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7346 West 114th Place

7346 West 114th Place, Worth, IL 60482
Property in Palos
Sold Apr 27, 2021
$190,000
$180,405 by The Federal Savings Bank
Mortgage Due Mar 01, 2051
Sold Dec 13, 2019
Transfer
7346 West 114th Place has been categorized by the local assessors in Worth, IL as a residential type of property. The building on the property was first built in 1956 and is 68 years old. The home has a total of 4 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7346 West 114th Place has 961 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 6,250 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown 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 3 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 masonry 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 asphalt. The exterior walls of the building are made of masonry. 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. Finally, the property is currently sourcing its water from a municipal 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, 7346 West 114th Place sold most recently in Feb 8, 2021 for a total of $190,000. If you work out the math, that's approximately a cost of $197.71 per sqft. 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 $3,995 in taxes each year. 7346 West 114th Place was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $18,000. If we break it down further, the land itself was valued at $5,000. Improvements to the property, however, were assessed at a total of $13,000. 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: 1956
  • Effective Year Built: 1956
  • 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: Masonry
  • Building Style: Unknown
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 6,250
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 961
  • Gross Building Area: 961
  • Building Area: 961
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 961
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: DUNAS HARLEM
  • Land Acres: 0.144
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ARTHUR (DUNAS)(HARLEM) AVE ADD SUB IN NE SEC 24-37-12

Ownership

  • Current Owner : SALINAS ELIZABETH
  • Current Owner 2: SALINAS ALEJANDRO
  • Previous Owner : PENNYMAC LOAN SERVICES LLC
  • Owner Before Previous Owner: HARRISON TIMOTHY J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Consolidated High School District 230
  • Census Tract: 823806

Geography

  • District: 30
  • Parcel: 23-24-216-016-0000
  • Lot: 318
  • Meridian: SEC 24 TWN 37N RNG 12E
  • Municipality: PALOS
  • Latitude: 41.6837
  • Longitude: -87.8013

    Address

  • Full Address: 7346 W 114th Pl
  • Address - House Number: 7346
  • Street Direction: W
  • Address - Street Name: 114th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Worth
  • Carrier Code: C003
  • 4-Digit Zip Code: 1729
  • Zip Code: 60482

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,995
  • Tax Rate Code Area: 30012

    Appraisal Valuation

  • Standard Deviation: 0.248
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 239,330
  • High Value: 298,694
  • Low Value: 179,966

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $180,405
  • First Open Lien Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Apr 27, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $180,405
  • 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: Mar 01, 2051

    Market Valuation

  • Market Total Value: $180,000
  • Market Land Value: $50,000
  • Market Improvement Value: $130,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,000
  • Assessed Land Value: $5,000
  • Assessed Improvements Value: $13,000

    Sales

  • Current Sale Contract Date: Feb 08, 2021
  • Current Sale Recording Date: Apr 27, 2021
  • Current Sale Transaction ID: 11833292426
  • Current Sale Price: $190,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2111717141
  • Previous Sale Recording Date: Dec 13, 2019
  • Previous Sale Contract Date: Nov 21, 2019
  • Previous Sale Document Type: Foreclosure

    Last Sale Mortgage

  • First Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Mortgage Transaction Date: Apr 27, 2021
  • First Mortgage Loan Amount: $180,405
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Worth



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Frequently Asked Questions

What neighborhood is 7346 West 114th Place located in?
The 7346 West 114th Place is a located in the neighborhood of Palos in Worth, Worth.
What is the average sales price for listings in 7346 West 114th Place?
The average sales price for units in 7346 West 114th Place is $0 currently.

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