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529 Farm View Road

529 Farm View Road, University Park, IL 60484
Property in Monee
Sold Oct 03, 2018
$155,000
$155,000 by Mortgage Research Center Llc
Mortgage Due Nov 01, 2048
Sold Mar 16, 2018
$50,006
529 Farm View Road has been categorized by the local assessors in University Park, IL as a residential type of property. The building on the property was first built in 1975 and is 49 years old. The home has a total of 9 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 529 Farm View Road has 2,553 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 767 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 850 ft and across the front of the lot is 1,110 ft. The area measurement of the land has been determined as 9,435 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level 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 attached 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 a open porch. 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. The exterior walls of the building are made of brick. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a municipal system. 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, 529 Farm View Road sold most recently in Jul 13, 2018 for a total of $155,000. If you work out the math, that's approximately a cost of $51.79 per sqft. Before that, the property was also sold for $50,006 in Feb 22, 2018. 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 $0 in taxes each year. 529 Farm View Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $47,796. If we break it down further, the land itself was valued at $6,371. Improvements to the property, however, were assessed at a total of $41,425. 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. 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!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: 1975
  • Effective Year Built: 1975
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 767
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 9,435
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 1,110
  • Total Building Area: 2,993
  • Building Area: 2,553
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,553
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PARK FOREST SOUTH UNIT #5
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 1 BLOCK 6 IN PARK FOREST SOUTH UNIT 5, BEING A SUB OF PRT OF THE E1/2 OF THE SE1/4 OF SEC. 13, T34N-R13E.

Ownership

  • Current Owner : OLIVER TARRICE
  • Previous Owner : SUNWAY REALTY LC
  • Owner Before Previous Owner: BANK OF AMERICA NA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883606

Geography

  • Parcel: 21-14-13-416-008
  • Block: 6
  • Lot: 1
  • Meridian: SEC 13 TWN 34N RNG 13E
  • Municipality: MONEE
  • Latitude: 41.4286
  • Longitude: -87.6738

    Address

  • Full Address: 529 Farm View Rd
  • Legal Unit: 5
  • Address - House Number: 529
  • Address - Street Name: Farm View
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: University Park
  • Carrier Code: C027
  • 4-Digit Zip Code: 3305
  • Zip Code: 60484

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 2106

    Appraisal Valuation

  • Standard Deviation: 0.1738
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 231,143
  • High Value: 271,337
  • Low Value: 190,950

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $155,000
  • First Open Lien Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • First Open Lien Mortgage Recording Date: Oct 03, 2018
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $155,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2048

    Market Valuation

  • Market Total Value: $143,388
  • Market Land Value: $19,113
  • Market Improvement Value: $124,275

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,796
  • Assessed Land Value: $6,371
  • Assessed Improvements Value: $41,425

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 13, 2018
  • Current Sale Recording Date: Oct 03, 2018
  • Current Sale Transaction ID: 11511817616
  • Current Sale Price: $155,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2018069746
  • Previous Sale Recording Date: Mar 16, 2018
  • Previous Sale Contract Date: Feb 22, 2018
  • Previous Sale Amount: $50,006
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • First Mortgage Transaction Date: Oct 03, 2018
  • First Mortgage Loan Amount: $155,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Nov 01, 2048

    Financing

  • First Mortgage Financing Type: Fixed Rate

About University Park



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Frequently Asked Questions

What neighborhood is 529 Farm View Road located in?
The 529 Farm View Road is a located in the neighborhood of Monee in University Park, University Park.
What is the average sales price for listings in 529 Farm View Road?
The average sales price for units in 529 Farm View Road is $0 currently.

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