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520 Chestnut Lane

520 Chestnut Lane, Beecher, IL 60401
House in Washington
Sold Mar 05, 2021
$240,000
$235,653 by Stearns Lending Llc
Mortgage Due Mar 01, 2051
Sold Mar 16, 2020
$133,000
Local assessors in Beecher, IL have categorized 520 Chestnut Lane as a residential type of property. The property's lot size has been calculated to be 11,250 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 750 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 3 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 are 2 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis.

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. The home sources its water from a municipal system. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Feb 5, 2021 for $240,000. Prior to that sales transaction, the property was also sold in Mar 12, 2020 for $133,000. 520 Chestnut Lane was last assessed in 2022. The total value of the property was assessed at $76,274. Specifically, the land the property is located on was valued at $14,148. While improvements on the property were assessed at a total of $62,126. 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 $6,026. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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.

Building Features

Exterior

Brick Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,250
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 750
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: COUNTRY TERRACE
  • Land Acres: 0.26
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 28 IN COUNTRY TERRACE SUB, BEING A SUB OF PRT OF THE E1/2 OF THE NW1/4 OF SEC 16, T33N-R14E.

Ownership

  • Current Owner : GALLEGOS OSCAR A
  • Current Owner 2: GALLEGOS MARIA L
  • Previous Owner : MINOTTI MARILYN
  • Owner Before Previous Owner: BESEKE BERNICE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Beecher Community Unit School District 200U
  • Census Tract: 883902

Geography

  • Parcel: 22-22-16-102-035
  • Lot: 28
  • Meridian: SEC 16 TWN 33N RNG 14E
  • Municipality: WASHINGTON
  • Latitude: 41.3501
  • Longitude: -87.6229

    Address

  • Full Address: 520 Chestnut Ln
  • Address - House Number: 520
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Beecher
  • Carrier Code: R777
  • 4-Digit Zip Code: 6605
  • Zip Code: 60401

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,026
  • Tax Rate Code Area: 2201

    Appraisal Valuation

  • Standard Deviation: 0.1484
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 285,673
  • High Value: 328,071
  • Low Value: 243,276

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $247,361
  • First Open Lien Mortgage Lender: STEARNS LENDING LLC
  • First Open Lien Mortgage Recording Date: Mar 05, 2021
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $235,653
  • 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: Mar 01, 2051
  • Second Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Second Open Lien Mortgage Recording Date: Jul 03, 2023
  • Second Open Lien Mortgage Loan Amount: $11,708
  • Second Open Lien Mortgage Term: 479
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Jul 01, 2063

    Market Valuation

  • Market Total Value: $228,822
  • Market Land Value: $42,444
  • Market Improvement Value: $186,378

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $76,274
  • Assessed Land Value: $14,148
  • Assessed Improvements Value: $62,126

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 05, 2021
  • Current Sale Recording Date: Mar 05, 2021
  • Current Sale Transaction ID: 11823557439
  • Current Sale Price: $240,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2021025838
  • Previous Sale Recording Date: Mar 16, 2020
  • Previous Sale Contract Date: Mar 12, 2020
  • Previous Sale Amount: $133,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STEARNS LENDING LLC
  • First Mortgage Transaction Date: Mar 05, 2021
  • First Mortgage Loan Amount: $235,653
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2051

    Financing

  • First Mortgage Financing Type: Unknown

About Beecher



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Frequently Asked Questions

What neighborhood is 520 Chestnut Lane located in?
The 520 Chestnut Lane is a house located in the neighborhood of Washington in Beecher, Beecher.
What is the average sales price for listings in 520 Chestnut Lane?
The average sales price for units in 520 Chestnut Lane is $0 currently.

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