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516 Garfield Avenue

516 Garfield Avenue, Libertyville, IL 60048
Sold Sep 10, 1998
$191,000
$260,000 by Baxter Cu
Mortgage Due Jul 01, 2035
Sold Jan 18, 1994
$106,000
$151,050 by Prudential Home Mtg
Mortgage Due Feb 01, 2024
516 Garfield Avenue in Libertyville, IL was first built in 1950 and is 74 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 unknown style. It is a single story home. 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. 516 Garfield Avenue has 1,180 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. In total, the area measurement of the land is 7,414 square feet.

Learn more about the property and building on this page. 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 detached garage. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. 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. The property was last sold in Jul 31, 1998 for $191,000. That's $80.93 per sqft. Prior to that sales transaction, the property was also sold in Jan 14, 1994 for $106,000. 516 Garfield Avenue was last assessed in 2023. The total value of the property was assessed at $95,052. Specifically, the land the property is located on was valued at $56,609. While improvements on the property were assessed at a total of $38,443. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $6,422. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Unknown
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,180
  • Garage Type: Detached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,414
  • Total Building Area: 2,360
  • Gross Building Area: 2,360
  • Building Area: 1,180
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,180
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TALMAN & THIELES LINCOLNSHIRE SUB
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RESUB PT BLK E TALMAN & THIELES LINCOLNSHIRE SUB & PT CO.CLE RK S SUB LOT 4 BLOCK 1

Ownership

  • Current Owner : WEDELL JOHN M
  • Current Owner 2: WEDELL NANCY L
  • Previous Owner : JOHNSTON GARY L
  • Previous Owner 2: JOHNSTON ANN M
  • Owner Before Previous Owner: KEY ROBERT W
  • Owner Before Previous Owner 2: KEY MARY ANN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Libertyville School District 70
  • Census Tract: 863903

Geography

  • District: LIBERTYVILLE
  • Parcel: 11-21-121-004
  • Block: E,1
  • Lot: 4
  • Municipality: TWP OF LIBERTYVILLE
  • Latitude: 42.278
  • Longitude: -87.9604

    Address

  • Full Address: 516 Garfield Ave
  • Address - House Number: 516
  • Address - Street Name: Garfield
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Libertyville
  • Carrier Code: C036
  • 4-Digit Zip Code: 2761
  • Zip Code: 60048

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,422
  • Tax Rate Code Area: 11038

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 357,947
  • High Value: 415,129
  • Low Value: 300,765

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $297,300
  • First Open Lien Mortgage Lender: BAXTER CU
  • First Open Lien Mortgage Recording Date: Jun 21, 2005
  • First Open Lien Mortgage Loan Amount: $260,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2035
  • Second Open Lien Mortgage Lender: BAXTER CU
  • Second Open Lien Mortgage Recording Date: Feb 07, 2017
  • Second Open Lien Mortgage Loan Amount: $37,300
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second
  • Second Open Lien Mortgage Loan Due Date: Feb 28, 2037

    Market Valuation

  • Market Total Value: $285,185
  • Market Land Value: $169,844
  • Market Improvement Value: $115,341

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $95,052
  • Assessed Land Value: $56,609
  • Assessed Improvements Value: $38,443

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 31, 1998
  • Current Sale Recording Date: Sep 10, 1998
  • Current Sale Transaction ID: 1178448368
  • Current Sale Price: $191,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 4203017
  • Previous Sale Recording Date: Jan 18, 1994
  • Previous Sale Contract Date: Jan 14, 1994
  • Previous Sale Amount: $106,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROVIDENT MTG
  • First Mortgage Transaction Date: Sep 10, 1998
  • First Mortgage Loan Amount: $171,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Sep 01, 2028

    Previous Mortgages

  • Previous Mortgage Lender: PRUDENTIAL HOME MTG
  • Previous Mortgage Transaction Date: Jan 18, 1994
  • Previous Mortgage Loan Amount: $151,050
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Feb 01, 2024

About Lincoln Shire North



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Unit for rent at 756 Stonegate Road, Libertyville, IL, 60048

$5,900 /mo

  • 4 Beds
  • 3.5 Baths
  • 2,536 ft²
756 Stonegate Road, Libertyville, IL, 60048 Listing by Luigui Corral

Frequently Asked Questions

What neighborhood is 516 Garfield Avenue located in?
The 516 Garfield Avenue is a located in the neighborhood of Lincoln Shire North in Lincoln Shire North, Libertyville.
What is the average sales price for listings in 516 Garfield Avenue?
The average sales price for units in 516 Garfield Avenue is $0 currently.

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