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550 Clavey Lane

550 Clavey Lane, Highland Park, IL 60035
Property in Moraine
Sold Feb 18, 2016
$325,000
$385,000 by Lower Llc
Mortgage Due Jan 01, 2052
550 Clavey Lane has been categorized by the local assessors in Highland Park, IL as a residential type of property. The building on the property was first built in 1946 and is 78 years old. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 550 Clavey Lane has 2,325 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 24,568 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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 462 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. 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. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of brick. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 550 Clavey Lane was last sold in Feb 12, 2016 for $325,000. According to our calculations, that's $84.77 per sqft. Current property owners are expected to pay $14,683 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 550 Clavey Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $213,281. To break that down further, the land itself was valued at $51,366. While improvements to the property were assessed at a total of $161,915. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,047
  • Garage Type: Attached
  • Garage Square Area: 462
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 24,568
  • Total Building Area: 3,834
  • Gross Building Area: 3,834
  • Building Area: 2,325
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,325
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CLAVEY
  • Land Acres: 0.564
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RESUB OF CLAVEY CORNERS UNIT 2 SUB;(EX PT LT30 DAFS,BEG NWCO R,NELY 18,SELY 134.54TO SLY LN SD LT,SWLY 33,NWLY 130TO POB & EX BEG AT APNT 18NELY OF NWLY COR, NELY 34.13,SELY 1

Ownership

  • Current Owner : HOFFBERG AARON S
  • Current Owner 2: HOFFBERG AMY W
  • Previous Owner : FINKE LUCILLE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Township High School District 113
  • Census Tract: 865801

Geography

  • Assessors Map Reference: 2757-D1
  • District: MORAINE
  • Parcel: 16-35-102-023
  • Lot: 30
  • Municipality: TWP OF MORAINE
  • Latitude: 42.1625
  • Longitude: -87.8076

    Address

  • Full Address: 550 Clavey Ln
  • Legal Unit: 2
  • Address - House Number: 550
  • Address - Street Name: Clavey
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Highland Park
  • Carrier Code: C010
  • 4-Digit Zip Code: 4533
  • Zip Code: 60035

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,683
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 18007

    Appraisal Valuation

  • Standard Deviation: 0.1722
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 592,385
  • High Value: 694,397
  • Low Value: 490,373

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $385,000
  • First Open Lien Mortgage Lender: LOWER LLC
  • First Open Lien Mortgage Recording Date: Jan 25, 2022
  • First Open Lien Mortgage Loan Amount: $385,000
  • 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: Jan 01, 2052

    Market Valuation

  • Market Total Value: $639,907
  • Market Land Value: $154,113
  • Market Improvement Value: $485,794

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $213,281
  • Assessed Land Value: $51,366
  • Assessed Improvements Value: $161,915

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 12, 2016
  • Current Sale Recording Date: Feb 18, 2016
  • Current Sale Transaction ID: 1440029399
  • Current Sale Price: $325,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7269772

    Last Sale Mortgage

  • First Mortgage Lender: THE PRIVATEBANK & TRUST CO
  • First Mortgage Transaction Date: Feb 18, 2016
  • First Mortgage Loan Amount: $260,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2046

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 550 Clavey Lane located in?
The 550 Clavey Lane is a located in the neighborhood of Moraine in Highland Park, Highland Park.
What is the average sales price for listings in 550 Clavey Lane?
The average sales price for units in 550 Clavey Lane is $0 currently.

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