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555 Ashland Avenue

555 Ashland Avenue, River Forest, IL 60305
Property in River Forest
Sold Jul 26, 2021
$1,100,000
$880,000 by Wells Fargo Bank Na
Mortgage Due Jul 01, 2051
555 Ashland Avenue has been categorized by the local assessors in River Forest, IL as a residential type of property. The building on the property was first built in 1898 and is 126 years old. The home has a total of 11 rooms. 6 of these rooms are legally considered as bedrooms. 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, 555 Ashland Avenue has 4,425 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 500 ft and across the front of the lot is 1,570 ft. The area measurement of the land has been determined as 7,850 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown 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 detached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. 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 C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of wood. 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. 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, 555 Ashland Avenue was last sold in Jun 10, 2021 for $1,100,000. According to our calculations, that's $248.59 per sqft. Current property owners are expected to pay $26,658 in taxes per year. The property on 555 Ashland Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $103,000. To break that down further, the land itself was valued at $10,205. While improvements to the property were assessed at a total of $92,795. 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: 1898
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,850
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 1,570
  • Total Building Area: 4,425
  • Gross Building Area: 4,425
  • Building Area: 4,425
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 4,425
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PART OF RIVER FOREST
  • Land Acres: 0.18
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (PART) OF (RIVER) (FOREST) SUB AS SURVEYED FOR THE SU BURBAN HOME MUTUAL LAND ASSOCIATION IN SEC 12-39-12

Ownership

  • Current Owner : REED MICHAEL
  • Current Owner 2: REED ASHLEY
  • Previous Owner : REILLY SUSAN J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: River Forest School District 90
  • Census Tract: 812000

Geography

  • District: 33
  • Parcel: 15-12-111-012-0000
  • Block: 2
  • Lot: 33
  • Meridian: SEC 12 TWN 39N RNG 12E
  • Municipality: RIVER FOREST
  • Latitude: 41.8903
  • Longitude: -87.8158

    Address

  • Full Address: 555 Ashland Ave
  • Address - House Number: 555
  • Address - Street Name: Ashland
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: River Forest
  • Carrier Code: C018
  • 4-Digit Zip Code: 1824
  • Zip Code: 60305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $26,658
  • Tax Rate Code Area: 33001

    Appraisal Valuation

  • Standard Deviation: 0.2628
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 1,389,866
  • High Value: 1,755,136
  • Low Value: 1,024,595

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $880,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jul 26, 2021
  • First Open Lien Mortgage Loan Amount: $880,000
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $1,030,000
  • Market Land Value: $102,050
  • Market Improvement Value: $927,950

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $103,000
  • Assessed Land Value: $10,205
  • Assessed Improvements Value: $92,795

    Sales

  • Current Sale Contract Date: Jun 10, 2021
  • Current Sale Recording Date: Jul 26, 2021
  • Current Sale Transaction ID: 11845288691
  • Current Sale Price: $1,100,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2120718016

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jul 26, 2021
  • First Mortgage Loan Amount: $880,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

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Frequently Asked Questions

What neighborhood is 555 Ashland Avenue located in?
The 555 Ashland Avenue is a located in the neighborhood of River Forest in River Forest, River Forest.
What is the average sales price for listings in 555 Ashland Avenue?
The average sales price for units in 555 Ashland Avenue is $0 currently.

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