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318 North Ridgeland Avenue

318 North Ridgeland Avenue, Oak Park, IL 60302
House in Oak Park
Sold Sep 19, 2019
$438,500
$409,200 by Guaranteed Rate Inc
Mortgage Due Jan 01, 2051
Sold Jun 14, 2016
$470,000
$417,000 by Perl Mortgage Inc
Mortgage Due Jul 01, 2046
318 North Ridgeland Avenue in Oak Park, IL was first built in 1903 and is 121 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 318 North Ridgeland Avenue has 1,976 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 1,710 ft and the linear feet between the front and back of the lot is 330. In total, the area measurement of the land is 5,643 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. 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 hot water 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, 318 North Ridgeland Avenue sold most recently in Aug 27, 2019 for a total of $438,500. If you work out the math, that's approximately a cost of $221.91 per sqft. Before that, the property was also sold for $470,000 in Jun 9, 2016. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $13,015 in taxes each year. 318 North Ridgeland Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $37,315. If we break it down further, the land itself was valued at $5,361. Improvements to the property, however, were assessed at a total of $31,954. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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

Vinyl Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1903
  • Effective Year Built: 1903
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • 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: 5,643
  • Lot Size Depth Feet: 330
  • Lot Size Frontage Feet: 1,710
  • Total Building Area: 1,976
  • Gross Building Area: 1,976
  • Building Area: 1,976
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,976
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VILLAGE OF RIDGELAND SUB
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VILLAGE OF (RIDGELAND) SUB OF EH EH SEC 7 NW & WH WH SW SEC 8 SEC 08-39-13

Ownership

  • Current Owner : MORAN MATTHEW
  • Current Owner 2: MORAN KRISTINA
  • Previous Owner : ZIMMER KENNETH J
  • Previous Owner 2: ZIMMER HILARY R
  • Owner Before Previous Owner: JARVIS DANIEL
  • Owner Before Previous Owner 2: RADINSKY LEAH
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Oak Park and River Forest District 200
  • Census Tract: 812500

Geography

  • District: 27
  • Parcel: 16-08-106-006-0000
  • Block: 13
  • Lot: 15
  • Meridian: SEC 08 TWN 39N RNG 13E
  • Municipality: OAK PARK
  • Latitude: 41.8925
  • Longitude: -87.7844

    Address

  • Full Address: 318 N Ridgeland Ave
  • Address - House Number: 318
  • Street Direction: N
  • Address - Street Name: Ridgeland
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Oak Park
  • Carrier Code: C060
  • 4-Digit Zip Code: 2322
  • Zip Code: 60302

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,015
  • Tax Rate Code Area: 27001

    Appraisal Valuation

  • Standard Deviation: 0.2546
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 63
  • Final Value: 556,991
  • High Value: 698,827
  • Low Value: 415,156

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $409,200
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Jan 29, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $409,200
  • 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: Jan 01, 2051

    Market Valuation

  • Market Total Value: $373,150
  • Market Land Value: $53,610
  • Market Improvement Value: $319,540

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,315
  • Assessed Land Value: $5,361
  • Assessed Improvements Value: $31,954

    Sales

  • Current Sale Contract Date: Aug 27, 2019
  • Current Sale Recording Date: Sep 19, 2019
  • Current Sale Transaction ID: 11646088385
  • Current Sale Price: $438,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1926212030
  • Previous Sale Recording Date: Jun 14, 2016
  • Previous Sale Contract Date: Jun 09, 2016
  • Previous Sale Amount: $470,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Sep 19, 2019
  • First Mortgage Loan Amount: $416,575
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2049

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: PERL MORTGAGE INC
  • Previous Mortgage Transaction Date: Jun 14, 2016
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $417,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2046

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Frequently Asked Questions

What neighborhood is 318 North Ridgeland Avenue located in?
The 318 North Ridgeland Avenue is a house located in the neighborhood of Oak Park in Oak Park, Oak Park.
What is the average sales price for listings in 318 North Ridgeland Avenue?
The average sales price for units in 318 North Ridgeland Avenue is $0 currently.

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