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1516 Cloverdale Avenue

1516 Cloverdale Avenue, Highland Park, IL 60035
Property in Sherwood Forest
Sold Jun 05, 2020
$425,000
$325,000 by Us Bank Na
Mortgage Due May 01, 2050
Sold May 03, 2017
$399,000
$292,500 by Quicken Loans Inc
Mortgage Due May 01, 2047
1516 Cloverdale Avenue has been categorized by the local assessors in Highland Park, IL as a residential type of property. The building on the property was first built in 1957 and is 67 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1516 Cloverdale Avenue has 1,727 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 1,400 ft and across the front of the lot is 820 ft. The area measurement of the land has been determined as 11,478 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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. The garage measured 550 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. 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 frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of wood siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. 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, 1516 Cloverdale Avenue sold most recently in Mar 8, 2020 for a total of $425,000. If you work out the math, that's approximately a cost of $182.33 per sqft. Before that, the property was also sold for $399,000 in Apr 2, 2017. 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 $11,610 in taxes each year. The initial year of tax delinquency occurred in 2021. 1516 Cloverdale Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $141,872. If we break it down further, the land itself was valued at $56,466. Improvements to the property, however, were assessed at a total of $85,406. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 604
  • Garage Type: Detached
  • Garage Square Area: 550
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,478
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 820
  • Total Building Area: 2,331
  • Gross Building Area: 2,331
  • Building Area: 1,727
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,727
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SHERWOOD FOREST
  • Land Acres: 0.264
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SHERWOOD FOREST (EX S8FT) LOT 261 & S1/2 LOT 262

Ownership

  • Current Owner : GERDES LUDWIG
  • Current Owner 2: GERDES LAURA
  • Previous Owner : POLLACK JEFFREY
  • Owner Before Previous Owner: BLUMENFELD JULIETTA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Township High School District 113
  • Census Tract: 864700

Geography

  • Assessors Map Reference: 2704-B5
  • District: WEST DEERFIE
  • Parcel: 16-28-208-008
  • Lot: 261-2
  • Municipality: TWP OF WEST DEERFIELD
  • Latitude: 42.1802
  • Longitude: -87.8318

    Address

  • Full Address: 1516 Cloverdale Ave
  • Address - House Number: 1516
  • Address - Street Name: Cloverdale
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Highland Park
  • Carrier Code: C027
  • 4-Digit Zip Code: 2727
  • Zip Code: 60035

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,610
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 17167

    Appraisal Valuation

  • Standard Deviation: 0.1722
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 557,619
  • High Value: 653,644
  • Low Value: 461,594

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $325,000
  • First Open Lien Mortgage Lender: US BANK NA
  • First Open Lien Mortgage Recording Date: Jun 05, 2020
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $325,000
  • 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: May 01, 2050

    Market Valuation

  • Market Total Value: $425,659
  • Market Land Value: $169,415
  • Market Improvement Value: $256,244

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $141,872
  • Assessed Land Value: $56,466
  • Assessed Improvements Value: $85,406

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 08, 2020
  • Current Sale Recording Date: Jun 05, 2020
  • Current Sale Transaction ID: 11765482612
  • Current Sale Price: $425,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7661539
  • Previous Sale Recording Date: May 03, 2017
  • Previous Sale Contract Date: Apr 02, 2017
  • Previous Sale Amount: $399,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: Jun 05, 2020
  • First Mortgage Loan Amount: $325,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2050

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: QUICKEN LOANS INC
  • Previous Mortgage Transaction Date: May 03, 2017
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $292,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: May 01, 2047

About Sherwood Forest



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Frequently Asked Questions

What neighborhood is 1516 Cloverdale Avenue located in?
The 1516 Cloverdale Avenue is a located in the neighborhood of Sherwood Forest in Sherwood Forest, Highland Park.
What is the average sales price for listings in 1516 Cloverdale Avenue?
The average sales price for units in 1516 Cloverdale Avenue is $0 currently.

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