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834 Richards Drive

834 Richards Drive, Shorewood, IL 60404
House in Troy
Sold Jan 02, 2020
$320,000
$220,000 by Guaranteed Rate Inc
Mortgage Due Jan 01, 2050
Sold Jan 15, 2019
$1,300,000
This has been categorized as a residential property type. In total, the area measurement of the land is 10,290 square feet.

Learn more about the property and building on this page. The property was last sold in Dec 13, 2019 for $320,000. Prior to that sales transaction, the property was also sold in Jan 8, 2019 for $1,300,000. 834 Richards Drive was last assessed in 2022. The total value of the property was assessed at $119,741. Specifically, the land the property is located on was valued at $15,737. While improvements on the property were assessed at a total of $104,004. 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 $9,444. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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.

Building Features

Condition

New Construction

Exterior

Brick Exterior
Vinyl Siding

Parking

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

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,290
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EDGEWATER
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 319 IN EDGEWATER UNIT THREE, BEING A SUB OF PRT OF THE S1/2 OF THE SW1/4 OF SEC. 4, T35N-R9E.

Ownership

  • Current Owner : DAVIS RICHARD A
  • Current Owner 2: DAVIS ROBIN L
  • Previous Owner : CALATLANTIC GROUP INC
  • Owner Before Previous Owner: TRG VENTURE TWO LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Troy Community Consolidated School District 30C
  • Census Tract: 883219

Geography

  • Parcel: 05-06-04-311-016
  • Lot: 319
  • Meridian: SEC 04 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.5375
  • Longitude: -88.2111

    Address

  • Full Address: 834 Richards Dr
  • Legal Unit: 3
  • Address - House Number: 834
  • Address - Street Name: Richards
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Shorewood
  • Carrier Code: R025
  • 4-Digit Zip Code: 9691
  • Zip Code: 60404

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,444
  • Tax Rate Code Area: 0583

    Appraisal Valuation

  • Standard Deviation: 0.1431
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 432,838
  • High Value: 494,788
  • Low Value: 370,888

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $255,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Jan 02, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $220,000
  • 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: Jan 01, 2050
  • Second Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • Second Open Lien Mortgage Recording Date: Mar 10, 2020
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $35,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Mar 10, 2050

    Market Valuation

  • Market Total Value: $359,223
  • Market Land Value: $47,211
  • Market Improvement Value: $312,012

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $119,741
  • Assessed Land Value: $15,737
  • Assessed Improvements Value: $104,004

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 13, 2019
  • Current Sale Recording Date: Jan 02, 2020
  • Current Sale Transaction ID: 11713179040
  • Current Sale Price: $320,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: R2020000400
  • Previous Sale Recording Date: Jan 15, 2019
  • Previous Sale Contract Date: Jan 08, 2019
  • Previous Sale Amount: $1,300,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Jan 02, 2020
  • First Mortgage Loan Amount: $220,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Shorewood



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Frequently Asked Questions

What neighborhood is 834 Richards Drive located in?
The 834 Richards Drive is a house located in the neighborhood of Troy in Shorewood, Shorewood.
What is the average sales price for listings in 834 Richards Drive?
The average sales price for units in 834 Richards Drive is $0 currently.

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