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524 Falcon Ridge Way

524 Falcon Ridge Way, Bolingbrook, IL 60440
Property in Du Page
Sold Nov 23, 2021
$253,000
$248,417 by The Federal Savings Bank
Mortgage Due Dec 01, 2051
Sold Sep 01, 2005
$198,000
$178,200 by American Mortgage Network Inc
Mortgage Due Sep 01, 2035
524 Falcon Ridge Way in Bolingbrook, IL was first built in 1973 and is 51 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 ranch/rambler style. It is a single story home. There are a total of 7 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. 524 Falcon Ridge Way has 1,587 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 9,635 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 garage. The garage is 406 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with brick control joints. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. The property was last sold in Nov 4, 2021 for $253,000. That's $159.42 per sqft. Prior to that sales transaction, the property was also sold in Aug 24, 2005 for $198,000. 524 Falcon Ridge Way was last assessed in 2022. The total value of the property was assessed at $74,972. Specifically, the land the property is located on was valued at $15,526. While improvements on the property were assessed at a total of $59,446. 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 $6,818. 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! 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: 1973
  • Effective Year Built: 1973
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Construction Type: Brick
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 406
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,635
  • Total Building Area: 1,587
  • Building Area: 1,587
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,587
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WINSTON WOODS UNIT 5
  • Land Acres: 0.221
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 10 BLOCK 26 IN WINSTON WOODS UNIT 5, BEING A SUB OF PRT OF THE W1/2 OF THE NW1/4 OF SEC. 12, T37N-R10E.

Ownership

  • Current Owner : LEYVA RODRIGO SALAZAR
  • Current Owner 2: MARTINEZ ELIZABETH
  • Previous Owner : BHARATHAIN MURALI
  • Previous Owner 2: BHARATHAIN SITA
  • Owner Before Previous Owner: THACHENKERY CYRIL S
  • Owner Before Previous Owner 2: THACHENKERY MARIA C
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Valley View Community Unit School District 365U
  • Census Tract: 880117

Geography

  • Parcel: 12-02-12-109-009
  • Block: 26
  • Lot: 10
  • Meridian: SEC 12 TWN 37N RNG 10E
  • Municipality: DUPAGE
  • Latitude: 41.7133
  • Longitude: -88.0472

    Address

  • Full Address: 524 Falcon Ridge Way
  • Legal Unit: 5
  • Address - House Number: 524
  • Address - Street Name: Falcon Ridge
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Bolingbrook
  • Carrier Code: C026
  • 4-Digit Zip Code: 2245
  • Zip Code: 60440

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,818
  • Tax Rate Code Area: 1214

    Appraisal Valuation

  • Standard Deviation: 0.1628
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 296,566
  • High Value: 344,863
  • Low Value: 248,269

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $248,417
  • First Open Lien Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Nov 23, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $248,417
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $224,916
  • Market Land Value: $46,578
  • Market Improvement Value: $178,338

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $74,972
  • Assessed Land Value: $15,526
  • Assessed Improvements Value: $59,446

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 04, 2021
  • Current Sale Recording Date: Nov 23, 2021
  • Current Sale Transaction ID: 11869196485
  • Current Sale Price: $253,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2021127430
  • Previous Sale Recording Date: Sep 01, 2005
  • Previous Sale Contract Date: Aug 24, 2005
  • Previous Sale Amount: $198,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Mortgage Transaction Date: Nov 23, 2021
  • First Mortgage Loan Amount: $248,417
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN MORTGAGE NETWORK INC
  • Previous Mortgage Transaction Date: Sep 01, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $178,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Sep 01, 2035

About Bolingbrook



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Frequently Asked Questions

What neighborhood is 524 Falcon Ridge Way located in?
The 524 Falcon Ridge Way is a located in the neighborhood of Du Page in Bolingbrook, Bolingbrook.
What is the average sales price for listings in 524 Falcon Ridge Way?
The average sales price for units in 524 Falcon Ridge Way is $0 currently.

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