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557 North Lincoln Street

557 North Lincoln Street, Hinsdale, IL 60521
Property in Downers Grove
Sold Apr 17, 2015
$926,000
$740,800 by Liberty Bank For Savings
Mortgage Due May 01, 2045
Sold Aug 15, 2002
$710,000
$100,000 by Countrywide Home Loans Inc
Mortgage Due Aug 01, 2032
557 North Lincoln Street in Hinsdale, IL was first built in 1974 and is 50 years old. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 557 North Lincoln Street has 3,081 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 1,225 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 700 ft and the linear feet between the front and back of the lot is 1,650. In total, the area measurement of the land is 98,881 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. The garage is 483 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 557 North Lincoln Street sold most recently in Apr 2, 2015 for a total of $926,000. If you work out the math, that's approximately a cost of $215.05 per sqft. Before that, the property was also sold for $710,000 in Jul 31, 2002. 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 $16,694 in taxes each year. 557 North Lincoln Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $324,410. If we break it down further, the land itself was valued at $117,050. Improvements to the property, however, were assessed at a total of $207,360. 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. 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.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: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 2
  • Construction Type: Frame
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,225
  • Garage Type: Garage
  • Garage Square Area: 483
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 98,881
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 700
  • Total Building Area: 4,306
  • Gross Building Area: 4,306
  • Building Area: 3,081
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 3,081
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LANSINGS ADD TO HINSDALE
  • Land Acres: 2.27
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LANSINGS ADD TO HINSDALE S 20 FT ALL

Ownership

  • Current Owner : HENDY MATTHEW N
  • Previous Owner : ZIMMERMAN THOMAS
  • Previous Owner 2: ZIMMERMAN JUDITH A
  • Owner Before Previous Owner: OGREN FRANK G
  • Owner Before Previous Owner 2: FRANK G OGREN DECLARATION OF T
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hinsdale Township High School District 86
  • School Tax School District: HINSDALE
  • Census Tract: 844702

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3086-A7
  • Parcel: 09-01-123-018
  • Block: 2
  • Lot: 7
  • Municipality: DOWNERS GROVE
  • Latitude: 41.8122
  • Longitude: -87.9309

    Address

  • Full Address: 557 N Lincoln St
  • Address - House Number: 557
  • Street Direction: N
  • Address - Street Name: Lincoln
  • Address - Suffix Type: St
  • State: IL
  • City Name: Hinsdale
  • Carrier Code: C010
  • 4-Digit Zip Code: 3460
  • Zip Code: 60521

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,694
  • Tax Rate Code Area: 9059

    Appraisal Valuation

  • Standard Deviation: 0.1547
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 1,115,702
  • High Value: 1,288,314
  • Low Value: 943,089

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $740,800
  • First Open Lien Mortgage Lender: LIBERTY BANK FOR SAVINGS
  • First Open Lien Mortgage Recording Date: Apr 17, 2015
  • First Open Lien Mortgage Loan Amount: $740,800
  • 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: May 01, 2045

    Market Valuation

  • Market Total Value: $973,230
  • Market Land Value: $351,150
  • Market Improvement Value: $622,080

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $324,410
  • Assessed Land Value: $117,050
  • Assessed Improvements Value: $207,360

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 02, 2015
  • Current Sale Recording Date: Apr 17, 2015
  • Current Sale Transaction ID: 1226257742
  • Current Sale Price: $926,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2015-040296
  • Previous Sale Recording Date: Aug 15, 2002
  • Previous Sale Contract Date: Jul 31, 2002
  • Previous Sale Amount: $710,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: LIBERTY BANK FOR SAVINGS
  • First Mortgage Transaction Date: Apr 17, 2015
  • First Mortgage Loan Amount: $740,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2045

    Previous Mortgages

  • Previous Mortgage Lender: COUNTRYWIDE HOME LOANS INC
  • Previous Mortgage Transaction Date: Aug 15, 2002
  • Previous Mortgage Loan Amount: $100,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Aug 01, 2032

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Frequently Asked Questions

What neighborhood is 557 North Lincoln Street located in?
The 557 North Lincoln Street is a located in the neighborhood of Downers Grove in Hinsdale, Hinsdale.
What is the average sales price for listings in 557 North Lincoln Street?
The average sales price for units in 557 North Lincoln Street is $0 currently.

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