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701 South Seminary Avenue

701 South Seminary Avenue, Park Ridge, IL 60068
Property in Park Ridge
Sold Dec 22, 2021
$542,000
$514,900 by Us Bank Na
Mortgage Due Dec 01, 2051
Sold Mar 03, 2021
$535,000
701 South Seminary Avenue in Park Ridge, IL was first built in 1948 and is 76 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 701 South Seminary Avenue has 2,857 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. In total, the area measurement of the land is 9,100 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a attached garage. 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 quality of the control joints have been graded by the local assessor with a letter grade of A. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a hot water heating system. 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, 701 South Seminary Avenue sold most recently in Nov 18, 2021 for a total of $542,000. If you work out the math, that's approximately a cost of $189.71 per sqft. Before that, the property was also sold for $535,000 in Dec 11, 2020. 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 $13,206 in taxes each year. 701 South Seminary Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $54,200. If we break it down further, the land itself was valued at $15,470. Improvements to the property, however, were assessed at a total of $38,730. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Frame
  • Building Style: Unknown
  • 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: 9,100
  • Total Building Area: 2,857
  • Gross Building Area: 2,857
  • Building Area: 2,857
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 2,857
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TALCOTT ROAD ADD NUMBER3
  • Land Acres: 0.209
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (TALCOTT) ROAD ADD (NUMBER3) TO PARK RIDGE SUB OF PT LT3 IN EHRHARDS SUB OF EH SEC 34-41-12

Ownership

  • Current Owner : HOERR GRANT
  • Current Owner 2: HOERR KARI
  • Previous Owner : SCHAEFER CHRISTINE N
  • Owner Before Previous Owner: SCHAEFER JOHN R
  • Owner Before Previous Owner 2: SUSAN K SCHAEFER TRUST
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Park Ridge Consolidated Community School District 64
  • Census Tract: 805701

Geography

  • District: 22
  • Parcel: 09-34-422-001-0000
  • Lot: 3
  • Meridian: SEC 34 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0022
  • Longitude: -87.8477

    Address

  • Full Address: 701 S Seminary Ave
  • Address - House Number: 701
  • Street Direction: S
  • Address - Street Name: Seminary
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Park Ridge
  • Carrier Code: C016
  • 4-Digit Zip Code: 4484
  • Zip Code: 60068

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,206
  • Tax Rate Code Area: 22031

    Appraisal Valuation

  • Standard Deviation: 0.2284
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 714,161
  • High Value: 877,303
  • Low Value: 551,020

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $514,900
  • First Open Lien Mortgage Lender: US BANK NA
  • First Open Lien Mortgage Recording Date: Dec 22, 2021
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $514,900
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $542,000
  • Market Land Value: $154,700
  • Market Improvement Value: $387,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,200
  • Assessed Land Value: $15,470
  • Assessed Improvements Value: $38,730

    Sales

  • Current Sale Contract Date: Nov 18, 2021
  • Current Sale Recording Date: Dec 22, 2021
  • Current Sale Transaction ID: 11875622500
  • Current Sale Price: $542,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2135606550
  • Previous Sale Recording Date: Mar 03, 2021
  • Previous Sale Contract Date: Dec 11, 2020
  • Previous Sale Amount: $535,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: Dec 22, 2021
  • First Mortgage Loan Amount: $514,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Financing

  • First Mortgage Financing Type: Unknown

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Frequently Asked Questions

What neighborhood is 701 South Seminary Avenue located in?
The 701 South Seminary Avenue is a located in the neighborhood of Park Ridge in Park Ridge, Park Ridge.
What is the average sales price for listings in 701 South Seminary Avenue?
The average sales price for units in 701 South Seminary Avenue is $0 currently.

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