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1227 Arbor Avenue

1227 Arbor Avenue, Highland Park, IL 60035
Sold Apr 23, 2021
$255,000
$191,250 by Intercap Lending
Mortgage Due Feb 01, 2051
1227 Arbor Avenue in Highland Park, IL was first built in 1953 and is 71 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 1227 Arbor Avenue has 1,154 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 7,301 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The roof of the home is made of composition shingle. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter 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, 1227 Arbor Avenue sold most recently in Jan 13, 2021 for a total of $255,000. If you work out the math, that's approximately a cost of $110.49 per sqft. 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 $7,893 in taxes each year. The initial year of tax delinquency occurred in 2021. 1227 Arbor Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $84,226. If we break it down further, the land itself was valued at $35,785. Improvements to the property, however, were assessed at a total of $48,441. 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: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,154
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,301
  • Total Building Area: 2,308
  • Gross Building Area: 2,308
  • Building Area: 1,154
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,154
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GEO. F. NIXON & COS HIGHLAND PK GARDENS
  • Land Acres: 0.168
  • Standard Land Use Code: Single family residential
  • Legal Description 1: GEO. F. NIXON & COS HIGHLAND PK GARDENS LOT 20

Ownership

  • Current Owner : LATTANZI DOMINIC P
  • Current Owner 2: LATTANZI KATIE D
  • Previous Owner : LATTANZI JOHN
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Township High School District 113
  • Census Tract: 865801

Geography

  • Assessors Map Reference: 2704-B6
  • District: MORAINE
  • Parcel: 16-27-121-009
  • Lot: 20
  • Municipality: TWP OF MORAINE
  • Latitude: 42.175
  • Longitude: -87.8234

    Address

  • Full Address: 1227 Arbor Ave
  • Address - House Number: 1227
  • Address - Street Name: Arbor
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Highland Park
  • Carrier Code: C049
  • 4-Digit Zip Code: 2901
  • Zip Code: 60035

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,893
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 18006

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 76
  • Final Value: 364,226
  • High Value: 429,155
  • Low Value: 299,298

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $226,250
  • First Open Lien Mortgage Lender: INTERCAP LENDING
  • First Open Lien Mortgage Recording Date: Apr 23, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $191,250
  • 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: Feb 01, 2051
  • Second Open Lien Mortgage Lender: PENTAGON FCU
  • Second Open Lien Mortgage Recording Date: Jul 22, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $35,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jul 30, 2051

    Market Valuation

  • Market Total Value: $252,704
  • Market Land Value: $107,366
  • Market Improvement Value: $145,338

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $84,226
  • Assessed Land Value: $35,785
  • Assessed Improvements Value: $48,441

    Sales

  • Current Sale Contract Date: Jan 13, 2021
  • Current Sale Recording Date: Apr 23, 2021
  • Current Sale Transaction ID: 11836758679
  • Current Sale Price: $255,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 7780149

    Last Sale Mortgage

  • First Mortgage Lender: INTERCAP LENDING
  • First Mortgage Transaction Date: Apr 23, 2021
  • First Mortgage Loan Amount: $191,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Highland Park Gardens



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Frequently Asked Questions

What neighborhood is 1227 Arbor Avenue located in?
The 1227 Arbor Avenue is a located in the neighborhood of Highland Park Gardens in Highland Park Gardens, Highland Park.
What is the average sales price for listings in 1227 Arbor Avenue?
The average sales price for units in 1227 Arbor Avenue is $0 currently.

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