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7716 Elm Avenue

7716 Elm Avenue, Machesney Park, IL 61115
House in Harlem
Sold Jun 01, 2022
$74,000
$68,820 by Midwest Community Bank
Mortgage Due Jun 01, 2052
Sold Sep 21, 2017
$31,000
$23,250 by Northwest Bk/rockford
Mortgage Due Oct 01, 2032
Local assessors in Machesney Park, IL have categorized 7716 Elm Avenue as a residential type of property. The home was built in 1937 and is 87 years old. The property's lot size has been calculated to be 6,595 square feet. The linear feet between the front and back of the lot was measured at 800 ft and the front of the lot was measured at 830 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a cottage style. 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 7716 Elm Avenue has a total of 561 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. The building has a roof that is made of asphalt. Lots of rock and stone were used in the construction of the exterior walls of the home. The home's a gas heating system is the primary heating source and it is being fueled with gas. 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, 7716 Elm Avenue was last sold in May 26, 2022 for $74,000. According to our calculations, that's $131.91 per sqft. Prior to that sales transaction, the property was sold for $31,000 in Sep 18, 2017. Current property owners are expected to pay $1,469 in taxes per year. The property on 7716 Elm Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $15,627. To break that down further, the land itself was valued at $2,726. While improvements to the property were assessed at a total of $12,901. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

Building Features

Exterior

Vinyl Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Style: Cottage
  • Exterior Walls Type: Rock and stone
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,595
  • Lot Size Depth Feet: 800
  • Lot Size Frontage Feet: 830
  • Total Building Area: 561
  • Gross Building Area: 561
  • Building Area: 561
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Gas
  • Heated Square Feet: 561
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ROCKFORD SUBURBAN FARMS SUB
  • Land Acres: 0.151
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ROCKFORD SUBURBAN FARMS SUB BNG A SUBOF PT OF N1/2 SEC 31-45-2 W 80.0 FT PTLOT 22

Ownership

  • Current Owner : BRANTLEY JACOB
  • Previous Owner : JOSEPH MIONI JR
  • Owner Before Previous Owner: NEWMAN RICHARD A

Neighborhood

  • School District Name: Harlem Unit School District 122
  • Census Tract: 000103

Geography

  • Account Number: 139A025E
  • Parcel: 08-31-201-018
  • Lot: 22
  • Meridian: SEC 31 TWN 45 RANGE 2
  • Municipality: HARLEM
  • Latitude: 42.3369
  • Longitude: -89.0482

    Address

  • Full Address: 7716 Elm Ave
  • Address - House Number: 7716
  • Address - Street Name: Elm
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Machesney Park
  • Carrier Code: C018
  • 4-Digit Zip Code: 2981
  • Zip Code: 61115

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,469
  • Tax Rate Code Area: 144

    Appraisal Valuation

  • Standard Deviation: 0.2704
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 61
  • Final Value: 73,294
  • High Value: 93,115
  • Low Value: 53,472

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $76,220
  • First Open Lien Mortgage Lender: MIDWEST COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Jun 01, 2022
  • First Open Lien Mortgage Loan Amount: $68,820
  • 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: Jun 01, 2052
  • Second Open Lien Mortgage Lender: ILLINOIS HOUSING DEV AUTHORITY
  • Second Open Lien Mortgage Recording Date: Jun 01, 2022
  • Second Open Lien Mortgage Loan Amount: $7,400
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Jun 01, 2052

    Market Valuation

  • Market Total Value: $46,881
  • Market Land Value: $8,178
  • Market Improvement Value: $38,703

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $15,627
  • Assessed Land Value: $2,726
  • Assessed Improvements Value: $12,901

    Sales

  • Current Sale Contract Date: May 26, 2022
  • Current Sale Recording Date: Jun 01, 2022
  • Current Sale Transaction ID: 11889662211
  • Current Sale Price: $74,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 17220
  • Previous Sale Recording Date: Sep 21, 2017
  • Previous Sale Contract Date: Sep 18, 2017
  • Previous Sale Amount: $31,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MIDWEST COMMUNITY BANK
  • First Mortgage Transaction Date: Jun 01, 2022
  • First Mortgage Loan Amount: $68,820
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2052
  • Second Mortgage Lender: ILLINOIS HOUSING DEV AUTHORITY
  • Second Mortgage Transaction Date: Jun 01, 2022
  • Second Mortgage Loan Amount: $7,400

    Previous Mortgages

  • Previous Mortgage Lender: NORTHWEST BK/ROCKFORD
  • Previous Mortgage Transaction Date: Sep 21, 2017
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $23,250
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2032

About Machesney Park



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Frequently Asked Questions

What neighborhood is 7716 Elm Avenue located in?
The 7716 Elm Avenue is a house located in the neighborhood of Harlem in Machesney Park, Machesney Park.
What is the average sales price for listings in 7716 Elm Avenue?
The average sales price for units in 7716 Elm Avenue is $0 currently.

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