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3111 West 118th Street

3111 West 118th Street, Alsip, IL 60803
Property in Merrionette Park
Sold Aug 12, 2021
$230,500
$225,834 by Leader One Financial Corp
Mortgage Due Sep 01, 2051
3111 West 118th Street has been categorized by the local assessors in Alsip, IL as a residential type of property. The building on the property was first built in 1965 and is 59 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 3111 West 118th Street has 1,107 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,519 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there are a total of 3 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of masonry. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. The property was last sold in Aug 2, 2021 for $230,500. That's $208.22 per sqft. 3111 West 118th Street was last assessed in 2023. The total value of the property was assessed at $20,001. Specifically, the land the property is located on was valued at $2,898. While improvements on the property were assessed at a total of $17,103. 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 $5,455. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 5,519
  • Total Building Area: 1,107
  • Gross Building Area: 1,107
  • Building Area: 1,107
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,107
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FIRST ADDITION TO MAHONEY ESTATES
  • Land Acres: 0.127
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : TABAK MICHAEL PAUL
  • Previous Owner : THE SHELIA E SEMMER REVOCABLE TRUST
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Atwood Heights School District 125
  • Census Tract: 823304

Geography

  • District: 39
  • Parcel: 24-24-317-012-0000
  • Meridian: SEC 24 TWN 37N RNG 13E
  • Municipality: WORTH
  • Latitude: 41.6782
  • Longitude: -87.6984

    Address

  • Full Address: 3111 W 118th St
  • Address - House Number: 3111
  • Street Direction: W
  • Address - Street Name: 118th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Merrionette Park
  • Carrier Code: C028
  • 4-Digit Zip Code: 4588
  • Zip Code: 60803

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,455
  • Tax Rate Code Area: 39019

    Appraisal Valuation

  • Standard Deviation: 0.2449
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 65
  • Final Value: 257,439
  • High Value: 320,508
  • Low Value: 194,370

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $225,834
  • First Open Lien Mortgage Lender: LEADER ONE FINANCIAL CORP
  • First Open Lien Mortgage Recording Date: Aug 12, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $225,834
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2051

    Market Valuation

  • Market Total Value: $200,010
  • Market Land Value: $28,980
  • Market Improvement Value: $171,030

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,001
  • Assessed Land Value: $2,898
  • Assessed Improvements Value: $17,103

    Sales

  • Current Sale Contract Date: Aug 02, 2021
  • Current Sale Recording Date: Aug 12, 2021
  • Current Sale Transaction ID: 11848325189
  • Current Sale Price: $230,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2122442148

    Last Sale Mortgage

  • First Mortgage Lender: LEADER ONE FINANCIAL CORP
  • First Mortgage Transaction Date: Aug 12, 2021
  • First Mortgage Loan Amount: $225,834
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Merrionette Park



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Frequently Asked Questions

What neighborhood is 3111 West 118th Street located in?
The 3111 West 118th Street is a located in the neighborhood of Merrionette Park in Merrionette Park, Alsip.
What is the average sales price for listings in 3111 West 118th Street?
The average sales price for units in 3111 West 118th Street is $0 currently.

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