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577 Homan Avenue

577 Homan Avenue, Park Forest, IL 60466
Property in Rich
Sold Jul 28, 2017
$102,000
$100,152 by Bbmc Mortgage Llc
Mortgage Due Jul 01, 2047
Sold Aug 13, 2014
Transfer
577 Homan Avenue has been categorized by the local assessors in Park Forest, IL as a residential type of property. The building on the property was first built in 1966 and is 58 years old. The home has a total of 6 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 577 Homan Avenue has 1,439 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 1,250 ft and across the front of the lot is 650 ft. The area measurement of the land has been determined as 8,400 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level 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 masonry. 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, 577 Homan Avenue was last sold in Jun 23, 2017 for $102,000. According to our calculations, that's $70.88 per sqft. Current property owners are expected to pay $8,716 in taxes per year. The property on 577 Homan Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $16,000. To break that down further, the land itself was valued at $3,360. While improvements to the property were assessed at a total of $12,640. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,400
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,439
  • Gross Building Area: 1,439
  • Building Area: 1,439
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,439
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LINCOLNWOOD WEST
  • Land Acres: 0.193
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (LINCOLNWOOD) (WEST) SUB OF PT OF SE SEC 23-35-13 & P T OF SW SEC 24-35-13 SEC 23-35-13

Ownership

  • Current Owner : REYNOLDS MARK
  • Current Owner 2: REYNOLDS YVETTE A
  • Previous Owner : BUFFMAN SCOTT WALTER E R
  • Previous Owner 2: BUFFMAN SCOTT LATOYA
  • Owner Before Previous Owner: FANNIE MAE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Matteson Elementary School District 162
  • Census Tract: 830100

Geography

  • District: 32
  • Parcel: 31-23-434-016-0000
  • Block: 53
  • Lot: 16
  • Meridian: SEC 23 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.4997
  • Longitude: -87.6981

    Address

  • Full Address: 577 Homan Ave
  • Address - House Number: 577
  • Address - Street Name: Homan
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C025
  • 4-Digit Zip Code: 1070
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,716
  • Tax Rate Code Area: 32018

    Appraisal Valuation

  • Standard Deviation: 0.2649
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 186,022
  • High Value: 235,315
  • Low Value: 136,729

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $100,152
  • First Open Lien Mortgage Lender: BBMC MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jul 28, 2017
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $100,152
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2047

    Market Valuation

  • Market Total Value: $160,000
  • Market Land Value: $33,600
  • Market Improvement Value: $126,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,000
  • Assessed Land Value: $3,360
  • Assessed Improvements Value: $12,640

    Sales

  • Current Sale Contract Date: Jun 23, 2017
  • Current Sale Recording Date: Jul 28, 2017
  • Current Sale Transaction ID: 1731816983
  • Current Sale Price: $102,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1720945065
  • Previous Sale Recording Date: Aug 13, 2014
  • Previous Sale Contract Date: Jul 17, 2014
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BBMC MORTGAGE LLC
  • First Mortgage Transaction Date: Jul 28, 2017
  • First Mortgage Loan Amount: $100,152
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2047

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Park Forest



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 577 Homan Avenue located in?
The 577 Homan Avenue is a located in the neighborhood of Rich in Park Forest, Park Forest.
What is the average sales price for listings in 577 Homan Avenue?
The average sales price for units in 577 Homan Avenue is $0 currently.

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