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7330 West 61st Place

7330 West 61st Place, Summit Argo, IL 60501
House in Summit
Sold Nov 09, 2018
$229,000
$224,852 by Paramount Residential Mortgage
Mortgage Due Nov 01, 2048
Sold Dec 05, 2007
$236,000
$188,000 by Countrywide Bank Fsb
Mortgage Due Dec 01, 2037
7330 West 61st Place in Summit Argo, IL was first built in 1954 and is 70 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 multifamily style. There are a total of 2 floors. There are a total of 9 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. 7330 West 61st Place has 1,977 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 4,375 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 masonry 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 masonry. 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 heating system. 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, 7330 West 61st Place sold most recently in Oct 29, 2018 for a total of $229,000. If you work out the math, that's approximately a cost of $115.83 per sqft. Before that, the property was also sold for $236,000 in Nov 29, 2007. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $8,796 in taxes each year. 7330 West 61st Place was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $26,000. If we break it down further, the land itself was valued at $3,172. Improvements to the property, however, were assessed at a total of $22,828. 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. 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!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: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,375
  • Lot Size Depth Feet: 1,250
  • Total Building Area: 1,977
  • Gross Building Area: 1,977
  • Building Area: 1,977
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,977
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: FREDERICK H BARTLETTS ARGO PARK SUB S
  • Land Acres: 0.1
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : MARTINEZ RAMON N
  • Current Owner 2: DAVILA JOLGE I
  • Previous Owner : BEBENEK BOGUSALW
  • Previous Owner 2: BEBENEK KATARZYNA
  • Owner Before Previous Owner: STATE BANK OF COUNTRYSIDE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Argo Community High School District 217
  • Census Tract: 820400

Geography

  • District: 21
  • Parcel: 18-13-417-024-0000
  • Lot: 136
  • Meridian: SEC 13 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.7802
  • Longitude: -87.8051

    Address

  • Full Address: 7330 W 61st Pl
  • Address - House Number: 7330
  • Street Direction: W
  • Address - Street Name: 61st
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Summit Argo
  • Carrier Code: C005
  • 4-Digit Zip Code: 1622
  • Zip Code: 60501

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,796
  • Tax Rate Code Area: 21038

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 298,131
  • High Value: 374,309
  • Low Value: 221,952

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $246,039
  • First Open Lien Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Nov 09, 2018
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $224,852
  • 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: Nov 01, 2048
  • Second Open Lien Mortgage Lender: FLAGSTAR BANK FSB
  • Second Open Lien Mortgage Recording Date: Nov 23, 2021
  • Second Open Lien Mortgage Loan Amount: $21,187
  • Second Open Lien Mortgage Term: 323
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Nov 01, 2048

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $31,720
  • Market Improvement Value: $228,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $3,172
  • Assessed Improvements Value: $22,828

    Sales

  • Current Sale Contract Date: Oct 29, 2018
  • Current Sale Recording Date: Nov 09, 2018
  • Current Sale Transaction ID: 11532027727
  • Current Sale Price: $229,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1831319489
  • Previous Sale Recording Date: Dec 05, 2007
  • Previous Sale Contract Date: Nov 29, 2007
  • Previous Sale Amount: $236,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: Nov 09, 2018
  • First Mortgage Loan Amount: $224,852
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2048

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: COUNTRYWIDE BANK FSB
  • Previous Mortgage Transaction Date: Dec 05, 2007
  • Previous Mortgage Loan Amount: $188,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Dec 01, 2037

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Frequently Asked Questions

What neighborhood is 7330 West 61st Place located in?
The 7330 West 61st Place is a house located in the neighborhood of Summit in Summit, Summit Argo.
What is the average sales price for listings in 7330 West 61st Place?
The average sales price for units in 7330 West 61st Place is $0 currently.

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