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7503 West 57th Street

7503 West 57th Street, Summit Argo, IL 60501
Property in Summit
Sold Sep 09, 2014
$110,000
$93,500 by Homebridge Financial Services
Mortgage Due Sep 01, 2044
Sold Feb 22, 2006
$242,500
$194,000 by Wilmington Finance Inc
Mortgage Due Feb 01, 2036
7503 West 57th Street has been categorized by the local assessors in Summit Argo, IL as a residential type of property. The building on the property was first built in 1923 and is 101 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7503 West 57th Street has 1,228 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 300 ft. The area measurement of the land has been determined as 3,720 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow 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 2 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 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. The property is connected to a septic system and not a municipal sewage system. The homeowner of this property will need to handle their own water disposal. The property was last sold in Aug 22, 2014 for $110,000. That's $89.58 per sqft. Prior to that sales transaction, the property was also sold in Jan 19, 2006 for $242,500. 7503 West 57th Street was last assessed in 2023. The total value of the property was assessed at $21,000. Specifically, the land the property is located on was valued at $2,697. While improvements on the property were assessed at a total of $18,303. 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 $6,246. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • 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: 2

    Dimensions

  • Lot Size Square Feet: 3,720
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,228
  • Gross Building Area: 1,228
  • Building Area: 1,228
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,228
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: FISHER & MILLERS
  • Land Acres: 0.085
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (FISHER) & (MILLERS) ARGO SUB SEC 13-38-12

Ownership

  • Current Owner : RECENDEZ HORACIO
  • Previous Owner : HERRERA FRANCISCO
  • Owner Before Previous Owner: DELA TORRE ROBERTO E
  • Owner Before Previous Owner 2: DELA TORRE EVELIA
  • Is Owner Occupied: Owner-occupied property
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Mar 28, 2024

Neighborhood

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

Geography

  • District: 21
  • Parcel: 18-13-215-018-0000
  • Block: 2
  • Lot: 2
  • Meridian: SEC 13 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.7879
  • Longitude: -87.8089

    Address

  • Full Address: 7503 W 57th St
  • Address - House Number: 7503
  • Street Direction: W
  • Address - Street Name: 57th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Summit Argo
  • Carrier Code: C002
  • 4-Digit Zip Code: 1330
  • Zip Code: 60501

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,246
  • Tax Rate Code Area: 21038

    Appraisal Valuation

  • Standard Deviation: 0.265
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 271,250
  • High Value: 343,153
  • Low Value: 199,348

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $93,500
  • First Open Lien Mortgage Lender: HOMEBRIDGE FINANCIAL SERVICES
  • First Open Lien Mortgage Recording Date: Sep 09, 2014
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $93,500
  • 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: Sep 01, 2044

    Market Valuation

  • Market Total Value: $210,000
  • Market Land Value: $26,970
  • Market Improvement Value: $183,030

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,000
  • Assessed Land Value: $2,697
  • Assessed Improvements Value: $18,303

    Sales

  • Current Sale Contract Date: Aug 22, 2014
  • Current Sale Recording Date: Sep 09, 2014
  • Current Sale Transaction ID: 1133428225
  • Current Sale Price: $110,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1425244102
  • Previous Sale Recording Date: Feb 22, 2006
  • Previous Sale Contract Date: Jan 19, 2006
  • Previous Sale Amount: $242,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMEBRIDGE FINANCIAL SERVICES
  • First Mortgage Transaction Date: Sep 09, 2014
  • First Mortgage Loan Amount: $93,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2044

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: WILMINGTON FINANCE INC
  • Previous Mortgage Transaction Date: Feb 22, 2006
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $194,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Feb 01, 2036

About Summit



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Frequently Asked Questions

What neighborhood is 7503 West 57th Street located in?
The 7503 West 57th Street is a located in the neighborhood of Summit in Summit, Summit Argo.
What is the average sales price for listings in 7503 West 57th Street?
The average sales price for units in 7503 West 57th Street is $0 currently.

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