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521 North Harvey Avenue

521 North Harvey Avenue, Oak Park, IL 60302
Property in Oak Park
Sold Jun 01, 1999
$315,000
$166,000 by Banc Group Mortgage Corp
Mortgage Due Jul 01, 2039
Sold Jun 04, 1996
$217,500
$174,000 by Prism Mtg Company
Mortgage Due Jun 01, 2026
Local assessors in Oak Park, IL have categorized 521 North Harvey Avenue as a residential type of property. The home was built in 1893 and is 131 years old. The property's lot size has been calculated to be 8,550 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 521 North Harvey Avenue has a total of 2,300 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There are 3 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a hot water heating system is the primary heating source. The property was last sold in May 24, 1999 for $315,000. That's $136.96 per sqft. Prior to that sales transaction, the property was also sold in May 13, 1996 for $217,500. 521 North Harvey Avenue was last assessed in 2023. The total value of the property was assessed at $48,312. Specifically, the land the property is located on was valued at $11,115. While improvements on the property were assessed at a total of $37,197. 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 $10,159. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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: 1893
  • Effective Year Built: 1893
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Multifamily
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 8,550
  • Total Building Area: 2,300
  • Gross Building Area: 2,300
  • Building Area: 2,300
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,300
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JOHNSTON JRS ADD TO AUSTIN
  • Land Acres: 0.196
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: JOHN (JOHNSTON) JRS ADD TO (AUSTIN) SUB OF SH SW SEC 05-39-13

Ownership

  • Current Owner : PETERGAL STEPHEN A
  • Current Owner 2: LEMBCKE KAREN R
  • Previous Owner : BURGESS DAVID Q
  • Previous Owner 2: BURGESS SHARON S
  • Owner Before Previous Owner: GRINBARG EARL B
  • Owner Before Previous Owner 2: GRINBARG MORRIE S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Oak Park and River Forest District 200
  • Census Tract: 812500

Geography

  • District: 27
  • Parcel: 16-05-322-017-0000
  • Block: 8
  • Lot: 1
  • Meridian: SEC 05 TWN 39N RNG 13E
  • Municipality: OAK PARK
  • Latitude: 41.8954
  • Longitude: -87.7822

    Address

  • Full Address: 521 N Harvey Ave
  • Address - House Number: 521
  • Street Direction: N
  • Address - Street Name: Harvey
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Oak Park
  • Carrier Code: C040
  • 4-Digit Zip Code: 2338
  • Zip Code: 60302

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,159
  • Tax Rate Code Area: 27001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 434,558
  • High Value: 545,596
  • Low Value: 323,519

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $166,000
  • First Open Lien Mortgage Lender: BANC GROUP MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Oct 09, 2009
  • First Open Lien Mortgage Loan Amount: $166,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2039

    Market Valuation

  • Market Total Value: $483,120
  • Market Land Value: $111,150
  • Market Improvement Value: $371,970

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,312
  • Assessed Land Value: $11,115
  • Assessed Improvements Value: $37,197

    Sales

  • Current Sale Contract Date: May 24, 1999
  • Current Sale Recording Date: Jun 01, 1999
  • Current Sale Transaction ID: 1073873189
  • Current Sale Price: $315,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 99523473
  • Previous Sale Recording Date: Jun 04, 1996
  • Previous Sale Contract Date: May 13, 1996
  • Previous Sale Amount: $217,500
  • Previous Sale Document Type: Executor's Deed

    Last Sale Mortgage

  • First Mortgage Lender: RESERV MTG CORP
  • First Mortgage Transaction Date: Jun 01, 1999
  • First Mortgage Loan Amount: $215,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jun 01, 2029

    Previous Mortgages

  • Previous Mortgage Lender: PRISM MTG COMPANY
  • Previous Mortgage Transaction Date: Jun 04, 1996
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $174,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jun 01, 2026

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Frequently Asked Questions

What neighborhood is 521 North Harvey Avenue located in?
The 521 North Harvey Avenue is a located in the neighborhood of Oak Park in Oak Park, Oak Park.
What is the average sales price for listings in 521 North Harvey Avenue?
The average sales price for units in 521 North Harvey Avenue is $0 currently.

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