See Home Value
Oswego 60543
402 TERRACE Lane
$371,399*
House - Off Market

402 TERRACE Lane

Oswego, IL 60543
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2178 Sqft
$297,000 - $363,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Sep 02, 2021
$345,000
$333,485 by First Midwest Bank
Mortgage Due Sep 01, 2051
Sold Sep 02, 2015
$216,000
$172,800 by Guaranteed Rate Inc
Mortgage Due Sep 01, 2045

About This Property

Desirable corner lot in Arbor Gate. Move in ready! 4 bedrooms, 2.5 baths, and partially finished basement. Significant recent updates throughout that you will need to see for yourself!! Walk in to a welcoming two story foyer opening to living room and dining room. Modern kitchen upgrade (2020) with granite countertops. First floor generously sized laundry room/ mudroom. Large master bedroom with two walk in closets and en suite bathroom featuring a soaking tub, separate shower, and dual vanity.  Other recent updates: all bathrooms (2021), second floor carpets (2021), first floor premium vinyl flooring (great for pets and kids- 2020), neutral paint, interior/exterior light fixtures, sliding back door, roof (2019), fence. Professional landscaping designed with almost all perennials (hello easy upkeep!) and meant to provide colors throughout every season. All offers must come with updated preapproval letters and signed disclosures.  Sellers amenable to a quick close if needed. Multiple offers have been received. Seller is requesting highest and best to be submitted by 5:00PM on 08/02/2021. MLS #11173968

The manager has listed the unit size as 2178 square feet.
Unit Size
2,178Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$152
Property Type
House
Property Taxes
$7,150
HOA Dues
$190
Year Built
-

Price History

Date / Event Date Event Price
Oct 7, 2021 No longer available -
No longer available
Sep 2, 2021 Sold to Anglea Pedraza, David H Ped... $345,000
Sold to Anglea Pedraza, David H Ped...
Aug 4, 2021 In contract -
In contract
Jul 30, 2021 Listed $330,000
Listed
Sep 2, 2015 Sold to Timothy J Madden $216,000
Sold to Timothy J Madden
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 1,134
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,130
  • Total Building Area: 1,134
  • Gross Building Area: 1,134
  • Building Area: 1,134
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,134
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ARBOR GATE
  • Land Acres: 0.278
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LOT 169 ARBOR GATE UNIT 3 VILLAGE OF OSWEGO

Ownership

  • Current Owner : PEDRAZA DAVID H
  • Current Owner 2: PEDRAZA ANGLEA
  • Previous Owner : MADDEN TIMOTHY J
  • Previous Owner 2: MADDEN ANDREA L
  • Owner Before Previous Owner: JACKSON JACQUELINE
  • Owner Before Previous Owner 2: JACKSON JONATHAN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Oswego Community Unit School District 308
  • Census Tract: 890108

Geography

  • Parcel: 03-19-403-031
  • Lot: 169
  • Municipality: OSWEGO TOWNSHIP
  • Latitude: 41.67
  • Longitude: -88.3608

    Address

  • Full Address: 402 Terrace Ln
  • Address - House Number: 402
  • Address - Street Name: Terrace
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Oswego
  • Carrier Code: R005
  • 4-Digit Zip Code: 7522
  • Zip Code: 60543

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,976
  • Tax Rate Code Area: OS008

    Appraisal Valuation

  • Standard Deviation: 0.1424
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 388,372
  • High Value: 443,687
  • Low Value: 333,057

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $346,226
  • First Open Lien Mortgage Lender: FIRST MIDWEST BANK
  • First Open Lien Mortgage Recording Date: Sep 02, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $333,485
  • 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: Sep 01, 2051
  • Second Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Second Open Lien Mortgage Recording Date: Apr 03, 2023
  • Second Open Lien Mortgage Loan Amount: $12,741
  • Second Open Lien Mortgage Term: 340
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Sep 01, 2051

    Market Valuation

  • Market Total Value: $282,951
  • Market Land Value: $62,370
  • Market Improvement Value: $220,581

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $94,317
  • Assessed Land Value: $20,790
  • Assessed Improvements Value: $73,527

    Sales

  • Current Sale Contract Date: Aug 30, 2021
  • Current Sale Recording Date: Sep 02, 2021
  • Current Sale Transaction ID: 11853836914
  • Current Sale Price: $345,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202100023315
  • Previous Sale Recording Date: Sep 02, 2015
  • Previous Sale Contract Date: Aug 03, 2015
  • Previous Sale Amount: $216,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST MIDWEST BANK
  • First Mortgage Transaction Date: Sep 02, 2021
  • First Mortgage Loan Amount: $333,485
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: GUARANTEED RATE INC
  • Previous Mortgage Transaction Date: Sep 02, 2015
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $172,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Credit Line (Revolving)
  • Previous Mortgage Loan Due Date: Sep 01, 2045



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Other
Loft
4 Baths
-
$260,000 May 24, 2019
$260,000 Jul 16, 2020
$383/mo
House
3 Beds
1.5 Baths
1,900 ft²
$168/ft²
$320,000 Apr 6, 2024
-
$247/mo
House
3 Beds
3 Baths
2,700 ft²
$141/ft²
$380,000 May 6, 2024
-
$733/mo
House
3 Beds
2 Baths
1,596 ft²
$187/ft²
$299,000 Apr 12, 2024
-
$419/mo
In Contract
House
3 Beds
1.5 Baths
12,285 ft²
$22/ft²
$275,000 May 15, 2024
-
$686/mo

About Oswego


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Frequently Asked Questions

When was property at 402 Terrace Lane built and last sold?
The property at 402 Terrace Lane was built in and last sold on Aug 30, 2021 for $345,000.
How much is this home worth?
The estimated value of the home located at 402 Terrace Lane is $338,210.
What are some comparable homes to 402 Terrace Lane?
There are currently no comparable homes to 402 Terrace Lane.

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