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8707 West Ballard Road

8707 West Ballard Road, Des Plaines, IL 60016
Property in Park Ridge
Sold Jul 27, 2020
$1,700,000
$725,000 by Heritage Bank Of Schaumburg
Mortgage Due Jul 01, 2025
Sold Jan 10, 2018
$685,000
$513,750 by Republic Bank Of Chicago
Mortgage Due Dec 29, 2022
Local assessors in Des Plaines, IL have categorized 8707 West Ballard Road as a residential type of property. The home was built in 1989 and is 35 years old. The property's lot size has been calculated to be 61,332 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 12 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. If we look only at the heated or air conditioned part of the building, then 8707 West Ballard Road has a total of 760 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. The property was last sold in Jun 16, 2020 for $1,700,000. That's $2,236.84 per sqft. Prior to that sales transaction, the property was also sold in Dec 28, 2017 for $685,000. 8707 West Ballard Road was last assessed in 2023. The total value of the property was assessed at $85,000. Specifically, the land the property is located on was valued at $4,983. While improvements on the property were assessed at a total of $80,017. 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 $21,909. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 12
  • Building Style: Condo
  • Living Units: 6
  • Business/Commerical Units Count: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 61,332
  • Total Building Area: 760
  • Gross Building Area: 760
  • Building Area: 760
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 760
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BALLARD ROAD CONDO
  • Land Acres: 1.408
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : HOSU TIBERIU
  • Current Owner 2: HOSU CONVALARIA
  • Previous Owner : SHULTZ PETER
  • Previous Owner 2: STICO ANNA
  • Owner Before Previous Owner: CHICAGO TITLE LAND TRUST COMPANY
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: East Maine School District 63
  • Census Tract: 806004

Geography

  • District: 22
  • Parcel: 09-14-308-019-1004
  • Meridian: SEC 14 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0433
  • Longitude: -87.8436

    Address

  • Full Address: 8707 W Ballard Rd
  • Address - House Number: 8707
  • Street Direction: W
  • Address - Street Name: Ballard
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C024
  • 4-Digit Zip Code: 5173
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $21,909
  • Tax Rate Code Area: 22044

    Appraisal Valuation

  • Standard Deviation: 0.1852
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 75
  • Final Value: 805,289
  • High Value: 954,455
  • Low Value: 656,124

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $725,000
  • First Open Lien Mortgage Lender: HERITAGE BANK OF SCHAUMBURG
  • First Open Lien Mortgage Recording Date: Jul 27, 2020
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $725,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2025

    Market Valuation

  • Market Total Value: $850,000
  • Market Land Value: $49,830
  • Market Improvement Value: $800,170

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,000
  • Assessed Land Value: $4,983
  • Assessed Improvements Value: $80,017

    Sales

  • Current Sale Contract Date: Jun 16, 2020
  • Current Sale Recording Date: Jul 27, 2020
  • Current Sale Transaction ID: 11775297667
  • Current Sale Price: $1,700,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020907347
  • Previous Sale Recording Date: Jan 10, 2018
  • Previous Sale Contract Date: Dec 28, 2017
  • Previous Sale Amount: $685,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: HERITAGE BANK OF SCHAUMBURG
  • First Mortgage Transaction Date: Jul 27, 2020
  • First Mortgage Loan Amount: $725,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Credit Line (Revolving)
  • First Mortgage Loan Due Date: Jul 01, 2025

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: REPUBLIC BANK OF CHICAGO
  • Previous Mortgage Transaction Date: Jan 10, 2018
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $513,750
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Dec 29, 2022

About Park Ridge



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Nearby Rentals

Unit for rent at 9315 Hamilton Court, Des Plaines, IL, 60016

$1,850 /mo

  • 2 Beds
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  • 900 ft²
9315 Hamilton Court #F, Des Plaines, IL, 60016 Listing by Rony Khezeran

Frequently Asked Questions

What neighborhood is 8707 West Ballard Road located in?
The 8707 West Ballard Road is a located in the neighborhood of Park Ridge in Park Ridge, Des Plaines.
What is the average sales price for listings in 8707 West Ballard Road?
The average sales price for units in 8707 West Ballard Road is $0 currently.

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