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501 Chatfield Road

501 Chatfield Road, New Lenox, IL 60451
House in New Lenox
Sold Jul 08, 2020
$3,195,000
$2,500,000 by Morgan Stanley Private Bank Na
Mortgage Due Jul 01, 2050
Sold Oct 23, 2015
$2,600,000
$1,950,000 by Bmo Harris Bank Na
Mortgage Due Nov 01, 2045
501 Chatfield Road has been categorized by the local assessors in New Lenox, IL as a residential type of property. The area measurement of the land has been determined as 150,718 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The property was last sold in Jun 30, 2020 for $3,195,000. Prior to that sales transaction, the property was also sold in Oct 5, 2015 for $2,600,000. 501 Chatfield Road was last assessed in 2022. The total value of the property was assessed at $801,866. Specifically, the land the property is located on was valued at $142,525. While improvements on the property were assessed at a total of $659,341. 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 $66,385. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Exterior

Brick Exterior
Stone Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 150,718
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHARTWELL DOWNS
  • Land Acres: 3.46
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 1 2 IN CHARTWELL DOWNS, BEING A SUB OF PRT OF THE E1/2 OF SEC. 14, T35N-R11E. CONS PER PET.#2007-037 NDA

Ownership

  • Current Owner : KOZOL EDWARD R
  • Current Owner 2: KOZOL KAREN M
  • Previous Owner : BRESINGHAM DANIEL
  • Previous Owner 2: BRESINGHAM KIMBERLY
  • Owner Before Previous Owner: CHICAGO TITLE LAND TRUST COMPANY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881105

Geography

  • Parcel: 15-08-14-426-005
  • Lot: 1-2
  • Meridian: SEC 14 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5195
  • Longitude: -87.9283

    Address

  • Full Address: 501 Chatfield Rd
  • Address - House Number: 501
  • Address - Street Name: Chatfield
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: New Lenox
  • Carrier Code: R006
  • 4-Digit Zip Code: 3042
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $66,385
  • Tax Rate Code Area: 1520

    Appraisal Valuation

  • Standard Deviation: 0.4677
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 6
  • Final Value: 1,920,731
  • High Value: 2,819,106
  • Low Value: 1,022,355

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,500,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Open Lien Mortgage Recording Date: Jul 08, 2020
  • First Open Lien Mortgage Loan Amount: $2,500,000
  • 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: Jul 01, 2050

    Market Valuation

  • Market Total Value: $2,405,598
  • Market Land Value: $427,575
  • Market Improvement Value: $1,978,023

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $801,866
  • Assessed Land Value: $142,525
  • Assessed Improvements Value: $659,341

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 30, 2020
  • Current Sale Recording Date: Jul 08, 2020
  • Current Sale Transaction ID: 11772037995
  • Current Sale Price: $3,195,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2020054112
  • Previous Sale Recording Date: Oct 23, 2015
  • Previous Sale Contract Date: Oct 05, 2015
  • Previous Sale Amount: $2,600,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Mortgage Transaction Date: Jul 08, 2020
  • First Mortgage Loan Amount: $2,500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: BMO HARRIS BANK NA
  • Previous Mortgage Transaction Date: Oct 23, 2015
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,950,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Nov 01, 2045

About Will



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$2,475 /mo

  • 3 Beds
  • 3 Baths
  • 2,222 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 501 Chatfield Road located in?
The 501 Chatfield Road is a house located in the neighborhood of New Lenox in Will, New Lenox.
What is the average sales price for listings in 501 Chatfield Road?
The average sales price for units in 501 Chatfield Road is $0 currently.

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