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714 North Lombard Avenue

714 North Lombard Avenue, Oak Park, IL 60302
House in Oak Park
Sold Jan 13, 2020
$535,000
$345,000 by Proper Rate Llc
Mortgage Due Dec 01, 2050
Sold Aug 18, 2017
$140,000
$105,000 by Forest Park National Bank & Tr
Mortgage Due Jul 25, 2018
714 North Lombard Avenue has been categorized by the local assessors in Oak Park, IL as a residential type of property. The building on the property was first built in 1918 and is 106 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 714 North Lombard Avenue has 2,057 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,780 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow style.

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. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. 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. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of materials that we aren't sure of. The exterior walls of the building are made of stucco. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery 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, 714 North Lombard Avenue sold most recently in Dec 21, 2019 for a total of $535,000. If you work out the math, that's approximately a cost of $260.09 per sqft. Before that, the property was also sold for $140,000 in Jul 25, 2017. 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 $7,945 in taxes each year. 714 North Lombard Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $45,409. If we break it down further, the land itself was valued at $4,914. Improvements to the property, however, were assessed at a total of $40,495. 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

Stucco Exterior
Vinyl Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1918
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Other
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,780
  • Total Building Area: 2,057
  • Gross Building Area: 2,057
  • Building Area: 2,057
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,057
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HOOKERS SUB
  • Land Acres: 0.087
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (HOOKERS) SUB OF NE SW SEC 05-39-13

Ownership

  • Current Owner : HARTOG BRIAN K DEN
  • Current Owner 2: SCHLESINGER NORA E
  • Previous Owner : LOMBARD LLC
  • Owner Before Previous Owner: BUNCE LARRY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Oak Park and River Forest District 200
  • Census Tract: 812100

Geography

  • District: 27
  • Parcel: 16-05-311-011-0000
  • Block: 5
  • Lot: 16
  • Meridian: SEC 05 TWN 39N RNG 13E
  • Municipality: OAK PARK
  • Latitude: 41.8989
  • Longitude: -87.7799

    Address

  • Full Address: 714 N Lombard Ave
  • Address - House Number: 714
  • Street Direction: N
  • Address - Street Name: Lombard
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Oak Park
  • Carrier Code: C012
  • 4-Digit Zip Code: 1722
  • Zip Code: 60302

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,945
  • Tax Rate Code Area: 27001

    Appraisal Valuation

  • Standard Deviation: 0.2265
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 501,483
  • High Value: 615,106
  • Low Value: 387,860

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $345,000
  • First Open Lien Mortgage Lender: PROPER RATE LLC
  • First Open Lien Mortgage Recording Date: Apr 12, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $345,000
  • 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, 2050

    Market Valuation

  • Market Total Value: $454,090
  • Market Land Value: $49,140
  • Market Improvement Value: $404,950

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,409
  • Assessed Land Value: $4,914
  • Assessed Improvements Value: $40,495

    Sales

  • Current Sale Contract Date: Dec 21, 2019
  • Current Sale Recording Date: Jan 13, 2020
  • Current Sale Transaction ID: 11716296775
  • Current Sale Price: $535,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2001310011
  • Previous Sale Recording Date: Aug 18, 2017
  • Previous Sale Contract Date: Jul 25, 2017
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Jan 13, 2020
  • First Mortgage Loan Amount: $347,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: FOREST PARK NATIONAL BANK & TR
  • Previous Mortgage Transaction Date: Aug 18, 2017
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $105,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jul 25, 2018

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Frequently Asked Questions

What neighborhood is 714 North Lombard Avenue located in?
The 714 North Lombard Avenue is a house located in the neighborhood of Oak Park in Oak Park, Oak Park.
What is the average sales price for listings in 714 North Lombard Avenue?
The average sales price for units in 714 North Lombard Avenue is $0 currently.

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