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7548 West Benton Drive

7548 West Benton Drive, Frankfort, IL 60423
Property in Frankfort
Sold Apr 26, 2006
$230,000
$183,560 by Chicago Financial Services Inc
Mortgage Due Apr 01, 2051
Sold Jul 14, 2003
$157,500
$149,625 by Option One Mortgage Corp
Mortgage Due Jul 01, 2033
7548 West Benton Drive has been categorized by the local assessors in Frankfort, IL as a residential type of property. The building on the property was first built in 1983 and is 41 years old. The home has a total of 9 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. 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, 7548 West Benton Drive has 1,011 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 8,382 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a raised ranch 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 attached garage for those who require parking. 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 wood 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 building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of wood siding. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a central heating system. Finally, the property is currently sourcing its water from a well system. 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, 7548 West Benton Drive sold most recently in Apr 13, 2006 for a total of $230,000. If you work out the math, that's approximately a cost of $227.50 per sqft. Before that, the property was also sold for $157,500 in Jun 18, 2003. 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 $6,476 in taxes each year. 7548 West Benton Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $76,930. If we break it down further, the land itself was valued at $18,804. Improvements to the property, however, were assessed at a total of $58,126. 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: 1983
  • Effective Year Built: 1983
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Raised Ranch
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,382
  • Total Building Area: 1,011
  • Building Area: 1,011
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Central heating
  • Heated Square Feet: 1,011
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: FRANKFORT SQUARE UNIT #16
  • Land Acres: 0.19
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 12 BLOCK 45 UNIT 16 IN FRANKFORT SQUARE UNIT 16, A SUB PRT OF THE E1/2 OF THE SW1/4 OF SEC 12, T35N-R12E

Ownership

  • Current Owner : MARQUETTE BANK
  • Current Owner 2: TRUST #17931
  • Previous Owner : PERNICE SALVATORE
  • Previous Owner 2: PERNICE DANIELLE
  • Owner Before Previous Owner: MURPHY CAROL J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Revocable Trust

Neighborhood

  • School District Name: Summit Hill School District 161
  • Census Tract: 883511

Geography

  • Parcel: 19-09-12-302-012
  • Block: 45
  • Lot: 12
  • Meridian: SEC 12 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.5307
  • Longitude: -87.8009

    Address

  • Full Address: 7548 W Benton Dr
  • Legal Unit: 16
  • Address - House Number: 7548
  • Street Direction: W
  • Address - Street Name: Benton
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Frankfort
  • Carrier Code: R006
  • 4-Digit Zip Code: 9100
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,476
  • Tax Rate Code Area: 1924

    Appraisal Valuation

  • Standard Deviation: 0.1518
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 301,050
  • High Value: 346,770
  • Low Value: 255,330

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $183,560
  • First Open Lien Mortgage Lender: CHICAGO FINANCIAL SERVICES INC
  • First Open Lien Mortgage Recording Date: Apr 22, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $183,560
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $230,790
  • Market Land Value: $56,412
  • Market Improvement Value: $174,378

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $76,930
  • Assessed Land Value: $18,804
  • Assessed Improvements Value: $58,126

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 13, 2006
  • Current Sale Recording Date: Apr 26, 2006
  • Current Sale Transaction ID: 1083128882
  • Current Sale Price: $230,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2006067863
  • Previous Sale Recording Date: Jul 14, 2003
  • Previous Sale Contract Date: Jun 18, 2003
  • Previous Sale Amount: $157,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MARQUETTE BANK
  • First Mortgage Transaction Date: Apr 26, 2006
  • First Mortgage Loan Amount: $184,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Mortgage Loan Due Date: May 01, 2036

    Previous Mortgages

  • Previous Mortgage Lender: OPTION ONE MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jul 14, 2003
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $149,625
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2033

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Frequently Asked Questions

What neighborhood is 7548 West Benton Drive located in?
The 7548 West Benton Drive is a located in the neighborhood of Frankfort in Frankfort Square, Frankfort.
What is the average sales price for listings in 7548 West Benton Drive?
The average sales price for units in 7548 West Benton Drive is $0 currently.

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