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3170 West Meadow Lane Drive

3170 West Meadow Lane Drive, Alsip, IL 60803
Property in Merrionette Park
Sold Oct 26, 2018
$3,350,000
$42,500,000 by Citi Real Estate Funding Inc
Mortgage Due Dec 06, 2031
Sold Aug 19, 2004
$2,707,500
$2,166,000 by Midamerica Bank Fsb
Mortgage Due Jul 01, 2029
3170 West Meadow Lane Drive in Alsip, IL was first built in 1966 and is 58 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 multifamily style. There are a total of 0 rooms in the home, of which, 84 are bedrooms. 3170 West Meadow Lane Drive has 36,972 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 11,010 square feet.

Learn more about the property and building on this page. The property was last sold in Oct 25, 2018 for $3,350,000. That's $90.61 per sqft. Prior to that sales transaction, the property was also sold in Jun 14, 2004 for $2,707,500. 3170 West Meadow Lane Drive was last assessed in 2023. The total value of the property was assessed at $103,404. Specifically, the land the property is located on was valued at $5,780. While improvements on the property were assessed at a total of $97,624. 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 $17,699. 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. 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: 1966
  • Building Count: 1
  • Bedroom Count: 84
  • Building Style: Multifamily
  • Living Units: 6
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,010
  • Total Building Area: 36,972
  • Gross Building Area: 36,972
  • Building Area: 36,972
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 36,972
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.253
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : CHICAGO TITLE LAND TRUST
  • Current Owner 2: TRUST NUMBER 8002379323
  • Previous Owner : MERRIONETTE LLC
  • Owner Before Previous Owner: MARQUETTE BANK
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Geography

  • District: 39
  • Parcel: 24-24-116-025-0000
  • Meridian: SEC 24 TWN 37N RNG 13E
  • Municipality: WORTH
  • Latitude: 41.6845
  • Longitude: -87.6996

    Address

  • Full Address: 3170 W 115th St
  • Address - House Number: 3170
  • Street Direction: W
  • Address - Street Name: 115th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Merrionette Park
  • Carrier Code: C028
  • 4-Digit Zip Code: 4525
  • Zip Code: 60803

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $17,699
  • Tax Rate Code Area: 39019

    Appraisal Valuation

  • Standard Deviation: 0.3601
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 27
  • Final Value: 505,078
  • High Value: 686,958
  • Low Value: 323,197

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $42,500,000
  • First Open Lien Mortgage Lender: CITI REAL ESTATE FUNDING INC
  • First Open Lien Mortgage Recording Date: May 17, 2022
  • First Open Lien Mortgage Loan Amount: $42,500,000
  • First Open Lien Mortgage Term: 114
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 06, 2031

    Market Valuation

  • Market Total Value: $1,034,040
  • Market Land Value: $57,800
  • Market Improvement Value: $976,240

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $103,404
  • Assessed Land Value: $5,780
  • Assessed Improvements Value: $97,624

    Sales

  • Current Sale Contract Date: Oct 25, 2018
  • Current Sale Recording Date: Oct 26, 2018
  • Current Sale Transaction ID: 11524037061
  • Current Sale Price: $3,350,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1829945025
  • Previous Sale Recording Date: Aug 19, 2004
  • Previous Sale Contract Date: Jun 14, 2004
  • Previous Sale Amount: $2,707,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY INVESTMENT CORP
  • First Mortgage Transaction Date: Oct 26, 2018
  • First Mortgage Loan Amount: $2,665,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Oct 01, 2028

    Previous Mortgages

  • Previous Mortgage Lender: MIDAMERICA BANK FSB
  • Previous Mortgage Transaction Date: Aug 19, 2004
  • Previous Mortgage Loan Amount: $2,166,000
  • Previous Mortgage Term: 298
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jul 01, 2029

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Frequently Asked Questions

What neighborhood is 3170 West Meadow Lane Drive located in?
The 3170 West Meadow Lane Drive is a located in the neighborhood of Merrionette Park in Merrionette Park, Alsip.
What is the average sales price for listings in 3170 West Meadow Lane Drive?
The average sales price for units in 3170 West Meadow Lane Drive is $0 currently.

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