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8738 North Osceola Avenue

8738 North Osceola Avenue, Niles, IL 60714
Property in Niles
Sold Oct 22, 2020
$385,000
$327,250 by First Centennial Mortgage Corp
Mortgage Due Oct 01, 2050
Sold Jan 09, 2020
$256,000
$2,000,000 by Pan American Bank & Trust
Mortgage
8738 North Osceola Avenue has been categorized by the local assessors in Niles, IL as a residential type of property. The building on the property was first built in 1959 and is 65 years old. The home has a total of 6 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. In addition, 8738 North Osceola Avenue has 1,404 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,968 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level 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 is one available parking space. 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, 8738 North Osceola Avenue was last sold in Sep 4, 2020 for $385,000. According to our calculations, that's $274.22 per sqft. Prior to that sales transaction, the property was sold for $256,000 in Dec 17, 2019. Current property owners are expected to pay $8,702 in taxes per year. The property on 8738 North Osceola Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $36,000. To break that down further, the land itself was valued at $7,665. While improvements to the property were assessed at a total of $28,335. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Split level
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,968
  • Total Building Area: 1,404
  • Gross Building Area: 1,404
  • Building Area: 1,404
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,404
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TERRACE SUB
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (NILES) TERRACE SUB PT OF WH NE SEC 24-41-12

Ownership

  • Current Owner : PATEL BHARATKUMAR M
  • Current Owner 2: PATEL BHAVNABEN B
  • Previous Owner : CHICAGO TITLE LAND TRUST COMPANY
  • Owner Before Previous Owner: BMO HARRIS BANK NA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: East Maine School District 63
  • Census Tract: 805402

Geography

  • District: 22
  • Parcel: 09-24-205-029-0000
  • Block: 3
  • Lot: 44
  • Meridian: SEC 24 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0399
  • Longitude: -87.8127

    Address

  • Full Address: 8738 N Osceola Ave
  • Address - House Number: 8738
  • Street Direction: N
  • Address - Street Name: Osceola
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Niles
  • Carrier Code: C040
  • 4-Digit Zip Code: 2032
  • Zip Code: 60714

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,702
  • Tax Rate Code Area: 22073

    Appraisal Valuation

  • Standard Deviation: 0.2289
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 446,012
  • High Value: 548,113
  • Low Value: 343,911

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $327,250
  • First Open Lien Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Oct 22, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $327,250
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $360,000
  • Market Land Value: $76,650
  • Market Improvement Value: $283,350

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,000
  • Assessed Land Value: $7,665
  • Assessed Improvements Value: $28,335

    Sales

  • Current Sale Contract Date: Sep 04, 2020
  • Current Sale Recording Date: Oct 22, 2020
  • Current Sale Transaction ID: 11793711155
  • Current Sale Price: $385,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2029610023
  • Previous Sale Recording Date: Jan 09, 2020
  • Previous Sale Contract Date: Dec 17, 2019
  • Previous Sale Amount: $256,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • First Mortgage Transaction Date: Oct 22, 2020
  • First Mortgage Loan Amount: $327,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: PAN AMERICAN BANK & TRUST
  • Previous Mortgage Transaction Date: Jan 09, 2020
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $2,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Credit Line (Revolving)

About Niles



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 8738 North Osceola Avenue located in?
The 8738 North Osceola Avenue is a located in the neighborhood of Niles in Niles, Niles.
What is the average sales price for listings in 8738 North Osceola Avenue?
The average sales price for units in 8738 North Osceola Avenue is $0 currently.

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