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5542 Sedgeway Drive

5542 Sedgeway Drive, Rockford, IL 61109
Property in Southeast
Sold Jun 02, 2017
$119,900
$112,400 by Alpine Bk&tr Co
Mortgage Due Jun 01, 2047
Sold May 30, 2003
$21,900
Local assessors in Rockford, IL have categorized 5542 Sedgeway Drive as a residential type of property. The home was built in 2003 and is 21 years old. The property's lot size has been calculated to be 9,240 square feet. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5542 Sedgeway Drive has a total of 2,168 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 744 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 440 sqft. There are 4 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a roof that is made of asphalt. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. 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, 5542 Sedgeway Drive was last sold in May 31, 2017 for $119,900. According to our calculations, that's $41.17 per sqft. Prior to that sales transaction, the property was sold for $21,900 in May 30, 2003. Current property owners are expected to pay $4,886 in taxes per year. The property on 5542 Sedgeway Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $48,262. To break that down further, the land itself was valued at $7,033. While improvements to the property were assessed at a total of $41,229. 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: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 744
  • Garage Type: Garage
  • Garage Square Area: 440
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 9,240
  • Total Building Area: 2,912
  • Gross Building Area: 2,912
  • Building Area: 2,168
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,168
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HARRISON PARK NO 6
  • Land Acres: 0.212
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HARRISON PARK NO 6 PT N FRL 1/2 SEC 4-43-2 LOT 238

Ownership

  • Current Owner : POLK RICHARD
  • Previous Owner : BORO GLAVAS
  • Previous Owner 2: BORO DUBRAVKA
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 003710

Zoning

  • Zoning: R1

Geography

  • Account Number: 256A538
  • Parcel: 16-04-258-007
  • Lot: 238
  • Meridian: SEC 4 TWN 43 RANGE 2
  • Municipality: CHERRY VALLEY
  • Latitude: 42.2348
  • Longitude: -89.0075

    Address

  • Full Address: 5542 Sedgeway Dr
  • Address - House Number: 5542
  • Address - Street Name: Sedgeway
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rockford
  • Carrier Code: C020
  • 4-Digit Zip Code: 1702
  • Zip Code: 61109

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,886
  • Tax Rate Code Area: 127

    Appraisal Valuation

  • Standard Deviation: 0.2231
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 69
  • Final Value: 202,732
  • High Value: 247,981
  • Low Value: 157,483

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $142,400
  • First Open Lien Mortgage Lender: ALPINE BK&TR CO
  • First Open Lien Mortgage Recording Date: Jun 02, 2017
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $112,400
  • 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, 2047
  • Second Open Lien Mortgage Lender: ROCK VALLEY CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Apr 20, 2023
  • Second Open Lien Mortgage Loan Amount: $30,000
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Apr 07, 2038

    Market Valuation

  • Market Total Value: $144,786
  • Market Land Value: $21,099
  • Market Improvement Value: $123,687

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,262
  • Assessed Land Value: $7,033
  • Assessed Improvements Value: $41,229

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 31, 2017
  • Current Sale Recording Date: Jun 02, 2017
  • Current Sale Transaction ID: 11708717123
  • Current Sale Price: $119,900
  • Current Sale Document Type: Grant Deed
  • Previous Sale Recording Date: May 30, 2003
  • Previous Sale Contract Date: May 30, 2003
  • Previous Sale Amount: $21,900
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ALPINE BK&TR CO
  • First Mortgage Transaction Date: Jun 02, 2017
  • First Mortgage Loan Amount: $112,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2047

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Southeast



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Frequently Asked Questions

What neighborhood is 5542 Sedgeway Drive located in?
The 5542 Sedgeway Drive is a located in the neighborhood of Southeast in Southeast, Rockford.
What is the average sales price for listings in 5542 Sedgeway Drive?
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