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503 David Drive

503 David Drive, Shorewood, IL 60404
Property in Troy
Sold Oct 23, 2015
$200,000
$110,000 by Jpmorgan Chase Bank Na
Mortgage Due Nov 01, 2045
Sold May 27, 2010
$186,000
$167,400 by Peoples Home Equity Inc
Mortgage Due Jun 01, 2040
503 David Drive in Shorewood, IL was first built in 1981 and is 43 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 9 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 503 David Drive has 1,628 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 basement is 528 sqft and has been categorized as a full basement. The linear feet across the front of the lot is 850 ft and the linear feet between the front and back of the lot is 1,280. In total, the area measurement of the land is 10,999 square feet.

Learn more about the property and building on this page. There is a open porch. The roof of the home is made of asphalt. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 672 sqft. 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 frame control joints. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 503 David Drive sold most recently in Oct 9, 2015 for a total of $200,000. If you work out the math, that's approximately a cost of $122.85 per sqft. Before that, the property was also sold for $186,000 in May 12, 2010. 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 $5,600 in taxes each year. 503 David Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $75,135. If we break it down further, the land itself was valued at $14,517. Improvements to the property, however, were assessed at a total of $60,618. 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. 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. 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: 1981
  • Effective Year Built: 1981
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Asphalt
  • Basement Type: Full basement
  • Basement Area: 528
  • Garage Type: Attached
  • Garage Square Area: 672
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 10,999
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,628
  • Building Area: 1,628
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,628
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SHOREWOOD MEADOWS UNIT #2
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 65 IN SHOREWOOD MEADOWS UNIT 2, BEING A SUB OF PRT OF THE E1/2 OF THE NE1/4 OF SEC. 9, T35N-R9E.

Ownership

  • Current Owner : BOYLE DANIEL A
  • Previous Owner : HEINTZ CINDY L
  • Owner Before Previous Owner: PALMER SUSAN M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Troy Community Consolidated School District 30C
  • Census Tract: 883216

Geography

  • Parcel: 05-06-09-217-021
  • Lot: 65
  • Meridian: SEC 09 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.5297
  • Longitude: -88.2024

    Address

  • Full Address: 503 David Dr
  • Legal Unit: 2
  • Address - House Number: 503
  • Address - Street Name: David
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Shorewood
  • Carrier Code: R006
  • 4-Digit Zip Code: 9710
  • Zip Code: 60404

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,600
  • Tax Rate Code Area: 0552

    Appraisal Valuation

  • Standard Deviation: 0.1467
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 303,431
  • High Value: 347,950
  • Low Value: 258,913

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $110,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Oct 23, 2015
  • First Open Lien Mortgage Loan Amount: $110,000
  • 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: Nov 01, 2045

    Market Valuation

  • Market Total Value: $225,405
  • Market Land Value: $43,551
  • Market Improvement Value: $181,854

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,135
  • Assessed Land Value: $14,517
  • Assessed Improvements Value: $60,618

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 09, 2015
  • Current Sale Recording Date: Oct 23, 2015
  • Current Sale Transaction ID: 1346938308
  • Current Sale Price: $200,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2015091432
  • Previous Sale Recording Date: May 27, 2010
  • Previous Sale Contract Date: May 12, 2010
  • Previous Sale Amount: $186,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Oct 23, 2015
  • First Mortgage Loan Amount: $110,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2045

    Previous Mortgages

  • Previous Mortgage Lender: PEOPLES HOME EQUITY INC
  • Previous Mortgage Transaction Date: May 27, 2010
  • Previous Mortgage Loan Amount: $167,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2040

About Shorewood



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Frequently Asked Questions

What neighborhood is 503 David Drive located in?
The 503 David Drive is a located in the neighborhood of Troy in Shorewood, Shorewood.
What is the average sales price for listings in 503 David Drive?
The average sales price for units in 503 David Drive is $0 currently.

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