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554 Arbor Avenue

554 Arbor Avenue, West Chicago, IL 60185
Property in Winfield
Sold May 12, 2016
$224,000
$212,800 by Dupage Cu
Mortgage Due Jun 01, 2046
Sold Jun 26, 2007
$242,000
$238,300 by Crown Home Mortgage
Mortgage Due May 01, 2037
554 Arbor Avenue has been categorized by the local assessors in West Chicago, IL as a residential type of property. The building on the property was first built in 1953 and is 71 years old. The home has a total of 6 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. The building has a total of 2 stories. In addition, 554 Arbor Avenue has 1,152 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,350 ft and across the front of the lot is 550 ft. The area measurement of the land has been determined as 7,405 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a a-frame 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 garage for those who require parking. The garage measured 360 sqft. According to our sources, there is one available parking space. 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 building has a hip style roof made of composition shingle. The inside of the home is being cooled with central 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. 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, 554 Arbor Avenue was last sold in May 6, 2016 for $224,000. According to our calculations, that's $116.67 per sqft. Prior to that sales transaction, the property was sold for $242,000 in Apr 30, 2007. Current property owners are expected to pay $6,201 in taxes per year. The property on 554 Arbor Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $71,520. To break that down further, the land itself was valued at $18,350. While improvements to the property were assessed at a total of $53,170. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Full Bathrooms: 1
  • Construction Type: Frame
  • Building Style: A-frame
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 768
  • Garage Type: Garage
  • Garage Square Area: 360
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,920
  • Gross Building Area: 1,920
  • Building Area: 1,152
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,152
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BLOCH REAL EST
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BLOCH REAL EST 1ST ADD W CHGO

Ownership

  • Current Owner : LAY JOHN A
  • Current Owner 2: LAY MARGARET E
  • Previous Owner : MILLER NATHAN
  • Previous Owner 2: MILLER CRYSTAL
  • Owner Before Previous Owner: MACNERLAND JOHN D
  • Owner Before Previous Owner 2: MACNERLAND JUDITH A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: West Chicago School District 33
  • School Tax School District: WEST CHICAGO
  • Census Tract: 841501

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3022-C3
  • Parcel: 04-04-403-013
  • Block: 1
  • Lot: 2
  • Municipality: WINFIELD
  • Latitude: 41.8925
  • Longitude: -88.2047

    Address

  • Full Address: 554 Arbor Ave
  • Address - House Number: 554
  • Address - Street Name: Arbor
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: West Chicago
  • Carrier Code: C011
  • 4-Digit Zip Code: 2152
  • Zip Code: 60185

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,201
  • Tax Rate Code Area: 4011

    Appraisal Valuation

  • Standard Deviation: 0.1745
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 299,865
  • High Value: 352,210
  • Low Value: 247,521

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $212,800
  • First Open Lien Mortgage Lender: DUPAGE CU
  • First Open Lien Mortgage Recording Date: May 12, 2016
  • First Open Lien Mortgage Loan Amount: $212,800
  • 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: Jun 01, 2046

    Market Valuation

  • Market Total Value: $214,560
  • Market Land Value: $55,050
  • Market Improvement Value: $159,510

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $71,520
  • Assessed Land Value: $18,350
  • Assessed Improvements Value: $53,170

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 06, 2016
  • Current Sale Recording Date: May 12, 2016
  • Current Sale Transaction ID: 1548161558
  • Current Sale Price: $224,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2016-046248
  • Previous Sale Recording Date: Jun 26, 2007
  • Previous Sale Contract Date: Apr 30, 2007
  • Previous Sale Amount: $242,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: DUPAGE CU
  • First Mortgage Transaction Date: May 12, 2016
  • First Mortgage Loan Amount: $212,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: CROWN HOME MORTGAGE
  • Previous Mortgage Transaction Date: Jun 26, 2007
  • Previous Mortgage Loan Amount: $238,300
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: May 01, 2037

About West Chicago



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Frequently Asked Questions

What neighborhood is 554 Arbor Avenue located in?
The 554 Arbor Avenue is a located in the neighborhood of Winfield in West Chicago, West Chicago.
What is the average sales price for listings in 554 Arbor Avenue?
The average sales price for units in 554 Arbor Avenue is $0 currently.

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