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7521 South 88th Avenue

7521 South 88th Avenue, Justice, IL 60458
Property in Lyons
Sold Sep 07, 2022
$353,000
$346,606 by Sun West Mortgage Company Inc
Mortgage Due Sep 01, 2052
Sold Dec 14, 2017
Transfer
Seller
$194,478 by Home Point Financial Corporati
Mortgage Due Jan 01, 2048
7521 South 88th Avenue has been categorized by the local assessors in Justice, IL as a residential type of property. The building on the property was first built in 1977 and is 47 years old. The home has a total of 10 rooms. 6 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 7521 South 88th Avenue has 2,483 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 650 ft. The area measurement of the land has been determined as 8,125 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily 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 frame 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 7521 South 88th Avenue was last sold in Aug 3, 2022 for $353,000. According to our calculations, that's $142.17 per sqft. Current property owners are expected to pay $11,822 in taxes per year. The property on 7521 South 88th Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $35,300. To break that down further, the land itself was valued at $4,672. While improvements to the property were assessed at a total of $30,628. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • 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: 3

    Dimensions

  • Lot Size Square Feet: 8,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 650
  • Total Building Area: 2,483
  • Gross Building Area: 2,483
  • Building Area: 2,483
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,483
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HICKORY BUILDERS
  • Land Acres: 0.187
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (HICKORY) (BUILDERS) INC RESUB OF LTS 4 & 5 IN BETHAN IA ADD TO JUSTICE SUB WH SW SEC 26-38-12

Ownership

  • Current Owner : ESTRADA HERMELINDO
  • Previous Owner : GODINEZ SERGIO
  • Previous Owner 2: GODINEZ MARIA ISABEL
  • Owner Before Previous Owner: FANNIE MAE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Indian Springs School District 109
  • Census Tract: 820603

Geography

  • District: 21
  • Parcel: 18-26-303-005-0000
  • Lot: 4,5
  • Meridian: SEC 26 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.7538
  • Longitude: -87.8384

    Address

  • Full Address: 7521 S 88th Ave
  • Address - House Number: 7521
  • Street Direction: S
  • Address - Street Name: 88th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Justice
  • Carrier Code: C102
  • 4-Digit Zip Code: 1608
  • Zip Code: 60458

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,822
  • Tax Rate Code Area: 21078

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 385,291
  • High Value: 483,740
  • Low Value: 286,841

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $364,077
  • First Open Lien Mortgage Lender: SUN WEST MORTGAGE COMPANY INC
  • First Open Lien Mortgage Recording Date: Sep 07, 2022
  • First Open Lien Mortgage Loan Amount: $346,606
  • 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: Sep 01, 2052
  • Second Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Second Open Lien Mortgage Recording Date: Oct 19, 2023
  • Second Open Lien Mortgage Loan Amount: $17,471
  • Second Open Lien Mortgage Term: 346
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Sep 01, 2052

    Market Valuation

  • Market Total Value: $353,000
  • Market Land Value: $46,720
  • Market Improvement Value: $306,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,300
  • Assessed Land Value: $4,672
  • Assessed Improvements Value: $30,628

    Sales

  • Current Sale Contract Date: Aug 03, 2022
  • Current Sale Recording Date: Sep 07, 2022
  • Current Sale Transaction ID: 11905344780
  • Current Sale Price: $353,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1067
  • Previous Sale Recording Date: Dec 14, 2017
  • Previous Sale Contract Date: Nov 30, 2017
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUN WEST MORTGAGE COMPANY INC
  • First Mortgage Transaction Date: Sep 07, 2022
  • First Mortgage Loan Amount: $346,606
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • Previous Mortgage Transaction Date: Dec 14, 2017
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $194,478
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jan 01, 2048

About Justice



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Frequently Asked Questions

What neighborhood is 7521 South 88th Avenue located in?
The 7521 South 88th Avenue is a located in the neighborhood of Lyons in Justice, Justice.
What is the average sales price for listings in 7521 South 88th Avenue?
The average sales price for units in 7521 South 88th Avenue is $0 currently.

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