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741 Foran Lane

741 Foran Lane, Aurora, IL 60506
Property in North River
Sold Jul 14, 2021
$175,000
Buyer
Seller
$171,830 by The Federal Savings Bank
Mortgage Due Jul 01, 2051
Sold Jun 05, 2006
$125,000
$124,950 by Inland Bank & Trust
Mortgage Due Apr 13, 2009
Local assessors in Aurora, IL have categorized 741 Foran Lane as a residential type of property. The home was built in 1957 and is 67 years old. The property's lot size has been calculated to be 6,721 square feet. The linear feet between the front and back of the lot was measured at 1,293 ft and the front of the lot was measured at 520 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 741 Foran Lane has a total of 864 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. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The property was last sold in May 29, 2021 for $175,000. That's $202.55 per sqft. Prior to that sales transaction, the property was also sold in Apr 13, 2006 for $125,000. 741 Foran Lane was last assessed in 2022. The total value of the property was assessed at $48,779. Specifically, the land the property is located on was valued at $6,788. While improvements on the property were assessed at a total of $41,991. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $3,787. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

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

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,721
  • Lot Size Depth Feet: 1,293
  • Lot Size Frontage Feet: 520
  • Total Building Area: 864
  • Gross Building Area: 864
  • Building Area: 864
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 864
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PEARL GARDENS
  • Land Acres: 0.154
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PEARL GARDENS : LOT 7 LOT DIMENSIONS: 52 X 129.25 APPROX LOT SQ FT 6721 SUBDIVISION: PEARL GARDENS RANGE CODE: 001

Ownership

  • Current Owner : TORRES ANA
  • Previous Owner : BOYLE WILLIAM
  • Owner Before Previous Owner: BOYLE WILLIAM
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Aurora West Unit School District 129
  • Census Tract: 853007

Geography

  • Parcel: 15-16-307-004
  • Lot: 7
  • Municipality: AURORA
  • Latitude: 41.7719
  • Longitude: -88.3373

    Address

  • Full Address: 741 Foran Ln
  • Address - House Number: 741
  • Address - Street Name: Foran
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Aurora
  • Carrier Code: C040
  • 4-Digit Zip Code: 2708
  • Zip Code: 60506

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,787
  • Tax Rate Code Area: AU005

    Appraisal Valuation

  • Standard Deviation: 0.2228
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 69
  • Final Value: 211,201
  • High Value: 258,258
  • Low Value: 164,144

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $171,830
  • First Open Lien Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Jul 14, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $171,830
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $146,396
  • Market Land Value: $20,372
  • Market Improvement Value: $126,023

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,779
  • Assessed Land Value: $6,788
  • Assessed Improvements Value: $41,991

    Sales

  • Current Sale Contract Date: May 29, 2021
  • Current Sale Recording Date: Jul 14, 2021
  • Current Sale Transaction ID: 11843588013
  • Current Sale Price: $175,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021K053919
  • Previous Sale Recording Date: Jun 05, 2006
  • Previous Sale Contract Date: Apr 13, 2006
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Mortgage Transaction Date: Jul 14, 2021
  • First Mortgage Loan Amount: $171,830
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: INLAND BANK & TRUST
  • Previous Mortgage Transaction Date: Jun 05, 2006
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $124,950
  • Previous Mortgage Term: 36
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Apr 13, 2009

About North River



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Nearby Rentals

Unit for rent at 322 Harmony Drive, North Aurora, IL, 60542

$2,500 /mo

  • 4 Beds
  • 1 Bath
  • 1,406 ft²
322 Harmony Drive, North Aurora, IL, 60542 Listing by Tyler Dameron

Frequently Asked Questions

What neighborhood is 741 Foran Lane located in?
The 741 Foran Lane is a located in the neighborhood of North River in North River, Aurora.
What is the average sales price for listings in 741 Foran Lane?
The average sales price for units in 741 Foran Lane is $0 currently.

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