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7526 South 88th Avenue

7526 South 88th Avenue, Justice, IL 60458
Property in Lyons
Sold Feb 15, 2017
$111,500
$104,000 by First Midwest Bank
Mortgage Due Mar 01, 2047
Sold Nov 21, 2012
Transfer
7526 South 88th Avenue in Justice, IL was first built in 1979 and is 45 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a condo style. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 7526 South 88th Avenue has 1,400 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 78,182 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. There are a total of 2 available parking spaces. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with a window/unit air conditioning. As for heating, the home is utilizing electric heaters and being fueled with electricity. 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, 7526 South 88th Avenue sold most recently in Feb 7, 2016 for a total of $111,500. If you work out the math, that's approximately a cost of $79.64 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 $4,199 in taxes each year. 7526 South 88th Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $15,280. If we break it down further, the land itself was valued at $1,498. Improvements to the property, however, were assessed at a total of $13,782. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1979
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Style: Condo
  • Exterior Walls Type: Brick
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 78,182
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,400
  • Gross Building Area: 1,400
  • Building Area: 1,400
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Window/unit air conditioning
  • Heating: Electric
  • Heated Square Feet: 1,400
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CEDAR ROW WEST CONDOMINIUM
  • Land Acres: 1.795
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: (CEDAR) (ROW) (WEST) CONDOMINIUM SEC 27-38-12

Ownership

  • Current Owner : HAURY JOHN J
  • Current Owner 2: SMITH JESICA L
  • Previous Owner : JASKOLSKI MARLENA A
  • Previous Owner 2: STARK DAVID
  • Owner Before Previous Owner: THE CHICAGO TRUST COMPANY NA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants
  • Owner Generation Identifier: JR

Neighborhood

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

Geography

  • District: 21
  • Parcel: 18-27-404-054-1014
  • Meridian: SEC 27 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.7538
  • Longitude: -87.8394

    Address

  • Full Address: 7526 S 88th Ave
  • Address - House Number: 7526
  • Street Direction: S
  • Address - Street Name: 88th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Justice
  • Carrier Code: C102
  • 4-Digit Zip Code: 1120
  • Zip Code: 60458

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,199
  • Tax Rate Code Area: 21078

    Appraisal Valuation

  • Standard Deviation: 0.2193
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 189,459
  • High Value: 231,019
  • Low Value: 147,899

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $111,500
  • First Open Lien Mortgage Lender: FIRST MIDWEST BANK
  • First Open Lien Mortgage Recording Date: Feb 15, 2017
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $104,000
  • 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, 2047
  • Second Open Lien Mortgage Lender: ILLINOIS HOUSING DEVELOPMENT A
  • Second Open Lien Mortgage Recording Date: Feb 15, 2017
  • Second Open Lien Mortgage Loan Amount: $7,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: 2nd Mortgage made to cover Down Payment

    Market Valuation

  • Market Total Value: $152,800
  • Market Land Value: $14,980
  • Market Improvement Value: $137,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,280
  • Assessed Land Value: $1,498
  • Assessed Improvements Value: $13,782

    Sales

  • Current Sale Contract Date: Feb 07, 2016
  • Current Sale Recording Date: Feb 15, 2017
  • Current Sale Transaction ID: 1962775457
  • Current Sale Price: $111,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1704644067
  • Previous Sale Recording Date: Nov 21, 2012
  • Previous Sale Contract Date: Nov 15, 2012
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: FIRST MIDWEST BANK
  • First Mortgage Transaction Date: Feb 15, 2017
  • First Mortgage Loan Amount: $104,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2047

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Justice



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Frequently Asked Questions

What neighborhood is 7526 South 88th Avenue located in?
The 7526 South 88th Avenue is a located in the neighborhood of Lyons in Justice, Justice.
What is the average sales price for listings in 7526 South 88th Avenue?
The average sales price for units in 7526 South 88th Avenue is $0 currently.

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