2941 Park Terrace Drive

2941 Park Terrace Drive in Rockford, IL was first built in 1969 and is 55 years old. This has been categorized as a commercial property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 8 are bedrooms. 2941 Park Terrace Drive has 7,056 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. In total, the area measurement of the land is 18,731 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with a window/unit air conditioning. As for heating, the home 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, 2941 Park Terrace Drive sold most recently in Feb 16, 2018 for a total of $345,000. If you work out the math, that's approximately a cost of $48.89 per sqft. Before that, the property was also sold for $345,000 in Feb 16, 2018. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $13,340 in taxes each year. 2941 Park Terrace Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $107,687. If we break it down further, the land itself was valued at $13,579. Improvements to the property, however, were assessed at a total of $94,108. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.