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505 Rivershire Place

505 Rivershire Place, Lincolnshire, IL 60069
Property in Rivershire
Sold Mar 03, 2022
$1,000
$417,000 by Jpmorgan Chase Bank Na
Mortgage Due Dec 01, 2044
Sold Jan 05, 2015
$545,000
$417,000 by Jpmorgan Chase Bank Na
Mortgage Due Dec 01, 2044
Local assessors in Lincolnshire, IL have categorized 505 Rivershire Place as a residential type of property. The home was built in 1993 and is 31 years old. The property's lot size has been calculated to be 10,019 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 3 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 505 Rivershire Place has a total of 3,393 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. 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 400 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 back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 505 Rivershire Place was last sold in Feb 7, 2022 for $1,000. According to our calculations, that's $0.26 per sqft. Prior to that sales transaction, the property was sold for $545,000 in Nov 7, 2014. Current property owners are expected to pay $14,838 in taxes per year. The property on 505 Rivershire Place was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $180,560. To break that down further, the land itself was valued at $40,080. While improvements to the property were assessed at a total of $140,480. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 3,793
  • Gross Building Area: 3,793
  • Building Area: 3,393
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 3,393
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVERSHIRE SUB
  • Land Acres: 0.23
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RIVERSHIRE SUB; LOT 106

Ownership

  • Current Owner : BAHRANI FAMILY TRUST
  • Previous Owner : BAHRANI
  • Previous Owner 2: MAJDA
  • Owner Before Previous Owner: SILVERMAN HOWARD R
  • Owner Before Previous Owner 2: MILLER SUE P
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Lincolnshire-Prairieview School District 103
  • Census Tract: 864521

Geography

  • Assessors Map Reference: 2702-B4
  • District: VERNON
  • Parcel: 15-23-109-008
  • Lot: 106
  • Municipality: TWP OF VERNON
  • Latitude: 42.1914
  • Longitude: -87.9255

    Address

  • Full Address: 505 Rivershire Pl
  • Address - House Number: 505
  • Address - Street Name: Rivershire
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Lincolnshire
  • Carrier Code: C002
  • 4-Digit Zip Code: 3812
  • Zip Code: 60069

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,838
  • Tax Rate Code Area: 16023

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 689,664
  • High Value: 806,392
  • Low Value: 572,936

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $417,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Jan 05, 2015
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $417,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2044

    Market Valuation

  • Market Total Value: $541,734
  • Market Land Value: $120,252
  • Market Improvement Value: $421,482

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $180,560
  • Assessed Land Value: $40,080
  • Assessed Improvements Value: $140,480

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 07, 2022
  • Current Sale Recording Date: Mar 03, 2022
  • Current Sale Transaction ID: 11881003060
  • Current Sale Price: $1,000
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 7879929
  • Previous Sale Recording Date: Jan 05, 2015
  • Previous Sale Contract Date: Nov 07, 2014
  • Previous Sale Amount: $545,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: JPMORGAN CHASE BANK NA
  • Previous Mortgage Transaction Date: Jan 05, 2015
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $417,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Dec 01, 2044

About Rivershire



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 505 Rivershire Place located in?
The 505 Rivershire Place is a located in the neighborhood of Rivershire in Rivershire, Lincolnshire.
What is the average sales price for listings in 505 Rivershire Place?
The average sales price for units in 505 Rivershire Place is $0 currently.

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