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305 South Lincoln Avenue

305 South Lincoln Avenue, Park Ridge, IL 60068
Property in Park Ridge
Sold May 30, 2023
$460,000
$390,999 by Greenstate Credit Union
Mortgage Due Jun 01, 2053
Sold Mar 17, 2006
$425,000
$340,000 by Wachovia Mortgage Corp
Mortgage Due Mar 01, 2036
305 South Lincoln Avenue in Park Ridge, IL was first built in 1921 and is 103 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 bungalow style. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 305 South Lincoln Avenue has 1,375 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 linear feet across the front of the lot is 470 ft and the linear feet between the front and back of the lot is 1,240. In total, the area measurement of the land is 5,816 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a municipal system. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. 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 quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with 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, 305 South Lincoln Avenue sold most recently in May 22, 2023 for a total of $460,000. If you work out the math, that's approximately a cost of $334.55 per sqft. Before that, the property was also sold for $425,000 in Feb 28, 2006. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $10,033 in taxes each year. 305 South Lincoln Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $42,000. If we break it down further, the land itself was valued at $9,887. Improvements to the property, however, were assessed at a total of $32,113. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Exterior

Aluminum Siding
Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1921
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,816
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 470
  • Total Building Area: 1,375
  • Gross Building Area: 1,375
  • Building Area: 1,375
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,375
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WHITAKERS PARK RIDGE
  • Land Acres: 0.134
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (WHITAKERS)(PARK)(RIDGE) SUB OF SW NW SEC 35-41-12

Ownership

  • Current Owner : CARON SEAN R
  • Current Owner 2: FIOROTO NICOLE
  • Previous Owner : PORTER-FISZER MARTHA
  • Owner Before Previous Owner: OKIMOTO SUSAN F
  • Owner Before Previous Owner 2: FUNDORA SUSAN F
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Park Ridge Consolidated Community School District 64
  • Census Tract: 805701

Geography

  • District: 22
  • Parcel: 09-35-116-025-0000
  • Block: 2
  • Lot: 23
  • Meridian: SEC 35 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0069
  • Longitude: -87.8429

    Address

  • Full Address: 305 S Lincoln Ave
  • Address - House Number: 305
  • Street Direction: S
  • Address - Street Name: Lincoln
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Park Ridge
  • Carrier Code: C008
  • 4-Digit Zip Code: 3813
  • Zip Code: 60068

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,033
  • Tax Rate Code Area: 22031

    Appraisal Valuation

  • Standard Deviation: 0.2621
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 464,844
  • High Value: 586,691
  • Low Value: 342,998

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $390,999
  • First Open Lien Mortgage Lender: GREENSTATE CREDIT UNION
  • First Open Lien Mortgage Recording Date: May 30, 2023
  • First Open Lien Mortgage Loan Amount: $390,999
  • 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: Jun 01, 2053

    Market Valuation

  • Market Total Value: $420,000
  • Market Land Value: $98,870
  • Market Improvement Value: $321,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,000
  • Assessed Land Value: $9,887
  • Assessed Improvements Value: $32,113

    Sales

  • Current Sale Contract Date: May 22, 2023
  • Current Sale Recording Date: May 30, 2023
  • Current Sale Transaction ID: 11907250012
  • Current Sale Price: $460,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 13084
  • Previous Sale Recording Date: Mar 17, 2006
  • Previous Sale Contract Date: Feb 28, 2006
  • Previous Sale Amount: $425,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GREENSTATE CREDIT UNION
  • First Mortgage Transaction Date: May 30, 2023
  • First Mortgage Loan Amount: $390,999
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: WACHOVIA MORTGAGE CORP
  • Previous Mortgage Transaction Date: Mar 17, 2006
  • Previous Mortgage Loan Amount: $340,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Mar 01, 2036

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Frequently Asked Questions

What neighborhood is 305 South Lincoln Avenue located in?
The 305 South Lincoln Avenue is a located in the neighborhood of Park Ridge in Park Ridge, Park Ridge.
What is the average sales price for listings in 305 South Lincoln Avenue?
The average sales price for units in 305 South Lincoln Avenue is $0 currently.

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