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704 Plank Road

704 Plank Road, New Lenox, IL 60451
Property in New Lenox
Sold Aug 04, 2020
$270,000
$261,900 by Plaza Home Mortgage Inc
Mortgage Due Aug 01, 2050
Sold May 28, 2003
$195,000
$175,410 by United Pacific Funding Corp
Mortgage Due Jun 01, 2033
Local assessors in New Lenox, IL have categorized 704 Plank Road as a residential type of property. The home was built in 1997 and is 27 years old. The property's lot size has been calculated to be 11,050 square feet. The linear feet between the front and back of the lot was measured at 1,300 ft and the front of the lot was measured at 850 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 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.

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 well system. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. 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, 704 Plank Road sold most recently in Jul 19, 2020 for a total of $270,000. Before that, the property was also sold for $195,000 in Apr 30, 2003. 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 $7,469 in taxes each year. 704 Plank Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $92,319. If we break it down further, the land itself was valued at $28,015. Improvements to the property, however, were assessed at a total of $64,304. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1997
  • Effective Year Built: 1997
  • Total Rooms: 7
  • Bedroom Count: 3
  • Building Style: Ranch/Rambler
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,050
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 850
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: WINDERMERE EAST UNIT 7
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 142 IN WINDERMERE EAST, UNIT 7, A SUB OF THE E1/2 SE1/4 OF SEC 22, T35N-R11E.

Ownership

  • Current Owner : SCHWARTZ LISA
  • Current Owner 2: SCHWARTZ MATTHEW
  • Previous Owner : TAYLOR JEANIE M
  • Previous Owner 2: POSSEMATO JEANIE
  • Owner Before Previous Owner: CRAMER SCOTT A
  • Owner Before Previous Owner 2: CRAMER EVONNE K
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881115

Geography

  • Parcel: 15-08-22-427-015
  • Lot: 142
  • Meridian: SEC 22 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5027
  • Longitude: -87.9495

    Address

  • Full Address: 704 Plank Rd
  • Legal Unit: 7
  • Address - House Number: 704
  • Address - Street Name: Plank
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: New Lenox
  • Carrier Code: R009
  • 4-Digit Zip Code: 3642
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,469
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1504
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 343,486
  • High Value: 395,156
  • Low Value: 291,816

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $261,900
  • First Open Lien Mortgage Lender: PLAZA HOME MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Aug 04, 2020
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $261,900
  • 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: Aug 01, 2050

    Market Valuation

  • Market Total Value: $276,957
  • Market Land Value: $84,045
  • Market Improvement Value: $192,912

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $92,319
  • Assessed Land Value: $28,015
  • Assessed Improvements Value: $64,304

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 19, 2020
  • Current Sale Recording Date: Aug 04, 2020
  • Current Sale Transaction ID: 11776784362
  • Current Sale Price: $270,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2020063361
  • Previous Sale Recording Date: May 28, 2003
  • Previous Sale Contract Date: Apr 30, 2003
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PLAZA HOME MORTGAGE INC
  • First Mortgage Transaction Date: Aug 04, 2020
  • First Mortgage Loan Amount: $261,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: UNITED PACIFIC FUNDING CORP
  • Previous Mortgage Transaction Date: May 28, 2003
  • Previous Mortgage Loan Amount: $175,410
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 01, 2033

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Frequently Asked Questions

What neighborhood is 704 Plank Road located in?
The 704 Plank Road is a located in the neighborhood of New Lenox in New Lenox, New Lenox.
What is the average sales price for listings in 704 Plank Road?
The average sales price for units in 704 Plank Road is $0 currently.

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