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502 Betty Lane

502 Betty Lane, South Holland, IL 60473
Property in Thornton
Sold Apr 29, 2008
$112,000
$78,400 by Countrywide Bank Fsb
Mortgage Due May 01, 2038
Sold Nov 13, 2007
Transfer
502 Betty Lane in South Holland, IL was first built in 1960 and is 64 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a split level style. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 502 Betty Lane has 1,198 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 300 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 6,557 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a municipal system. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating 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, 502 Betty Lane sold most recently in Mar 26, 2008 for a total of $112,000. If you work out the math, that's approximately a cost of $93.49 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,851 in taxes each year. 502 Betty Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $20,000. If we break it down further, the land itself was valued at $3,442. Improvements to the property, however, were assessed at a total of $16,558. 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. 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. 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: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Split level
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,557
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,198
  • Gross Building Area: 1,198
  • Building Area: 1,198
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,198
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: DUTCH VLY/HOCKSTRAS ADD 02
  • Land Acres: 0.151
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SHAW GRIGGS BILLIE
  • Previous Owner : WELLS FARGO BANK NA
  • Owner Before Previous Owner: HALL FREDERICK

Neighborhood

  • School District Name: Thornton Township High School District 205
  • Census Tract: 827801

Geography

  • District: 37
  • Parcel: 29-22-209-023-0000
  • Lot: 113
  • Meridian: SEC 22 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.5983
  • Longitude: -87.6033

    Address

  • Full Address: 502 Betty Ln
  • Address - House Number: 502
  • Address - Street Name: Betty
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: South Holland
  • Carrier Code: C007
  • 4-Digit Zip Code: 2212
  • Zip Code: 60473

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,851
  • Tax Rate Code Area: 37059

    Appraisal Valuation

  • Standard Deviation: 0.2625
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 207,200
  • High Value: 261,602
  • Low Value: 152,798

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $78,400
  • First Open Lien Mortgage Lender: COUNTRYWIDE BANK FSB
  • First Open Lien Mortgage Recording Date: Apr 29, 2008
  • First Open Lien Mortgage Loan Amount: $78,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: May 01, 2038

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $34,420
  • Market Improvement Value: $165,580

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,000
  • Assessed Land Value: $3,442
  • Assessed Improvements Value: $16,558

    Sales

  • Current Sale Contract Date: Mar 26, 2008
  • Current Sale Recording Date: Apr 29, 2008
  • Current Sale Transaction ID: 1177754199
  • Current Sale Price: $112,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 0812008417
  • Previous Sale Recording Date: Nov 13, 2007
  • Previous Sale Contract Date: Oct 22, 2007
  • Previous Sale Document Type: Legal Action/Court Order

    Last Sale Mortgage

  • First Mortgage Lender: COUNTRYWIDE BANK FSB
  • First Mortgage Transaction Date: Apr 29, 2008
  • First Mortgage Loan Amount: $78,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: May 01, 2038

About South Holland



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Frequently Asked Questions

What neighborhood is 502 Betty Lane located in?
The 502 Betty Lane is a located in the neighborhood of Thornton in South Holland, South Holland.
What is the average sales price for listings in 502 Betty Lane?
The average sales price for units in 502 Betty Lane is $0 currently.

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