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8842 Fairfield Lane

8842 Fairfield Lane, Tinley Park, IL 60487
Property in Frankfort
Sold Oct 29, 2020
$380,000
$304,000 by Fifth Third Bank Na
Mortgage Due Nov 01, 2050
Sold Nov 09, 2001
$256,000
$170,000 by Chesterfield Fsla Of Chicago
Mortgage
8842 Fairfield Lane has been categorized by the local assessors in Tinley Park, IL as a residential type of property. The building on the property was first built in 2001 and is 23 years old. The home has a total of 9 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 8842 Fairfield Lane has 2,918 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 719 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 11,021 square feet.

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 attached garage for those who require parking. According to our sources, there are a total of 2 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 wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of brick. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Oct 28, 2020 for $380,000. That's $130.23 per sqft. Prior to that sales transaction, the property was also sold in Oct 30, 2001 for $256,000. 8842 Fairfield Lane was last assessed in 2022. The total value of the property was assessed at $139,307. Specifically, the land the property is located on was valued at $26,787. While improvements on the property were assessed at a total of $112,520. 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 $13,226. 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. 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: 2001
  • Effective Year Built: 2001
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 719
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,021
  • Total Building Area: 2,918
  • Building Area: 2,918
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Central heating
  • Heated Square Feet: 2,918
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FAIRFIELD GLEN UNIT ONE
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 27 IN FAIRFIELD GLEN UNIT ONE, BEING A SUB IN THE SE 1/4 OF SEC. 10, T35N-R12E.

Ownership

  • Current Owner : WOODS BRYAN C
  • Current Owner 2: WOODS MARYAM
  • Previous Owner : CORRADO LAWRENCE J
  • Previous Owner 2: CORRADO JANEEN MARIE
  • Owner Before Previous Owner: STATE BANK OF COUNTRYSIDE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Summit Hill School District 161
  • Census Tract: 883513

Geography

  • Parcel: 19-09-10-404-009
  • Lot: 27
  • Meridian: SEC 10 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.5313
  • Longitude: -87.8331

    Address

  • Full Address: 8842 Fairfield Ln
  • Legal Unit: 1
  • Address - House Number: 8842
  • Address - Street Name: Fairfield
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Tinley Park
  • Carrier Code: R020
  • 4-Digit Zip Code: 4429
  • Zip Code: 60487

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,226
  • Tax Rate Code Area: 1922

    Appraisal Valuation

  • Standard Deviation: 0.1537
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 500,898
  • High Value: 577,902
  • Low Value: 423,894

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $304,000
  • First Open Lien Mortgage Lender: FIFTH THIRD BANK NA
  • First Open Lien Mortgage Recording Date: Oct 29, 2020
  • First Open Lien Mortgage Loan Amount: $304,000
  • 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: Nov 01, 2050

    Market Valuation

  • Market Total Value: $417,921
  • Market Land Value: $80,361
  • Market Improvement Value: $337,560

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $139,307
  • Assessed Land Value: $26,787
  • Assessed Improvements Value: $112,520

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 28, 2020
  • Current Sale Recording Date: Oct 29, 2020
  • Current Sale Transaction ID: 11796019810
  • Current Sale Price: $380,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2020096077
  • Previous Sale Recording Date: Nov 09, 2001
  • Previous Sale Contract Date: Oct 30, 2001
  • Previous Sale Amount: $256,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIFTH THIRD BANK NA
  • First Mortgage Transaction Date: Oct 29, 2020
  • First Mortgage Loan Amount: $304,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: CHESTERFIELD FSLA OF CHICAGO
  • Previous Mortgage Transaction Date: Nov 09, 2001
  • Previous Mortgage Loan Amount: $170,000

About Tinley Park



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 8842 Fairfield Lane located in?
The 8842 Fairfield Lane is a located in the neighborhood of Frankfort in Tinley Park, Tinley Park.
What is the average sales price for listings in 8842 Fairfield Lane?
The average sales price for units in 8842 Fairfield Lane is $0 currently.

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