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8494 Grand Avenue

8494 Grand Avenue, River Grove, IL 60171
Multifamily in River Grove
8494 Grand Avenue has been categorized by the local assessors in River Grove, IL as a residential type of property. The building on the property was first built in 1921 and is 103 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 8494 Grand Avenue has 1,599 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 500 ft and across the front of the lot is 1,500 ft. The area measurement of the land has been determined as 7,500 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there are a total of 4 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of masonry. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. 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, 8494 Grand Avenue was last sold in Jan 7, 2021 for $250,000. According to our calculations, that's $156.35 per sqft. Current property owners are expected to pay $7,922 in taxes per year. The property on 8494 Grand Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $24,990. To break that down further, the land itself was valued at $7,875. While improvements to the property were assessed at a total of $17,115. 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. 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!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

Brick Exterior

Parking

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200728
07/28/2020
3 Bed
-
-
$265,000
bedrooms
3 Bed
bathrooms
-
$250,000 -5.66%
02/04/2021
Lindsey Evans

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1921
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • 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: 4

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 1,599
  • Gross Building Area: 1,599
  • Building Area: 1,599
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,599
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TURNER PARK
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (TURNER)(PARK) CITY SUB OF PT LTS1&2 OF ASSESSORS DIV OF WH SEC 26-40-12

Ownership

  • Current Owner : BAE JIN HO
  • Current Owner 2: ARIAS MARIA EDITH
  • Previous Owner : SCHULTEN ROSEMARIE
  • Previous Owner 2: PAGAN ROSEMARIE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: River Grove School District 85-5
  • Census Tract: 811100

Geography

  • District: 20
  • Parcel: 12-26-303-012-0000
  • Block: D
  • Lot: 1,2
  • Meridian: SEC 26 TWN 40N RNG 12E
  • Municipality: LEYDEN
  • Latitude: 41.9292
  • Longitude: -87.8384

    Address

  • Full Address: 8494 Grand Ave
  • Address - House Number: 8494
  • Address - Street Name: Grand
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: River Grove
  • Carrier Code: C005
  • 4-Digit Zip Code: 1436
  • Zip Code: 60171

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,922
  • Tax Rate Code Area: 20254

    Appraisal Valuation

  • Standard Deviation: 0.2336
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 332,192
  • High Value: 409,805
  • Low Value: 254,579

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $241,559
  • First Open Lien Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Open Lien Mortgage Recording Date: Feb 04, 2021
  • First Open Lien Mortgage Loan Amount: $241,559
  • 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: Feb 01, 2051

    Market Valuation

  • Market Total Value: $249,900
  • Market Land Value: $78,750
  • Market Improvement Value: $171,150

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,990
  • Assessed Land Value: $7,875
  • Assessed Improvements Value: $17,115

    Sales

  • Current Sale Contract Date: Jan 07, 2021
  • Current Sale Recording Date: Feb 04, 2021
  • Current Sale Transaction ID: 11819330803
  • Current Sale Price: $250,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2103501487

    Last Sale Mortgage

  • First Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Mortgage Transaction Date: Feb 04, 2021
  • First Mortgage Loan Amount: $241,559
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Feb 01, 2051

About River Grove



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Frequently Asked Questions

What neighborhood is 8494 Grand Avenue located in?
The 8494 Grand Avenue is a multifamily located in the neighborhood of River Grove in River Grove, River Grove.
What is the average sales price for listings in 8494 Grand Avenue?
The average sales price for units in 8494 Grand Avenue is $265,000 currently.

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