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7732 West Galeview Lane

7732 West Galeview Lane, Frankfort, IL 60423
Property in Frankfort
Sold Mar 08, 2021
$152,500
$149,737 by Guaranteed Rate Inc
Mortgage Due Mar 01, 2051
Sold Jun 19, 2007
$156,500
$148,400 by Draper & Kramer Mortgage Corp
Mortgage Due Jun 01, 2037
Local assessors in Frankfort, IL have categorized 7732 West Galeview Lane as a residential type of property. The home was built in 1972 and is 52 years old. The property's lot size has been calculated to be 432 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 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 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 7732 West Galeview Lane has a total of 968 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 220 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable or hip style roof that was made of composition shingle. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 7732 West Galeview Lane sold most recently in Feb 26, 2021 for a total of $152,500. If you work out the math, that's approximately a cost of $157.54 per sqft. Before that, the property was also sold for $156,500 in Jun 8, 2007. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $3,197 in taxes each year. 7732 West Galeview Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $41,018. If we break it down further, the land itself was valued at $635. Improvements to the property, however, were assessed at a total of $40,383. 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 you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1972
  • Effective Year Built: 1972
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Townhouse
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 220
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 432
  • Total Building Area: 968
  • Building Area: 968
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Central heating
  • Heated Square Feet: 968
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COURT HOMES OF FRANKFORT SQUARE UNIT 3
  • Land Acres: 0.01
  • Standard Land Use Code: Single family residential
  • Legal Description 1: UNIT 159 PER PLAT OF SURVEY OF LOT 11 IN THE COURT HOMES OF FRANKFORT SQUARE UNIT 3, SUB OF E1/2 OF THE NW1/4 SEC 13, T35N-R1

Ownership

  • Current Owner : ROSE CHRISTOPHER
  • Current Owner 2: ROSE TRACY L
  • Previous Owner : GAHAN ALLISON
  • Previous Owner 2: ERET ALLISON
  • Owner Before Previous Owner: COLEMAN KATHY J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

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

Geography

  • Parcel: 19-09-13-119-010
  • Lot: 11
  • Meridian: SEC 13 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.5241
  • Longitude: -87.803

    Address

  • Full Address: 7732 W Galeview Ln
  • Legal Unit: 3
  • Address - House Number: 7732
  • Street Direction: W
  • Address - Street Name: Galeview
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Frankfort
  • Carrier Code: R011
  • 4-Digit Zip Code: 6985
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,197
  • Tax Rate Code Area: 1924

    Appraisal Valuation

  • Standard Deviation: 0.1759
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 182,643
  • High Value: 214,777
  • Low Value: 150,509

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $166,358
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Mar 08, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $149,737
  • 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: Mar 01, 2051
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Aug 25, 2022
  • Second Open Lien Mortgage Loan Amount: $3,036
  • Second Open Lien Mortgage Term: 342
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Mar 01, 2051
  • Third Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Third Open Lien Mortgage Recording Date: Feb 14, 2024
  • Third Open Lien Mortgage Loan Amount: $13,585
  • Third Open Lien Mortgage Term: 324
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: FHA
  • Third Open Lien Mortgage Loan Due Date: Mar 01, 2051

    Market Valuation

  • Market Total Value: $123,054
  • Market Land Value: $1,905
  • Market Improvement Value: $121,149

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,018
  • Assessed Land Value: $635
  • Assessed Improvements Value: $40,383

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 26, 2021
  • Current Sale Recording Date: Mar 08, 2021
  • Current Sale Transaction ID: 11824056736
  • Current Sale Price: $152,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2021025974
  • Previous Sale Recording Date: Jun 19, 2007
  • Previous Sale Contract Date: Jun 08, 2007
  • Previous Sale Amount: $156,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Mar 08, 2021
  • First Mortgage Loan Amount: $149,737
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jun 19, 2007
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $148,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 01, 2037

About Frankfort Square



Similar Buildings

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Nearby Rentals

Unit for rent at 7725 W Floral Court, Frankfort, IL, 60423

$1,950 /mo

  • 3 Beds
  • 1 Bath
  • 1,056 ft²
7725 W Floral Court #7725, Frankfort, IL, 60423 Listing by Terri Swiderski

Frequently Asked Questions

What neighborhood is 7732 West Galeview Lane located in?
The 7732 West Galeview Lane is a located in the neighborhood of Frankfort in Frankfort Square, Frankfort.
What is the average sales price for listings in 7732 West Galeview Lane?
The average sales price for units in 7732 West Galeview Lane is $0 currently.

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