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3 Penny Lane

3 Penny Lane, Oakwood, IL 61858
Property in Oakwood
Local assessors in Oakwood, IL have categorized 3 Penny Lane as a residential type of property. The property's lot size has been calculated to be 81,893 square feet.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $2,100 in taxes per year. The property on 3 Penny Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $36,279. To break that down further, the land itself was valued at $4,835. While improvements to the property were assessed at a total of $31,444. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 81,893
  • 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: ALEXNICK ACRES
  • Land Acres: 1.88
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ALEXNICK ACRES IRR TR 1.88A TR 1

Ownership

  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Irrevocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Oakwood Community Unit School District 76
  • Census Tract: 010800

Geography

  • District: OK
  • Subdivision Tract Number: 1
  • Parcel: 21-24-201-024
  • Municipality: OAKWOOD
  • Latitude: 40.1006
  • Longitude: -87.7767

    Address

  • Full Address: 3 Penny Ln
  • Address - House Number: 3
  • Address - Street Name: Penny
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Oakwood
  • Carrier Code: R032
  • 4-Digit Zip Code: 9508
  • Zip Code: 61858

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,100
  • Tax Rate Code Area: OK006

    Appraisal Valuation

  • Standard Deviation: 0.2861
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 42
  • Final Value: 204,627
  • High Value: 263,184
  • Low Value: 146,069

    Market Valuation

  • Market Total Value: $108,837
  • Market Land Value: $14,505
  • Market Improvement Value: $94,332

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,279
  • Assessed Land Value: $4,835
  • Assessed Improvements Value: $31,444

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

About Vermilion



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 3 Penny Lane located in?
The 3 Penny Lane is a located in the neighborhood of Oakwood in Vermilion, Oakwood.
What is the average sales price for listings in 3 Penny Lane?
The average sales price for units in 3 Penny Lane is $0 currently.

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