Sold Mar 06, 2019
$2,750,000
Seller
$300,000
by Midland States Bank
Mortgage Due Dec 01, 2025
Sold Nov 06, 2018
$600,000
Buyer
Seller
$450,000
by Homestar Bank And Financial Se
Mortgage Due Dec 01, 2038
8854 Archer Avenue has been categorized by the local assessors in Willow Springs, IL as a residential type of property.
The building on the property was first built in 1985 and is 39 years old.
The home has a total of 360 bedrooms.
This is a single story building so stairs are not necessary to access other parts of the home.
In addition, 8854 Archer Avenue has 289,314 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 121,532 square feet.
Fans of architecture and design would be interested in knowing that the building on the property was built in a high-rise 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 8854 Archer Avenue sold most recently in Feb 13, 2019 for a total of $2,750,000. If you work out the math, that's approximately a cost of $9.51 per sqft. Before that, the property was also sold for $600,000 in Nov 5, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $350,590 in taxes each year. 8854 Archer Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $4,404,553. If we break it down further, the land itself was valued at $770,607. Improvements to the property, however, were assessed at a total of $3,633,946. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 8854 Archer Avenue sold most recently in Feb 13, 2019 for a total of $2,750,000. If you work out the math, that's approximately a cost of $9.51 per sqft. Before that, the property was also sold for $600,000 in Nov 5, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $350,590 in taxes each year. 8854 Archer Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $4,404,553. If we break it down further, the land itself was valued at $770,607. Improvements to the property, however, were assessed at a total of $3,633,946. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.
This property description is generated based on publicly available data.
8854 Archer Avenue, Willow Springs, IL 60480
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