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3406 Elder Lane

3406 Elder Lane, Franklin Park, IL 60131
Sold Jun 26, 2020
$247,500
Sold Aug 12, 2019
$112,500
$132,000 by Dominion Financial Services 3
Mortgage Due Apr 02, 2020
3406 Elder Lane in Franklin Park, IL was first built in 1954 and is 70 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 bungalow style. It is a single story home. There are a total of 5 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 3406 Elder Lane has 1,009 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 3,100 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. 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 C. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 3406 Elder Lane was last sold in May 26, 2020 for $247,500. According to our calculations, that's $245.29 per sqft. Prior to that sales transaction, the property was sold for $112,500 in Jul 29, 2019. Current property owners are expected to pay $2,978 in taxes per year. The property on 3406 Elder Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $11,108. To break that down further, the land itself was valued at $2,790. While improvements to the property were assessed at a total of $8,318. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Aluminum Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Wood
  • 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: 3,100
  • Total Building Area: 1,009
  • Gross Building Area: 1,009
  • Building Area: 1,009
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,009
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THIRD ADD TO FRANKLIN PARK
  • Land Acres: 0.071
  • 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 : ORO ANGELI MARCELO
  • Previous Owner : CR HOUSE SOLUTIONS LLC
  • Owner Before Previous Owner: SMOLIK KENNETH F
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin Park School District 84
  • Census Tract: 811500

Geography

  • District: 20
  • Parcel: 12-21-405-045-0000
  • Block: 6
  • Lot: 21
  • Meridian: SEC 21 TWN 40N RNG 12E
  • Municipality: LEYDEN
  • Latitude: 41.9406
  • Longitude: -87.8733

    Address

  • Full Address: 3406 Elder Ln
  • Address - House Number: 3406
  • Address - Street Name: Elder
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Franklin Park
  • Carrier Code: C004
  • 4-Digit Zip Code: 1704
  • Zip Code: 60131

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,978
  • Tax Rate Code Area: 20026

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 204,282
  • High Value: 250,928
  • Low Value: 157,636

    Market Valuation

  • Market Total Value: $111,080
  • Market Land Value: $27,900
  • Market Improvement Value: $83,180

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,108
  • Assessed Land Value: $2,790
  • Assessed Improvements Value: $8,318

    Sales

  • Current Sale Contract Date: May 26, 2020
  • Current Sale Recording Date: Jun 26, 2020
  • Current Sale Transaction ID: 11769844319
  • Current Sale Price: $247,500
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2017839056
  • Previous Sale Recording Date: Aug 12, 2019
  • Previous Sale Contract Date: Jul 29, 2019
  • Previous Sale Amount: $112,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMEBRIDGE FINANCIAL SERVICES
  • First Mortgage Transaction Date: Jun 26, 2020
  • First Mortgage Loan Amount: $226,393
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: DOMINION FINANCIAL SERVICES 3
  • Previous Mortgage Transaction Date: Aug 12, 2019
  • Previous Mortgage Loan Amount: $132,000
  • Previous Mortgage Term: 7
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Apr 02, 2020

About Franklin Park



Similar Buildings

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Frequently Asked Questions

What neighborhood is 3406 Elder Lane located in?
The 3406 Elder Lane is a house located in the neighborhood of Franklin Park in Franklin Park, Franklin Park.
What is the average sales price for listings in 3406 Elder Lane?
The average sales price for units in 3406 Elder Lane is $0 currently.

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