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475 Independence Lane

475 Independence Lane, Bolingbrook, IL 60440
Property in Du Page
Sold Mar 10, 2021
$281,000
$251,000 by Wintrust Mortgage
Mortgage Due Mar 01, 2051
Sold Mar 27, 1991
$103,000
Local assessors in Bolingbrook, IL have categorized 475 Independence Lane as a residential type of property. The home was built in 1979 and is 45 years old. The property's lot size has been calculated to be 8,803 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a raised ranch 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, 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.

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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 520 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. The property was last sold in Feb 15, 2021 for $281,000. That's $245.41 per sqft. Prior to that sales transaction, the property was also sold in Mar 27, 1991 for $103,000. 475 Independence Lane was last assessed in 2022. The total value of the property was assessed at $80,985. Specifically, the land the property is located on was valued at $17,065. While improvements on the property were assessed at a total of $63,920. 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 $7,412. 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! 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: 1979
  • Effective Year Built: 1979
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Style: Raised Ranch
  • Exterior Walls Type: Alum/Vinyl siding
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 520
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,803
  • Total Building Area: 1,145
  • Building Area: 1,145
  • Building Area Measurement: 1st Floor

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CAVALLO FARM
  • Land Acres: 0.202
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 16 IN CAVALLO FARM SUB, BEING A SUB OF PRT OF THE W1/2 OF THE NE1/4 OF SEC 11, T37N-R10E.

Ownership

  • Current Owner : WEINER ELISA SUZANNE
  • Current Owner 2: ZIKA ADAM MICHAEL
  • Previous Owner : OBRIEN KEVIN J
  • Previous Owner 2: OBRIEN MONICA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Valley View Community Unit School District 365U
  • Census Tract: 880116

Geography

  • Parcel: 12-02-11-202-043
  • Lot: 16
  • Meridian: SEC 11 TWN 37N RNG 10E
  • Municipality: DUPAGE
  • Latitude: 41.712
  • Longitude: -88.055

    Address

  • Full Address: 475 Independence Ln
  • Address - House Number: 475
  • Address - Street Name: Independence
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Bolingbrook
  • Carrier Code: C008
  • 4-Digit Zip Code: 2156
  • Zip Code: 60440

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,412
  • Tax Rate Code Area: 1214

    Appraisal Valuation

  • Standard Deviation: 0.1592
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 298,481
  • High Value: 346,019
  • Low Value: 250,942

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $251,000
  • First Open Lien Mortgage Lender: WINTRUST MORTGAGE
  • First Open Lien Mortgage Recording Date: Mar 10, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $251,000
  • 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: Mar 01, 2051

    Market Valuation

  • Market Total Value: $242,955
  • Market Land Value: $51,195
  • Market Improvement Value: $191,760

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $80,985
  • Assessed Land Value: $17,065
  • Assessed Improvements Value: $63,920

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 15, 2021
  • Current Sale Recording Date: Mar 10, 2021
  • Current Sale Transaction ID: 11824208226
  • Current Sale Price: $281,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2021027847
  • Previous Sale Recording Date: Mar 27, 1991
  • Previous Sale Contract Date: Mar 27, 1991
  • Previous Sale Amount: $103,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WINTRUST MORTGAGE
  • First Mortgage Transaction Date: Mar 10, 2021
  • First Mortgage Loan Amount: $251,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 475 Independence Lane located in?
The 475 Independence Lane is a located in the neighborhood of Du Page in Bolingbrook, Bolingbrook.
What is the average sales price for listings in 475 Independence Lane?
The average sales price for units in 475 Independence Lane is $0 currently.

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