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721 East Roosevelt Road

721 East Roosevelt Road, Wheaton, IL 60187
Property in Milton
1 Units For Sale
Unit for sale at 721 E Roosevelt Road, Wheaton, IL 60187

$395,000

  • Commercial
  • 1,676 ft²
721 E Roosevelt Road, Wheaton, IL 60187 Listing by John Gillespie

721 East Roosevelt Road has been categorized by the local assessors in Wheaton, IL as a commercial type of property. The building on the property was first built in 1955 and is 69 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 721 East Roosevelt Road has 1,574 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 9,583 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 721 East Roosevelt Road was last sold in Aug 29, 2013 for $285,000. According to our calculations, that's $181.07 per sqft. Prior to that sales transaction, the property was sold for $175,000 in Nov 1, 1999. Current property owners are expected to pay $7,183 in taxes per year. The property on 721 East Roosevelt Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $103,720. To break that down further, the land itself was valued at $45,510. While improvements to the property were assessed at a total of $58,210. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Bedroom Count: 0
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 1,574
  • Gross Building Area: 1,574
  • Building Area: 1,574
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,574
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: 2ND LINCOLN HWY SUB
  • Land Acres: 0.22
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: 2ND LINCOLN HWY SUB W 50 FT S 173 FT/EX S 6 FT HWY DESC R89-189625/ E 6 FT S 173 FT /EX S 6 FT HWY DESC R89-189625/

Ownership

  • Current Owner : DROST HOLDINGS INC
  • Previous Owner : PAPPAS GEORGE P
  • Previous Owner 2: GEORGE G PAPPAS REVOCABLE TRUS
  • Owner Before Previous Owner: LUNDAHL ARTHUR E
  • Owner Before Previous Owner 2: LUNDAHL DECLARATION O ARTHUR E
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Community Unit School District 200
  • School Tax School District: DISTRICT 200
  • Census Tract: 842400

Zoning

  • Zoning: C

Geography

  • Assessors Map Reference: 3024-D7
  • Parcel: 05-16-424-036
  • Lot: 26
  • Municipality: MILTON
  • Latitude: 41.8592
  • Longitude: -88.0952

    Address

  • Full Address: 721 E Roosevelt Rd
  • Address - House Number: 721
  • Street Direction: E
  • Address - Street Name: Roosevelt
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Wheaton
  • Carrier Code: C060
  • 4-Digit Zip Code: 5646
  • Zip Code: 60187

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,183
  • Tax Rate Code Area: 5012

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $185,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Jul 29, 2016
  • First Open Lien Mortgage Loan Amount: $185,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $311,160
  • Market Land Value: $136,530
  • Market Improvement Value: $174,630

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $103,720
  • Assessed Land Value: $45,510
  • Assessed Improvements Value: $58,210

    Sales

  • Current Sale Contract Date: Aug 29, 2013
  • Current Sale Recording Date: Sep 03, 2013
  • Current Sale Transaction ID: 1135317081
  • Current Sale Price: $285,000
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: R2013-126455
  • Previous Sale Recording Date: Feb 27, 2004
  • Previous Sale Contract Date: Nov 01, 1999
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Sep 03, 2013
  • First Mortgage Loan Amount: $200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Wheaton



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 721 East Roosevelt Road located in?
The 721 East Roosevelt Road is a located in the neighborhood of Milton in Wheaton, Wheaton.
How many listings are currently for sale in 721 East Roosevelt Road?
There is a listing currently on the market for sale.
What is the average sales price for listings in 721 East Roosevelt Road?
The average sales price for units in 721 East Roosevelt Road is $395,000 , or $236/sqft. currently.

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