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8042 Old Mill Road

8042 Old Mill Road, Frankfort, IL 60423
Property in Frankfort
Sold Apr 01, 1998
$175,000
$140,000 by Gmac Mtg
Mortgage Due Apr 01, 2028
8042 Old Mill Road in Frankfort, IL was first built in 1993 and is 31 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 tri-level style. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 8042 Old Mill Road has 1,234 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 20,258 square feet.

Learn more about the property and building on this page. The home has a gable or hip style roof made of composition shingle. For those who need parking, there is a attached garage. There are a total of 2 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 wood 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 wood siding. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Mar 27, 1998 for $175,000. That's $141.82 per sqft. 8042 Old Mill Road was last assessed in 2022. The total value of the property was assessed at $118,603. Specifically, the land the property is located on was valued at $24,771. While improvements on the property were assessed at a total of $93,832. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $10,281. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Wood
  • Building Style: Tri-level
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 528
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 20,258
  • Total Building Area: 1,234
  • Building Area: 1,234
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Central heating
  • Heated Square Feet: 1,234
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RAINFORD FARMS
  • Land Acres: 0.47
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 4 IN RAINFORD FARMS PHASE I UNIT 1, BEING A SUB OF PRT OF SEC 14, T35N-R12E, LYING NORTH SOUTH OF THE INDIAN BOUNDARY LN

Ownership

  • Current Owner : COLEMAN SEAN G
  • Current Owner 2: COLEMAN DAWN E
  • Previous Owner : STEPHENS & HAYES CONSTRUCTION INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Summit Hill School District 161
  • Census Tract: 883505

Geography

  • Subdivision Phase Number: I
  • Parcel: 19-09-14-407-005
  • Lot: 4
  • Meridian: SEC 14 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.5203
  • Longitude: -87.8127

    Address

  • Full Address: 8042 Old Mill Rd
  • Legal Unit: 1
  • Address - House Number: 8042
  • Address - Street Name: Old Mill
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Frankfort
  • Carrier Code: R003
  • 4-Digit Zip Code: 8674
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,281
  • Tax Rate Code Area: 1924

    Appraisal Valuation

  • Standard Deviation: 0.1586
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 386,979
  • High Value: 448,363
  • Low Value: 325,594

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $140,000
  • First Open Lien Mortgage Lender: GMAC MTG
  • First Open Lien Mortgage Recording Date: Apr 01, 1998
  • First Open Lien Mortgage Loan Amount: $140,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2028

    Market Valuation

  • Market Total Value: $355,809
  • Market Land Value: $74,313
  • Market Improvement Value: $281,496

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $118,603
  • Assessed Land Value: $24,771
  • Assessed Improvements Value: $93,832

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 27, 1998
  • Current Sale Recording Date: Apr 01, 1998
  • Current Sale Transaction ID: 1077417016
  • Current Sale Price: $175,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R98-033745

    Last Sale Mortgage

  • First Mortgage Lender: GMAC MTG
  • First Mortgage Transaction Date: Apr 01, 1998
  • First Mortgage Loan Amount: $140,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Apr 01, 2028

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Frequently Asked Questions

What neighborhood is 8042 Old Mill Road located in?
The 8042 Old Mill Road is a located in the neighborhood of Frankfort in Frankfort Square, Frankfort.
What is the average sales price for listings in 8042 Old Mill Road?
The average sales price for units in 8042 Old Mill Road is $0 currently.

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