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6316 El Morro Lane

6316 El Morro Lane, Oak Forest, IL 60452
Property in Bremen
Sold Apr 05, 1994
$96,666
$99,500 by Ditech Financial Llc
Mortgage Due Oct 01, 2032
Local assessors in Oak Forest, IL have categorized 6316 El Morro Lane as a residential type of property. The home was built in 1973 and is 51 years old. The property's lot size has been calculated to be 6,600 square feet. The linear feet between the front and back of the lot was measured at 600 ft and the front of the lot was measured at 1,100 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bungalow style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 6316 El Morro Lane has a total of 1,313 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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 attached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 6316 El Morro Lane sold most recently in Mar 31, 1994 for a total of $96,666. If you work out the math, that's approximately a cost of $73.62 per sqft. 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 $5,411 in taxes each year. 6316 El Morro Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $26,000. If we break it down further, the land itself was valued at $2,970. Improvements to the property, however, were assessed at a total of $23,030. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1973
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,600
  • Lot Size Depth Feet: 600
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 1,313
  • Gross Building Area: 1,313
  • Building Area: 1,313
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,313
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 8TH ADD TO MEDEMAS ELVISTA
  • Land Acres: 0.152
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (8TH) ADD TO (MEDEMAS)(ELVISTA) GARDENS SUB OF PT OF NW SEC 17-36-13

Ownership

  • Current Owner : KEATING THOMAS J
  • Current Owner 2: KEATING JANET L
  • Previous Owner : GADOMSKI MARK M
  • Previous Owner 2: SHUBAT MARY KAY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Forest Ridge School District 142
  • Census Tract: 824509

Geography

  • District: 13
  • Parcel: 28-17-125-007-0000
  • Block: 22
  • Lot: 7
  • Meridian: SEC 17 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6169
  • Longitude: -87.7743

    Address

  • Full Address: 6316 El Morro Ln
  • Address - House Number: 6316
  • Address - Street Name: El Morro
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C012
  • 4-Digit Zip Code: 1706
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,411
  • Tax Rate Code Area: 13067

    Appraisal Valuation

  • Standard Deviation: 0.2699
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 61
  • Final Value: 324,595
  • High Value: 412,229
  • Low Value: 236,962

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $99,500
  • First Open Lien Mortgage Lender: DITECH FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Sep 15, 2017
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $99,500
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2032

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $29,700
  • Market Improvement Value: $230,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $2,970
  • Assessed Improvements Value: $23,030

    Sales

  • Current Sale Contract Date: Mar 31, 1994
  • Current Sale Recording Date: Apr 05, 1994
  • Current Sale Transaction ID: 1080300142
  • Current Sale Price: $96,666
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 94304074

    Last Sale Mortgage

  • First Mortgage Lender: SECURITY FEDERAL BANK
  • First Mortgage Transaction Date: Apr 05, 1994
  • First Mortgage Loan Amount: $110,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Apr 01, 2024

About Oak Forest



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Frequently Asked Questions

What neighborhood is 6316 El Morro Lane located in?
The 6316 El Morro Lane is a located in the neighborhood of Bremen in Oak Forest, Oak Forest.
What is the average sales price for listings in 6316 El Morro Lane?
The average sales price for units in 6316 El Morro Lane is $0 currently.

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