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515 North Taylor Avenue

515 North Taylor Avenue, Oak Park, IL 60302
House in Oak Park
Sold Jul 05, 2019
$345,000
$334,500 by Home State Bank Na
Mortgage Due Apr 01, 2050
Sold Jul 14, 2011
$195,000
$156,000 by Cole Taylor Bank
Mortgage Due Jul 01, 2041
Local assessors in Oak Park, IL have categorized 515 North Taylor Avenue as a residential type of property. The home was built in 1889 and is 135 years old. The property's lot size has been calculated to be 10,012 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 4 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 515 North Taylor Avenue has a total of 2,360 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 detached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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. 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 - C. The building has a roof that is made of asphalt. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. 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, 515 North Taylor Avenue sold most recently in Jul 1, 2019 for a total of $345,000. If you work out the math, that's approximately a cost of $146.19 per sqft. Before that, the property was also sold for $195,000 in Jun 27, 2011. 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 $13,248 in taxes each year. 515 North Taylor Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $55,000. If we break it down further, the land itself was valued at $13,016. Improvements to the property, however, were assessed at a total of $41,984. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1889
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 10,012
  • Total Building Area: 2,360
  • Gross Building Area: 2,360
  • Building Area: 2,360
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,360
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JOHN JOHNSTON JR A ADD/AUSTIN
  • Land Acres: 0.23
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MACHAMER MEGAN M
  • Current Owner 2: MCLEAN MATTHEW
  • Previous Owner : PERSOON CAROLYN L
  • Previous Owner 2: YAMINI OMAR
  • Owner Before Previous Owner: HANNIGAN JANET H
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Oak Park and River Forest District 200
  • Census Tract: 812500

Geography

  • District: 27
  • Parcel: 16-05-324-021-0000
  • Block: 10
  • Lot: 1
  • Meridian: SEC 05 TWN 39N RNG 13E
  • Municipality: OAK PARK
  • Latitude: 41.8953
  • Longitude: -87.7787

    Address

  • Full Address: 515 N Taylor Ave
  • Address - House Number: 515
  • Street Direction: N
  • Address - Street Name: Taylor
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Oak Park
  • Carrier Code: C040
  • 4-Digit Zip Code: 2421
  • Zip Code: 60302

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,248
  • Tax Rate Code Area: 27001

    Appraisal Valuation

  • Standard Deviation: 0.263
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 534,846
  • High Value: 675,550
  • Low Value: 394,142

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $334,500
  • First Open Lien Mortgage Lender: HOME STATE BANK NA
  • First Open Lien Mortgage Recording Date: Jun 18, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $334,500
  • 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: Apr 01, 2050

    Market Valuation

  • Market Total Value: $550,000
  • Market Land Value: $130,160
  • Market Improvement Value: $419,840

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $55,000
  • Assessed Land Value: $13,016
  • Assessed Improvements Value: $41,984

    Sales

  • Current Sale Contract Date: Jul 01, 2019
  • Current Sale Recording Date: Jul 05, 2019
  • Current Sale Transaction ID: 11619802084
  • Current Sale Price: $345,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1918646155
  • Previous Sale Recording Date: Jul 14, 2011
  • Previous Sale Contract Date: Jun 27, 2011
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOME STATE BANK NA
  • First Mortgage Transaction Date: Jul 05, 2019
  • First Mortgage Loan Amount: $334,650
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2049

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: COLE TAYLOR BANK
  • Previous Mortgage Transaction Date: Jul 14, 2011
  • Previous Mortgage Loan Amount: $156,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2041

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Frequently Asked Questions

What neighborhood is 515 North Taylor Avenue located in?
The 515 North Taylor Avenue is a house located in the neighborhood of Oak Park in Oak Park, Oak Park.
What is the average sales price for listings in 515 North Taylor Avenue?
The average sales price for units in 515 North Taylor Avenue is $0 currently.

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