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508 Chestnut Lane

508 Chestnut Lane, Peotone, IL 60468
Property in Will
Sold Sep 14, 2015
$197,000
$80,000 by American Portfolio Mortgage Co
Mortgage Due Sep 01, 2045
Sold Nov 02, 2005
$229,500
This has been categorized as a residential property type. In total, the area measurement of the land is 10,403 square feet.

Learn more about the property and building on this page. 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, 508 Chestnut Lane sold most recently in Aug 13, 2015 for a total of $197,000. Before that, the property was also sold for $229,500 in Oct 21, 2005. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $4,631 in taxes each year. 508 Chestnut Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $72,391. If we break it down further, the land itself was valued at $12,759. Improvements to the property, however, were assessed at a total of $59,632. 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. 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.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

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

    Dimensions

  • Lot Size Square Feet: 10,403
  • 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: WALNUT CREEK UNIT #3
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 76 UNIT 3 IN WALNUT CREEK UNIT 3, BEING A SUB OF PRT OF THE NE1/4 OF THE NW1/4 OF SEC 19, T33N-R13E.

Ownership

  • Current Owner : DRAVES JOSEPH
  • Current Owner 2: DRAVES BONNIE J
  • Previous Owner : VANHUIS RUTH E
  • Previous Owner 2: VAN HUIS EDWARD J
  • Owner Before Previous Owner: CUBE HOLDINGS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Peotone Community Unit School District 207U
  • Census Tract: 883903

Geography

  • Parcel: 20-21-19-109-020
  • Lot: 76
  • Meridian: SEC 19 TWN 33N RNG 13E
  • Municipality: WILL
  • Latitude: 41.337
  • Longitude: -87.7778

    Address

  • Full Address: 508 Chestnut Ln
  • Legal Unit: 3
  • Address - House Number: 508
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Peotone
  • Carrier Code: R004
  • 4-Digit Zip Code: 9802
  • Zip Code: 60468

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,631
  • Tax Rate Code Area: 2009

    Appraisal Valuation

  • Standard Deviation: 0.1541
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 306,942
  • High Value: 354,251
  • Low Value: 259,632

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $80,000
  • First Open Lien Mortgage Lender: AMERICAN PORTFOLIO MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Sep 14, 2015
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $80,000
  • 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: Sep 01, 2045

    Market Valuation

  • Market Total Value: $217,173
  • Market Land Value: $38,277
  • Market Improvement Value: $178,896

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $72,391
  • Assessed Land Value: $12,759
  • Assessed Improvements Value: $59,632

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 13, 2015
  • Current Sale Recording Date: Sep 14, 2015
  • Current Sale Transaction ID: 1301755165
  • Current Sale Price: $197,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2015078925
  • Previous Sale Recording Date: Nov 02, 2005
  • Previous Sale Contract Date: Oct 21, 2005
  • Previous Sale Amount: $229,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN PORTFOLIO MORTGAGE CO
  • First Mortgage Transaction Date: Sep 14, 2015
  • First Mortgage Loan Amount: $80,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2045

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Peotone



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Frequently Asked Questions

What neighborhood is 508 Chestnut Lane located in?
The 508 Chestnut Lane is a located in the neighborhood of Will in Peotone, Peotone.
What is the average sales price for listings in 508 Chestnut Lane?
The average sales price for units in 508 Chestnut Lane is $0 currently.

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