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2916 Elder Lane

2916 Elder Lane, Franklin Park, IL 60131
Property in Franklin Park
Sold Aug 15, 2014
$150,000
$135,000 by Wells Fargo Bank Na
Mortgage Due Jul 01, 2041
Sold Apr 28, 1998
$142,000
$106,500 by Serve Corps Mtg Corp
Mortgage Due May 01, 2028
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2916 Elder Lane has been categorized by the local assessors in Franklin Park, IL as a residential type of property. The building on the property was first built in 1955 and is 69 years old. The home has a total of 5 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. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2916 Elder Lane has 931 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 1,240 ft and across the front of the lot is 350 ft. The area measurement of the land has been determined as 4,443 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown 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 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 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 central air conditioning at the moment. In terms of heating, it is utilizing a heating system. The property was last sold in Aug 8, 2014 for $150,000. That's $161.12 per sqft. Prior to that sales transaction, the property was also sold in Apr 24, 1998 for $142,000. 2916 Elder Lane was last assessed in 2022. The total value of the property was assessed at $26,000. Specifically, the land the property is located on was valued at $3,999. While improvements on the property were assessed at a total of $22,001. 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 $7,155. 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: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Unknown
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,443
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 350
  • Total Building Area: 931
  • Gross Building Area: 931
  • Building Area: 931
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 931
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THIRD ADD TO FRANKLIN PARK
  • Land Acres: 0.102
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (THIRD) ADD TO (FRANKLIN)(PARK) SUB SW SEC21 EX MANNH EIM & W10ACS OF PT SW LYING N RW C M & STP RR & E MANNHEIM & EX RW DEPO

Ownership

  • Current Owner : BRIBIESCA CARLOS L
  • Current Owner 2: MEDERO EUSEBIO
  • Previous Owner : MAGGIO JOSEPH
  • Owner Before Previous Owner: KLECZ DONALD W
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin Park School District 84
  • Census Tract: 811401

Geography

  • District: 20
  • Parcel: 12-28-219-051-0000
  • Block: 30,30
  • Lot: 37,36
  • Meridian: SEC 21 TWN 40N RNG 12E
  • Municipality: LEYDEN
  • Latitude: 41.9318
  • Longitude: -87.8729

    Address

  • Full Address: 2916 Elder Ln
  • Address - House Number: 2916
  • Address - Street Name: Elder
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Franklin Park
  • Carrier Code: C010
  • 4-Digit Zip Code: 2509
  • Zip Code: 60131

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,155
  • Tax Rate Code Area: 20026

    Appraisal Valuation

  • Standard Deviation: 0.2442
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 65
  • Final Value: 304,090
  • High Value: 378,349
  • Low Value: 229,831

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $135,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jul 27, 2021
  • First Open Lien Mortgage Loan Amount: $135,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2041

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $39,990
  • Market Improvement Value: $220,010

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,000
  • Assessed Land Value: $3,999
  • Assessed Improvements Value: $22,001

    Sales

  • Current Sale Contract Date: Aug 08, 2014
  • Current Sale Recording Date: Aug 15, 2014
  • Current Sale Transaction ID: 1072684483
  • Current Sale Price: $150,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 1422741092
  • Previous Sale Recording Date: Apr 28, 1998
  • Previous Sale Contract Date: Apr 24, 1998
  • Previous Sale Amount: $142,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Aug 15, 2014
  • First Mortgage Loan Amount: $147,283
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2044

    Previous Mortgages

  • Previous Mortgage Lender: SERVE CORPS MTG CORP
  • Previous Mortgage Transaction Date: Apr 28, 1998
  • Previous Mortgage Loan Amount: $106,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: May 01, 2028

About Franklin Park



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Frequently Asked Questions

What neighborhood is 2916 Elder Lane located in?
The 2916 Elder Lane is a located in the neighborhood of Franklin Park in Franklin Park, Franklin Park.
What is the average sales price for listings in 2916 Elder Lane?
The average sales price for units in 2916 Elder Lane is $0 currently.

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