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6734 West 131st Street

6734 West 131st Street, Palos Heights, IL 60463
Property in Worth
Sold Jun 09, 2021
$372,000
Sold Jul 12, 2004
$375,000
$300,000 by Marquette Bank
Mortgage Due Jun 01, 2034
Local assessors in Palos Heights, IL have categorized 6734 West 131st Street as a residential type of property. The home was built in 1971 and is 53 years old. The property's lot size has been calculated to be 12,480 square feet. The linear feet between the front and back of the lot was measured at 1,690 ft and the front of the lot was measured at 800 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 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 are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 6734 West 131st Street has a total of 1,927 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. The home sources its water from a municipal system. 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 masonry 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, 6734 West 131st Street sold most recently in Apr 7, 2021 for a total of $372,000. If you work out the math, that's approximately a cost of $193.05 per sqft. Before that, the property was also sold for $375,000 in May 28, 2004. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $10,270 in taxes each year. 6734 West 131st Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $37,000. If we break it down further, the land itself was valued at $7,800. Improvements to the property, however, were assessed at a total of $29,200. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • 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: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,480
  • Lot Size Depth Feet: 1,690
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,927
  • Gross Building Area: 1,927
  • Building Area: 1,927
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,927
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PALOS WESTGATE VIEW/7TH ADD/TR
  • Land Acres: 0.287
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MCMAHON MICHAEL
  • Current Owner 2: MCMAHON MADELINE
  • Previous Owner : HARTING TY
  • Owner Before Previous Owner: FOUNDERS BANK
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Living Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Palos Heights School District 128
  • Census Tract: 823604

Geography

  • District: 39
  • Parcel: 24-31-210-011-0000
  • Lot: 29
  • Meridian: SEC 31 TWN 37N RNG 13E
  • Municipality: WORTH
  • Latitude: 41.654
  • Longitude: -87.7859

    Address

  • Full Address: 6734 W 131st St
  • Address - House Number: 6734
  • Street Direction: W
  • Address - Street Name: 131st
  • Address - Suffix Type: St
  • State: IL
  • City Name: Palos Heights
  • Carrier Code: C023
  • 4-Digit Zip Code: 2628
  • Zip Code: 60463

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,270
  • Tax Rate Code Area: 39073

    Appraisal Valuation

  • Standard Deviation: 0.2305
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 453,655
  • High Value: 558,231
  • Low Value: 349,079

    Market Valuation

  • Market Total Value: $370,000
  • Market Land Value: $78,000
  • Market Improvement Value: $292,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,000
  • Assessed Land Value: $7,800
  • Assessed Improvements Value: $29,200

    Sales

  • Current Sale Contract Date: Apr 07, 2021
  • Current Sale Recording Date: Jun 09, 2021
  • Current Sale Transaction ID: 11838729269
  • Current Sale Price: $372,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2116045070
  • Previous Sale Recording Date: Jul 12, 2004
  • Previous Sale Contract Date: May 28, 2004
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Jun 09, 2021
  • First Mortgage Loan Amount: $279,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: MARQUETTE BANK
  • Previous Mortgage Transaction Date: Jul 12, 2004
  • Previous Mortgage Loan Amount: $300,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Jun 01, 2034

About Palos Heights



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Frequently Asked Questions

What neighborhood is 6734 West 131st Street located in?
The 6734 West 131st Street is a located in the neighborhood of Worth in Palos Heights, Palos Heights.
What is the average sales price for listings in 6734 West 131st Street?
The average sales price for units in 6734 West 131st Street is $0 currently.

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