • Market Total Value: $163,365
  • Market Land Value: $29,349
  • Market Improvement Value: $134,016

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,455
  • Assessed Land Value: $9,783
  • Assessed Improvements Value: $44,672

    Sales

  • Current Sale Contract Date: Jul 31, 2023
  • Current Sale Recording Date: Aug 08, 2023
  • Current Sale Transaction ID: 11911106628
  • Current Sale Price: $189,000
  • Current Sale Document Type: Executor's Deed
  • Current Sale Input Document Number: 17911

    Last Sale Mortgage

  • First Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • First Mortgage Transaction Date: Aug 08, 2023
  • First Mortgage Loan Amount: $180,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2053

About Northeast



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Frequently Asked Questions

What neighborhood is 2886 Hearthstone Way located in?
The 2886 Hearthstone Way is a located in the neighborhood of Northeast in Northeast, Rockford.
What is the average sales price for listings in 2886 Hearthstone Way?
The average sales price for units in 2886 Hearthstone Way is $0 currently.

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