Check Availability

502 North Park Avenue

502 North Park Avenue, Aurora, IL 60506
Property in North River
Sold Feb 10, 2021
$233,000
$225,223 by First Centennial Mortgage Corp
Mortgage Due Feb 01, 2051
Sold Jan 18, 2006
$188,000
$169,200 by National City Mortgage
Mortgage Due Jan 01, 2036
Local assessors in Aurora, IL have categorized 502 North Park Avenue as a residential type of property. The home was built in 1978 and is 46 years old. The property's lot size has been calculated to be 8,722 square feet. The linear feet between the front and back of the lot was measured at 1,363 ft and the front of the lot was measured at 640 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 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. 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 502 North Park Avenue has a total of 1,510 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. The home sources its water from a municipal system. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 420 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Residents rely on central air conditioning for their cooling system. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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 North Park Avenue sold most recently in Jan 24, 2021 for a total of $233,000. If you work out the math, that's approximately a cost of $90.49 per sqft. Before that, the property was also sold for $188,000 in Dec 30, 2005. 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 $5,749 in taxes each year. 502 North Park Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $70,947. If we break it down further, the land itself was valued at $7,917. Improvements to the property, however, were assessed at a total of $63,030. 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: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Construction Type: Frame
  • Building Style: Colonial
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 645
  • Garage Type: Attached
  • Garage Square Area: 420
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,722
  • Lot Size Depth Feet: 1,363
  • Lot Size Frontage Feet: 640
  • Total Building Area: 2,575
  • Gross Building Area: 2,575
  • Building Area: 1,510
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,510
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: NORTH PARK MANOR
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NORTH PARK MANOR SUBDN : LOT 30 LOT DIMENSIONS: 64 X 136.28 APPROX LOT SQ FT 8722 SUBDIVISION: NORTH PARK MANOR RANGE CODE: 001

Ownership

  • Current Owner : WATSON CHRISTOPHER
  • Previous Owner : JOHNSON RYAN
  • Previous Owner 2: JOHNSON ANDREW
  • Owner Before Previous Owner: BENDER LEE ANN
  • Owner Before Previous Owner 2: GRZYWA LEE ANN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Aurora West Unit School District 129
  • Census Tract: 852905

Geography

  • Parcel: 15-16-205-022
  • Lot: 30
  • Municipality: AURORA
  • Latitude: 41.7786
  • Longitude: -88.3261

    Address

  • Full Address: 502 N Park Ave
  • Address - House Number: 502
  • Street Direction: N
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Aurora
  • Carrier Code: C019
  • 4-Digit Zip Code: 2250
  • Zip Code: 60506

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,749
  • Tax Rate Code Area: AU005

    Appraisal Valuation

  • Standard Deviation: 0.1607
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 79
  • Final Value: 284,996
  • High Value: 330,822
  • Low Value: 239,170

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $228,567
  • First Open Lien Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Feb 10, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $225,223
  • 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: Feb 01, 2051
  • Second Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Second Open Lien Mortgage Recording Date: Aug 02, 2023
  • Second Open Lien Mortgage Loan Amount: $3,344
  • Second Open Lien Mortgage Term: 329
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Market Valuation

  • Market Total Value: $212,926
  • Market Land Value: $23,761
  • Market Improvement Value: $189,166

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $70,947
  • Assessed Land Value: $7,917
  • Assessed Improvements Value: $63,030

    Sales

  • Current Sale Contract Date: Jan 24, 2021
  • Current Sale Recording Date: Feb 10, 2021
  • Current Sale Transaction ID: 11821619685
  • Current Sale Price: $233,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021K011057
  • Previous Sale Recording Date: Jan 18, 2006
  • Previous Sale Contract Date: Dec 30, 2005
  • Previous Sale Amount: $188,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • First Mortgage Transaction Date: Feb 10, 2021
  • First Mortgage Loan Amount: $225,223
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Feb 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: NATIONAL CITY MORTGAGE
  • Previous Mortgage Transaction Date: Jan 18, 2006
  • Previous Mortgage Loan Amount: $169,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jan 01, 2036

About North River



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 2020 Church Road, Aurora, IL, 60504

$3,300 /mo

  • 4 Beds
  • 3 Baths
  • 2,231 ft²
2020 Church Road, Aurora, IL, 60504 Listing by Susan Rigsby

Frequently Asked Questions

What neighborhood is 502 North Park Avenue located in?
The 502 North Park Avenue is a located in the neighborhood of North River in North River, Aurora.
What is the average sales price for listings in 502 North Park Avenue?
The average sales price for units in 502 North Park Avenue is $0 currently.

Quantcast