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7800 West 127th Street

7800 West 127th Street, Palos Park, IL 60464
Property in Palos
Sold Sep 25, 2003
$290,000
$225,000 by Guaranteed Rate Inc
Mortgage Due Mar 01, 2050
Sold Oct 02, 1996
Transfer
7800 West 127th Street in Palos Park, IL was first built in 1893 and is 131 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 ranch/rambler style. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 7800 West 127th Street has 2,201 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. In total, the area measurement of the land is 43,690 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a detached garage. There are a total of 3 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating 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, 7800 West 127th Street sold most recently in Sep 2, 2003 for a total of $290,000. If you work out the math, that's approximately a cost of $131.76 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 $7,079 in taxes each year. 7800 West 127th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $50,306. If we break it down further, the land itself was valued at $27,306. Improvements to the property, however, were assessed at a total of $23,000. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1893
  • Effective Year Built: 1893
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 43,690
  • Total Building Area: 2,201
  • Gross Building Area: 2,201
  • Building Area: 2,201
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,201
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JACOBS
  • Land Acres: 1.003
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L2 & L3 JACOBS SW1/4 S25 T37N R12E

Ownership

  • Current Owner : CLARKE JAMES
  • Previous Owner : JACOBS LYLE A
  • Previous Owner 2: JACOBS ROBERT H
  • Owner Before Previous Owner: FIRST NATIONAL BANK OF BLUE ISLAND
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Consolidated High School District 230
  • Census Tract: 823903

Geography

  • District: 30
  • Parcel: 23-25-300-139-0000
  • Lot: 2
  • Meridian: SEC 25 TWN 37N RNG 12E
  • Municipality: PALOS
  • Latitude: 41.661
  • Longitude: -87.8119

    Address

  • Full Address: 7800 W 127th St
  • Address - House Number: 7800
  • Street Direction: W
  • Address - Street Name: 127th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Palos Park
  • Carrier Code: C031
  • 4-Digit Zip Code: 2047
  • Zip Code: 60464

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,079
  • Tax Rate Code Area: 30011

    Appraisal Valuation

  • Standard Deviation: 0.2572
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 420,598
  • High Value: 528,788
  • Low Value: 312,407

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $225,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Mar 18, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $225,000
  • 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, 2050

    Market Valuation

  • Market Total Value: $503,060
  • Market Land Value: $273,060
  • Market Improvement Value: $230,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,306
  • Assessed Land Value: $27,306
  • Assessed Improvements Value: $23,000

    Sales

  • Current Sale Contract Date: Sep 02, 2003
  • Current Sale Recording Date: Sep 25, 2003
  • Current Sale Transaction ID: 1145570441
  • Current Sale Price: $290,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 0326829089
  • Previous Sale Recording Date: Oct 02, 1996
  • Previous Sale Contract Date: Sep 19, 1996
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Sep 25, 2003
  • First Mortgage Loan Amount: $232,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)
  • First Mortgage Loan Due Date: Oct 01, 2033

About Cook



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Frequently Asked Questions

What neighborhood is 7800 West 127th Street located in?
The 7800 West 127th Street is a located in the neighborhood of Palos in Cook, Palos Park.
What is the average sales price for listings in 7800 West 127th Street?
The average sales price for units in 7800 West 127th Street is $0 currently.

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