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623 Richmond Street

623 Richmond Street, Joliet, IL 60435
Property in Cathedral Area
Sold Dec 03, 2012
$109,000
$107,025 by Wintrust Mortgage
Mortgage Due Dec 01, 2042
Sold Jun 22, 2011
$47,000
Seller
623 Richmond Street has been categorized by the local assessors in Joliet, IL as a residential type of property. The building on the property was first built in 1904 and is 120 years old. The home has a total of 10 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 623 Richmond Street has 1,896 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 1,330 ft and across the front of the lot is 360 ft. The area measurement of the land has been determined as 4,788 square feet.

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. The garage measured 440 sqft. According to our sources, there are a total of 2 available parking spaces. 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 exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. Finally, the property is currently sourcing its water from a municipal system. 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, 623 Richmond Street sold most recently in Nov 1, 2012 for a total of $109,000. If you work out the math, that's approximately a cost of $57.49 per sqft. Before that, the property was also sold for $47,000 in Jun 2, 2011. 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 $4,141 in taxes each year. 623 Richmond Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $50,845. If we break it down further, the land itself was valued at $5,795. Improvements to the property, however, were assessed at a total of $45,050. 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. 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. 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: 1904
  • Effective Year Built: 1904
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,788
  • Lot Size Depth Feet: 1,330
  • Lot Size Frontage Feet: 360
  • Total Building Area: 1,896
  • Building Area: 1,896
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,896
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: RICHMOND & RAYNORS ADDITION
  • Land Acres: 0.11
  • Standard Land Use Code: Single family residential
  • Legal Description 1: THE W 36 FT OF LOT 8 IN BLK 4, IN RICHMOND RAYNOR'S ADDN, PRT OF THE W1/2 OF THE SW1/4 OF SEC 9, T35N-R10E.

Ownership

  • Current Owner : MERRITT STEPHANIE L
  • Previous Owner : DAVILA DANIEL
  • Owner Before Previous Owner: FANNIE MAE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882702

Geography

  • Parcel: 30-07-09-321-013
  • Block: 4
  • Lot: 8
  • Meridian: SEC 09 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5254
  • Longitude: -88.0979

    Address

  • Full Address: 623 Richmond St
  • Address - House Number: 623
  • Address - Street Name: Richmond
  • Address - Suffix Type: St
  • State: IL
  • City Name: Joliet
  • Carrier Code: C041
  • 4-Digit Zip Code: 7318
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,141
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 224,516
  • High Value: 263,759
  • Low Value: 185,273

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $107,025
  • First Open Lien Mortgage Lender: WINTRUST MORTGAGE
  • First Open Lien Mortgage Recording Date: Dec 03, 2012
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $107,025
  • 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: Dec 01, 2042

    Market Valuation

  • Market Total Value: $152,535
  • Market Land Value: $17,385
  • Market Improvement Value: $135,150

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $50,845
  • Assessed Land Value: $5,795
  • Assessed Improvements Value: $45,050

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 01, 2012
  • Current Sale Recording Date: Dec 03, 2012
  • Current Sale Transaction ID: 1179112929
  • Current Sale Price: $109,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2012135052
  • Previous Sale Recording Date: Jun 22, 2011
  • Previous Sale Contract Date: Jun 02, 2011
  • Previous Sale Amount: $47,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WINTRUST MORTGAGE
  • First Mortgage Transaction Date: Dec 03, 2012
  • First Mortgage Loan Amount: $107,025
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2042

    Financing

  • First Mortgage Financing Type: Unknown

About Cathedral Area



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Frequently Asked Questions

What neighborhood is 623 Richmond Street located in?
The 623 Richmond Street is a located in the neighborhood of Cathedral Area in Cathedral Area, Joliet.
What is the average sales price for listings in 623 Richmond Street?
The average sales price for units in 623 Richmond Street is $0 currently.

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