Check Availability

328 North Oakwood Avenue

328 North Oakwood Avenue, Waukegan, IL 60085
Property in Mar-Min
Sold May 04, 2020
$360,000
$270,000 by State Bank
Mortgage Due Apr 01, 2025
Sold Jan 17, 2008
$360,000
$81,800 by Northside Community Bank
Mortgage Due Dec 27, 2012
Local assessors in Waukegan, IL have categorized 328 North Oakwood Avenue as a residential type of property. The home was built in 1969 and is 55 years old. The property's lot size has been calculated to be 8,642 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 9 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 are 6 full bathrooms. There are also 6 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 328 North Oakwood Avenue has a total of 3,540 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. 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 composition shingle. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on no air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Mar 10, 2020 for $360,000. That's $101.69 per sqft. Prior to that sales transaction, the property was also sold in Dec 27, 2007 for $360,000. 328 North Oakwood Avenue was last assessed in 2023. The total value of the property was assessed at $144,399. Specifically, the land the property is located on was valued at $20,225. While improvements on the property were assessed at a total of $124,174. 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 $14,194. The initial tax year of delinquency was in 2021. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Bedroom Count: 9
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Bathroom Plumbing Fixtures: 24
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Business/Commerical Units Count: 18
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,642
  • Total Building Area: 3,540
  • Gross Building Area: 3,540
  • Building Area: 3,540
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,540
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MAR-MIN RESUB
  • Land Acres: 0.198
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MAR-MIN RESUB LOT 9 BLOCK 44

Ownership

  • Current Owner : RSR GROUP LLC
  • Previous Owner : BROWN DAVID
  • Previous Owner 2: BROWN MAUREEN
  • Owner Before Previous Owner: LOVINGER JEFFREY A
  • Owner Before Previous Owner 2: LOVINGER THOMAS A
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Waukegan Community Unit School District 60
  • Census Tract: 862603

Geography

  • Assessors Map Reference: 2536-A1
  • District: WAUKEGAN
  • Parcel: 08-19-112-033
  • Block: 44
  • Lot: 9
  • Municipality: TWP OF WAUKEGAN
  • Latitude: 42.3634
  • Longitude: -87.8841

    Address

  • Full Address: 328 N Oakwood Ave
  • Address - House Number: 328
  • Street Direction: N
  • Address - Street Name: Oakwood
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Waukegan
  • Carrier Code: C051
  • 4-Digit Zip Code: 3040
  • Zip Code: 60085

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,194
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 9012

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 506,134
  • High Value: 594,871
  • Low Value: 417,396

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $270,000
  • First Open Lien Mortgage Lender: STATE BANK
  • First Open Lien Mortgage Recording Date: May 04, 2020
  • First Open Lien Mortgage Loan Amount: $270,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2025

    Market Valuation

  • Market Total Value: $433,240
  • Market Land Value: $60,681
  • Market Improvement Value: $372,559

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $144,399
  • Assessed Land Value: $20,225
  • Assessed Improvements Value: $124,174

    Sales

  • Current Sale Contract Date: Mar 10, 2020
  • Current Sale Recording Date: May 04, 2020
  • Current Sale Transaction ID: 11757893934
  • Current Sale Price: $360,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7652797
  • Previous Sale Recording Date: Jan 17, 2008
  • Previous Sale Contract Date: Dec 27, 2007
  • Previous Sale Amount: $360,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATE BANK
  • First Mortgage Transaction Date: May 04, 2020
  • First Mortgage Loan Amount: $270,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Apr 01, 2025

    Previous Mortgages

  • Previous Mortgage Lender: NORTHSIDE COMMUNITY BANK
  • Previous Mortgage Transaction Date: Jan 17, 2008
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $81,800
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Dec 27, 2012

About Mar-Min



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 3305 Sunset Avenue, Waukegan, IL, 60087

$1,100 /mo

  • 1 Bed
  • 1 Bath
  • 450 ft²
3305 Sunset Avenue #325, Waukegan, IL, 60087 Listing by Courtney Caraway
Unit for rent at 2318 Washington Street, Waukegan, IL, 60085

$1,150 /mo

  • 1 Bed
  • 1 Bath
  • 775 ft²
2318 Washington Street #4, Waukegan, IL, 60085 Listing by Jim Starwalt
Unit for rent at 3060 Kathe Lane, waukegan, IL, 60085

$1,100 /mo

  • 1 Bed
  • 1 Bath
3060 Kathe Lane, Waukegan, IL, 60085 Listing by Manager
Unit for rent at 2020 Linden Ave, Waukegan, IL, 60087

$1,035 /mo

  • 1 Bed
  • 1 Bath
  • 650 ft²
2020 Linden Ave #2020 N Linden Ave Unit 3F, Waukegan, IL, 60087 Listing by Manager
Unit for rent at 2114 N Elmwood Ave, Waukegan, IL, 60087

$1,100 /mo

  • 1 Bed
  • 1 Bath
  • 625 ft²
2114 N Elmwood Ave #2114 N Elmwood Ave 8A, Waukegan, IL, 60087 Listing by Manager
Unit for rent at 3370 W. Brooke Ave, Waukegan, IL, 60087

$1,050 /mo

  • 1 Bed
  • 1 Bath
  • 850 ft²
3370 W. Brooke Ave #3370 W. Brooke Ave - #419, Waukegan, IL, 60087 Listing by Manager

Frequently Asked Questions

What neighborhood is 328 North Oakwood Avenue located in?
The 328 North Oakwood Avenue is a located in the neighborhood of Mar-Min in Mar-Min, Waukegan.
What is the average sales price for listings in 328 North Oakwood Avenue?
The average sales price for units in 328 North Oakwood Avenue is $0 currently.

Quantcast