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400 North Farrell Road

400 North Farrell Road, Lockport, IL 60441
Property in Homer
Sold Feb 04, 2015
$115,000
$108,500 by Guaranteed Rate Inc
Mortgage Due Jan 01, 2045
Sold Jul 26, 2006
$157,500
$141,750 by Banc Group Mortgage Corp
Mortgage Due Jul 01, 2036
Local assessors in Lockport, IL have categorized 400 North Farrell Road as a residential type of property. The home was built in 1962 and is 62 years old. The property's lot size has been calculated to be 8,800 square feet. The linear feet between the front and back of the lot was measured at 1,100 ft and the front of the lot was measured at 800 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 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 are also 2 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 400 North Farrell Road has a total of 1,074 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. 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 538 sqft. Residents rely on central air conditioning for their cooling system. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Dec 17, 2014 for $115,000. That's $63.01 per sqft. Prior to that sales transaction, the property was also sold in Jun 3, 2006 for $157,500. 400 North Farrell Road was last assessed in 2022. The total value of the property was assessed at $57,276. Specifically, the land the property is located on was valued at $13,584. While improvements on the property were assessed at a total of $43,692. 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 $3,818. 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: 1962
  • Effective Year Built: 1962
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Style: Split level
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 751
  • Garage Type: Detached
  • Garage Square Area: 538
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,800
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,825
  • Building Area: 1,074
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,074
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: FOREST MANOR
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 1 BLOCK 14 IN FOREST MANOR, BEING A SUB OF PRT OF THE SW1/4 OF SEC. 18, T36N-R11E.

Ownership

  • Current Owner : GRUENHOLZ MICHAEL
  • Previous Owner : RINEHART JOSEPH R
  • Previous Owner 2: RINEHART THOMAS V
  • Owner Before Previous Owner: HSBC MORTGAGE SERVICES
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 881001

Geography

  • Parcel: 16-05-18-301-011
  • Block: 14
  • Lot: 1
  • Meridian: SEC 18 TWN 36N RNG 11E
  • Municipality: HOMER
  • Latitude: 41.6014
  • Longitude: -88.0261

    Address

  • Full Address: 400 N Farrell Rd
  • Address - House Number: 400
  • Street Direction: N
  • Address - Street Name: Farrell
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Lockport
  • Carrier Code: C016
  • 4-Digit Zip Code: 7324
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,818
  • Tax Rate Code Area: 1610

    Appraisal Valuation

  • Standard Deviation: 0.173
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 233,044
  • High Value: 273,374
  • Low Value: 192,714

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $108,500
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Feb 04, 2015
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $108,500
  • 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, 2045

    Market Valuation

  • Market Total Value: $171,828
  • Market Land Value: $40,752
  • Market Improvement Value: $131,076

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $57,276
  • Assessed Land Value: $13,584
  • Assessed Improvements Value: $43,692

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 17, 2014
  • Current Sale Recording Date: Feb 04, 2015
  • Current Sale Transaction ID: 1077388330
  • Current Sale Price: $115,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2015009522
  • Previous Sale Recording Date: Jul 26, 2006
  • Previous Sale Contract Date: Jun 03, 2006
  • Previous Sale Amount: $157,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Feb 04, 2015
  • First Mortgage Loan Amount: $108,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2045

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: BANC GROUP MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jul 26, 2006
  • Previous Mortgage Loan Amount: $141,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2036

About Lockport



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Unit for rent at 1016 S State Street, Lockport, IL, 60441

$2,100 /mo

  • 2 Beds
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1016 S State Street #4, Lockport, IL, 60441 Listing by Robert Miller

Frequently Asked Questions

What neighborhood is 400 North Farrell Road located in?
The 400 North Farrell Road is a located in the neighborhood of Homer in Lockport, Lockport.
What is the average sales price for listings in 400 North Farrell Road?
The average sales price for units in 400 North Farrell Road is $0 currently.

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