7401 Roosevelt Road

Local assessors in Forest Park, IL have categorized 7401 Roosevelt Road as a commercial type of property. The home was built in 1920 and is 104 years old. The property's lot size has been calculated to be 3,927 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 1,500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 6 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. If we look only at the heated or air conditioned part of the building, then 7401 Roosevelt Road has a total of 8,989 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 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, 7401 Roosevelt Road sold most recently in Oct 7, 2022 for a total of $480,000. If you work out the math, that's approximately a cost of $53.40 per sqft. Before that, the property was also sold for $340,000 in Feb 8, 2021. 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 $15,596 in taxes each year. 7401 Roosevelt Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $74,453. If we break it down further, the land itself was valued at $5,489. Improvements to the property, however, were assessed at a total of $68,964. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.