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305 Ridge Avenue

305 Ridge Avenue, Clarendon Hills, IL 60514
Property in Downers Grove
Sold Oct 18, 2021
$2,620,000
$1,965,000 by Guaranteed Rate Inc
Mortgage Due Nov 01, 2051
Sold Feb 26, 2015
$832,000
$616,000 by Associated Bank Na
Mortgage Due Mar 01, 2045
Local assessors in Clarendon Hills, IL have categorized 305 Ridge Avenue as a residential type of property. The home was built in 2016 and is 8 years old. The property's lot size has been calculated to be 13,939 square feet. The linear feet between the front and back of the lot was measured at 1,850 ft and the front of the lot was measured at 1,050 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 11 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 7 full bathrooms. There are also 8 partial bathrooms. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 305 Ridge Avenue has a total of 5,098 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 2,447 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 357 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Residents rely on central air conditioning for their cooling system. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Oct 4, 2021 for $2,620,000. That's $347.25 per sqft. Prior to that sales transaction, the property was also sold in Feb 13, 2015 for $832,000. 305 Ridge Avenue was last assessed in 2022. The total value of the property was assessed at $658,440. Specifically, the land the property is located on was valued at $115,980. While improvements on the property were assessed at a total of $542,460. 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 $38,593. 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. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 8
  • Full Bathrooms: 7
  • Partial Bathrooms: 8
  • Bathroom Plumbing Fixtures: 5
  • Construction Type: Frame
  • Building Style: Unknown
  • Floor Count: 3
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 2,447
  • Garage Type: Garage
  • Garage Square Area: 357
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 13,939
  • Lot Size Depth Feet: 1,850
  • Lot Size Frontage Feet: 1,050
  • Total Building Area: 7,545
  • Gross Building Area: 7,545
  • Building Area: 5,098
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 5,098
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CLARENDON HILLS
  • Land Acres: 0.32
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CLARENDON HILLS W 25 FT/EX S 100 FT/ /EX S 100 FT/E 1/2

Ownership

  • Current Owner : MORRIS GREGORY ANDREW
  • Current Owner 2: MORRIS TRACI LYNN
  • Previous Owner : BERINGER ADAM R
  • Previous Owner 2: BERINGER JENNIFER
  • Owner Before Previous Owner: SCHENCK ANNE R
  • Owner Before Previous Owner 2: SCHENCK JEFFREY V N
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Living Trust

Neighborhood

  • School District Name: Hinsdale Township High School District 86
  • School Tax School District: CLARENDON HILLS
  • Census Tract: 845100

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3145-D2
  • Parcel: 09-11-301-002
  • Block: 14
  • Lot: 4
  • Municipality: DOWNERS GROVE
  • Latitude: 41.7943
  • Longitude: -87.9558

    Address

  • Full Address: 305 Ridge Ave
  • Address - House Number: 305
  • Address - Street Name: Ridge
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Clarendon Hills
  • Carrier Code: C007
  • 4-Digit Zip Code: 1312
  • Zip Code: 60514

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $38,593
  • Tax Rate Code Area: 9528

    Appraisal Valuation

  • Standard Deviation: 0.1249
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 86
  • Final Value: 2,142,268
  • High Value: 2,409,972
  • Low Value: 1,874,565

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,965,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Oct 18, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,965,000
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $1,975,320
  • Market Land Value: $347,940
  • Market Improvement Value: $1,627,380

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $658,440
  • Assessed Land Value: $115,980
  • Assessed Improvements Value: $542,460

    Sales

  • Current Sale Contract Date: Oct 04, 2021
  • Current Sale Recording Date: Oct 18, 2021
  • Current Sale Transaction ID: 11860622831
  • Current Sale Price: $2,620,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2021-152891
  • Previous Sale Recording Date: Feb 26, 2015
  • Previous Sale Contract Date: Feb 13, 2015
  • Previous Sale Amount: $832,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Oct 18, 2021
  • First Mortgage Loan Amount: $1,965,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: ASSOCIATED BANK NA
  • Previous Mortgage Transaction Date: Feb 26, 2015
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $616,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Mar 01, 2045

About Clarendon Hills



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Frequently Asked Questions

What neighborhood is 305 Ridge Avenue located in?
The 305 Ridge Avenue is a located in the neighborhood of Downers Grove in Clarendon Hills, Clarendon Hills.
What is the average sales price for listings in 305 Ridge Avenue?
The average sales price for units in 305 Ridge Avenue is $0 currently.

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