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470 Fairway Lane

470 Fairway Lane, University Park, IL 60484
Property in Crete
Sold Sep 24, 2012
$139,900
$134,000 by Citizens Bank Na
Mortgage Due Feb 09, 2048
Sold Jul 03, 2012
$520,000
Local assessors in University Park, IL have categorized 470 Fairway Lane as a residential type of property. The home was built in 2007 and is 17 years old. The property's lot size has been calculated to be 8,354 square feet. 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 470 Fairway Lane has a total of 3,111 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. Residents rely on central air conditioning for their cooling 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, 470 Fairway Lane sold most recently in Aug 28, 2012 for a total of $139,900. If you work out the math, that's approximately a cost of $32.20 per sqft. Before that, the property was also sold for $520,000 in Jun 11, 2012. 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 $10,456 in taxes each year. 470 Fairway Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $79,597. If we break it down further, the land itself was valued at $9,445. Improvements to the property, however, were assessed at a total of $70,152. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 2007
  • Effective Year Built: 2007
  • Bedroom Count: 0
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 1,234
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,354
  • Total Building Area: 4,345
  • Building Area: 3,111
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 3,111
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MONTALBANOS FAIRWAY CLUB ESTATES
  • Land Acres: 0.19
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 4 IN MONTALBANO'S FAIRWAY CLUB ESTATES, BEING A SUB OF PRT OF THE W1/2 OF SEC 18, T34N-R14E.

Ownership

  • Current Owner : SPRINGS GENE
  • Current Owner 2: SPRINGS BRITTANY
  • Previous Owner : RIGHT RESIDENTIAL SERIES 2 LLC
  • Owner Before Previous Owner: MB817 LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883809

Geography

  • Parcel: 23-15-18-301-005
  • Lot: 4
  • Meridian: SEC 18 TWN 34N RNG 14E
  • Municipality: CRETE
  • Latitude: 41.4322
  • Longitude: -87.6687

    Address

  • Full Address: 470 Fairway Ln
  • Address - House Number: 470
  • Address - Street Name: Fairway
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: University Park
  • Carrier Code: C027
  • 4-Digit Zip Code: 2747
  • Zip Code: 60484

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,456
  • Tax Rate Code Area: 2321

    Appraisal Valuation

  • Standard Deviation: 0.1674
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 78
  • Final Value: 277,282
  • High Value: 323,708
  • Low Value: 230,856

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $134,000
  • First Open Lien Mortgage Lender: CITIZENS BANK NA
  • First Open Lien Mortgage Recording Date: Feb 15, 2023
  • First Open Lien Mortgage Loan Amount: $134,000
  • First Open Lien Mortgage Term: 299
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Feb 09, 2048

    Market Valuation

  • Market Total Value: $238,791
  • Market Land Value: $28,335
  • Market Improvement Value: $210,456

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $79,597
  • Assessed Land Value: $9,445
  • Assessed Improvements Value: $70,152

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 28, 2012
  • Current Sale Recording Date: Sep 24, 2012
  • Current Sale Transaction ID: 1179104004
  • Current Sale Price: $139,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2012105966
  • Previous Sale Recording Date: Jul 03, 2012
  • Previous Sale Contract Date: Jun 11, 2012
  • Previous Sale Amount: $520,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Sep 24, 2012
  • First Mortgage Loan Amount: $137,365
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2042

    Financing

  • First Mortgage Financing Type: Fixed Rate

About University Park



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Frequently Asked Questions

What neighborhood is 470 Fairway Lane located in?
The 470 Fairway Lane is a located in the neighborhood of Crete in University Park, University Park.
What is the average sales price for listings in 470 Fairway Lane?
The average sales price for units in 470 Fairway Lane is $0 currently.

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