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508 Washington Park

508 Washington Park, Waukegan, IL 60085
Property in Waukegan
Sold Jul 06, 2017
$85,000
$82,163 by Leader One Financial Corp
Mortgage Due Jul 01, 2047
Sold Mar 20, 1996
$62,000
$61,912 by Bank United Of Texas
Mortgage Due Apr 01, 2026
508 Washington Park has been categorized by the local assessors in Waukegan, IL as a residential type of property. The building on the property was first built in 1925 and is 99 years old. The home has a total of 6 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 508 Washington Park has 851 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,270 ft and across the front of the lot is 1,170 ft. The area measurement of the land has been determined as 14,479 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Cape Cod style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 440 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of materials that we aren't sure of. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. 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, 508 Washington Park was last sold in Jun 30, 2017 for $85,000. According to our calculations, that's $99.88 per sqft. Prior to that sales transaction, the property was sold for $62,000 in Mar 15, 1996. Current property owners are expected to pay $3,799 in taxes per year. The property on 508 Washington Park was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $41,272. To break that down further, the land itself was valued at $13,413. While improvements to the property were assessed at a total of $27,859. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Cape Cod
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Other
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 14,479
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 1,170
  • Total Building Area: 851
  • Gross Building Area: 984
  • Building Area: 851
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 851
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BLEMONT ADD
  • Land Acres: 0.332
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BLEMONT ADD;E N 117 LOTS 243, 244 & 245

Ownership

  • Current Owner : DOMINGUEZ JOSE
  • Previous Owner : WASHBURN MICHAEL P
  • Owner Before Previous Owner: NORTH WILLIAM
  • Owner Before Previous Owner 2: NORTH ROSE L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Waukegan Community Unit School District 60
  • Census Tract: 862501

Geography

  • Assessors Map Reference: 2536-E3
  • District: WAUKEGAN
  • Parcel: 08-29-218-024
  • Lot: 243-2
  • Municipality: TWP OF WAUKEGAN
  • Latitude: 42.3519
  • Longitude: -87.8519

    Address

  • Full Address: 508 Washington Park
  • Address - House Number: 508
  • Address - Street Name: Washington
  • Address - Suffix Type: Park
  • State: IL
  • City Name: Waukegan
  • Carrier Code: C023
  • 4-Digit Zip Code: 6217
  • Zip Code: 60085

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,799
  • Tax Rate Code Area: 9012

    Appraisal Valuation

  • Standard Deviation: 0.1924
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 155,648
  • High Value: 185,601
  • Low Value: 125,695

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $82,163
  • First Open Lien Mortgage Lender: LEADER ONE FINANCIAL CORP
  • First Open Lien Mortgage Recording Date: Jul 06, 2017
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $82,163
  • 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: Jul 01, 2047

    Market Valuation

  • Market Total Value: $123,828
  • Market Land Value: $40,243
  • Market Improvement Value: $83,585

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,272
  • Assessed Land Value: $13,413
  • Assessed Improvements Value: $27,859

    Sales

  • Current Sale Contract Date: Jun 30, 2017
  • Current Sale Recording Date: Jul 06, 2017
  • Current Sale Transaction ID: 1589884516
  • Current Sale Price: $85,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7408858
  • Previous Sale Recording Date: Mar 20, 1996
  • Previous Sale Contract Date: Mar 15, 1996
  • Previous Sale Amount: $62,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LEADER ONE FINANCIAL CORP
  • First Mortgage Transaction Date: Jul 06, 2017
  • First Mortgage Loan Amount: $82,163
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2047

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: BANK UNITED OF TEXAS
  • Previous Mortgage Transaction Date: Mar 20, 1996
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $61,912
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Apr 01, 2026

About Waukegan



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Frequently Asked Questions

What neighborhood is 508 Washington Park located in?
The 508 Washington Park is a located in the neighborhood of Waukegan in Waukegan, Waukegan.
What is the average sales price for listings in 508 Washington Park?
The average sales price for units in 508 Washington Park is $0 currently.

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