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320 Pennsylvania Avenue

320 Pennsylvania Avenue, Loves Park, IL 61111
Property in Martin Shorewood
Sold Nov 05, 2021
$72,500
$64,407 by Midland States Bank
Mortgage Due Dec 01, 2051
Sold Apr 13, 2015
$515,000
Local assessors in Loves Park, IL have categorized 320 Pennsylvania Avenue as a residential type of property. The home was built in 1940 and is 84 years old. The property's lot size has been calculated to be 7,069 square feet. The linear feet between the front and back of the lot was measured at 1,400 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a cottage style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 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 is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 320 Pennsylvania Avenue has a total of 484 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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 detached garage for those who need a place to park their vehicle. The garage on the property is 240 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. While the walls in the interior have been made of plaster. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. 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, 320 Pennsylvania Avenue sold most recently in Nov 4, 2021 for a total of $72,500. If you work out the math, that's approximately a cost of $149.79 per sqft. Before that, the property was also sold for $515,000 in Apr 9, 2015. 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 $965 in taxes each year. 320 Pennsylvania Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $17,815. If we break it down further, the land itself was valued at $3,085. Improvements to the property, however, were assessed at a total of $14,730. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Cottage
  • Interior Walls Type: Plaster
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 240
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,069
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 500
  • Total Building Area: 484
  • Gross Building Area: 484
  • Building Area: 484
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 484
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: GLEN EYRE SUBD
  • Land Acres: 0.162
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ARBOR SUBD A RE-SUB PT LTS 3-4 + 5 GLEN EYRE SUBD PT NE 1/4 SEC 1-44-1 LOT 005 BLOCK 002

Ownership

  • Current Owner : LANDIS JAMES
  • Previous Owner : THORS HAMMER LLC
  • Owner Before Previous Owner: ROCKFORD DEV LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Harlem Unit School District 122
  • Census Tract: 000200

Zoning

  • Zoning: R1

Geography

  • District: 16
  • Parcel: 11-01-276-016
  • Block: 002
  • Lot: 3-5
  • Meridian: SEC 1 TWN 44 RANGE 1
  • Municipality: ROCKFORD
  • Latitude: 42.3196
  • Longitude: -89.0623

    Address

  • Full Address: 320 Pennsylvania Ave
  • Address - House Number: 320
  • Address - Street Name: Pennsylvania
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Loves Park
  • Carrier Code: C020
  • 4-Digit Zip Code: 4066
  • Zip Code: 61111

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $965
  • Tax Rate Code Area: 002

    Appraisal Valuation

  • Standard Deviation: 0.2605
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 76,501
  • High Value: 96,430
  • Low Value: 56,571

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $64,407
  • First Open Lien Mortgage Lender: MIDLAND STATES BANK
  • First Open Lien Mortgage Recording Date: Nov 05, 2021
  • First Open Lien Mortgage Loan Amount: $64,407
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $53,445
  • Market Land Value: $9,255
  • Market Improvement Value: $44,190

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $17,815
  • Assessed Land Value: $3,085
  • Assessed Improvements Value: $14,730

    Sales

  • Current Sale Contract Date: Nov 04, 2021
  • Current Sale Recording Date: Nov 05, 2021
  • Current Sale Transaction ID: 11869262667
  • Current Sale Price: $72,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 40125
  • Previous Sale Recording Date: Apr 13, 2015
  • Previous Sale Contract Date: Apr 09, 2015
  • Previous Sale Amount: $515,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MIDLAND STATES BANK
  • First Mortgage Transaction Date: Nov 05, 2021
  • First Mortgage Loan Amount: $64,407
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2051

About Martin Shorewood



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Frequently Asked Questions

What neighborhood is 320 Pennsylvania Avenue located in?
The 320 Pennsylvania Avenue is a located in the neighborhood of Martin Shorewood in Martin Shorewood, Loves Park.
What is the average sales price for listings in 320 Pennsylvania Avenue?
The average sales price for units in 320 Pennsylvania Avenue is $0 currently.

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