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7311 West 58th Place

7311 West 58th Place, Summit Argo, IL 60501
Property in Summit
Sold Feb 15, 2017
$140,000
$137,368 by Leader One Financial Corp
Mortgage Due Feb 01, 2047
Sold Dec 01, 2011
$37,000
7311 West 58th Place in Summit Argo, IL was first built in 1928 and is 96 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. It is a single story home. There are a total of 4 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 7311 West 58th Place has 748 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. The linear feet across the front of the lot is 250 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 3,125 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a detached 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 C. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a hot water heating system. 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, 7311 West 58th Place was last sold in Dec 21, 2016 for $140,000. According to our calculations, that's $187.17 per sqft. Prior to that sales transaction, the property was sold for $37,000 in Nov 8, 2011. Current property owners are expected to pay $2,372 in taxes per year. The property on 7311 West 58th Place was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $15,000. To break that down further, the land itself was valued at $2,266. While improvements to the property were assessed at a total of $12,734. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 748
  • Gross Building Area: 748
  • Building Area: 748
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 748
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BARTLETT HLNDS 07 ADD/BARTLET
  • Land Acres: 0.072
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MARTINEZ DALILA
  • Current Owner 2: LARA RODOLFO
  • Previous Owner : GOMEZ GARCIA WENECESIAO
  • Previous Owner 2: GOMEZ GARCIA ELIZABETH
  • Owner Before Previous Owner: FV & 1 INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Argo Community High School District 217
  • Census Tract: 820300

Geography

  • District: 21
  • Parcel: 18-13-229-018-0000
  • Block: 111
  • Lot: 6
  • Meridian: SEC 13 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.7852
  • Longitude: -87.8044

    Address

  • Full Address: 7311 W 58th Pl
  • Address - House Number: 7311
  • Street Direction: W
  • Address - Street Name: 58th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Summit Argo
  • Carrier Code: C003
  • 4-Digit Zip Code: 1401
  • Zip Code: 60501

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,372
  • Tax Rate Code Area: 21038

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 158,292
  • High Value: 230,558
  • Low Value: 86,025

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $137,368
  • First Open Lien Mortgage Lender: LEADER ONE FINANCIAL CORP
  • First Open Lien Mortgage Recording Date: Feb 15, 2017
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $137,368
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2047

    Market Valuation

  • Market Total Value: $150,000
  • Market Land Value: $22,660
  • Market Improvement Value: $127,340

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,000
  • Assessed Land Value: $2,266
  • Assessed Improvements Value: $12,734

    Sales

  • Current Sale Contract Date: Dec 21, 2016
  • Current Sale Recording Date: Feb 15, 2017
  • Current Sale Transaction ID: 1962780367
  • Current Sale Price: $140,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1704646070
  • Previous Sale Recording Date: Dec 01, 2011
  • Previous Sale Contract Date: Nov 08, 2011
  • Previous Sale Amount: $37,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LEADER ONE FINANCIAL CORP
  • First Mortgage Transaction Date: Feb 15, 2017
  • First Mortgage Loan Amount: $137,368
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Feb 01, 2047

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Summit



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Frequently Asked Questions

What neighborhood is 7311 West 58th Place located in?
The 7311 West 58th Place is a located in the neighborhood of Summit in Summit, Summit Argo.
What is the average sales price for listings in 7311 West 58th Place?
The average sales price for units in 7311 West 58th Place is $0 currently.

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